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Why a California law to create housing units hasn’t worked

Housing Wire

SB 9 was designed to inject supply into what is arguably America’s most challenging housing market , but that has yet to happen. Maybe the most successful housing legislation in the state relates to accessory dwelling units , which has resulted in about 80,000 permits being granted since 2016.

Law 482
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FinLocker raises $17M in Series B funding round

Housing Wire

Louis-based developer of a leading white-label financial fitness and homeownership platform, announced the closure of a $17 million Series B funding round on Tuesday. In addition to product development, FinLocker (a former HousingWire Tech 100 winner) plans to expand its strategic partnerships and collaborations within the mortgage ecosystem.

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Fintech Maxwell launches POS feature that offers tailored workflows for lenders

Housing Wire

Unlike off-the-shelf POS solutions, Blueprint Builder allows lenders to customize technology that is designed to help improve operations, Maxwell noted. Since launching in 2016, Maxwell has used technology to streamline and accelerate the mortgage process for more than 300 banks, credit unions and other lenders on its platform.

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FinCEN expands GTOs of all-cash home sales yet again

Housing Wire

For that reason, Treasury is committed to developing a solution to increase the transparency in the domestic real estate market.” FinCEN began issuing GTOs in January 2016 and last announced expansions to its GTOs in April 2023. real estate market to launder money. national security and help protect the integrity of the U.S.

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FinCEN expands GTOs on all-cash real estate transactions

Housing Wire

The GTOs and the $300,000 reporting requirement were established in 2016 by FinCEN and were originally designed to target shell companies purchasing real estate in Manhattan and Miami. We urge stakeholders to provide input to assist us in developing an approach that enhances transparency while minimizing burden on business.”.

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GSEs Seek Input on Duty to Serve Plans

Appraisal Buzz

History of the DTS program FHFA issued a final rule in 2016 that implemented the DTS provisions of the Housing and Economic Recovery Act of 2008 (HERA). Department of Housing & Urban Development (HUD) and U.S. Thompson. “I I look forward to hearing the public’s input and feedback on the plans the Enterprises have proposed.”

Finance 390
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Streamlining subsidies to build more affordable housing

Housing Wire

To help the lowest-income families, who increasingly can’t find affordable housing in today’s market, federal, state, and local governments devote considerable resources to subsidize the development of affordable housing with below market rents. These bureaucratic barriers burden developers with direct and indirect costs.