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Troutman Pepper Weekly Consumer Financial Services Newsletter - March 2023 # 4 | Troutman Pepper

To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the Consumer Finance Services industry. ....

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HUD restores 2013 discriminatory effects rule | Orrick, Herrington & Sutcliffe LLP

On March 17, HUD announced the submission of a final rule Reinstatement of HUD’s Discriminatory Effects Standard which would rescind the agency’s 2020 regulation governing Fair Housing. ....

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Lead Source, Sales, Home Equity, Lien Release Products; FHA, VA, USDA, HUD News; Sterling and the DOJ

“Once you lick the frosting off of a cupcake, it becomes a muffin. And muffins are healthy. You’re welcome.” Adding another expense to a transaction is certainly not welcome, yet that’s exactly what was voted into effect by residents of Los Angeles County in November. When you sell a house, paying a 5-6 percent commission to the real estate agent is typical. In LA there’s another 5 percent tax on top of that for high-priced houses to help fund affordable housing. Apparently home sellers in Los Angeles are slashing prices and sweetening deals before a new “mansion tax” goes into effect on April 1. The effect on supply and demand and pricing will be interesting, especially how it impacts the volume of sales. Along those lines, don’t pad your volume numbers, especially if you’re about to go public, otherwise the Department of Justice may come knocking like it did with Sterling Bancorp. (And don’t discriminate. In this e ....

Sheshank Shekhar , Los Angeles , Matt Matsuda , Kevin Quinn , Gibran Nicholas , Ashley Terrell , Andy Walden , Bill Withers , Mark Leslie , Joe Welu , Dan Catinella , Family Housing Guaranteed Loan Program , Mortgage Agency , Justin Clark At Westlake Origination Center , Market Committee , Lexisnexis Risk Solutions Kevin King , Veterans Administration , Plainscapital Bank , Department Of Justice , Computershare Loan Services , Westlake Origination Center , Citizens Correspondent National Bulletin , Sterling Bancorp , Hilltop Holdings , Broker Services , Rural Development ,

HUD Eliminating Fair Housing Act Rule That Never Took Effect

HUD Eliminating Fair Housing Act Rule That Never Took Effect
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Targeted News Service

Targeted News Service
targetednews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from targetednews.com Daily Mail and Mail on Sunday newspapers.

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