A new report from Realtor.com shows that investors who initially acquired foreclosed homes in bulk post-housing crisis, have now begun to cash out or slow the rate of their acquisitions. Examining the 50 largest metros in the U.S., Realtor.com investigated sales transaction data in order to better explain the national decline in investor activity. “The …
Are Foreclosure Investors Pulling a Disappearing Act? Read More »
The volatile housing market of the past 15 years is widening the divide between pricey urban and coastal areas and more affordable inland regions. Much of the spoils of the recent boom have been concentrated in pricier markets. Homes in ZIP Codes where the median value is $500,000 to $1 million are now worth 103% …
WASHINGTON—A battle is intensifying over the future of Richard Cordray, the head of the Consumer Financial Protection Bureau, as Republicans search for any past transgressions that would allow President-elect Donald Trump to fire him. Mr. Cordray, a former Ohio attorney general, is admired by consumer groups and disliked by many GOP lawmakers and financial-industry players …
WASHINGTON—Idaho Republican Sen. Mike Crapo is a rare dealmaker who has negotiated across the Capitol’s partisan divide. Texas GOP Rep. Jeb Hensarling’s record has been defined more by trying to cut government than cutting deals with Democrats. The fate and shape of the sweeping financial deregulation promised by President-electDonald Trump—and eagerly anticipated by investors pushing up bank stocks—hangs on …
What does a Trump presidency mean for note and real estate investors and lenders? The transition team says that he “will be working to dismantle the Dodd-Frank Act.” One of the leading critics of Dodd-Frank, Congressman Jeb Hensarling, is a key advisor. Trump has also tapped long time Dodd-Frank opponent Paul Atkins to advise him on financial regulation. And his nominee for …
The political independence of the Consumer Financial Protection Bureau may end not with a bang — after a protracted battle in Congress — but with a whimper, the victim of a bureaucratic rule that prevents the agency from appealing a pending court case to the Supreme Court. The D.C. Circuit ruled in October that the …
CFPB On Collision Course with Trump’s Justice Department Read More »
While short on details, Trump has promised less financial regulation in order to promote economic growth. Indeed, the President-elect’s transition website states that the incoming administration will have a plan to “dismantle the Dodd-Frank Act.” In addition to Mnuchin, Vice President-elect Mike Pence, and certain House Republicans who have been critics of the CFPB, will …
What’s The Future For The CFPB? Looks Like Politics As Usual Read More »
Have you ever thought about investing in a rock-and-roll fantasy camp, dressage horses or an office building in Shanghai? Well, some investors are doing these things and saving on taxes at the same time. These intrepid souls are venturing far off the trodden path through self-directed IRAs. Of the $7.6 trillion that Americans have invested …
Self-Directed IRAs Can Invest In Almost Anything From Notes To Goats Read More »
The number of equity-rich homeowners continues to grow, shows one study. Homeowners holding at least 50 percent of equity in their homes rose by 2.6 million compared to a year ago, according to new data from ATTOM Data Solutions in the third quarter. By the end of the third quarter, according to the study, there …
The 5 States With The Most Potential Seller Notes Read More »
President-elect Donald Trump owns a helicopter in Scotland. To be more precise, he has a revocable trust that owns 99% of a Delaware limited liability company that owns 99% of another Delaware LLC that owns a Scottish limited company that owns another Scottish company that owns the 26-year-old Sikorsky S-76B helicopter, emblazoned with a red …
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