The Consumer Financial Protection Bureau, which celebrated its fourth birthday earlier this week, won’t see its fifth birthday if Sen. Ted Cruz, R-TX, has his way.
Cruz, along with Rep. John Ratcliffe, R-TX, introduced a bill in Congress this week that would abolish the CFPB, an agency that Cruz says does not stand up to its name.
“Don't let the name fool you, the Consumer Financial Protection Bureau does little to protect consumer,” Cruz said in a release.
“The agency continues to grow in power and magnitude without any accountability to Congress and the people,” Cruz continued. “The only way to stop this runaway agency is by eliminating it altogether.” -- Ben Lane in HousingWire http://www.housingwire.com/articles/34552-sen-ted-cruz-introduces-bill-to-abolish-cfpb
------------------------------------------------Most home renovation firms that have profiles on Houzz reported that conditions have returned to levels that are about the same or better than pre-recession “normal” levels. -- Brian Anthony in Houzz http://www.houzz.com/ideabooks/51567284
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Shared by Uros Kralj, taken by İlhan Eroglu, Starry night in Stari Most.
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The national index of house prices is now only 1.8% below the peak level of May 2007. -- Brena Swanson in HousingWire http://www.housingwire.com/articles/34570-this-mba-chart-shows-the-real-rise-of-home-prices
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Officials in Corrales, a village just north of Albuquerque, New Mexico, surprised real estate agents this week when they hung black plastic bags over 35 “For Sale” signs in an effort to finally enforce a local ordinance, an article in the Albuquerque Journal said.
“Wouldn’t it have been a nice courtesy if they had emailed Realtors to warn them instead of doing this?” said Robin Riegor, an agent with Coldwell Banker who lives in Corrales and has 21 listings in the village. -- Brena Swanson in HousingWire http://www.housingwire.com/articles/34573-village-now-charges-real-estate-agents-to-display-for-sale-signs
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Shared by James Harrison, taken by Tony Puah. The interior of the Monastery of San Jerónimo de Granada facing the altar.
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Nat'l Real Estate Post:
Seattle is considering Sharia compliant interest free mortgages. (RESPA Violation!)
http://thenationalrealestatepost.com/seattle-considers-sharia-law-compliant-interest-free-mortgages/
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A small Texas bank was handed a large victory this week, when a federal court ruled that the bank is allowed to challenge the constitutionality and authority of theConsumer Financial Protection Bureau. The repercussion of this battle could also have a huge ripple effect on the entire financial market. -- Ben Lane http://www.housingwire.com/articles/34578-small-texas-bank-winning-big-fight-against-cfpb
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Shared by James Harrison, taken by A Lin. Uglich is a small town of Golden Ring located at the picturesque bank of the Volga River. It is one of few Russia's historical and well-preserved riverine tourist destinations. The town became the site of one of the most significant deaths in Russian history. Ivan the Terrible’s young son Dmitry was killed in Uglich in 1591, marking both the end of the Rurik dynasty and the advent of the Time of Troubles.
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Despite market reports of strong median home price appreciation this spring, gains are very uneven and nearly half of homes in 10 of the nation’s largest markets actually lost value in May, according to a report by Weiss Residential Research’s Indexes.
Only 54% of homes in the markets appreciated during May compared to 81% in May 2014, a sign that the downward trend may continue in the coming months. In Denver, the hottest market in the nation, 84% of houses appreciated in May compared to 95% last year. In the Washington, D.C., market, weakest of the top 10, only 34% of houses gained value in May compared to 57% in May 2014.
-- Trey Garrison
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Shared by Juwai
Chinese capital affects world markets, http://bit.ly/1IhN5jT
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Shared by Amazing Places to See, taken by Gary Ellis, County Cork, Ireland.
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