The nation’s home builders are distressed, to say the least, about a recent ruling by the National Labor Relations Board defining many subcontractors as “joint employees.” It’s not clear how the new standard will be applied, but builders are predicting that the impact on the homebuilding industry could be “disruptive” and possibly “devastating.” Congressional concerns… Read More »

Although the Consumer Financial Protection Bureau (CFPB) has delayed for two months the implementation date for the new consolidated Truth-in-Lending/RESPA disclosure rules, industry trade groups are still pushing the agency to honor an enforcement grace period during which entities making a good faith effort to comply won’t be penalized for violations. CFPB Director Richard Cordray… Read More »

The Senate Banking Committee has approved a sweeping regulatory relief bill, exempting smaller banks from many of the Dodd-Frank supervisory requirements, establishing markers for the restructuring of Fannie Mae and Freddie Mac, and (of particular significance to title agents), modifying the integrated mortgage disclosure rules (TRID) by waiving the three-day notice required for changes in… Read More »

The Consumer Financial Protection Bureau (CFPB) has no plans to delay enforcement of the new mortgage disclosure rules taking effect August 1. Seventeen industry trade associations, representing real estate and real estate finance professionals, signed a letter asking the agency for a five-month period of “restrained enforcement and liability” extending through the end of this… Read More »

Industry analysts have been arguing for some time that a dearth of available homes for sale was a major reason, if not the only one, for the less than robust housing recovery. But there are signs that this inventory log jam may be breaking up. Despite strong objections from financial industry trade groups, the Consumer… Read More »