Federal Court blocks Trump’s ‘Liberation Day’ tariffs

A federal trade court has blocked President Donald Trump’s efforts to impose broad tariffs under emergency powers — ruling the move exceeded the authority granted to the president by the 1977 International Emergency Economic Powers Act (IEEPA).A three-judge panel of the U.S. Court of International T
Read MoreDOGE effect? Housing inventory in DC is rising faster than the rest of the country
Agent Janice Pouch had a listing go up in February for a single-family house in a desirable part of Washington, D.C., where homes typically don’t last long. She had no reason to think that wouldn’t be the case this time either, especially after a packed open house during its first weekend on the mar
Read MoreArrive Home introduces new versions of its Earned Equity Program

Arrive Home has launched two new iterations of its Earned Equity Program (EEP), which helps consumers achieve homeownership through a long-term purchase contract.The program is now available through two separate products designed for different groups of borrowers: EEP Pathway and EEP DocLight. EEP P
Read MoreFlorida’s single-family rental market is resilient, but not without risk

Florida’s growth story is well-documented, and it continues to fuel demand for rental housing. According to the U.S. Census Bureau and the National Association of Realtors, Florida welcomed approximately 475,000 new residents in 2024, leading the nation in net migration. The state’s lack of income t
Read MoreGeorgia brokerage joins Century 21 network

Century 21 Real Estate has expanded its presence in Georgia with the addition of Realty 1 Georgia, a brokerage led and founded by Angela Whitmire.The firm — which will now operate as Century 21 Realty 1 Professionals — has offices in Covington and Milledgeville, Georgia. It serves residential and co
Read MoreDOJ: Former attorney pleads guilty to wire fraud tied to reverse mortgage misuse

A former attorney in Washington state this week pleaded guilty in federal court to defrauding a disabled client out of an estimated $800,000 — in part through the misuse of a reverse mortgage, according to an announcement by the Department of Justice (DOJ) and the U.S. Attorney’s Office for the West
Read MoreCHLA offers support for Pulte’s position on FICO pricing

After a statement made last week in condemning the credit-score pricing practices of Fair Isaac Corp. (FICO), Federal Housing Finance Agency (FHFA) Director Bill Pulte is now being complimented for his position by the Community Home Lenders of America (CHLA).CHLA on Tuesday sent a letter to Pulte, s
Read MoreSupreme Lending to acquire Michigan Mutual: sources

Dallas-based Supreme Lending has reached a deal to acquire Michigan Mutual, Inc. (MiMutual), adding a wholesale platform and a presence in Michigan to its operations, sources told HousingWire.Founded in 1999, Supreme Lending originated $3.8 billion over the past 12 months, with most of its volume co
Read MoreNAHREP’s top 250 Latino LOs accounted for $22B in volume in 2024

The National Association of Hispanic Real Estate Professionals (NAHREP) on Wednesday released its annual Top 250 Latino Mortgage Originators Report, which recognizes the nation’s top-performing Latino mortgage professionals.NAHREP received nearly 5,000 nominations and is recognizing more than 600 La
Read MoreNew MISMO reference model includes reverse mortgages

After embarking on an ambitious project designed to ease the technological processes and interfaces of the reverse mortgage industry compared to traditional mortgage workflows, the Mortgage Industry Standards Maintenance Organization (MISMO) announced this week that the latest version of its referen
Read MoreRental-hunting season hits fever pitch as June begins, Zillow data shows

Will an implicit guarantee keep mortgage rates from rising after release of GSEs?

Will mortgage rates go higher if the government takes the GSEs out of conservatorship? Many people would say yes if there were no government backing of these two giants, but on Tuesday evening the calculus changed. In a social media post on Tuesday, President Trump expressed his intention to transit
Read MoreTrump: I’m taking Fannie and Freddie ‘public’ with implicit guarantee

President Trump last week promised a quick answer on whether to remove Fannie Mae and Freddie Mac from government conservatorship. And it appears he’s already reached a decision: it’s time to take them ‘public.’In a post published on Truth Social Tuesday night, Trump wrote:Our great Mortgage Agencie
Read MoreCalifornia wildfire recovery event sought to offer guidance to reverse mortgage borrowers

For communities engulfed in the wildfires that took place earlier this year in the Los Angeles area, lives have been upended and additional strain has been placed on an already-stressed housing system in Southern California. But for wildfire victims who are also reverse mortgage borrowers, they may
Read MoreHow to become a mortgage loan officer in 6 steps + Q&A about MLOs

Move over, real estate agents, and make way for the person who gives homebuyers the financial ability to buy a home – mortgage loan officers (MLOs). Also known as mortgage loan originators or mortgage brokers (although the roles differ slightly — we’ll talk about it), MLOs are the key to financiall
Read MoreAs consumer sentiment remains low, is the ‘silver tsunami’ keeping the economy humming?

Depending on where you look for economic news, you may come away with your head spinning. While consumer sentiment surveys are down — with recent changes tied to trade policy announcements with China — the U.S. economy has remained in mostly resilient territory due to consumer spending.But why is th
Read MoreCalifornia revokes City of Fresno’s ‘pro-housing’ designation

In a move seen as a blow to the city’s plans to develop affordable housing, the mayor of Fresno, California, announced during a city council meeting that the city has lost a pro-housing designation from the state due to perceived failures in expanding its affordable housing stock.In April 2023, Fres
Read MoreHooper commission lawsuit settlements granted preliminary approval

A federal judge has granted preliminary settlement approval in the Hooper commission lawsuit that involves several high-profile real estate brokerages — including eXp World Holdings, Mark Spain Real Estate, Weichert of North America and Atlanta Communities Real Estate Brokerage.The order signed by U
Read MorePartner Real Estate unveils $5K model for agent support

California-based Partner Real Estate has announced a new business model that offers real estate agents access to tools, coaching and operational infrastructure for less than $5,000 per year.“The industry is at a turning point,” CEO Rudy Lira Kusuma said. “Agents shouldn’t have to spend six figures t
Read MoreThese are the potential picks for CFPB director after McKernan’s nomination was pulled

With notable bumps in the road and quickly changing priorities, the road ahead for the Consumer Financial Protection Bureau (CFPB) during the second Trump administration remains clouded.The White House previously nominated someone for the CFPB’s director position who is largely seen as ideal by hous
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