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REAL ESTATE: CFPB issues their new Ability-to-Repay rule
January 11, 2013, 12:54 pm
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On January 10th, 2013, the Consumer Financial Protection Bureau issued an important rule which they consider to be one of their most important rules to date. It is called the Ability-to-Repay rule. The reason for the rule is to avoid what partly cause the housing crash during the credit crisis. This will ensure t ...read more
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REAL ESTATE: Manhattan Rent Hikes are Slowing
January 10, 2013, 12:45 pm
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A Bloomberg article published on January 10th, 2013, suggests that Manhattan rent increases have slowed for the third consecutive month in December. "The median monthly rent rose to $3,150, up 0.8 percent from a year earlier," however, rents are not on "frenzied upward trajectory anymore". There are ...read more
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