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Zillow to list housing discrimination protections

Housing Wire

Rentals listed on Zillow will now show whether or not they lie in a jurisdiction with local laws protecting renters from discrimination based on the use of Housing Choice Vouchers. The app also lists any local laws protecting renters who use veteran’s benefits or Social Security insurance payments to pay their rent.

Landlords 488
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CFPB unveils rule to erase medical debt from credit reports

Housing Wire

The CFPB also cited issues such as inaccurate bills and those that should have been covered by insurance as key justifications for the change. It also does not apply to credit reports used for non-lending purposes, such as employment and tenant screening.

Tenants 411
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Biden signs American Rescue Plan. Here’s what that means

Housing Wire

Among the unknowns servicers face in 2021 are changes that could affect lender-placed insurance (LPI). “Specifically, we appreciate the bill’s provisions that provide additional assistance to tenants, homeowners, and businesses — particularly those in the retail and hospitality sectors,” said MBA CEO Robert Broeksmit.

Tenants 545
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Rural America is losing affordable housing at a crisis pace

Housing Wire

After those government-supported mortgages terminate due to maturity or prepayment, the owners can, and many do, convert their multifamily properties to market-rate rents, or sell them to new owners that are not committed to providing housing that is affordable to struggling low-income rural tenants.

Tenants 485
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CFPB Examines Servicer Relationships in Times of Crisis

Appraisal Buzz

Mortgage servicers have clear obligations under federal law to help these homeowners. The CFPB report revealed that homeowners have problems accessing basic information, as well as having their assumptions processed with loans insured by VA and other federal agencies.

Legal 387
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Opinion: How ADUs can alleviate the U.S. housing crisis

Housing Wire

Couple that with rising costs of home insurance and the general price inflation, and there is a massive housing affordability problem facing the majority of the country. Enter the Accessory Dwelling Unit, commonly known as an ADU, or more informally called an in-law suite, granny flat or backyard home.

Tenants 380
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Crisis management in real estate: 8 tips for handling difficult situations

Housing Wire

Address other important items, including relevant contact information for support professionals, such as legal counsel, insurance providers and emergency services. Tenants and clients who can access an online platform to get a rapid response are more inclined to stick with you during a crisis. Even better?