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Results: 11 Articles found.

Jun 21, 2017

Trump Administration Wants Wall Street Rules Overhauled

The Trump administration wants to ease but not eliminate rules that were imposed on Wall Street by the Dodd-Frank Act, according to a report released June 12 by the U.S. Department of the Treasury, Bloomberg reported. Included in the report is a request to reduce the power of the Consumer Financial Protection Bureau.

Jun 21, 2017

Fed Raises Rates, Plans to Reduce Bond Holdings

The Federal Reserve on June 14 increased interest rates for the second time in three months and committed to reducing holdings of bonds and other securities this year, Reuters reported. The Fed’s move shows confidence in the U.S. economy and job market.


Jun 21, 2017

Disney Alleges ‘Excessive’ Property Tax Assessments

Walt Disney Parks and Resorts filed suit over “excessive” 2016 property tax assessments, alleging that the appraiser’s assessment of Magic Kingdom, Epcot and Hollywood Studios exceeded the properties’ fair market value and incorrectly included the value of some intangible property, the Orlando Sentinel reported June 13.

Jun 21, 2017

Markets Adding Retail despite Lack of Demand, CoStar Reports

Cleveland, Chicago and Memphis, Tennessee, top the list of major metro areas that continue to build retail space that exceeds local demand, according to analytics firm CoStar, Bloomberg reported June 12. Other markets adding to the retail glut include Atlanta, Dallas and Phoenix.

Jun 21, 2017

Commercial, Multifamily Mortgage Debt at New High: MBA

Total outstanding debt for the commercial and multifamily sectors at the end of the first quarter broke the $3 billion mark for the first time, with two-thirds of the increase coming from outstanding multifamily debt, the Mortgage Bankers Association reported June 15 in its Commercial/Multifamily Mortgage Debt Outstanding report.


Jun 21, 2017

Wells Fargo Accused of Making Unauthorized Mortgage Changes

Wells Fargo is accused in a class action lawsuit of making unauthorized adjustments to home loans held by customers in bankruptcy, The New York Times reported June 14. The changes, which lowered monthly payments but extended the term by decades, were not court-ordered as is required for changes to payment plans for individuals in bankruptcy.

Jun 21, 2017

Mortgage Rates Higher Following Extended Decline

Average fixed mortgage rates rose last week for the first time in a month, Freddie Mac reported June 15 in its Primary Mortgage Market Survey. However, if lower Treasury yields stick around, mortgage rates may drop once again.

Jun 21, 2017

Fannie Mae Reports that Consumers See Strong Sellers’ Market

The percentage of consumers who believe now is a good time to buy a home has reached a record low, while the share of those who believe now is a good time to sell has reached an all-time high, Fannie Mae reported June 7 in its Home Purchase Sentiment Index.


Jun 21, 2017

Colorado Springs has Nation’s Hottest Market: Analytics Firm

Colorado Springs, Colorado, has the country’s hottest real estate market, according to the Pre-Mover Housing Index from analytics firm ATTOM Data Solutions, MarketWatch reported June 13. The index tracks such things as ratio of mortgage applications to available homes and closing speed. Other hot markets: Charleston, South Carolina, and Raleigh, North Carolina.


Jun 21, 2017

Houses Selling Fast, With Higher Price Tags, Redfin Finds

The median home sale was up 6.8 percent in May compared to the same point last year, while the median number of days on the market fell from 42 to 37, reflective of an increasingly competitive market and limited housing inventory, real estate brokerage firm Redfin reported June 15.

Results: 11 Articles found.


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