FOMC reveals positive outlook of economic conditions

The Federal Reserve held its meeting on the current state of the U.S. economy, where it elected not to raise interest rates during its July 31 to August 1 meeting. But despite its decision not to raise rates, the FOMC gave a positive outlook of the U.S. economy, listing the positive economic trends members continue to see.
Source: HousingWire Magazine

Home Inspectors: What’s Your Business Worth?

Most single-home inspector owners have not fully considered the implications of enterprise value.

The post Home Inspectors: What’s Your Business Worth? first appeared at Working RE Magazine.

Source: Working RE Magazine

Wells Fargo to pay $2 billion for allegedly lying about subprime mortgages

Wells Fargo will pay more than $2 billion for allegedly lying about the quality of subprime and Alt-A mortgages that backed residential mortgage-backed securities in the run-up to the housing crisis, the Department of Justice announced.
Source: HousingWire Magazine

Massachusetts approves short-term rental tax

Massachusetts’ legislature just approved a bill to tax and register all short-term rental activity in the state. Nationally, the temperature is rising in the short-term rental industry as more and more entities seek to regulate its growth.
Source: HousingWire Magazine

Mulvaney’s shot at new White House position falls through

CFPB Acting Director Mick Mulvaney was rumored to be in the running to become President Donald Trump’s next chief of staff, however, that job may have just fallen through the cracks. As it turns out, current Chief of Staff John Kelly announced he will be sticking around until 2020.
Source: HousingWire Magazine

HousingWire launches exclusive 5-part regtech podcast series

HousingWire and ComplianceEase are teaming up to launch the weekly series in mid-August and will cover topics, such as artificial intelligence, big data and compliance, compliance, compliance. So keep an eye out, we’ll announce each new episode in our email alerts, and thanks for listening!
Source: HousingWire Magazine

Appraisal Institute Honors 13 National Award Winners

Craig M. Harrington, SRA, AI-RRS, of Prior Lake, Minnesota; and Leslie P. Sellers, MAI, SRA, AI-GRS, of Clinton, Tennessee, were honored Tuesday with the Appraisal Institute’s Lifetime Achievement Award and Timothy P. Runde, MAI, of San Francisco, was named the recipient of the Outstanding Service Award during the Appraisal Institute Annual Conference in Nashville, Tennessee.
Source: Appraisal Institute