2025

CFPB seeks rescission of pandemic-era mortgage servicing rule

The Consumer Financial Protection Bureau (CFPB), under the leadership of acting director Russell Vought, is continuing to assess regulations it deems outdated or unnecessary. To that end, the bureau published a notice in the Federal Register this week that seeks to rescind a 2021 rule which “temporarily permitted mortgage servicers to offer certain loan modifications made available to borrowers...

David Weekley Homes’ Ellis Brings Livable Luxury to Marietta

After debuting its first homes in Ellis' Phase 4 in 2024, David Weekley Homes is leading construction in the Marietta, GA-based community's 5th and final phase. In addition to award-winning floor plans from the national homebuilder, the swan song for the luxury community boasts 85-foot home sites, access to revered Cobb County Schools, and convenience to local shopping, dining, and recreation destinations....

David Weekley Homes Marks the End of an Era in Georgia’s Flowery Branch

An inaugural builder from the launch of a sprawling North Georgia master-planned community in 2004, it seems only fitting that David Weekley Homes would be the one to close out construction at Sterling on the Lake. A gated, active adult section aptly named The Retreat at Sterling on the Lake marks the last hoorah for the award-winning national homebuilder at the Flowery Branch community. Featuring floor...

U.S. Cities Where Renters Need $100K Salary to Live Doubles Since 2020

A new report by Zillow paints a stark picture of America's rental affordability crisis, revealing that renters in eight major U.S. cities now need to earn six-figure salaries just to comfortably afford housing - double the number of cities from five years ago. Nationwide, the annual income required to afford a typical rental has surged to more than $80,000, up from $60,000 in 2020. The increase reflects a...

Longbridge wins partial preliminary injunction against Mutual of Omaha

The federal judge overseeing the case brought by reverse mortgage lender Longbridge Financial against market leader Mutual of Omaha Mortgage over allegedly deceptive advertising practices has ruled that some of Longbridge’s claims warrant limited injunctive relief, finding that “the law and facts clearly favor some of Longbridge’s claims.” The order was handed down Tuesday by Judge Dana M....

What do you call an iBuyer that isn’t iBuying houses?

Opendoor looked like it had the potential to disrupt the entire residential real estate industry when it launched in 2014, but today it and competitor Offerpad are almost afterthoughts. The so-called iBuyers have yet to find a way to consistently turn a profit, and their presence in the industry has slowly shrunk. With macroeconomic headwinds keeping the housing market subdued, there are less...

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