Dodd-Frank Reform Could Make It Easier to Get a Mortgage

(TNS)—It should be easier for you to get a mortgage now that President Donald Trump has signed legislation that will lift lending restrictions on community banks. Congress on Tuesday voted in favor of rolling back Dodd-Frank banking rules, and Trump signed it Thursday. The reforms will ease some of the mortgage laws from the Dodd-Frank […]

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Dodd-Frank Reform Could Make It Easier to Get a Mortgage

(TNS)—It should be easier for you to get a mortgage now that President Donald Trump has signed legislation that will lift lending restrictions on community banks. Congress on Tuesday voted in favor of rolling back Dodd-Frank banking rules, and Trump signed it Thursday. The reforms will ease some of the mortgage laws from the Dodd-Frank […]

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Trade Concerns Unwarranted? Chinese Foreign Investment in Real Estate to Remain on Track

Fears over a growing trade war between the U.S. and China have been escalating over the past month, prompted by President Trump’s plans to impose a tax on steel and aluminum from China and other countries. Both sides have threatened to impose tariffs on a variety of other products, creating a volatile stock market environment. […]

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Americans ‘Concerned’ About Homeownership in Light of Tax Bill

Americans are concerned about homeownership in response to the Tax Cuts and Jobs Act, according to new realtor.com® research. The legislation, awaiting President Trump’s signature (at press time), passed on Wednesday this week. More than one-third (36.2 percent) of respondents to a realtor.com survey, conducted Dec. 18-19 prior to the passage, were “concerned” about being […]

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House Republicans Pass Tax Bill, Real Estate Industry Continues Fight for Homeowners

After much conversation revolving around tax policy, and anticipation from the Republican Party to successfully pass tax legislation by end of year, House Republicans passed their controversial tax overhaul plan in a successful 227-205 vote. President Donald Trump visited Capitol Hill on the morning of the announcement to promote the legislation. The Senate will still […]

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Trump Administration Proposes 2018 HUD Budget

The Trump Administration on Tuesday announced its 2018 proposed budget for the U.S. Department of Housing and Urban Development (HUD), scaling back funding to the agency approximately 13 percent to $40.68 billion. The proposed budget preserves rental assistance for 4.5 million low-income households, but recommends reforms to the Housing Choice Voucher (HCV), Housing for the […]

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Real Estate Industry Sounds Off on Trump Tax Plan

President Trump’s proposed tax plan has been met largely with disapproval from the housing industry, with several constituents concerned about a change that would double the standard deduction—and, in effect, invalidate the tax benefits of owning a home. “For roughly 75 million homeowners across the country, their home is more than just a number,” said […]

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Positive Trends to Emerge for Buyers in 2017

In 2016, home prices experienced increases, despite the predictions of many that prices would fall for the first time since the recovery began. Home price gains were buoyed mostly by limited inventory, with entry-level homes being particularly short in supply. Many areas across the country saw sales prices touch their pre-2007 values, while mortgage rates […]

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Who Will Be Most Impacted by Trump’s Proposed HUD Cut?

One of the major casualties of President Trump’s proposed budget cuts to the Department of Housing and Urban Development (HUD) is Section 8 rental assistance, which stands to lose $3 billion. According to data recently analyzed by Trulia, that reduction would hit home—literally—for African-American, urban and young households. Drawing on data from the Census Bureau’s […]

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Home Builder Confidence Harkens Back to 2005

Home builders’ confidence in the new single-family housing market is harkening back to 2005, rising to a reading of 71 in the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI)—the highest level in 12 years. Index readings of 50-plus indicate more builders identify the market as “good” than “poor.” “Builders are buoyed […]

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