Thank-you to Darrell Jaggers from Centier Bank for taking time educate our real estate team about the changes in banking that may be coming in 2014 and would significantly impact the buyers that we are helping to purchase homes. Since the financial crisis of 2007 & 2008 and the wave of home foreclosures that followed, lawmakers and regulators in Washington have been looking at the home purchasing process.
The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act) established the Consumer Financial Protection Bureau (CFPB) which has as a mission “to protect consumers by carrying out federal consumer financial laws.” Among other things, they write rules, supervise companies, and enforce federal consumer financial protection laws; restrict unfair, deceptive, or abusive acts or practices; take consumer complaints; promote financial education; research consumer behavior; monitor financial markets for new risks to consumers, and enforce laws that outlaw discrimination and other unfair treatment in consumer finance.
As a member of the Indiana Banker’s Association, Darrell and his colleagues work every day to ensure that the regulations that are enacted actually help consumers become homeowners rather than hinder the process with unintended consequences. The National Association of REALTORS and the National Association of Home Builders are heavily involved in the process as well.
As REALTORS, our agents work every day to assist clients with their significant Fort Wayne real estate decisions. Our corporate commitment is to provide real knowledge, proven experience and professional, quality service. To search all Fort Wayne homes for sale or find a Fort Wayne REALTOR®, visit our website at NorthEasternGroup.com.
North Eastern Group Realty is Fort Wayne’s largest independent real estate company located at 10808 La Cabreah Lane, Fort Wayne, IN 46845.
What a great opportunity North Eastern Group Realty senior management had to meet with other brokers in Chicago to learn about the issues facing the real estate industry. Speakers addressed issues such as data security, appraisals, financing, and legislative issues. There are currently 1 million members of the National Association of REALTORS and they work...
According to Daily Real Estate News, Thursday, July 25, 2013, rising mortgage rates are showing no sign of derailing new-home sales. The Commerce Department reported that single-family new-home sales rose 8.3 percent in June to the highest level since May 2008. Additionally, they were up 38.1 percent compared to June of last year which was...