The twelve Federal Reserve Districts weighed in on how their individual markets are doing, painting different housing market conditions. Residential real estate activity was split between them, with sales of existing homes and construction of new homes generally expanding or holding steady in about half of the districts.
Eminent domain at its core is used to seize land to build public necessities; however, when the very company pushing for the product is dropping the ball, it is hard to jump on board the idea that eminent domain is a good idea.
Purveyors of the idea that eminent domain can be used to assist homeowners in distress are facing new allegations that their plan is to profit, not to help. A recent analysis in Richmond, CA is the latest to fuel the fire.
While other state and federal regulatory bodies overlap in their regulation of the mortgage industry, the very particular consumer focus of the CFPB is not duplicated by any other body. Will deregulation mean a return to the Wild West lending atmosphere that led to the financial crisis? What happens next? We asked John Socknat, partner at Ballard Spahr, to weigh in on what mortgage lenders and servicers can expect from a Trump administration.
Amid the potential new direction from the White House, Congress and regulators, leadership in our industry is more important than ever. Which is why HousingWire is proud to present the 40 winners of our 2016 Vanguard award. These leaders from all segments of the mortgage ecosphere demonstrate that our industry is more than capable of meeting the challenges that lie ahead.
The marketplace is full of hard and private money lenders — it will come down to who can best assist investors in completing their goals, whether that be by providing quicker close times, or with more accurate valuations. With how many options there are for borrowers, lenders will need to start competing for marketshare as borrowers shop their situations to multiple lenders, leveraging the offers against each other. This process will force lenders to update their guidelines, or be forced out of the market.