The housing crash exposed questionable lending and financial practices of the countrys largest lenders. In this report, T3 Sixty examines why brokers and agents should be aware of, and prepare for the impact of the Consumer Financial Protection Bureau.
In this report, T3 Sixty asks industry leaders in what ways and to what extent the Consumer Financial Protection Bureau (CFPB)andor other new regulations will reshape the real estate business over the next 35 years.
The housing market and real estate industry is in a slump, brought on in most part by bad economic decisions, risk taking and overspeculating. But instead of assigning blame, its now time for all role players and affected parties to stand together and the economy on a path to recovery, however long that might take.
The economic downturn has hit the housing market hard, affecting all segments of the industry and resulting in a downward spiral of foreclosures, mortgage debt, and shortsales. While government, financial institutions, corporates, and lawmakers have begun intervening to jumpstart a recovery process, a solution is a long way off and agents and brokers need to be aware of the challenges and be able to navigate difficult situations to facilitate any future buying and selling processes.
Big data and AI are reinventing relationship management.