From Alan Zibel and Nick Timiraos at the WSJ: Watchdog to Set Loan Rules This week, the Consumer Financial Protection Bureau will define standards that all mortgage lenders are likely to follow when originating home loans. … The rules don’t specify a minimum down payment and instead focus on ensuring that banks document borrowers’...
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Tuesday: Apartment Vacancy Rate
HUD suspends affordable housing apartment firm
The Department of Housing and Urban Development suspended James Grier and Philadelphia-based Mantua Gardens East Inc., a Section 8 apartment complex, from doing business with the government, alleging the company improperly threatened tenants with eviction and withdrew thousands of dollars from reserves without permission. HUD also proposed their debarments to prevent Grier and the...
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