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CFPB staffer alleges misconduct in Townstone redlining suit

In an extraordinary move stemming from a 2020 redlining lawsuit, an official working with the Consumer Financial Protection Bureau (CFPB) at the behest of the White House Office of Management and Budget (OMB) alleges that the bureau improperly sought a lawsuit against Chicago-based nonbank mortgage lender and brokerage Townstone Financial, according to court filings reviewed by HousingWire. Dan Bishop,...

What constitutes public marketing? NAR clarifies details on delayed marketing listings

Under the National Association of Realtors’ (NAR) new Multiple Listing Options policy, the trade group is allowing listing agents, with the signed consent and direct permission of their seller client, to delay publicly marketing a listing through Internet Data Exchange (IDX) feeds and syndication.  While this means delayed marketing listings will not appear on listing portals that use IDX feeds,...

Satisfaction surveys may not be helpful in guiding retirement policy

While many measurements of retirement readiness suggest that older Americans will fall short of maintaining their quality of life after completing their careers, the overwhelming majority of retirees (92%) report in surveys that they are either “moderately” or “very” satisfied. This disconnect may mean that retirement satisfaction surveys may not be the most helpful tools for those seeking...

New FHA citizenship, residency requirements apply to reverse mortgages

Seeking to align with recent executive orders issued by President Donald Trump, the Federal Housing Administration (FHA) announced on Wednesday the publication of a new mortgagee letter (ML) that restricts qualification for FHA-backed mortgages to U.S. citizens or permanent residents. The measure applies to all Title II single-family mortgage programs, including the Home Equity Conversion Mortgage...

Ireland Home Price Inflation Hits 8 Year High in Early 2025

The latest Daft.ie House Price Report reveals that housing prices across Ireland rose by an average of 3.7% in the first quarter of 2025. The national average listed price reached €346,048, reflecting an 11.6% increase compared to the previous year and a 35% rise since the start of the COVID-19 pandemic. This rate of inflation is the second-highest recorded in the decade since the implementation of...

Treasury Department plans to cut thousands of employees

Elon Musk and his team in the White House reportedly plan to lay off a substantial portion of employees in the U.S. Department of Treasury as part of their ongoing effort to reduce the federal workforce. In a court filing Tuesday surfaced by Bloomberg Law, the Treasury’s Deputy Assistant Secretary Trevor Norris stated that the department is finalizing plans to comply with President Donald Trump’s...

Understanding NAR’s new ‘delayed marketing’ policy for listings

The National Association of Realtors‘ Clear Cooperation Policy (CCP), which requires agents to put a listing on the MLS within one business day, will remain in place, NAR announced Tuesday. But the trade group is also offering an additional option to home sellers — a delayed marketing exemption period. The CCP has been a polarizing issue between brokers who believe in the policy and those who would...

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