Recently, I read an article on SayAnythingBlog.com that was full of consternation over whether North Dakota is inflating its own “housing bubble” via the Housing Incentive Fund (HIF). The article cited a story about the number of hotels in Minot and worried that supply for all types of housing would soon outstrip demand. North Dakota…
Bill Would Allow State Of North Dakota To Get Into The Wholesale Mortgage Business
North Dakota is unique among the states in having a state-run bank. Now, per a bill coming out of the Industry, Business and Labor Committee (at the request of the North Dakota Housing Finance Agency), the state wants to be a mortgage wholesaler too. Here’s the language from the bill, which is SB2079: The business…