Judge sides with trade groups, halts new CRA rules

Judge sides with trade groups, halts new CRA rules

A federal judge in Texas has granted a preliminary injunction to banking trade groups that seek to halt the implementation of new rules for modernizing the Community Reinvestment Act (CRA), according to... Read more »
XLD Group’s 0M Loan for LAX Marriott Hotel Watchlisted

XLD Group’s $130M Loan for LAX Marriott Hotel Watchlisted

XLD Group has hit a snag on a $130 million loan linked to the Los Angeles Airport Marriott hotel next to LAX. The loan to the Pasadena-based unit of Sichuan Xinglida Group... Read more »
Judge sides with trade groups, halts new CRA rules

Trade groups commend Fannie Mae’s newest step to address buybacks

The new functionality, added to the quality control process, “gives mortgage lenders the opportunity to address loan defect concerns earlier in the review process,” Scott Olson, executive director of the Community Home Lenders... Read more »
Chicago Landlord, Business Groups Sue To Block Transfer Tax Hike

Chicago Landlord, Business Groups Sue To Block Transfer Tax Hike

Voters are set to decide whether to increase the tax paid on real estate sales above $1 million. Landlords and business groups say referendum violates the state constitution. The verdict is in... Read more »
Judge sides with trade groups, halts new CRA rules

Williston Financial Group’s MyHome acquires Volly

Williston Financial Group is closing out 2023 with yet another acquisition. The firm announced Thursday that MyHome, a WFG subsidiary, has acquired technology and marketing services provider Volly. The financial terms of... Read more »
Housing groups jointly sign letter urging full funding for FHA, Ginnie Mae

Housing groups jointly sign letter urging full funding for FHA, Ginnie Mae

A coalition of seven housing interest groups including the Mortgage Bankers Association (MBA), the Community Home Lenders of America (CHLA), the National Association of Realtors (NAR) and the National Reverse Mortgage Lenders... Read more »