The Consumer Financial Protection Bureau (CFPB) has replaced its rule requiring lenders to adhere to the 1974 Equal Credit Opportunity Act (ECOA). The ECOA was designed to prohibit disparate impact discrimination by lenders who create policies that inadvertently...
Kevin Warsh, President Trump’s nominee to become the next Federal Reserve chairman, vowed to maintain the central bank’s independence after the president said he expected Fed rate cuts once Warsh took office. In a CNBC interview this morning ahead of Warsh’s...
Pending home sales in March increased by 1.5% from February but were down by 1.1% from one year ago, according to the National Association of Realtors (NAR). Month-over-month pending home sales increased in the Northeast and South but declined in the Midwest and West....
The Trump Organization, in collaboration with five development and investment companies, has unveiled plans for Trump Tower Tbilisi, a 70-story mixed-use property in the capital of the Republic of Georgia. The project is the first Trump branded project in the region...
A land buying frenzy created during the pandemic era permanently disrupted the housing market, according to an inaugural data analysis report on land listings by Realtor.com. Since the first quarter of 2019, land market contracted by 23.6% and has yet to recover. Over...
PennyMac Financial Services Inc. (NYSE: PFSI) and PennyMac Mortgage Investment Trust (NYSE: PMT), the Official Mortgage Provider of Team USA and the 2028 Los Angeles Olympic and Paralympic Games, had unveiled the “Welcome Home: Athlete Mortgage Program,” an initiative...
FBI Adds Fugitive Real Estate Fraudster to Most Wanted List
