NAR Calls Housing Market Slump Temporary as Pending Home Sales Fall in March

WASHINGTON (April 29, 2020) – Pending home sales fell in March, seeing expected declines as a result of the coronavirus outbreak, according to the National Association of Realtors®. Each of the four major regions saw drops in month-over-month contract activity and year-over-year pending home sales transactions. The Pending Home Sales Index (PHSI),* www.nar.realtor/pending-home-sales, a forward-looking indicator […]

Agencies Extend Comment Period on Updates to Resolution Plan Guidance for Large Foreign Banks

The Federal Deposit Insurance Corporation and the Federal Reserve Board today announced that they will extend, by 30 days, the comment period for the agencies’ proposed guidance for resolution plans submitted by certain large foreign banks. The extension will allow interested parties additional time to analyze the issues and to prepare comments through June 4, […]

Consumer Financial Protection Bureau Adds Enhancements to Consumer Complaint Database

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today announced the addition of a geospatial view to the Consumer Complaint Database. With this addition, consumers will now be able to view complaints by state with a U.S. map visualization. Consumers have been able to view complaints by using date, company name, key words, and other […]

Freddie Mac Issues Monthly Volume Summary for March 2020

MCLEAN, Va., April 27, 2020 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) announced today that it issued its Monthly Volume Summary for March 2020, which provides information on Freddie Mac’s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities, and other investments. Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital […]

New Home Sales Fall 15.4 Percent in March on Virus Concerns

Sales of newly built, single-family homes fell 15.4 percent to a seasonally adjusted annual rate of 627,000 units in March, coming off a downward revision in February, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The March rate is 9.5 percent lower than the […]

The Congressional Black Caucus Issues Statement on New Emergency Interim Aid Senate Bill

The Congressional Black Caucus issued the following statement in response to the emergency Interim Aid Bill from the Senate: The Congressional Black Caucus supports the additional resources for small businesses included in the latest federal response to COVID-19 and congratulates Speaker Pelosi and Democratic leadership for ensuring the inclusion of $75 billion in emergency funding […]

Realogy Executive Jason Riveiro Installed as Chairman of NAHREP®’s Corporate Board of Governors

Riveiro to lend valuable market insight intelligence and business development expertise in advising NAHREP WASHINGTON, D.C.—The National Association of Hispanic Real Estate Professionals® (NAHREP) announced today that Realogy Holdings Corp. executive Jason Riveiro was installed to chair the organization’s 2020 Corporate Board of Governors. In this role, Riveiro will lead the organization’s connection with its most valued corporate partners […]

Waters Statement on the Passing of Paul Volcker

WASHINGTON, D.C. – Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement on the passing of Paul Volcker. “I am deeply saddened by the news that Paul Volcker, former Chairman of the Federal Reserve and outspoken advocate for financial reform, has passed away. Chairman Volcker was a dedicated public […]