June 16, 2017

The Housing Recovery Illusion

What Housing Recovery? Real Home Prices Still 16% Below 2007 Peak http://www.zerohedge.com/news/2017-06-16/what-housing-recovery-real-home-prices-still-16-below-2007-peak Since the financial crisis, home equity has gone from being America’s biggest driver of (illusory) wealth to one of the biggest sources of economic inequality. And while the post-crisis recovery has returned the national home price index to its highs from early 2007, …

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US Treasury attempts to Silence Consumer CFPB Complaints

Treasury Report Recommends Keeping Data From Consumers Grace Donnelly Jun 14, 2017 An agency created to protect the interests of American consumers may be gutted by the Trump administration’s pursuits to cut back federal regulations. The Consumer Financial Protection Bureau, which was created by the Dodd-Frank measures to hold financial institutions accountable for customer grievances …

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Senate Judiciary Committee chair wants answers on where all the mortgage settlement money went

Sen. Grassley asks DOJ to consider clawing back funds June 16, 2017 Ben Lane Earlier this month, the Trump administration’s Department of Justice put a stop to an Obama administration tactic of dictating that some companies send settlement funds to unaffiliated third parties, a practice that Republicans criticized as a “slush fund” operation. Several top …

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