Key insight: The Senate’s manager’s amendment, which added FHA multifamily loan limit reductions and an institutional investor cap on single-family homes, cost the legislation support from the Mortgage Bankers Association. What’s at stake: Community bank regulatory provisions championed by House Financial Services Committee Chairman French Hill were stripped from the Senate version, making it unlikely […]

The California Mortgage Bankers Association (CMBA) testified on March 20 before the California Assembly Banking & Finance Committee during an oversight hearing on California Assembly Bill 238, which focuses on the effectiveness of mortgage forbearance and the broader challenges facing homeowners affected by the state’s January 2025 wildfires. AB 238 provides up to one year

Hanna Holdings, the parent company of Howard Hanna Real Estate Services, has settled the homebuyer commission lawsuits.  In a filing in the Davis homebuyer commission lawsuit on Monday, attorneys for Hanna Holdings indicated that the company had reached a settlement agreement in the Tuccori home buyer commission lawsuit via an opt-in feature in that lawsuit’s