Author name: Ricky Vasquez

Bill could triple fees for VA interest rate reduction refi loans

Fees for Veterans Affairs interest rate reduction refinancing loans (IRRRLs) could nearly triple if Congress passes the Take Care of America’s Veterans Act as currently proposed. Processing Content The bill has been introduced in both the House and Senate, with the lead sponsors being Rep. Mike Bost, R.-Illinois and Sen. Jerry Moran, R.-Kansas. It combines […]

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Customers slam Hometap with a wave of class action lawsuits

Home equity investment platform Hometap is facing a surge of litigation from its customers over its shared-appreciation contract product that litigants describe as “predatory and abusive.” Processing Content Consumers accuse Hometap of violating the Truth in Lending Act, for failing to treat their product as a mortgage loan. The recent cases create more scrutiny for

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Newsom signs balanced budget with $1.7B locked-in for housing

This time last year, California Gov. Gavin Newsom signed a state budget that included sweeping housing reforms that allowed urban residential developers to avoid rigorous environmental reviews. This year’s budget, which Newsom signed on Monday, does not carry the same historic housing reforms as last year. Instead, it is historic for balancing the budget. “For

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