James Kleimann on recent actions by the DOJ and CFPB
HousingWire Daily
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Financial Implications and Regulatory Challenges
This chapter explores the financial implications for NAR due to potential actions by the Department of Justice, including challenges in meeting settlement amounts. It discusses NAR's assets, cash reserves, and the possibility of selling assets to cover liabilities, emphasizing uncertainty and significant impact. Additionally, it touches on recent actions by the DOJ and CFPB in the mortgage industry, focusing on discount points, discrimination investigations, and potential regulatory costs for lenders.
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