PAVE task force 2.0? Senate Democrat introduces appraisal bias legislation

The Trump administration has “effectively disbanded” the interagency Property Appraisal and Valuation Equity (PAVE) task force, but a Democratic senator wants to revive it.Raphael Warnock of Georgia introduced the Appraisal Modernization Act on Thursday. The legislation seeks to address systemic bia
Read MoreZillow pushes back against Compass’s claims of conspiracy, monopoly

A little over two weeks after Zillow filed letters responding to Compass’s motions for preliminary injunction and expedited discovery, the listing portal giant is officially firing back with its response to these motions.Zillow filed its response and related declarations from company executives, inc
Read MoreUS foreclosure activity continued to rise in first half of 2025, ATTOM says
Real estate data provider ATTOM on Thursday released its Mid-Year 2025 U.S. Foreclosure Market Report, which shows there were a total of 187,659 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — in the first six months of 2025.That figure is up 5.
Read MoreMinnesota housing program under federal fraud investigation

Federal agents are probing what they describe as a massive scheme to defraud Minnesota’s Housing Stabilization Services program, according to a search warrant.Numerous outlets reported that a federal investigation is targeting a Medicaid-funded benefit created in 2020 to assist people with disabilit
Read MoreColorado officials push to save property tax breaks for seniors

Government officials in Mesa County, Colorado, urged state legislators in an open letter this week to preserve a property tax exemption for older adults and disabled veterans amid the state’s ongoing budget constraints.Colorado’s senior property tax exemption, which has been in place for the past 25
Read MoreVantageScore 4.0 is coming. But much work needs to be done

In the days following the announcement that VantageScore 4.0 was suddenly in play for conventional mortgages, FinLocker‘s Brian Vieaux had to burst some bubbles.Most of the 15 to 20 loan officers he spoke to were ecstatic about being able to use the new credit scoring model. Millions of new prospect
Read MoreReal estate investors eye space economy as the new frontier

Real estate investors are turning their gaze skyward in preparation to take part in upcoming needs of the space exploration and data sector.This week, a CNBC report pointed to global real estate firm Hines and its recent acquisition of the Titusville Logistics Center — a nearly 250,000-square-foot i
Read MoreTop San Diego luxury real estate brokerage joins Compass

The Exude Luxury Group — a top-producing real estate firm in Southern California — has departed Side and joined Compass in San Diego’s La Jolla neighborhood, marking a new phase for the six-person team led by Erika Borunda Ahajanian.The group has closed more than $500 million in career sales — inclu
Read MoreNAR moves to dismiss California agent antitrust suit

It’s been just over a month since real estate agent John Diaz refiled his lawsuit in U.S. District Court in Sacramento, but the National Association of Realtors (NAR), along with other state and local associations, are already asking the court to dismiss it. On Monday, NAR and the California Associa
Read MoreERA Real Estate firms merge in Atlanta

Two established Atlanta metro-area real estate firms — ERA Foster & Bond and ERA Sunrise Realty — have merged, combining operations under a single brokerage that now includes more than 175 agents and six office locations.The combined firm now has a Georgia footprint that extends across Atlanta, Cant
Read MoreFederal regulators scrap 2023 CRA rule

Three federal banking regulators announced on Wednesday the rescission of the Community Reinvestment Act (CRA) final rule issued in October 2023.The decision made by the governing boards of the Federal Reserve System, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insura
Read MoreBlend, Doma expand partnership with title solution integration

Blend Labs Inc. and Doma Technologies LLC announced on Wednesday an expanded partnership to bring Doma’s AI-powered instant title decisioning technology to lenders through Blend’s home lending platform.Lenders using Blend’s mortgage and rapid home lending solutions can now access instant title decis
Read MoreThe success reset: How real estate agents can rebuild, relearn, and rise again

Whether you’re just starting your real estate journey or hitting the reset button after a tough season, I want you to hear this: You didn’t choose an ordinary career — because this isn’t an ordinary industry.Real estate will stretch you. It’ll challenge you. It’ll ask you to grow in ways you didn’t
Read MoreFidelity National, FHFA announce collaboration on ‘innovative title solutions’

Fidelity National Financial (FNF) and the Federal Housing Finance Agency (FHFA) have agreed to collaborate on “innovative title insurance solutions,” news that was first shared on social media by FHFA Director Bill Pulte.“I had great conversations with industry today, including the CEO of Fidelity N
Read MoreBill aims to construct homes with proceeds from future GSE release

U.S. Reps. Tom Suozzi (D-N.Y.) and Nicole Malliotakis (R-N.Y.) have introduced the Housing for US Act — a bipartisan proposal aimed at easing the national housing shortage by investing federal funds into the construction of millions of new homes for middle-class Americans.The bill, which is currentl
Read MoreKeller Williams welcomes $90M producing team in New Jersey

Keller Williams has added another top producing team to its roster. On Tuesday, the brokerage announced that The Parlay Group in New Jersey is joining Keller Williams Village Square Realty.The Ridgewood, New Jersey-based team, which includes 12 agents and two staff members, was co-founded by Anthony
Read MoreLongbridge COO Bill Packer on how technology is influencing workflows

Editor in Chief Sarah Wheeler sat down with Bill Packer, chief operating officer at Longbridge Financial, to talk about the ways his company is using AI to serve reverse mortgage borrowers. Packer has worked in the consumer lending space for four decades, with deep expertise in technology and operat
Read MoreKW’s Jay Papasan sheds light on rookie agent mistakes

On this week’s episode of the RealTrending podcast, host Tracey Velt sits down with Jay Papasan — an executive at Keller Williams and co-author of “The Millionaire Real Estate Agent” — to discuss what it takes for new agents to succeed in today’s competitive market.Papasan shares insights from his u
Read MoreFHFA clarifies key VantageScore 4.0 implementation questions

Mortgage industry professionals had more questions than answers following last week’s bombshell announcement that the government-sponsored enterprises Fannie Mae and Freddie Mac have approved the use of VantageScore 4.0, a new credit scoring model.A week after the initial announcement, Federal Housi
Read MoreHousing inventory growth: Good for buyers, bad for builders
Housing inventory growth has been a blessing for the existing home sales market, cooling price growth and giving homebuyers a bit more advantage in 2025. However, as we all know, the inventory growth has been detrimental to the homebuilders this year. On Monday, Mark Zandi, chief economist at Moody’
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