This week was an exercise in perspective, stocks versus bonds and mortgages, and here versus over there. In a week with little new U.S. data (apartments hot, single-family not), bonds and mortgages stayed the same — which is remarkable, given the performance of stocks. The 10-year T-note could not break below 2.00 percent, mortgages just under 4.00 percent, but unchanged all through October while the Dow rocketed 500 points in the last two days.
Vendor Research Management University (VRMU), a professional and continuing education platform for the real estate and mortgage services industries, has launched a toolkit that helps government agencies and the financial businesses they regulate assess their compliance with Section 342 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which aims to promote gender and racial diversity in the financial services industry.
If your brokerage makes use of “preferred vendor lists,” you could be extending a welcome mat to regulators, according to many compliance experts — another potential regulatory minefield for real estate brokers to avoid.