ROAD to Housing Act dropped from NDAA, sparking trade group response
The ROAD to Housing Act was left out of the 2026 National Defense Authorization Act (NDAA) in the final House text released Sunday, leaving the mortgage industry to continue pushing for housing provisions into the first quarter of next year. The bipartisan bill — which includes policies to address
MBA voices support for proposed cut to community banks’ leverage ratio
Late last month, federal banking regulators proposed lowering the Community Bank Leverage Ratio (CBLR) for qualifying community banks and bank holding companies from 9% to 8% while extending the timeframe for certain banks to remain in the program. The Office of the Comptroller of the Currency (OCC)
Buyer owes $24K after breaching buyers broker agreement, arbitration finds
Since the implementation of mandatory buyer broker agreements via the business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement, many have wondered what happens if a buyer breaches a contract. Jeff Lichtenstein, the broker-owner of Flo
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