More Americans are renting now than at any time during the last half century – largely because many simply can’t afford a mortgage payment on the average home
Canadian buyers help drive a 49% surge
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The investigation adds a new challenge in the bank’s long-delayed sale to M&T Bank, which was also accused of discriminatory lending practices in February.
The association blamed unnecessary federal regulations for preventing first-time homebuyers from entering the market.
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The coming of new regulation never seems to end, and having an effective compliance management system has become an essential to running an effective organization in the industry.
In a speech Wednesday, the outspoken senator called on lawmakers to cap the size of the largest financial institutions and limit emergency lending by the Fed to troubled institutions.