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Republican Representative Jeb Hensarling penned a dramatic op-ed denouncing the Consumer Financial Protection Bureau or CFPB in terms usually reserved for condemning tyrannical, intolerant autocratic regimes. The op-ed in The Wall Street Journal this week denounced the "tyranny" of the Consumer Financial Protection Bureau and the "zealots" who work at the regulator. Inspired by Senator Elizabeth Warren, the CFPB was created by the 2010 Dodd-Frank Wall Street reform law as a way to safeguard Americans from predatory lending that hurt many before the 2008 financial meltdown.
What is up with the future of housing in the US and other real estate industry news ?
Top Headlines in Real Estate this Week
Here are this week's headlines as of today, and for full stories with pictures or details see top real estate stories in the nation with the most recent news listed first:
1. Wed, 15, Feb, 2017 12:00 EST GOP declares all-out war on Elizabeth Warren's agency the Consumer Financial Protection Bureau. Republican Rep. Jeb Hensarling penned a dramatic op-ed denouncing the Consumer Financial Protection Bureau or CFPB in terms usually reserved for condemning tyrannical, intolerant autocratic regimes. The op-ed in The Wall Street Journal this week denounced the "tyranny" of the Consumer Financial Protection Bureau and the "zealots" who work at the regulator. Inspired by Senator Elizabeth Warren, the CFPB was created by the 2010 Dodd-Frank Wall Street reform law as a way to safeguard Americans from predatory lending that hurt many before the 2008 financial meltdown.
2. Thu, 09 Feb 2017 14:40:21 EST Mortgage lender fined $3.5 million for kickback scheme The Consumer Financial Protection Bureau has ordered mortgage lender Prospect Mortgage to pay a $3.5 million fine for illegal kickbacks to real estate brokers and agents.
3. Tue, 31 Jan 2017 16:58:20 EST Trump administration suspends mortgage premium rate cut The Department of Housing and Urban Development has suspended the reduction of annual mortgage insurance premiums that was supposed to go into effect
4. January 27. Sat, 21 Jan 2017 10:16:35 EST Why it takes years to save for a down payment Coming up with a 20% down payment for a median-price home costs buyers two-thirds of their annual income, according to a new Zillow report.
5. Fri, 13 Jan 2017 20:39:54 EST Government-backed mortgages are about to get cheaper The Federal Housing Administration will reduce the annual mortgage insurance premiums borrowers pay when taking out a low down payment home loan that is insured by the government.
Realtor.com has reported that the Phoenix, Arizona metro market including Scottsdale is set to lead all major metro markets in the United States in year over year price increases for homes during 2017. For more about my area of real estate in Arizona: Arizona Homes For Sale or Scottsdale Homes For Sale.
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