Impact on Consumers of Bank and Financial Holding Companies' Engagement in Real Estate Brokerage and Property Management: Hearing Before the Subcommittee on Financial Institutions of the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Seventh Congress, Second Session, on the Examination of Banking and Financial Holding Companies' Engagement in Real Estate Brokerage and Property Management, May 23, 2002U.S. Government Printing Office, 2003 - 128 páginas |
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affiliated agency American Bankers Association Association of REALTORS Bank Holding Company brokerage and management brokers Chairman Choice in Real Coldwell Banker commercial Community Choice Community Reinvestment compete competition Congress credit unions customers engage in real estate brokerage business estate brokerage companies estate brokerage firms Federal Reserve FHC's financial activity financial holding companies financial in nature financial institutions financial services GLB Act GLBA Gramm-Leach-Bliley Act homebuyers homeowners Homeowners Insurance impact issue lender loans Long & Foster marketplace mortgage company mortgage lending MURPHY Murray Consulting National Association NCRC offer real estate one-stop shopping percent Real Estate Act real estate agent real estate brokerage real estate business real estate companies real estate firms real estate industry real estate services Realty Alliance Recent Buyers regulation residential real estate RESPA RESPRO Senator ALLARD Senator BENNETT Senator JOHNSON SMITH South Dakota stop shopping subprime sumers TAYLOR title insurance Treasury
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Página 112 - where compliance with both federal and state regulations is a physical impossibility..., " Florida Lime & Avocado Growers, Inc. v. Paul, 373 US 132, 142-143 (1963), or where the state " law stands as an obstacle to the accomplishment and execution of the full purposes and objectives of Congress.
Página 55 - Act, to be so closely related to banking as to be a proper incident thereto (subject to such terms and conditions contained in such regulation or order, unless modified by the Board);".
Página 125 - The Financial Services Roundtable represents 100 of the largest integrated financial services companies providing banking, insurance, and investment products and services to the American consumer. Member companies participate through the Chief Executive Officer and other senior executives nominated by the CEO. Roundtable member companies provide fuel for America's economic engine, accounting directly for $50.5 trillion in managed assets, $1.1 trillion in revenue, and more than 2.4 million jobs.
Página 47 - I am pleased to be here today on behalf of the American Bankers Association ("ABA").
Página 122 - Third, banking organizations arc also subject to Sections 23A and 23B of the Federal Reserve Act, which limit the amount of credit and other forms of support that a bank could provide to a real estate brokerage affiliate or subsidiary. Such limits ensure that the safety and soundness of the bank will not be negatively impacted by hs subsidiaries or affiliates.
Página 56 - Fed and Treasury determine by regulation or order that the activity: (1) is complementary to a financial activity; and (2) does not pose a substantial risk to the safety or soundness of depository institutions or the financial system generally.
Página 50 - ... insurance and title insurance businesses.... We believe, in fact, that consumers would benefit from the influx of capital that may result from nationally chartered banks entering this arena. We also believe that increased competition from companies of size would benefit consumers by making all of us sharpen our skills and improve the services we provide.
Página 81 - Act (GLBA) prohibited states from (1) preventing a depository institution or affiliate from being affiliated with any entity authorized by the Act; (2) preventing or significantly interfering with the ability of a depository institution or affiliate to engage in insurance sales, solicitation or crossmarketing; or (3) preventing or significantly interfering with the ability of an insurer or affiliate to become a financial holding company or to acquire control of a depository institution. Since GLBA...
Página 40 - RealtorAssociate® are registered collective membership marks that identify, and may be used only by, real estate professionals who are members of the National Association of REALTORS® and subscribe to is strict Code of Ethics.
Página 53 - The nation's largest individually owned real estate company, with over 370 loan products to choose from, including Conventional, FHA, and VA loans. Weichert Financial Services' Weichert Gold Services Program is raising the performance guarantee from $250 to $1,000 for all new Gold Services applications. If Weichert Gold Services fails to meet its performance guarantees, the homebuyer will receive a $1,000 credit towards their mortgage related costs at the time of settlement.* "To participate, the...