California Passes Down Payment Assistance Plan, but Push To Cut Red Tape Remains in Limbo

California voters headed to the polls on Tuesday to decide three new housing-related ballot measures. While two of them handily passed, votes are still being counted on a plan to cut red tape and streamline environmental reviews for new homes. Voters approved Proposition 1, which authorizes Californ

Blend posts smaller Q3 loss, warns of steeper mortgage revenue drop ahead

Blend reported GAAP operating loss of $2.6 million in Q3

Massachusetts Plan for More Starter Homes Fails as ‘NIMBY’ Voters Insist on Local Zoning Control

Massachusetts voters rejected Question 7, a ballot initiative aimed at promoting starter homes by reducing the size of the lot required to build a home. The initiative would have established a new minimum lot size of 5,000 square feet for single-family homes. The lot would need at least 50 feet of l

NRMLA asks Congress to restore HUD housing counseling funds

NRMLA says HECM borrowers must get HUD-approved. third-party counseling before loans can legally close