Cleveland, Detroit Top Rental Investment Markets
A recent report revealed that the nation’s top grossing single-family rental markets are mostly noncoastal, Midwestern states, with Cleveland, Ohio, taking the top spot. At No. 2 and 3 were [...]
Morgan Stanley Makes Headway on NY Settlement
Morgan Stanley has now completed 77 percent of its consumer relief obligations per its legal settlement with the State of New York. With the recent approval of nearly $200 million [...]
Carson: Housing Funding to be Included in Infrastructure Bill
On Monday at the National Low Income Housing Coalition conference in Washington, HUD Secretary Ben Carson stated that the Trump administration will include housing funding in the infrastructure bill. Carson [...]
Single-Family, Overall Construction Spending on Uptick
Single-family construction is up 1.2 percent over January and 3.4 percent over the year, according to recent U.S. Census data. Spending in this sector rose from $248 billion to $254 [...]
Equity To Borrowers Hits 11-year High
Rising home prices nationally have created the strongest equity economy since 2006, according to a new report by Black Knight. Borrowers have nearly $5 trillion in equity to tap into, [...]
The Week Ahead: Hope For Credit Growth
The Federal Reserve will release its February 2017 Consumer Credit survey. Previous studies have revealed that although ejection rates on credit applications declined, consumers still felt pessimistic. For example, February’s [...]
Homeownership Rates Low for Asian, Pacific Islander Demos
Despite rising steadily in numbers over the last decade, the Asian American and Pacific Islander population is showing homeownership rates well below the national average. Rates are also below that [...]
Wells Fargo Litigation Moves Forward
A New York federal judge said that Wells Fargo must face litigation seeking to hold the bank accountable for billions of dollars in claimed investor losses as trustee of residential [...]
In Defense of the CFPB
Several consumer rights groups, legal scholars, and members of Congress submitted amicus briefs to the U.S. Court of Appeals for the D.C. Circuit in the case PHH Corporation v. CFPB, [...]