W. J. Mencarow

Federal Banking Agencies Propose Exempting CRE Property Sales of $400,000 or Less from Appraisals

Responding to investor and lender concerns regarding the time and costs associated with completing smaller real estate transactions, the Federal Reserve Board, the Federal Deposit Insurance Corp., and the Office of the Comptroller of the Currency July 19 proposed raising the sale price threshold for commercial real estate transactions requiring an appraisal to more than …

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Foreclosures Down 20 Percent In Past 12 Months

Foreclosure filings, which include default notices, scheduled auctions, and bank repossessions, are down 20 percent from the same period a year ago, according to the Midyear 2017 U.S. Foreclosure Market Report from ATTOM Data Solutions. “With a few local market exceptions, foreclosures have become the unicorns of the housing market: hard to find but highly …

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Rep. Jeb Hensarling Explains The Financial CHOICE Act To Roll Back Dodd-Frank

The Financial CHOICE Act is a bill introduced to the 115th United States Congress in 2017 that would, if enacted, roll back “many of the protections in the landmark Dodd-Frank 2010 federal law, including the “strongest” Wall Street“regulations from the financial crisis.[1] The legislation passed the House 233-186 on June 8, 2017.[2] The massive 600-page[1] …

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