CFPB: 600 million Credit Accounts at Risk

 A Government Accountability Office comprehensive study released by the ranking member of the U.S. Senate Banking Committee confirms that the Consumer Financial Protection Bureau is collecting financial data on up to 600 million consumer credit card accounts, without sufficient security and privacy protections to ensure there is no risk of improper collection, use, or release of consumer financial data.  -- Trey Garrison in HousingWire http://www.housingwire.com/articles/31444-cfpb-collecting-data-on-600-million-credit-accounts-despite-privacy-security-risks
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Nat'l Real Estate Post:  The rich are taking advantage of jumbo loans and really good deals from mortgage lenders.
http://thenationalrealestatepost.com/wealthy-take-advantage-of-jumbo-windfall/?
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Shared by John Brody, taken by Elia Locardi, The beautiful Greek Island of Santorini 

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Among the 578 U.S. counties with a population of at least 100,000, the markets with the highest prevalence of man-made environmental hazards were Saint Louis City, Philadelphia County, Baltimore City, Hudson County, N.J., and Denver County, Colo. The connection between environmental and economic problems in these markets was conspicuous: the average unemployment rate in these markets in June 2014 was 7.5 percent, above the national unemployment rate of 6.1 percent, while the average estimated median household income in 2014 for these counties was $48,811, below the estimated median household income nationwide of $52,912. -- Phil Hall in National Mortgage Professional http://nationalmortgageprofessional.com/news56184/cough-cough-realtytrac-names-markets-worst-environmental-hazards?
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Sales of new single family houses in August 2014 were 504,000 at a seasonally adjusted annual rate, up 18.0 percent from July’s revised rate and up 33.0 percent from August 2013. -- From U.S. Census Bureau News
Raemeka Mayo or Stephen Cooper Manufacturing and Construction Division (301) 763-5160
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Shared and taken by Jacob Surland, Las Vegas the City that never sleeps.

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Senate Said Likely to Take Up Reg Relief Next Year
Regulatory relief legislation that could benefit large and small financial institutions may advance next year, even though banking issues overall are likely to be a low priority in the new Congress, experts said at an National Mortgage News conference Monday.
Large institutions with $50 billion or more assets are considered “too big to fail,” and some lawmakers want to raise that number or draft other criteria so that midsize banks are not overly burdened relative to their riskiness.
http://newstowatch.com/mortgage-realestate/secondary/senate-said-likely-to-take-up-reg-relief-next-year.html
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Sales of new single-family houses in August 2014 were at a seasonally adjusted annual rate of 504,000, up from July’s printing of 427,000, the fastest rate in six years and the biggest monthly jump since January 1992.

This August reading is 18% above the revised July rate and is 33% above the August 2013 estimate of 379,000. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/31467-new-single-family-home-sales-see-biggest-jump-in-22-years

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Shared by Uros Kralj, the Brooklyn Bridge, New York.