Mortgage trade groups urge VA to revise elements of proposed partial claim rules
The Mortgage Bankers Association (MBA) urged the U.S. Department of Veterans Affairs (VA) to revise elements of its proposed partial claim and loss-mitigation policies for VA-backed mortgages, arguing that the draft rules could leave veteran borrowers at a disadvantage compared to others. In a comme
ROAD to Housing Act sparks debate over investor limits, housing supply
When the Senate overwhelmingly passed the 21st Century ROAD to Housing Act on Thursday, longtime real estate analyst Steve Murray zeroed in on a number at the center of the legislation: 350. That figure, under the bill, defines a “large institutional investor” — a category that triggers strict limit
The edge that large remodelers leverage in a fragmented industry
Like its residential construction counterpart – homebuilding – the more than $500 billion residential remodeling industry remains highly geographically fragmented and varies widely in firm size, despite a slight increase in M&A activity since the COVID pandemic. In an industry dominated by small ope
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