We may not see much regulatory action immediately, as it will most likely take years for violations to be uncovered.Enjoy the holidays :)

The current economic and regulatory situation is causing many existing businesses to take a wait and see attitude even when they are turning a profit.I suspect if jobs are created soon you will see more and more cottage industries develop.

No conventional lender makes a pure purchase money loan without proof of funds, it's a legal requirement under several regulatory angles, money laundering, drug money or illegal activities etc. with funds needing to be verified as to the source of funds or held for more than 90 days.

They do this in two ways (loan loss reserves and regulatory restrictions on new business).

Also worried about regulatory issues, etc.

I think it's a concern in terms of volatility, but I also think you don't want to say absolutely not because it's the future of work," said Dan Immergluck, a professor at the Urban Studies Institute at Georgia State University, who studies the housing market, mortgage finance and foreclosures.Airbnb has faced a host of regulatory challenges around the country.

Does the broker actually know how to manage the agent (important).Does the broker provide regulatory oversight (UBER important).What is the network access of the brokerage, agents and clients?

That said, certainly a step in the right direction and you have more regulatory experience than I do on related matters and many other origination issues can be cured through the same method.I think that the licensed party missing in the beginning, which negotiates terms between the Seller/Mortgagee and Buyer can be replaced later as the terms didn't get negotiated.

The DC Council is currently reviewing a bill that would create a regulatory system for short-term rentals, such as those found on Airbnb and HomeAway.

Unless there is some sort of other consideration such as additional collateral, etc. these small, aggressive banks are not around long or come under regulatory scrutiny with a cease and desist order.