COVERAGE INFORMATION:
California Department of Real Estate (DRE) NEWS CLIPS service coverage:
Monday through Friday (except state holidays) each week includes electronic format articles retrieved from newspapers or news services that report real estate related news in California and some national services. Coverage is for California newspapers that are available electronically via the Internet - and any significant related breaking news.
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Copyright © , California Department of Real Estate
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Tuesday, June 24, 2025
Top Stories
House passes abusive trigger leads ban
FLÁVIA FURLAN NUNES, HousingWire (Subscription)
The U.S. House of Representatives unanimously passed the Homebuyers Privacy Protection Act (H.R. 2808) late Monday, bringing a national ban on abusive trigger leads one step closer to reality. The move was widely applauded by mortgage trade groups. The House’s action follows the U.S. Senate’s approval of a similar bill (S. 1467) on June 13. Both bills prohibit companies from making credit offers unless the consumer has provided explicit consent or the offer comes from their mortgage originator, servicer, depository institution or credit union with an existing relationship.
FICO to add Buy Now, Pay Later data to credit scores
FLÁVIA FURLAN NUNES, HousingWire (Subscription)
Fair Isaac Corp. (FICO) will incorporate Buy Now, Pay Later (BNPL) data into two of its credit scores set to launch in Fall 2025. The company, which owns the rights to the market’s most widely adopted consumer credit risk assessment methodology, announced the move on Monday.
We're in no rush to cut rates: Powell
MATTHEW SELLERS, Mortgage Professional America
As political scrutiny of the Federal Reserve intensifies, Chair Jerome H. Powell on Tuesday defended the central bank’s cautious approach to interest rate policy, telling lawmakers that officials can afford to wait before making any move to ease borrowing costs.
National News
New York’s Housing Crisis Is So Bad That a Socialist Might Become Mayor
REBECCA PICCIOTTO, MAGGIE GRETHER & REDMOND BERNHOLD, The Wall Street Journal (Subscription)
Amara Mayo’s search for an affordable apartment in New York City is becoming more like a pageant contest than typical house hunting. The 23-year-old paralegal carefully curated photos of herself to post in Facebook housing groups, where hundreds of thousands of other 20-somethings are vying for leases.
California News
Historic film studio hits the market at top dollar even as filming dips
ROGER VINCENT, Los Angeles Times (Subscription)
One of the oldest movie studios in Los Angeles is up for sale, perhaps to the newest generation of content creators. The potential sale of Occidental Studios comes amid a drop in filming in Los Angeles as the local entertainment industry faces such headwinds as rising competition from studios in other cities and countries, as well as the aftermath of filming slowdowns during the pandemic and industry strikes of 2023.
‘Unsafe to Inhabit’: The Toxic Homes of L.A.
BLACKI MIGLIOZZI, RUKMINI CALLIMACHI & K.K. REBECCA LAI, New York Times (Subscription)
At first, the families whose homes were left standing thought they were the fortunate ones. While their neighbors sifted through the ash and twisted debris left behind by devastating wildfires, they stepped through unbroken doors into living rooms where the throw pillows on the sofa rested exactly as they’d left them.
Industry News
The juiciest details in Compass’s lawsuit against Zillow
BROOKLEE HAN, HousingWire (Subscription)
Given the animosity between Compass and Zillow over the portal giant’s listing standards policy, it came as little surprise when the Robert Reffkin-helmed firm filed a lawsuit against Zillow Monday morning. While the complaint contains many of the anticipated claims, including that Zillow enacted the policy, which bans listings that are publicly marketed for more than 24 hours before being input into the MLS, to protect its bottom line and “market dominance,” there were some other intriguing insights. And lots of great color.
Rocket launches bridge loans to make homebuying easier
FLÁVIA FURLAN NUNES, HousingWire (Subscription)
Rocket Mortgage, the home lending arm of Rocket Companies, announced Tuesday it will now offer bridge loans, a short-term financing option that helps homeowners tap into their equity while selling their current property.
nCino CMO indicted for grand larceny, stealing $6M from former employers
SARAH WOLAK, HousingWire (Subscription)
nCino’s chief marketing officer allegedly stole nearly $6 million from his former employers over eight years, using the money to fund a lavish lifestyle that included a $150,000 engagement ring and 150 flights, prosecutors said Monday.
The mortgage market hopes for rate cuts amid war moves
SARAH WOLAK & FLÁVIA FURLAN NUNES, HousingWire (Subscription)
Global tensions between the United States and Iran have led many in the mortgage industry to wonder whether the bombing of Iran nuclear sites would move bond yields and lead to a drop in mortgage rates. On Monday, just as economists were factoring in the possibility of war with Iran, at least one member of the Federal Reserve signaled the chance of a July rate cut. Both events could have a domino effect on the mortgage market. Shawn Way, West Capital Lending‘s vice president, says he could see the two unrelated events having a crossover impact.
Real Estate Technology
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Property News
Discover circular 1936 farmhouse with courtyard on Sacramento River
DAVID CARACCIO & GLENN ROSE PHOTOGRAPHY, The Sacramento Bee
Discover a historic Carr Jones-designed farmhouse on Sacramento River in Walnut Grove. This 1936 gem offers Old World charm, unique design and modern updates.
In Case You Missed It
No stories today
Resources, Webinars, and Other Items of Interest
Is a California highway project ‘dumping half a billion dollars into the ocean’?
ARIANE LANGE, The Sacramento Bee
Caltrans has proposed a $500 million project to widen a wine country highway that the agency said could be underwater in 25 years. Members of the California Transportation Commission will decide at a public meeting beginning Thursday whether to award Caltrans and local agencies a $73 million grant that would cover some of the cost to widen Highway 37 — a roadway linking Vallejo to Sears Point across the Napa Sonoma Marsh, much of which is only one lane in each direction.
