HUD investigates Facebook (again) over housing discrimination ads

HUD investigates Facebook (again) over housing discrimination ads

“Secretary Carson has directed HUD's Office of Fair Housing and Equal Opportunity to re-open its investigation into Facebook's advertising practices,” HUD told HousingWire. “Since our initial investigation, we have learned more about these practices that warrant a deeper level of scrutiny. At this point
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How to Avoid a Retirement Disaster

The $140 billion drop in the value of General Electric Co.'s stock price during the past year gets the full human interest treatment in the Wall Street Journal. I don't want to minimize the deep individual suffering of those who had their retirement savings tied up in GE's stock, but it is as good a time as any to
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Brainstorm Health: Trump Delays Drug Price Speech, Hepatitis A Outbreak, Romaine Lettuce

… such lettuce across the country amid an E. coli outbreak. The outbreak reportedly stems from contaminated lettuce grown in Yuma, Arizona. In the meantime, you're going to have to settle for iceberg and other varieties unless you're absolutely sure the greens you're getting aren't from Yuma. (Fortune).
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Waterton plans $2.5 billion investment in multifamily housing

The firm said the fund will seek to invest in urban and suburban multifamily housing in major markets in the U.S., with a planned emphasis on well-located, middle-income housing. “The program continues to capitalize on cycle-specific opportunities, such as the growing affordability gap between existing
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Yes Bank boosts digital lending through Paisabazaar API integration

India's Yes Bank has moved to smooth out its digital lending processes through an API-based integration with Paisabazaar, a marketplace for loans and cards. The API enables the Paisabazaar platform to integrate directly into Yes Bank's core processing systems. This means that when a customer picks
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Lynn's Hood school gets $5.8 million for repairs

LYNN — The Hood Elementary School is about to get an overdue $5.8 million facelift. “It's very necessary,” said Gayle Dufour, principal. “The school was built in 1961 and it's time.” The two-story, 48,700-square-foot school on Oakwood Avenue, which serves 487 students in grades K-5, will get a new
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Interest-only mortgage reset to add extra $7000 per year, RBA says

The remarks come just over a week after the Reserve Bank revealed that around 30 per cent of all outstanding national mortgage debt will be subject to the reset from interest-only loans to principal and interest loans, which some have likened to the surge in adjustable-rate loans that triggered the 2008
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Tax bill will slash by half the number of homeowners claiming the mortgage deduction

An estimated 13.8 million taxpayers will be able to use the mortgage interest deduction in 2018, down from more than 32.3 million last year. Watch CNBC Live TV. You May Like. ‹ › Latest Video. ‹ 01:24. Vaping decimating cigarette industry and could get worse. 01:24 | 5 Mins Ago. Vaping decimating
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Luxury project near Fort Lauderdale's North Beach gets $23 million lift

A luxury boutique condo project — originally announced two years ago for the Fort Lauderdale North Beach area — is now moving forward after its developer received $23 million in financial support from private backers in South Florida and Canada. The project, called 30 Thirty North Ocean and
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New Mortgage Servicing Rules for “Successors in Interest”

Effective as of April 19, 2018, successors in interest to property secured by mortgage loans that are covered by the Real Estate Settlement Procedures Act (“RESPA”) and Truth In Lending Act (“TILA”) now have certain rights under those acts. These amendments are part of the Consumer Financial
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Arsenal Could See Short-Term Pain After Wenger's Reign Concludes

The soccer world may be wondering who will replace Arsenal's legendary manager Arsene Wenger when he steps down at the end of the season. But first the team could use a good accountant. Arsenal Football Club, which has gone more than 100 years without being relegated from top-flight English
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Mortgage Debt Levels Spike Toward Levels Not Seen Since Housing Crash

Fannie Mae and Freddie Mac are increasingly approving loans for applicants with debt-to-income ratios of up to 50%. The lending corporations also have been guaranteeing with loans with low down payments. Applicants can pay down as little as 3% for mortgage loans down payments with the lending
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Javer Announces Growth in Volume, Revenues and EBITDA

MONTERREY, Mexico–(BUSINESS WIRE)–Servicios Corporativos Javer S.A.B. de C.V., (BMV: JAVER) (“Javer” or “the Company”), the largest housing development company in Mexico in terms of units sold, today announced financial results for the first quarter (“1Q18”) ended March 31, 2018.
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Fortress used one-third of investors' money for commissions, fees: documents

More than one-third of the money raised from investors to provide syndicated mortgage loans for Fortress Real Developments Inc.'s building projects was paid out as cash commissions to salespeople and as consulting fees to Fortress, new court documents say. The court filings show Ontario's financial
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The new tax law gives rental property owners some breaks — and one important negative change

Exception: As under prior law, you still face a 25% maximum federal income tax rate (instead of the standard 20% maximum rate) on long-term real estate gains attributable to depreciation deductions.
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2 powerful forces are working against home affordability

Two dynamics are restricting housing supply this spring, namely an increasing number of homeowners are rate-locked, and the prisoner's dilemma facing homeowners. The supply squeeze is already impacting the market. Existing-home sales, which account for roughly 90 percent of U.S. home sales,
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Why buying Fairtrade cotton matters

The organization, which is the U.S. chapter of Fairtrade International and different from Fair Trade USA, has released a 12-minute video on YouTube called “Unraveling the Thread: The Story of Cotton.” It is all about cotton clothing, how it's made, and why we as shoppers should care about ensuring that
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Big Banks Are Backing Away From Commercial Real Estate

Much of the recent lending volume has also been in the form of refinancing as owners seek to take advantage of a historically low-interest-rate environment. As rates go up, that volume of refi is going down. Finally, CRE lending is not quite as lucrative as it once was. Demand for loans has softened
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Palm Beach County home prices hit post-crash high

The average rate for a 30-year mortgage rose to 4.47 percent last week, the highest level since January 2014, lending giant Freddie Mac said Thursday. “It is very much still a seller's market in Palm Beach County as the median sales price continues to increase and inventory tightens,” said Jeffrey Levine
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Fortune Factor Fires Up Vaal Tuesday

A former champion jockey and one of the great characters of the modern game in this country, Andrew Fortune says he will be a proud man when his wife Ashley saddles her first runner at the Vaal on Tuesday. A great friend of the Fortune family, Piere Strydom will do the honours when he throws a leg
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