(RECAP: New York Fed President Bill Dudley said he would be open to changes to banking regulations, though he cautioned against returning to the way things were before the financial crisis. President-elect Donald Trump has said he would be in favor of repealing the Dodd-Frank regulations place in place after the financial system nearly collapsed in 2008. “I reckon it would be a huge mistake to go back to the pre-financial crisis set of regulations that we had in place,” he added. “That said, is Dodd-Frank perfect? I would be very hesitant to say that. So if there are aspects of Dodd-Frank that could be improved, it would be completely reasonable for Congress to take that on, and it’s obviously up to them.”)

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(RECAP: An affordable apartment complex will be a key part to jump-starting redevelopment in part of the Pembroke area. The Franklin Johnston Group has plans to turn 10 acres near Witchduck Road into 264 apartments. This week, City Council designated 91 acres of land around it a revitalization area to help the development company get special financing. It will help keep the complex affordable. Price Street Apartments will be the first major project in the revitalization area, which is included in the Pembroke Strategic Growth Area. Seven buildings will have four tales of 40 one-bedroom apartments, 160 two-bedroom apartments and 64 three-bedroom apartments.)

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(RECAP: The Housing and Insurance Subcommittee held a hearing on Wednesday to discuss necessary changes to the appraisal industry. “Today’s hearing focused on a topic that isn’t often on television or in the newspapers yet is an vital issue that impacts Americans across the country who are buying or selling homes. The last meaningful update of the appraisal structure was in 1989, and while the marketplace has evolved, the regulatory regime remains stuck in the past,” said Subcommittee Chairman Luetkemeyer (R-MO). “Ultimately, our nation’s appraisal system is unnecessarily complicated and outdated. That complexity impacts homeowners and is, in part, responsible for delayed closings and increased consumer costs.”)

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