Pennsylvania broker sues to end physical office rule

Under Pennsylvania law, real estate brokers licensed by the state are required to maintain a physical main office in the state. However, one broker is looking to challenge this requirement, which he considers outdated and anticompetitive.  In mid-May, Kevin Gaughen, the broker-owner of Lemoyne, Penn.-based Gaughen Home Realty, filed a lawsuit in the Commonwealth Court […]

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Michigan’s single-stair reform gains as housing package languishes

Gov. Gretchen Whitmer wants to “build, baby, build,” but a bipartisan housing reform package is limping in the legislature. Nonetheless, a single-stair bill outside that comprehensive package has stepped up. The Michigan Senate is now weighing a pair of bills that would allow multifamily buildings up to six stories to be built with a single

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BNPL, Rent and Trended Data are Reshaping How Borrowers are Judged

As mortgage underwriting absorbs Buy Now, Pay Later (BNPL) activity, rent payment history and trended credit data, consumers face a new challenge: understanding how everyday financial behavior is being interpreted by increasingly sophisticated scoring systems. Credit modernization is not the problem. In many ways, it is overdue. The lending industry has made a strong case

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