When the Department of Justice (DOJ) came out in opposition of buyer representation agreements as they are defined in the National Association of Realtors (NAR) commission lawsuit settlement agreement, Alabama Association of Realtors took notice. The state trade group is currently championing a bill that would change state law to prevent a consumer from being…
"February 14, 2025" Archives
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The nomination of Jonathan McKernan to lead the Consumer Financial Protection Bureau (CFPB) suggests that, despite the “delete” rhetoric around the bureau, the consumer watchdog isn’t going to be de-fanged and sent to the kill shelter just yet. McKernan, a well-respected, veteran financial regulator with prior stints at the Treasury Department, Federal Housing Finance Agency…
Happy Valentine’s Day to all the housing bubble dreamers! It’s been over a decade that many of you have been waiting for a repeat of the 2008 housing crash, hoping for a market shake-up. Today, however, the latest Household Debt and Credit Report from the Federal Reserve Bank of New York may not be the…
If there are winds of change at the Consumer Financial Protection Bureau (CFPB), small and midsized nonbank mortgage lenders are hoping to slip the clutches of the consumer watchdog they say is, in many ways, duplicitous and unnecessary. In a letter sent Wednesday to CFPB acting director Russell Vought, the Community Home Lenders of America…