Cuomo’s Eviction Moratorium Went Too Far, Landlords Say

Published by Law360 on June 24, 2020 New York Gov. Andrew Cuomo overstepped his authority when issuing a 60-day moratorium on evictions amid the COVID-19 pandemic, and the governor’s order denies landlords their contractual right to court, a lawyer representing landlords challenging the order told a federal judge on June 24th. Mark Guterman of Lehrman …

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Dodd-Frank and Note Investments

Here’s a special report on how the Dodd-Frank law affects note investments.  It’s written by Ric Thom. PAPER SOURCE JOURNAL subscribers were the first to receive this information on Dodd-Frank.  This is an example of one of the benefits of receiving the JOURNAL each month.  For information, see the Journal tab above at https://papersourceonline.com/ Ric Thom is one …

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Supreme Court Rules CFPB Structure Unconstitutional

The Supreme Court ruled Monday June 29 that the structure of the Consumer Financial Protection Bureau (CFPB) is unconstitutional, but it can keep operating under new rules. “The CFPB’s single-Director configuration is also incompatible with the structure of the Constitution, which—with the sole exception of the Presidency—scrupulously avoids concentrating power in the hands of any …

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Rents are softening nationwide — but here’s where they are falling the most

Published June 27, 2020 by MarketWatch | Written by Jacob Passy The economic fallout from the coronavirus pandemic has made the high rents in some parts of the country untenable With record numbers of Americans out of work because of the coronavirus pandemic, rents are decreasing in many parts of the country. Apartment List, an …

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FHFA: Home prices continued to rise even as the coronavirus pandemic swept across America

Published June 24, 2020 by MarketWatch | Written by Jacob Passy ‘It’s likely housing will feel the broader economy’s downturn eventually,’ one economist says Home prices have continued to increase throughout the coronavirus pandemic, despite the hurdles the outbreak caused for the real-estate industry. The Federal Housing Finance Agency house price index rose 0.2% on …

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Benchmark 30-year mortgage rate falls to another all-time low

Published by Bankrate.com on June 17, 2020 Mortgage rates reached a new all-time low last week. The benchmark 30-year fixed-rate mortgage dipped to 3.43 percent, a new record, according to Bankrate’s weekly survey of large lenders. This is the third week in a row that rates have fallen to a new low. The 30-year fixed-rate …

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Buyer Beware: Arlington woman scammed out of rental home — twice

By Steve Noviello  Published June 10 Sally Tackett thought she found the perfect house in Arlington in the right neighborhood and at the right price. Tackett really needed a break after, according to the police report she filed, she had just gotten scammed on a different house for rent. “We were doing everything by text and email,” …

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