It has been reported that this week, the US financial crisis inquiry commission would be asking questions to Robert Rubin, the former Treasury Secretary. He is known to have played a major role in financial deregulation during Bill Clinton’s government and has kept a low profile from the time when he stepped down as a special adviser to Citigroup, in January 2009. The committee was created by Congress and provided extensive powers in May 2009. The former chief executive of Citi, as well as Alan Greenspan, former chairman of the Federal Reserve Board, Chuck Prince is also going to be questioned by the committee. The arrangement puts forward the committee is tapering the scope of its inquiry in front of a final report to Congress in December.
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The FDIC announced Wednesday that it reached a settlement with HomeStreet Bank after an investigation found that HomeStreet had paid kickbacks to real estate agents and homebuilders in exchange for their mortgage business.
Arizona-based iBuyer Offerpad recently announced its latest feature, one that allows homebuyers to customize their homes before moving in. According to company, consumers, upon selecting an available listing through the company’s app or website, will be able to select and visualize customization options.