• Economic Forecast: Expectations High, but Less Long-Term Optimism

    The latest Urban Land Institute (ULI) Real Estate Economic Forecast predicts modest fluctuations across the board for 27 economic/real estate indicators. The three-year forecast is completed semi-annually, surveying over 48 economists and analysts at 36 real estate organizations.
    A leading concern? Rising interest rates. ULI forecasts interest rates to be 0.4 percent higher in 2018 and 2019 than previously estimated. The 10-year U.S. Treasury rate is also expected to rise, to 3.1 percent in 2018
  • Wells Fargo Fined $1 Billion for Abusive Insurance, Mortgage Practices

    The government has handed down a $1 billion penalty to Wells Fargo for abusive consumer practices related to its administering of auto insurance and extensions on mortgage rate locks. In addition to the fine, the bank has been ordered to remediate affected consumers and implement improved practices.
    In 2017, Wells Fargo acknowledged it had charged consumers for auto insurance that was unnecessary, which could have caused them to default and lose their vehicles. The bank also charged consumers fo

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