Happy Valentine’s Day, Mr. President. Another Executive Order (EO) bites the dust. This time the EO issued for Reducing Regulations and Controlling Regulatory Costs. According to a memorandum issued by the Office of Information and Regulatory Affairs’ acting Administrator, Dominic Mancini, the requirements outlined in Section 2 of the EO do not apply to all agencies. One agency that is…
The Consumer Confidence Index, as measured and reported by the Conference Board of New York, slipped slightly in January after hitting a record high in December. This may be somewhat due to consumers settling in after the November elections. Although the Expectations Index fell to 99.8 from 106.4, the Present Situation Index actually increased to 129.7 from 123.5. So, it…
Here’s a great opportunity to help someone; while helping yourself. With all of the military actions over the past several years, there are now millions of veterans who are in need of home financing. Many of these vets are blocked from traditional conventional loan programs due to some credit dings resulting from their time in service, and the upfront costs…
Remax announced the creation of Motto Mortgage as a franchise based mortgage lending operation to be offered to Remax Real Estate franchise owners. I wrote about this in my blog of January 18, 2017. (New Twist) Now, here comes another Real Estate Brokerage offering their home buyers an end-to-end one-stop shopping experience. Seattle-based, Redfin, which services over 80 markets throughout…
There’s been much speculation surrounding President Trump’s Executive Order calling for the review of Dodd-Frank. This could include anything from amendments to the rule, the elimination of the CFPB, to an outright repeal of the Act. No one really knows for sure exactly what will happen. One thing we do know is that when the order was signed by the…
The headline read: “President Trump Signs Order to Start Dismantling Dodd-Frank.” Say what? Dodd-Frank is a law passed by Congress. To dismantle it, as reported, would take an Act of Congress as well. This is not something that can be changed by any President with the stroke of a pen. So, let’s take a closer look at what the President actually…
