SFL Real Estate News- New Aug 1 disclosure rules postponed until Oct.1

SFL Real Estate News- New Aug 1 disclosure rules postponed until Oct.1

SFL Real Estate News- New Aug 1 disclosure rules postponed until Oct.1

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TODAY'S TOP STORIES

New Aug. 1 disclosure rules postponed until Oct. 1

CFPB announced the change yesterday, noting that the postponement doesn't cancel the previously announced enforcement buffer period for "good faith" compliance. Read more.

Housing trust funds get boost in state budget

Fla. lawmakers are poised to vote on a $78.7 billion state budget tomorrow. It includes $175M for affordable housing – the highest amount in eight years. Read more.

When will Fed raise short-term interest rates?

The Federal Reserve yesterday noted a strengthening economy and suggested interest rates that impact ARMs and influence FRMs will likely go up this year. Read more.

Foreclosure backlog eases, lenders take more homes

RealtyTrac: Fla. still has more homes in foreclosure than anywhere in the country, but the number of closed cases rose sharply in May. Read more.

U.S. regulators limit mortgage business for 6 banks

JPMorgan Chase, Wells Fargo, U.S. Bank, HSBC, Santander and EverBank haven't fully complied with mortgage regulations, says a Treasury Dept. office. Read more.