Key CFPB official resigns amid Trump-era challenges

The Consumer Financial Protection Bureau (CFPB)’s top enforcement official, Michael Salemi, announced Thursday that he’s resigning, citing frustration that the Trump administration is blocking nearly all agency activity. Bloomberg Law first reported the news, citing an email it obtained that Salemi wrote to the bureau’s staff. “In the last several

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BTIG sees new playbook for mortgage stock gains in 2026

Mortgage stocks should benefit from lower interest rates in 2026, but the strongest performances will be driven by other sources of value creation, including lower expenses from artificial intelligence-driven workflows, according to BTIG analyst Eric Hagen. “Most stocks are coming off a strong year of performance driven by accommodative Federal

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7 best real estate schools in Illinois for 2026

If you’re looking for the best real estate schools in Illinois to complete the required 75 hours of class time, we’re here to help. Keep in mind that in Illinois, real estate agents are called brokers, and an upgraded license is a managing broker license. Whether you’re looking for a

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Housing groups debate the second appraisal rule for HECMs

Earlier this week, the Appraisal Institute told the U.S. Department of Housing and Urban Development (HUD) that it supports the current requirement for a second appraisal on certain federally insured reverse mortgage transactions. The comments came in response to HUD’s recent request for information (RFI) that sought public feedback on

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NY court upholds foreclosure abuse law

The New York State Court of Appeals has upheld the Foreclosure Abuse Prevention Act of 2022 (FAPA), confirming that the law is constitutional and applies retroactively. The landmark decision, made on Nov. 25, means that mortgage lenders cannot restart the state’s six-year statute of limitations on foreclosure claims by withdrawing

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Lawyers weigh in on Compass, Zillow’s antitrust argument

While the hearing held last month in Compass’s antitrust lawsuit against Zillow was focused on the former’s preliminary injunction motion, testimony provided a preview of what the industry could expect if the case goes to trial. Over the course of the four-day hearing, much of the testimony focused on Compass’s

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Samara to add ADUs to five multifamily properties in the Bay Area

California-based Samara, a manufacturer of accessory dwelling units (ADUs), will team up with Prometheus Real Estate Group to bring ADUs to five Prometheus multifamily communities in the San Francisco Bay Area.  California recently expanded ADU capacity on multifamily parcels through SB 1211, which passed last year and took effect at

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What does the future hold for the fix-and-flip market in 2026?

Over the course of 2025, the fix-and-flip housing market was characterized by tighter profit margins and higher expenses — including acquisition, material and labor costs. All of that tied together with tariff uncertainty and properties that continued to linger on the market. Despite this, investors persisted in their fix-and-flip pursuits,

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George Morales elected to NRMLA board

Mortgage Cadence, a subsidiary of Accenture, confirmed on Thursday that George Morales, its national sales director, has been elected to the 2025–26 board of directors for the National Reverse Mortgage Lenders Association (NRMLA). Morales joins several other leaders on the board who help shape NRMLA’s policy agenda and strategic direction.

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