The California Mortgage Bankers Association (CMBA) testified on March 20 before the California Assembly Banking & Finance Committee during an oversight hearing on California Assembly Bill 238, which focuses on the effectiveness of mortgage forbearance and the broader challenges facing homeowners affected by the state’s January 2025 wildfires. AB 238 provides up to one year…
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Hanna Holdings, the parent company of Howard Hanna Real Estate Services, has settled the homebuyer commission lawsuits. In a filing in the Davis homebuyer commission lawsuit on Monday, attorneys for Hanna Holdings indicated that the company had reached a settlement agreement in the Tuccori home buyer commission lawsuit via an opt-in feature in that lawsuit’s…
Modular and panelized construction – often positioned as a tool to expand the supply of affordable housing – is also gaining traction in the luxury, custom homebuilding market. At The SHIFT, a placemaking conference hosted by Tavistock Development Company earlier this month in Orlando, Florida, Plant Prefab Founder and CEO Steve Glenn said off-site methods…
Washington state’s Covenant Homeownership Program is under investigation by the U.S. Department of Housing and Urban Development (HUD) over potential violations of the Fair Housing Act. HUD’s Office of Fair Housing and Equal Opportunity (FHEO) notified the Washington State Housing Finance Commission, which administers the program, of the probe on Tuesday. The investigation comes days…