Pennsylvania lawmakers set to vote on home equity investment regulations

Pennsylvania lawmakers are moving to bring home equity investment (HEI) companies under state banking oversight, with a floor vote scheduled June 1. The legislation, House Bill 2120, would subject shared appreciation agreements to similar regulations as those governing traditional lenders. The proposed action comes as a state representative accuses one company of attempting to “mislead” the...

Zillow, MRED face July 1 hearing after restraining order on feeds

While Chicago-based federal Judge John Tharp, Jr. did order Midwest Real Estate Data (MRED) to restore its listing feeds to Zillow on Friday, amid the listing portal giant’s antitrust lawsuit against the Chicagoland MLS and Compass International Holdings, Zillow’s Chicagoland listings may still be at risk. The order partially granted Zillow’s motion for a temporary restraining order against MRED,...

Higher Rates Chill U.S. Mortgage Demand in May

U.S. mortgage application activity fell sharply in late May 2026 as borrowing costs climbed to their highest levels in nearly nine months, pressuring both refinancing demand and homebuyer affordability amid a still-resilient housing market. The Mortgage Bankers Association said overall mortgage application volume dropped 8.5% in the week ended May 22 from the prior week on a seasonally adjusted basis,...

Home equity cap tied to Medicaid eligibility is set to change

A new federal Medicaid rule will place a nationwide cap of $1 million cap on home equity for older adults who seek long-term care coverage, a change advocates say could increasingly affect middle-class homeowners in expensive housing markets. The provision, included in the Budget Reconciliation Act of 2025 — otherwise known as President Donald Trump’s “One Big Beautiful Bill” — takes effect...

Eastwood Homes lands Peachtree Building Group in Atlanta

Eastwood Homes’ acquisition of Atlanta-based Peachtree Building Group – announced today – maps out on its surface as a straightforward expansion move. Eastwood Homes, our HousingWire Homebuilder Ranking’s No. 11-ranked private homebuilder, is a fast-growing Charlotte-based builder that, with this deal, deepens its Southeastern footprint by adding local scale, operating capability, and market...

Compass agent with no coding experience builds local real estate hub using AI

A real estate agent with no technical background spent 11 months using artificial intelligence (AI) to build a hyperlocal educational website — aiming to replace what she calls a fragmented online landscape for buyers and sellers. Irina Norrell, who leads Compass’s Irina Norrell Team in the Washington, D.C., metro area, told HousingWire she grew frustrated with clients spending initial meetings...

Smartfi offers 50-bps reverse mortgage discount for veterans

A new offering from Smartfi Home Loans is aimed at expanding benefits for veteran homeowners through a lower interest rate on its proprietary reverse mortgage product. In honor of Memorial Day, the company this week launched Choice Service, an enhancement to Smartfi Choice, the company’s proprietary reverse mortgage program that targets homeowners 55 and older. The Choice Service offering is...

CMLS, this one is for you: Build the alliance now or watch Compass build it instead

In the next four months, CMLS leadership has the opportunity to convene the MLS-controlled national alliance the industry needs. The 2026 Board of Directors is in place under Chair Nicole Jensen of realMLS and Vice Chair Justin Haag of Northwest MLS, taking the helm at what WAV Group described as one of the most consequential periods in its history. The forum already exists. The members are already paying...

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