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Home prices during December were up 6.6 percent from the previous year and up 0.5 percent from the previous month
Yes, Home Prices Are Still Rising
Home prices during December were up 6.6 percent from the previous year and up 0.5 percent from the previous month, according to new data from CoreLogic. December marked the fifth consecutive month that home prices were up by more than six... Read more
The Consumer Financial Protection Bureau (CFPB) has released a five-year Strategic Plan that offers a very different approach to regulatory oversight than the draft version initially released in October 2017
Mulvaney Reportedly Stalls CFPB Probe of Equifax
The Consumer Financial Protection Bureau (CFPB) is reportedly slowing down its probe of the Equifax data breach, in stark contrast to other federal and state investigations.   According to a Reuters report that is attributed to anonymous “... Read more
What is Janet Yellen doing after concluding her historic four-year term as the first woman to chair the Federal Reserve?
Yellen Joins Brookings Institution
What is Janet Yellen doing after concluding her historic four-year term as the first woman to chair the Federal Reserve? No, she’s not heading to Disney World—Yellen is joining the Brookings Institution as a Distinguished Fellow in... Read more
The U.S. Court of Appeals for the District of Columbia Circuit has ruled in an 8-3 judgment that the single director leadership structure of the Consumer Financial Protection Bureau (CFPB) does not violate the Constitution
Judge Dismisses Credit Union Lawsuit on Mulvaney
A legal challenge by a New York City credit union against President Trump’s appointment of Mick Mulvaney as Acting Director of the Consumer Financial Protection Bureau (CFPB) was thrown out of court.   According to a Reuters report, U.S.... Read more
A total of 649,000 foreclose starts and a total of 232,000 foreclosure sales took place in 2017
Foreclosure Starts, Completions at 17-Year Lows
A total of 649,000 foreclose starts and a total of 232,000 foreclosure sales took place in 2017, the lowest level in the 21st Century, according to new data from Black Knight Inc. Outside of the markets impacted by Hurricanes Harvey and... Read more
The national trend of rent increases hit a tiny roadblock in the latest data report from ADOBO, which found February’s rent average down by a scant 0.2 percent
National Rent Average Down Very Slightly
The national trend of rent increases hit a tiny roadblock in the latest data report from ADOBO, which found February’s rent average down by a scant 0.2 percent, the first decline in rents since last August. The national median rent for one... Read more
The frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications increased 20.3 percent year-over-year, according to the new Defect Index report from First American Financial Corp.
Loan Defect Index Up 20.3 Percent in One Year
The frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications increased 20.3 percent year-over-year, according to the new Defect Index report from First American Financial Corp. On a... Read more
Football legend-turned-commercial real estate executive Roger Staubach is making his annual prediction for the Super Bowl winner based on the commercial property markets where the rival teams are based
Does Office Vacancy Rates Support a Patriots Super Bowl Win?
Football legend-turned-commercial real estate executive Roger Staubach is making his annual prediction for the Super Bowl winner based on the commercial property markets where the rival teams are based.   Staubach, who is executive... Read more
The U.S. Department of Housing and Urban Development (HUD) awarded more than $1.5 billion to help the ongoing recovery efforts in Puerto Rico created by Hurricanes Irma and Maria
HUD Announces $1.5B in Aid to Puerto Rico
The U.S. Department of Housing and Urban Development (HUD) awarded more than $1.5 billion to help the ongoing recovery efforts in Puerto Rico created by Hurricanes Irma and Maria.   HUD's Deputy Secretary Pamela Hughes Patenaude announced... Read more
The Consumer Financial Protection Bureau (CFPB) has quietly shifted the control of its Office of Fair Lending and Equal Opportunity (OFLEO) under the direct authority of Acting Director Mick Mulvaney
Mulvaney Takes Direct Control of CFPB Fair Lending Office
The Consumer Financial Protection Bureau (CFPB) has quietly shifted the control of its Office of Fair Lending and Equal Opportunity (OFLEO) under the direct authority of Acting Director Mick Mulvaney.   News of this shift was first... Read more