The Consumer Financial Protection Bureau is seeking to hold National Asset Advisors and a related company in contempt shows that the agency is proceeding with an investigation into businesses associated with the sale of homes to lower-income borrowers with seller financing. The move also indicates that the bureau, which was established after the 2008 financial crisis, …
G. Edward Griffin explains how inflation results from the Federal Reserve’s money printing scheme and that inflation is a hidden tax. Here is an explanation of the two phases of inflation: 1. New money is created out of nothing by the Federal Reserve and is then loaned out to the federal government. The new money …
A major tax advantage for the commercial real estate industry may be one of the casualties in a sweeping federal tax reform expected this year, The Wall Street Journal reports. Some lawmakers are eyeing the 1031 exchange provision to get the tax-rate cut they seek. The provision allows sellers of real estate and other assets to …
The US Supreme Court has unanimously ruled that any entity that purchases a defaulted loan is not considered a debt collector and thereby is not subject to the rules and regulations set in place by the Fair Debt Collection Practices Act. In the case Henson et al. v. Santander Consumer USA Inc., the petitioners claimed …
Supreme Court: NPN Investors Not Subject To Debt Collection Laws Read More »
The Consumer Financial Protection Bureau this week retreated from an investigation into J.G. Wentworth, a year after suing the financial services firm in Philadelphia federal district court to force the company to disclose thousands of pages of documents. The CFPB had issued the CID to J.G. Wentworth in September 2015 to investigate alleged violations of …
CFPB Backs Off From Investigating J. G. Wentworth Read More »
If it was largely “business as usual” for investors once the initial furor over Dodd-Frank passed, what happens now that the current administration might succeed in repealing the act? According to House Financial Services Committee Chairman Jeb Hensarling (R-TX), the biggest effect of the CHOICE act will be to strip a great deal of power …
3 Ways Dodd-Frank Repeal Will Affect Real Estate & Notes Read More »
A new 50-State Property Tax Comparison Study reveals that cities with the highest property taxes are often those struggling to make ends meet. For example, Detroit, which has the highest effective tax rate on a median valued home (3.82%), has by far the lowest median home value of the cities covered in the report. It …
The US House on Thursday passed the CHOICE Act, reversing much of the overregulation of Dodd-Frank, including the Consumer Financial Protection Bureau (CFPB). Democrats created the CFPB as an independent agency, accountable to no one – not even the president. A single, unelected bureaucrat was inappropriately given jurisdiction over regulating mortgages, credit cards, bank accounts, …
In recent months, real estate professionals have reported an upswing in a particularly insidious wire scam. A hacker will break into a licensee’s e-mail account to obtain information about upcoming real estate transactions. After monitoring the account to determine the likely timing of a close, the hacker will send an e-mail to the buyer, posing …
ALERT: Wire Fraudsters Targeting Real Estate Transactions Read More »
From the May, 2017 PAPER SOURCE JOURNAL: The good news is that the number of seller-held notes of all types created in 2016 was 62% more than in 2009. And notes created in 2016 secured by commercial property and land were down just 3% compared to 2015. The not-so-great news is that the number of newly-created residential seller-held notes dropped 16% in 2016 vs. 2015, according to …
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