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Fairway, accused of redlining in Alabama, agrees to settle for $1.9M

Housing Wire

Regulators said that data showed that only 3.77% of Fairway’s applications from 2018 through 2022 were for properties in majority-Black areas of Birmingham. From 2018 to 2020, it directed less than 3% of its direct mail advertising to consumers in majority-Black areas and, despite knowing about the discrepancies, failed to address them.

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Treasury outlines rising cost of homeowners insurance

Housing Wire

The department said its report is based on the most comprehensive and granular snapshot of the homeowners insurance market to date, and covers more than 330 insurers and over 246 million homeowners insurance policies that are aggregated to the ZIP Code level from 2018 to 2022, with an annual average of 49.3 million policies.

Insurance 361
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California will require home insurers to offer policies in high-risk wildfire areas

Housing Wire

The eight largest wildfires in state history have occurred since 2017, and the worst when measuring the loss of life was the Camp Fire in 2018, which killed 85 people. In explaining the rationale behind the new regulation, the Department of Insurance noted that climate change has made California hotter and drier over the last several decades.

Insurance 523
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Did home sales momentum fizzle in December?

Housing Wire

The total number of unsold homes on the market to start 2025 is just 18% fewer than at the start of 2018, seven years ago. In 2018, mortgage rates and inventory rose all year. When rates rise and stay high, like in 2018 or the last three years, inventory grows.

Inventory 447
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Brookfield Properties’ rental division to acquire Divvy Homes in ‘fire sale’

Housing Wire

Andreessen kicked things off in 2018, leading a $30 million Series A equity and debt round. Divvy earned a spot on HousingWire ‘s 2018 Tech100 list and on Forbes’ fifth annual Fintech 50 in 2020. In 2021, Tiger Global followed, leading a $110 million Series C funding round.

Investors 345
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CFPB sues Experian over ‘sham’ consumer dispute investigations

Housing Wire

Between January 2018 and October 2021, Experian reportedly failed to forward more than 2 million disputes to furnishers within the required five-business-day window, the lawsuit states. In addition, the consumer watchdog claims Experian withheld consumer-submitted documentation from furnishers that could support dispute claims.

Law 416
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EasyKnock, facing fire on multiple fronts, abruptly shuts down

Housing Wire

In 2018, the company raised $3.5 In February 2024, the company closed a $28 million Series D funding round from new and existing investors, including Gaingels , Moderne Ventures , QED Investors and Zillow co-founder Spencer Rascoff. This followed a $57 million Series C round in February 2022. An acquisition spree followed.