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California bill targeting 'housing-shortage profiteers' by limiting ownership passes Assembly

A bill limiting the number of houses that a corporation can buy has passed the California State Assembly and is now in the state Senate. AB 2584, introduced by Democratic Rep. Alex Lee, would prevent... ...more

Business ,Investments &Mortgage News

May 27, 20243 min read

California bill targeting 'housing-shortage profiteers' by limiting ownership passes Assembly

Why technology has not transformed building

If you took a worker from a 1920s construction site and transported them to a present day project, they would not be that surprised by what they saw, according to Sam O’Gorman. "Overall, across Europ... ...more

Investments ,Mortgage News

May 26, 20245 min read

Why technology has not transformed building

One of the biggest U.S. lenders is offering 0%-down-payment mortgages for first-time home buyers. Here’s the catch.

Home buyers will be able to buy a home without putting any money down under a new program launched by United Wholesale Mortgage, one of the largest U.S. mortgage lenders. The Pontiac, Mich.-based com... ...more

Mortgage News

May 26, 20246 min read

One of the biggest U.S. lenders is offering 0%-down-payment mortgages for first-time home buyers. Here’s the catch.

Veterans Affairs Signals Temporary Suspension of Buyer Agent Payment Ban

Official says the department will temporarily allow VA buyers to directly compensate their agent. ...more

Business ,Investments &Mortgage News

May 26, 20242 min read

Veterans Affairs Signals Temporary Suspension of Buyer Agent Payment Ban

Remarks by FDIC Chairman Martin Gruenberg on the Fourth Quarter 2023 Quarterly Banking Profile

Our first chart shows that full-year 2023 banking industry net income fell modestly from 2022, but remained above income levels reported prior to the pandemic. Net income totaled $256.9 billion in 202... ...more

Business ,Investments &Mortgage News

May 15, 202414 min read

Remarks by FDIC Chairman Martin Gruenberg on the Fourth Quarter 2023 Quarterly Banking Profile

A New Jersey homebuilder who pays his workers over $100,000 wants young people to know construction can be a lucrative career that doesn't require college — and businesses are desperate to hire

When Michael Bodei went into construction 31 years ago, it was a faster way to make the kind of salary he wanted than becoming a lawyer, the other career option he was weighing. Bodei's family has be... ...more

Investments ,Mortgage News

May 13, 20244 min read

A New Jersey homebuilder who pays his workers over $100,000 wants young people to know construction can be a lucrative career that doesn't require college — and businesses are desperate to hire

19 IRS Red Flags: What Are Your Chances of Being Audited?

As you're getting ready to file your tax return, you may be wondering about the chances that the IRS will audit your return. Your fear might be heightened, knowing that the Inflation Reduction Act, en... ...more

Business ,Investments &Mortgage News

May 13, 202418 min read

19 IRS Red Flags: What Are Your Chances of Being Audited?

The FDIC change that leaves wealthy bank depositors with less protection

Affluent Americans may want to double-check how much of their bank deposits are protected by government-backed insurance. New rules implemented last month capped what the Federal Deposit Insurance Co... ...more

Business ,Investments &Mortgage News

May 05, 20243 min read

The FDIC change that leaves wealthy bank depositors with less protection

The Perils of the Fed’s Vast Bond Holdings

The Federal Reserve is engaged in a colossal transformation of the financial economy. Yet scarcely anyone is noticing. What it’s doing is like walking a herd of elephants through Midtown Manhattan wi... ...more

Investments ,Mortgage News

May 05, 20247 min read

The Perils of the Fed’s Vast Bond Holdings

CFPB Finds 15 Million Americans Have Medical Bills on Their Credit Reports

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today released research showing that 15 million Americans still have medical bills on their credit reports despite changes by Equifax... ...more

Business ,Investments

April 30, 20243 min read

CFPB Finds 15 Million Americans Have Medical Bills on Their Credit Reports

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