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A new data analysis from CoreLogic has determined that 48,390 homes with a total reconstruction cost value (RCV) of approximately $18 billion are at high or extreme risk of wildfire damage from ongoing fires in California
Nearly 48K Homes at High Risk in California Fires
A new data analysis from CoreLogic has determined that 48,390 homes with a total reconstruction cost value (RCV) of approximately $18 billion are at high or extreme risk of wildfire damage from ongoing fires in California.   CoreLogic... Read more
Amazon Selects NYC and Northern Virginia for New HQs
Amazon has announced that it will divide the new headquarters between New York City and Arlington, Va. The two locations will join Seattle as the company’s three North American headquarters.   The New York location will be in Long Island... Read more
Sherrod Brown
Sen. Brown Mulls 2020 Presidential Bid
Sen. Sherrod Brown (D-OH), the ranking member of the Senate Banking Committee, is reportedly considering a run for his party’s 2020 presidential nomination.   According to a Columbus Dispatch report, Brown claims that he has been hearing “... Read more
FTC Targets Central American Real Estate Investment Scheme
    A federal district court, acting on behalf of a request filed by the U.S. Federal Trade Commission (FTC), has issued an order temporarily shutting down an overseas real estate investment endeavor that the FTC claimed was the largest... Read more
HSBC has reached definitive agreement with the Department of Justice that resolves charges related to the underwriting, issuance and securitization of residential mortgage-backed securities (RMBS) from between 2005 and 2007
Wells Fargo and BlackRock Settle RMBS Trustee Litigation
  Wells Fargo Bank N.A. and a group of institutional investors including funds affiliated with BlackRock Inc. and PIMCO have announced the resolution of two class action lawsuits in federal and California state court related to Wells Fargo... Read more
Nearly $450 billion was spent on roughly 113 home improvement projects between 2015 and 2017, according to a NerdWallet analysis of U.S. Census Bureau data from the American Housing Survey
More Than $450B Spent on Home Improvement Projects
Nearly $450 billion was spent on roughly 113 home improvement projects between 2015 and 2017, according to a NerdWallet analysis of U.S. Census Bureau data from the American Housing Survey.   NerdWallet also reported that 72 percent of... Read more
Swiss-based bank UBS’ announcement that the Department of Justice (DOJ) was preparing a civil action related to 40 residential mortgage-backed securities (RMBS) deals from 2006 through 2007 came to fruition sooner than later
DOJ Hits UBS with Lawsuit Over Pre-Crisis RMBS Sales
Swiss-based bank UBS’ announcement that the Department of Justice (DOJ) was preparing a civil action related to 40 residential mortgage-backed securities (RMBS) deals from 2006 through 2007 came to fruition sooner than later.   The DOJ... Read more
Housing affordability opportunities hit during the third quarter that has not been seen since 2008, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index
NAHB: Housing Affordability at 10-Year Low
Housing affordability opportunities hit during the third quarter that has not been seen since 2008, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index.   The new index report determined that... Read more
With Rep. Maxine Waters (D-CA) poised to take the chairmanship of the Financial Services Committee when the Democrats regain control of the House of Representatives, Rep. Patrick McHenry (R-NC) is seeking to become the committee’s ranking member
McHenry Seeks Ranking Member Spot on Financial Services Committee
With Rep. Maxine Waters (D-CA) poised to take the chairmanship of the Financial Services Committee when the Democrats regain control of the House of Representatives, Rep. Patrick McHenry (R-NC) is seeking to become the committee’s ranking... Read more
The Federal Housing Finance Agency (FHFA) and the Consumer Financial Protection Bureau (CFPB) released new loan-level dataset collected through the National Survey of Mortgage Originations (NSMO)
FHFA and CFPB Issue Mortgage Originations Dataset
The Federal Housing Finance Agency (FHFA) and the Consumer Financial Protection Bureau (CFPB) released new loan-level dataset collected through the National Survey of Mortgage Originations (NSMO) that is designed to offer that insight on... Read more