[Pulse] How real estate agents and mortgage lenders can use Instagram to boost their business

Instagram boasts a whopping 1 billion users, with 500 million of them logging into the platform every day. The hashtag #realestate has been used on 26 million posts, and that’s merely one of endless hashtag options. So what does this tell us? For real estate agents and mortgage lenders, Instagram has the potential to be an incredibly lucrative platform for building an engaged audience and attracting new customers.

Trump’s housing-finance plan aims to curb GSE lending in areas with rent control

Buckle your seatbelts, California. You may be in for another showdown with the Trump administration. One of the proposals buried in Treasury’s housing-finance plan was: curbing Fannie Mae and Freddie Mac multifamily lending in areas that adopt rent control. “The lesson I've had through observing the Trump administration is: They tell you in advance what they are going to do and they more often than not follow through,” a Raymond James analyst said.

Homeownership investment startup Landed launches in Portland

Public school teachers and faculty in the Portland area may be eligible to have half of the down payment on a home paid for them, thanks to the recent partnership of Landed and Multnomah County. The startup pays half of the standard down payment (up to $120,000), in exchange for a return on its investment: 25% of the appreciation gain when the property is sold.

HUD watchdog clears Carson in $31,000 furniture fiasco

Department of Housing and Urban Development Secretary Ben Carson was cleared by HUD's independent watchdog for the order for a $31,000 custom hardwood dining set that was to be installed in his office. Actually, it seems Carson’s wife had more of a hand in picking out the furniture than the secretary himself. And on top of that, the order was canceled after all.

NAHB: Most homeowners now view housing market’s affordability problem as a crisis

As housing affordability continues to be a cause of concern for the nation’s homeowners, a report from the National Association of Homebuilders indicates 80% of American households now perceive the problem to be a crisis. Additionally, the company claims that 75% of households report housing affordability to be a problem at both the state and local level.

Priced out? More renters are seeking out lower cost metros

Perhaps the rent is "too damn high" in some places after all. Renters in Los Angeles, Boston, New York and Seattle are more likely to search for housing in more affordable areas, according to a new survey from HotPads. 

FHFA moves to curb Fannie Mae, Freddie Mac green loans for multifamily

The federal regulator for Fannie Mae and Freddie Mac announced changes on Friday to tweak its role in the multifamily mortgage market. The FHFA boosted the multifamily lending caps for the nation’s two largest mortgage financiers to $100 million each, but that won’t necessarily increase volume because it also ended the exemption for “green loans” that had swelled the GSEs’ balance sheets. The regulator also announced it was reclassifying loans in some rural areas and high-cost areas as counting toward the GSEs’ affordable housing goals.

California nears statewide rent control

California is one step away from enacting statewide rent control after the state's two legislative bodies both approved the measure. The bill was approved this week by the California State Senate and the California State Assembly. The bill now moves to the desk of California Gov. Gavin Newsom, who is expected to sign the bill into law.

Mortgage Tech Rundown: HomeLight, Asurity, and Homebot

Mortgage Tech Rundown looks at the latest news in mortgage technology, featuring new product updates, integrations and announcements. Today we take a look at the latest fintech news from HomeLight, Asurity, and Homebot.

ATTOM: Foreclosure activity climbs slightly in August, but is still down 24% from last year

Foreclosure activity increased slightly in August, but is still down nearly 25% from last year, according to new data from ATTOM Data Solutions. ATTOM's report shows that there were 53,007 properties with foreclosure filings in August 2019, up 4% from July 2019 but down 24% from a year ago.