Author name: Ricky Vasquez

CoStar stockholders back directors, approve pay plan

CoStar Group stockholders approved all proposals at the company’s annual meeting on Tuesday, including the reelection of eight director nominees and an advisory vote on a redesigned executive compensation plan, the company said in an announcement on Thursday. The vote gives CoStar leadership a governance green light as it pursues a strategy that pairs revenue […]

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Senators say CFPB deletions strip key consumer protection records

Senate Democrats have accused Consumer Financial Protection Bureau (CFPB) acting director Russell Vought of stripping away key consumer protection resources and obscuring past enforcement work in a letter sent on Monday.  “Your decision deprives Americans of key resources and is yet another giveaway to companies intent on scamming the public of their hard earned dollars,”

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MBA PAPI rises in May as mortgage payments climb

Homebuyer affordability deteriorated in May as higher mortgage rates and larger loan application amounts pushed monthly mortgage payments higher, according to data released Thursday by the Mortgage Bankers Association (MBA). The MBA’s Purchase Applications Payment Index (PAPI), which measures mortgage payment burdens relative to income, rose 2.2% to a reading of 159.4 in May. —

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