Mortgage Forward to acquire First Federal Bank’s TPO division

Mortgage Forward announced Friday that it has agreed to acquire the third-party origination (TPO) division of First Federal Bank, including QRL Financial, in a deal the companies say will expand Mortgage Forward’s national mortgage lending platform and broaden its product offerings. The companies confirmed that they have signed a definitive agreement for the acquisition, although the financial terms...

Akron looks to deflate minimum lot size rules to spur infill

Leaders in Akron, a heartland city nearly 40 miles south of Cleveland, hope to shed the city’s “Rust Belt” label and drive its emerging revival by making it easier to build new homes. To achieve the objective, planners believe they’re on the verge of eliminating minimum lot sizes to counteract a shrinking-city paradox. Population loss left hundreds of vacant lots behind, but decades-old zoning...

Nest Egg Protection Act would raise capital gains tax exclusion for senior home sellers

Rep. Nicole Malliotakis (R-N.Y.) has introduced federal legislation that would temporarily raise the capital gains tax exclusion to $1 million for senior homeowners who sell their longtime primary residences. The move aims to ease tax burdens on older Americans and free up inventory for younger homebuyers. The bill, H.R. 9064, known as the Nest Egg Protection Act, was introduced June 1 and would apply...

Trump says Fannie Mae, Freddie Mac IPO still on the table

President Donald Trump said Friday that his administration is still considering a public offering of shares in mortgage finance giants Fannie Mae and Freddie Mac, despite naming the government’s top housing regulator to temporarily lead the nation’s intelligence agencies. Bloomberg reported that while speaking to journalists aboard Air Force One, Trump dismissed suggestions that plans for an initial...

Iran War Torpedoes Spring Home Selling Season as U.S. Mortgage Rates Rise

The U.S. housing market lost momentum during the critical 2026 spring selling season as higher mortgage rates, economic uncertainty, and fallout from the Iran war combined to dampen buyer demand and discourage homeowners from listing their properties. According to Zillow's May 2026 Housing Market Report, both home sales and new listings trailed year-earlier levels during what is traditionally one of the...

Berkshire Taylor Morrison deal puts vertical integration in focus

Berkshire Hathaway’s planned acquisition of Taylor Morrison has opened the door for us to explore a set of uber-themed questions: about homebuilders’ present and future valuations, leadership and scale, and to the question that public homebuilder boards may now be asking: whether to build toward greater scale or join it. A related question may be harder to answer, because it dwells in an...

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