Chances of Fed cutting interest rates fade as inflation worsens
Longer-term interest rates have risen quickly since the war began Feb. 28, pushing up the cost of mortgage loans, auto loans, and business borrowing. And with inflation measures likely to rise in the coming months, the prospect of interest rate cuts this year by the Federal Reserve is fading. Wall Street investors instead see the odds rising of an actual rate hike instead.
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Senator Hawley Investigating FICO Credit Score Pricing Practices and Urging FTC to Investigate as Well
Credit score costs and credit report costs often are passed on to mortgage applicants, and the Senator states that the credit score price increases "are most damaging to the Americans who can least afford them" and that first-time homebuyers "bear a disproportionate burden of the cost."
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Judge rules in favor of Crismans against Chicago Title Insurance Company
A rural Mora family who has been engaged in a struggle with Hillman Township over whether the last quarter mile of Hornet Street, where they live, is a township road or a minimum maintenance road is finally enjoying some good news.
Last week, a federal judge ordered Chicago Title Insurance Company to pay Andy and Renee Crisman, at a minimum, the legal fees in the Crisman family's fight to access their farm.
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Federal District Judge Wrongly Strikes Down Safeguard Against Money Laundering Through U.S. Residential Real Estate
"In striking down this rule, the district court in Texas has just sided with cartels, money launderers, and U.S. adversaries and given them free license to continue moving their dirty cash through U.S. real estate," said Ian Gary, executive director of the FACT Coalition. "Two other federal courts have recently upheld the rule as lawful and constitutional. We therefore expect the government to swiftly appeal this outlier decision and the appellate court to overturn it."
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Judge Strikes Down FinCEN Rule Aimed at Money Laundering in Real Estate
A federal court in Texas vacated the Financial Crimes Enforcement Network's (FinCEN) 2024 residential real estate reporting rule that required for title companies to report non-financed transfers to entities and trusts. The FinCEN rule requires title companies to collect and report detailed information about non-financed residential real estate sales to legal entities, including trusts, and shell companies; it did not include sales to individuals. The rule was put into effect as a tool for combating money laundering.
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