Items Tagged with 'Louisiana'

ARTICLES

  • Angel Oak continues growth by expanding Angel Oak Home Loans into Louisiana

    Lender that offers non-QM options opens two new branches in Louisiana
    Angel Oak Companies, an investment management firm that focuses on mortgage credit and made its name providing residential mortgages that don’t fit into the Qualified Mortgage box, has grown its business significantly over the last few months. And now, the company is about to grow again.
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  • FTC forcefully rejects Louisiana’s request to pause regulatory action over appraisals

    Claims state’s recent actions to repeal appraisal law do nothing to change past
    Last week, the state of Louisiana asked the Federal Trade Commission to pause its legal action over the state’s appraisal laws after the state’s governor and the Louisiana Real Estate Appraisers Board issued complementary orders that addressed the FTC’s charges that the board was stifling price competition by requiring that appraisal management companies follow the state’s established polices for how they pay appraisers. Well, the FTC received that request, considered it, and promptly swatted it out to half court.
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  • Louisiana asks FTC to pause regulatory action while state repeals controversial appraisal laws

    Requests 120-day stay to allow state to implement new policies
    The state of Louisiana may have taken action to directly respond to the Federal Trade Commission’s claim that the regulatory body that oversees property appraisals in the state stifled price competition by requiring appraisal management companies to follow the state’s established polices for the fees that AMCs pay to appraisers, but that doesn’t mean that the FTC is ready to drop the case entirely.
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  • Louisiana repealing controversial appraisal laws after FTC accused state of price-fixing

    Governor calls for increased supervision of Louisiana Real Estate Appraisers Board
    A controversial Louisiana law that governed how much appraisal management companies pay real estate appraisers for their work is now set to be repealed after the state’s governor took action in response to the Federal Trade Commission accusing the state of price-fixing.
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  • FTC accuses Louisiana Real Estate Appraisal Board of violating federal law with fee rules

    Alleges that rules on “customary and reasonable” appraisal fees stifle competition
    The rules established by the Louisiana Real Estate Appraisal Board, the regulatory body that oversees property appraisals in the state, violate federal antitrust laws and stifle competition for appraisal services due to strict requirements to adhere to a “customary and reasonable” appraisal fee schedule, according to the Federal Trade Commission.
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  • Louisiana Senate passes bill to stop affordable housing mandates

    Encourages voluntary negotiations instead
    The Louisiana Senate just passed a bill that would ban local governments from requiring developers to create affordable housing sectors. The creator of the bill explained that instead, it encourages voluntary negotiations between developers and cities to create affordable housing in exchange for incentives such as tax breaks or zoning variances.
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  • Unprecedented Louisiana flooding drastically alters local housing markets

    New displacement sends spike in rental demand
    The havoc wreaked by the flooding in Louisiana is far from over. In fact, it’s really just beginning. The sudden displacement of thousands of families sends some looking for a home away from the flooded areas. What's more, the pool of potential homeowners and properties available for sale are shifting dramatically.
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  • Louisiana man arrested for cyberstalking Realtors

    Sent explicit text messages, attempted to arrange one-on-one meetings
    In a stark reminder of the danger that Realtors and real estate agents face as public figures whose personal information is easily accessible, a Louisiana man was arrested recently for cyberstalking several Realtors. Authorities said that the man sent multiple “harassing, sexually explicit” text messages and attempted to arrange one-on-one meetings with the Realtors.
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