Should Real Estate Agents Drive Fancy Cars?

Should real estate agents drive around in fancy cars?

Question answered on Realtor Reddit thread

-- Jacob Gaffney in HousingWire http://www.housingwire.com/blogs/1-rewired/post/34207-should-real-estate-agents-drive-around-in-fancy-cars

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The House Rebublicans fight to control the CFPB
Republicans have long sought to bring the agency's funding under congressional control, arguing its current funding structure makes it unaccountable to Congress. Agency backers argued that Republicans would simply look to stifle the agency with budget cuts with that control, and noted that other banking regulators also have funding arrangements that fall outside congressional purview.
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Shared and taken by Pasi Hortoma, Finnish Shed, somewhere in Finland.

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Can the Credit Bureaus Finally be Tamed

WASHINGTON — A landmark agreement signed by one of the country's largest credit bureaus and hailed by federal and state officials as a "tough fix-it order" was supposed to usher in a new era where such firms would clean up inaccuracies and better respond to consumer complaints.

But nearly 25 years after the deal in question was penned with TRW, now known as Experian, and despite two subsequent legislative overhauls, glitches in the credit reporting system remain widespread.

 

-- Victoria Finkle in American Banker

http://www.americanbanker.com/news/law-regulation/can-the-credit-bureaus-finally-be-tamed-1075253-1.html?zkPrintable=1&nopagination=1
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HUD's Social Engine

......market pricing is now considered discrimination.

In fact, any neighborhood that doesn’t meet with the approval of a demographic spreadsheet model in the bowels of some government bureaucrat’s office is considered discrimination. -- Trey Garrison in HousingWire http://www.housingwire.com/blogs/1-rewired/post/34414-huds-social-engineering-is-coming-to-your-neighborhood

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Shared and taken by Luis Armando Oryzuna, Catedral de la Plata. Interior. Buenos Aires. Argentina.

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Freddie and Fannie
When it comes to the question of how much private capital is necessary in the system, the memo actually suggests 300 to 400 basis points (3% to 4%). Previously, 10% capital was suggested. It should be noted that the GSEs have sent $228 billion cash to Treasury so far, which is more than 400 basis points, if it had been retained. -- David Sims in SeekingAlpha.com
http://seekingalpha.com/article/3120136-fannie-and-freddie-a-new-leaked-treasury-memo-surfaces
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Hud fails to deliver results, fails mission
“Our reviews of public and Indian housing programs since 2012 have identified a number of areas in which PIH could strengthen its program assessments, increase efficiencies, and enhance collaboration efforts. HUD has made progress in implementing some of our recommendations, but additional actions are needed to address others.” Daniel Garcia-Diaz, GAO’s director of financial markets and community investment. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/34443-housing-subcommittee-hud-fails-to-deliver-results-fails-mission
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Shared by James Harrison, taken by Joao Leitao, Machuca Church, Atacama Desert

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“Over the last five months we’ve seen homeowners continually value their homes higher than appraisers,” said Bob Walters, Quicken Loans chief economist. “While each local market has a different story to tell, a large part of this perception gap is likely due to the normalization of home prices. After about a year of home values trending upward, it takes some time for many homeowners to realize home values are stabilizing in their neighborhoods.” -- Trey Garrison in HousingWire http://www.housingwire.com/articles/34471-chasm-developing-between-homeowner-appraiser-opinions
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There were a total of 597,589 U.S. properties with foreclosure filings — default notices, scheduled auctions and bank repossessions — in the first half of 2015, down 13% from the previous six months and down 3% from the same time period in 2014, according to RealtyTrac. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/34489-foreclosure-starts-at-a-10-year-low-in-first-half-of-2015
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Shared by Cristi Banciu, taken by CAANDesign

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The good and humorous people at SelfStorage.com have come up with an infographic that shows exactly how the characteristics of newly built homes have changes in two decades. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/34486-this-1-graphic-shows-how-newly-constructed-homes-have-changed-in-just-20-years