By PATRICK LAVERY The inauguration of President Donald Trump to his second, non-consecutive term last Monday was quickly followed by a flurry of executive orders and policy redirection that the administration hopes will set the course for the United States for the next four years. But the first economic crisis of the new Trump presidency…
By ERIN FLYNN JAY As President Donald Trump starts his second term, there is a renewed interest in Opportunity Zones. Opportunity Zones are defined as census tracts in or alongside low-income neighborhoods that meet various criteria for redevelopment in all 50 states, the District of Columbia, and U.S. territories. Enacted through the Tax Cuts and…
A freshly inaugurated Donald Trump signed a slew of executive orders on his first day, including a memorandum titled “Delivering Emergency Price Relief for American Families and Defeating the Cost-of-Living Crisis.” The memorandum calls for departments and agencies to deliver emergency price relief, including unspecified actions to “lower the cost of housing and expand housing…
By DONNA JACKSON and BEN LIEBERMAN The passing of Jimmy Carter sparked much praise for his post-presidency good deeds, particularly his decades of volunteer work with Habitat for Humanity building homes for low-income families. But as President, Carter and several of his successors made housing considerably less affordable by enacting mountains of costly regulations, especially…
By KIMBERLEY HAAS Leaders at RealPage are speaking out after the U.S. Department of Justice expanded its antitrust lawsuit against the company to include six of the nation’s largest landlords. Officials at the DOJ allege the landlords – Greystar Real Estate Partners LLC, Blackstone’s LivCor LLC, Camden Property Trust, Cushman & Wakefield Inc and Pinnacle…
By KIMBERLEY HAAS Officials at the U.S. Department of Justice continue to assert that Rocket Mortgage participated in housing discrimination by relying on a biased appraisal as the lender pushes the government to address potential conflicts between regulations and enforcement actions. In December, lawyers for Rocket moved to dismiss a DOJ lawsuit alleging that the lender,…
PHH Mortgage Corp. settled with the U.S. Department of Housing and Urban Development to resolve allegations of illegal “pay-to-pay” charges. HUD accused PHH of unlawfully charging fees to borrowers making a mortgage payment, violating requirements laid out by the Federal Housing Administration. Specifically, HUD says PHH charged borrowers making a payment over the phone (both…
By KIMBERLEY HAAS When Donald Trump starts his second term as President of the United States, he will be facing unprecedented challenges in the housing market. Housing is a leading cause of rising costs for American families. National home prices have jumped nearly 40% over the course of the last four years. Mortgage rates, which…
The Consumer Financial Protection Bureau has accused Vanderbilt Mortgage & Finance of misleading borrowers looking to finance manufactured homes. In a new lawsuit, the CFPB claims Vanderbilt ignored obvious signs that borrowers could not afford loans, resulting in excessive financial struggle for families struggling to make payments. Vanderbilt allegedly charged fees and penalties on delinquent…
By PATRICK LAVERY Experts and analysts had been predicting it for weeks, so the first shoe to drop Wednesday afternoon was expected: The Federal Open Market Committee voted to cut its key interest rate by another quarter-point, its third consecutive cut after more than a year of inaction, and a resultant reduction of 100 basis…
End of content
End of content
Before You Go, Get the Latest News and UPDATES!
Stay Tuned!