Monday Morning Cup of Coffee: Home price and wage divergence raise alarms

Monday Morning Cup of Coffee: Home price and wage divergence raise alarms

Plus the endgame for two billion-dollar R&W settlements?

The 15 hottest markets for homebuyers and sellers this spring

California dominates list

Changes in FHA multifamily lending requirements squeeze lenders, owners

Pressure trickles down into rent increases in affordable units
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US Sen Durbin: mulling mortgage bankruptcy options

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US Senate Democrats welcome a fight with Republicans over a proposed agency aimed at protecting consumers from abusive financial industry practices, a top Senate Democrat said Monday. Sen. Richard Durbin (D., Ill.), the second-ranking Democrat in the Senate, told reporters on a conference call that the GOP alternative to the proposed agency would protect "the most notorious" practices by debt collectors, pay-day lenders and other financial services firms. "If the Republicans want to stand behind those practices of the pay-day loan operations...I welcome the fight," Durbin said.

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