CFPB Continues Use of 'Mystery Shoppers' [VIDEO]

The CFPB and the Department of Justice announced a joint action against BancorpSouth Bank for discriminatory mortgage lending practices that harmed minorities, which was discovered using the “mystery shopper” tactic, according to a press release. “Yes, they are still using mystery shoppers but they
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The Manhattan housing market proved to be relatively stable in 2017, with both prices and sales volume remaining virtually unchanged from the previous year. But in 2018, Manhattan homebuyers could see prices move in a direction they haven't since the Great Recession — down. That's according to a
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“Gino has been a successful Branch Manager for more than three years, bringing his government lending expertise, as well as numerous long-term real estate relationships with him. His goal has always been to grow GSF Mortgage in the Western and Central PA markets. His promotion to area manager
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Anyone traveling northbound across the Ravenel Bridge will soon have something else to look at through the windshield. A groundbreaking for a new five-acre development which includes a hotel and office space took place Tuesday. It will be located in the area bounded by Johnnie Dodds Boulevard
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NORTHAMPTON — Lisa Palumbo, a Realtor in the Valley since March 2005, joined Delap Real Estate on Nov. 20 and will work as a buyer's and seller's agent, covering Hampshire, Franklin, and Hampden counties. A resident of Northampton for 25 years, Palumbo most recently worked as the
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UPDATED, Dec. 13, 10:00 a.m.: Normandy Real Estate Partners secured a $170 million mortgage from SL Green Realty to fund the acquisition and redevelopment of ABC Carpet & Home's headquarters in the Flatiron District. The investment firm is paying $133 million for the property at 880-888
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JLL signed a deal with a firm that analyzes pings sent from mobile devices to track consumer shopping habits, the latest indication that the notoriously low-tech commercial real estate industry moving to catch up with the times. The world's second-largest CRE services firm cut the two-year deal with
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Fannie Mae and Freddie Mac, the nation's behemoth mortgage industry GSEs, have been in government conservatorship for almost a decade following the global financial crisis in 2008. They contribute to the Housing Trust Fund. “By allowing the GSEs to retain earnings is beside the point,” Rep.
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Dozens of residents of the Cooper Park Houses turned out Tuesday night to voice opposition to the plan, under which the New York City Housing Authority would lease out a long, narrow parking lot on the edge of the property to a developer, who could then build a mix of subsidized and market-rate
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WASHINGTON — The mortgage and real estate industries are hopeful that the Federal Housing Administration is moving more aggressively to revive its … For example, while the National Association of Realtors welcomed the lower owner-occupancy requirements, the group raised concerns over
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Despite the growing competition from banks, Fannie Mae and Freddie Mac remain the major lenders in the multifamily market, holding 37% of all outstanding mortgages in the sector as of Sept. 30, according to Federal Reserve data. Fannie Mae and Freddie Mac “remain the most competitive on the
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The broad parameters of the deal call for cutting the top tax rate for the wealthy from 39.6 percent to 37 percent, slashing the corporate rate to 21 percent and allowing homeowners to deduct interest on the first $750,000 of a new mortgage. One congressional aide said the deal was contingent on
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“We've got other taxation measures designed to reign in speculation, we're going to build 100,000 affordable homes, reform the rental market, build more state housing – there's a whole range of reforms designed to settle the housing market down and give young Kiwis a crack at their first home.”.
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One of the sectors that were hardest hit was real estate where, despite a number of projects breaking ground, uptake remained suppressed for most of the year. According to players in the local real estate sector, prolonged drought, lack of access to credit and a lengthy electioneering period saw the
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On Dec 12, shares of Adtalem Global Education Inc . ATGE rallied to a 52-week high of $45.20. … The company has also outperformed the industry in each of the 4-week, 12-week and 52-week time frames. … In fact, the company has made steady progress in reducing its exposure to Title IV funding.
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Beyond Champagne (and sparkling wine ice cream), you need another dazzler for your gilded New Year's Eve party — glittery fortune cookies! And these are made with just three ingredients: cookies, white chocolate, and assorted sprinkles. The key is sourcing fortune cookies with messages that really
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Analysis by Moody's has identified the 10-year average cumulative default rates of 9.4% and 10.3% for two subsets of EMDE projects, in line with those of Ba1-rated corporates. Across subsets, the average ultimate recovery rates are consistent with the 79.5% average for the total study data set of project
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Carl D'Ammassa, group managing director for business finance at Aldermore (pictured above), said it was delighted to have reached such a significant milestone and thanked its broker community for the opportunity to increase its lending to UK businesses. “SMEs are the backbone of the economy and it
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A former UBS Group AG senior strategist for commercial mortgage-backed securities developed suicidal thoughts and felt like a “pariah” in the industry after his 2012 firing and later lawsuit against the Swiss bank, a psychiatrist told a jury. Trevor Murray claims in the suit that the CMBS trading desk at
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13, 2017 /PRNewswire-USNewswire/ — In recognition of its commitment to diversity and inclusion, Northwell Health was selected to Fortune's annual Great Workplaces for Diversity list, ranking 55th out of 100 organizations. The list includes some of the most recognizable global brands across a number
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