Senator moves to regulate home equity investments at the federal level

A bill introduced in the U.S. Senate would amend the Truth in Lending Act (TILA) to explicitly include home equity investments (HEIs) within the law’s definition of residential mortgage loans — a move that would subject the growing financial product to federal consumer lending protections. Introduce

NYC expands finance pool for office-to-residential makeovers

New York City administration officials took a stride toward spurring more office-to-residential conversions by expanding a long-term financing option used in clean energy construction. In late June, the city made embodied carbon eligible for financing under its Commercial Property Assessed Clean Ene

Thinking About Waiting for Lower Mortgage Rates? Read This First.

Imagine waiting a year to buy a home, only to find mortgage rates haven't changed much. That may sound frustrating. But it's a real possibility.

Borrower trust by design

A recent global IDC study of mortgage lenders revealed that 30% of lenders took more than four weeks to close a mortgage and that 53% of processes in underwriting and decisioning were manual. Borrowers expect faster approvals and simpler digital journeys, while lenders look for AI-led origination an