Pending home sales declined 4.6% in January from the prior month, the National Association of Realtors said. The pending home sales index—a forward-looking indicator based on contract signings— fell 4.6% to 70.6 in January, an all-time low. Year over year, pending transactions were down 5.2%.
ABA, associations urge CFPB to rescind changes to adjudication process
ABA joined three associations in voicing support for a CFPB proposal to rescind a set of changes to the bureau’s rules that, among other things, gave its director authority to resolve adjudication hearings overseen by the agency.