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Supreme Court ruling allows Trump’s federal workforce cuts to proceed

President Donald Trump has secured a big win in his effort to reduce the footprint of the federal government. The Supreme Court ruled Tuesday that the administration can proceed with plans to lay off thousands of federal workers and cut funding to various federal agencies, including the U.S. Department of Housing and Urban Development (HUD). The ruling temporarily suspends a lower court’s decision...

Lawsuit claims Xactus, Equifax, others violated Fair Credit Reporting Act

A plaintiff in California is claiming that Xactus and Equifax did not conduct a “reasonable” investigation into claims of identity theft, which harmed her credit and violated the Fair Credit Reporting Act.  The suit was filed in late May in the Superior Court of San Bernardino County, California, by plaintiff Junnan Guo, who is representing herself pro se. It names Xactus and Equifax, as well as...

Canada Home Sales Climb for First Time in 6 Months as Market Stabilizes

Canadian home sales posted their first monthly increase since November, rising 3.6% in May from April as activity rebounded in key markets including Toronto, Calgary, and Ottawa, according to data released by the Canadian Real Estate Association (CREA). The gain suggests early signs of stabilization in a housing market that had been grappling with macroeconomic uncertainty and a sluggish start to the...

Layoffs are blurring the retirement lines for seniors

For older people who wish to stay in the workforce, a layoff or buyout can radically change their financial picture. According to a recent report from The Wall Street Journal, it takes an average of 26 weeks for people ages 55 to 64 to find a job — seven weeks longer than people ages 25 to 34. Kevin Cahill, an economist at FTI consulting, told the Journal that those who get laid off later in...

Waltz raises another $25M to power international real estate investment

U.S. residential real estate is drawing increasing interest from international investors —particularly in Latin and South America — according to Miami-based Waltz, a digital mortgage platform that caters to foreign buyers. The firm announced it has reached $50 million in total funding to date — including a newly secured $25 million line of credit from affiliates of Setpoint Capital — that’s aimed...

NorthstarMLS says no to delayed marketing exempt listings

Yet another MLS will not be implementing delayed marketing exempt listings. In early June, the board of directors for Minnesota-based NorthstarMLS voted to adopt the National Association of Realtors’ (NAR) new Multiple Listing Options for Sellers (MLOS) policy. But the organization will not implement the optional delayed marketing exempt listings provision or limit IDX and syndication feeds. NAR...

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