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Hits and Misses for the Real Estate Week of May 12-16

Hits and Misses for the Real Estate Week of May 12-16

by Phil Hall | May 16, 2025 | Hits and Misses, International Real Estate News, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Canada’s unlikely new housing minister, two high profile property sales where the sellers took a big loss, and HUD’s commitment to Indian Country housing. From the wild and wooly world of real estate, here are our Hits and Misses for the week of May 12-16. Miss: The...
Trump’s CFPB Director Pick Relocated to Treasury Position

Trump’s CFPB Director Pick Relocated to Treasury Position

by Phil Hall | May 12, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

The Trump administration has withdrawn Jonathan McKernan’s nomination to become the director of the Consumer Financial Protection Bureau (CFPB) and has nominated him to become undersecretary of domestic finance at the Department of the Treasury. McKernan was confirmed...
Report: CFPB Staff to Begin Receiving Termination Notices

Report: CFPB Staff to Begin Receiving Termination Notices

by Phil Hall | Apr 18, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) issued a new wave of termination notices to its staff on Thursday. The notices could begin as early as today, although official terminations may not happen for several weeks and could impact as much as 90% of the...
Report: Trump Planning to Overhaul Section 8 Voucher Program

Report: Trump Planning to Overhaul Section 8 Voucher Program

by Phil Hall | Apr 17, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

The Trump administration is reportedly planning an overhaul of federal housing assistance programs that would include the replacement of Section 8 housing vouchers with housing grant systems. The New York Times, sourcing its coverage from “three people familiar with...
CFPB Seeks to Vacate Redlining Settlement with Townstone Financial

CFPB Seeks to Vacate Redlining Settlement with Townstone Financial

by Phil Hall | Mar 27, 2025 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) is seeking to vacate its $105,000 settlement of redlining charges against nonbank mortgage lender and broker Townstone Financial Inc. The settlement followed a protracted litigation that began in 2020 under the first...
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