News

Fired HUD aide to Ben Carson softens stance on Trump

Let go for criticizing the president
After being fired earlier this month for being critical of President Donald Trump during the campaign, Shermichael Singleton, who was one of Ben Carson’s top aides at HUD, went on CNN for an interview as a follow-up to his controversial op-ed. For Singleton, time has helped change his stance on Trump.
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SoFi officially locks in $500 million investment led by Silver Lake

Brings SoFi’s total equity funding to $1.9 billion
SoFi locked in another massive funding deal, being it’s total equity funding to $1.9 billion. While the deal includes a familiar name, it’s private-equity firm Silver Lake that led the deal. Mike Cagney, SoFi co-founder, chairman, and CEO, touches on where the online lender plans to go from here.
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Ten-X predicts fall in February’s existing home sales

Limited inventory starts to take its toll
Existing home sales shot up in January, but don’t expect the following months to follow suite. At least, not according to Ten-X’s Nowcast prediction. And from the looks of January’s pending home sales, the report is on the right track. As one expert put it: you can’t buy a home that’s not for sale.
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NAFCU to CFPB: Pull credit unions out from under your authority

Credit unions continue cry for regulatory relief
Credit unions got looped in with the rest of the industry after the financial crisis, falling under the new industry watchdog dubbed the Consumer Financial Protection Bureau to ensure such extreme lending would never happen again. The only problem is that credit unions believe they never contributed to the crisis.
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Warren Buffett gives us all an update on his stake in affordable housing

Time for annual, public letter to Berkshire Hathaway shareholders
Every year billionaire investor Warren Buffett releases an annual letter to Berkshire Hathaway shareholders, unraveling the inner workings of his conglomerate’s performance. The 29-page document details the status of Clayton Homes, which specializes in manufactured homes, a key industry in fixing the affordability crisis.
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Pending home sales hit lowest level in a year

Struggle with insufficient supply levels
Pending home sales dropped in January to its lowest level in a year as the lack of housing supply fought against the increasing buyer demand. While demand for homes is at its highest point since the Great Recession, affordability may force buyers into less expensive locations or smaller homes.
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