In the Money

Republican lawmakers move to slash CFPB employees' pay

Sen. Mike Enzi, Rep. Sean Duffy introduce bill to cut CFPB compensation
One of Mick Mulvaney’s first actions after he took over as acting director of the Consumer Financial Protection Bureau was to institute a hiring freeze, stipulating that the bureau could not hire any new employees for at least 30 days. But if two of Mulvaney’s former Congressional colleagues have their way, the CFPB’s current employees could be left feeling a freeze of their own – vastly reduced salaries.
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Altisource Residential boosts single-family rental portfolio with $305.1M deal with Amherst

Acquisition of 1,957 homes pushes total portfolio to more than 12,000
Earlier this year, Altisource Residential grew its portfolio of single-family rental homes to more than 10,000, thanks to the second part of a three-part deal with Amherst Holdings. Now, the two companies have completed the third part of that agreement, with a $305.1 million deal that pushes Altisource's portfolio to more than 12,000 properties.
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Senate may vote on tax reform as soon as this week

Will the MID stay or go?
Tax reform is an important, priority issue put forward by the Trump administration. Given that, a vote on a new tax plan could be coming in the Senate soon. Will the mortgage interest deduction stay as is or go down a new road? We may know sooner than later.
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Construction startup Buildup raises $7 million

Service digitizes jobsite management
Buildup, a California-based startup that offers a mobile collaboration and task management platform for construction jobsites, announced recently that it raised $7 million in a Series A funding round. The company said that it plans to use the funding to expand the company's engineering, sales, and marketing teams.
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Radian continues restructuring; sells European mortgage services business

Offloads Clayton EuroRisk to unnamed buyer
Over the last several months, private mortgage insurer Radian Group has undertaken a restructuring effort in its services business, which is conducted through its principal subsidiary Clayton, and Clayton’s subsidiaries: Green River Capital, Red Bell Real Estate and ValuAmerica. On Wednesday, the company announced the latest move in its restructuring efforts.
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