Real estate news

• Real Estate Notebook: Custom tours set for new downtown Minneapolis ... - Minneapolis Star Tribune

  23-04-2015 23:23
  
  Minneapolis Star Tribune
  Real Estate Notebook: Custom tours set for new downtown Minneapolis ...
  Minneapolis Star Tribune
  LPM Apartments, in Minneapolis near Loring Park, is one of the city's newest options for downtown living. Photo: BRE McGEE • Special to the Star Tribune,. Camera Star Tribune photo galleries. Camera view larger. 0 · comments; decrease font size resize ...and more »
  
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• Impac first-quarter origination volume skyrockets 106%

  23-04-2015 23:22
  
  Impac mortgage turned around its financial situation in its latest first-quarter earnings report. Key drivers of the growth? For starters, higher origination volume.
  
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• Will former risky borrowers ever get back into homeownership?

  23-04-2015 22:45
  
  “Not only do owners of formerly distressed homes have damaged credit for an extended time, but to purchase again, mortgages must now be obtained amidst an abundance of new, more stringent credit restrictions,” said Piegza.
  
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• Low interest rates drive First American revenue up 10%

  23-04-2015 22:15
  
  Driven by a 15% increase in direct title orders closed and a 62% increase in refinance title orders, First American Financial saw its revenue grow by 10% in the first quarter. According to First American, its total revenue rose to $1.11 billion in the first quarter of 2015, up from $1.01 billion in the same time period last year.
  
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• Big-time investors rank Austin commercial real estate among best in U.S. - Austin Business Journal (blog)

  23-04-2015 21:56
  
  Austin Business Journal (blog)
  Big-time investors rank Austin commercial real estate among best in U.S.
  Austin Business Journal (blog)
  The Bank of America Tower was built in 1975 by Houston-based Hines. Stream Realty Partners renovated the annex in the foreground into high tech offices that are partially occupied by Dropbox. The entire block has been listed for sale — an example of ...
  
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• U.S. sues Quicken Loans for FHA loan violations

  23-04-2015 21:44
  
  The United States government is suing Quicken Loans, accusing the lender of improperly originating and underwriting loans that were insured by the Federal Housing Administration. According to an announcement from the Department of Justice, the government alleges that from September 2007 through December 2011, Quicken “knowingly submitted, or caused the submission of, claims for hundreds of improperly underwritten FHA-insured loans.”
  
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• Fannie, Freddie: Simplifying loss mitigation is a 2015 priority

  23-04-2015 21:09
  
  Simplification and streamlining – those are the watchwords as Fannie and Freddie move forward in 2015 in terms of mortgage servicing. Here’s what they said.
  
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• DocMagic launches TRID compliance solution

  23-04-2015 21:08
  
  DocMagic launched a new compliance tool for the mortgage industry to help lenders comply with the new TILA/RESPA Integrated Disclosure rule that goes into effect on Aug. 1.
  
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• Real estate firms rapidly adopting new lead gen tool - Inman.com

  23-04-2015 21:02
  
  Tech Cocktail
  Real estate firms rapidly adopting new lead gen tool
  Inman.com
  Remodeling network Porch has unveiled a second tool that brokerages, website providers and listing search services can use to augment listings with renovation project history reports, and squeeze more leads out of real estate websites. A number of ...
  Porch Partners With 10 Leading Real Estate CompaniesTech Cocktail
  Porch.com Continues Real Estate Momentumwoodworkingnetwork.comall 6 news articles »
  
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• What did that house sell for? Real estate in the Tiers - Ithaca Journal

  23-04-2015 20:35
  
  Ithaca Journal
  What did that house sell for? Real estate in the Tiers
  Ithaca Journal
  Real estate transactions are public records obtained by the Star-Gazette from the deeds on file in the county clerks' offices. Real estate agencies do not provide the information. CHEMUNG COUNTY. BIG FLATS. Allan W. Lowman to Market Street Trust ...
  
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• 'The Art of Real Estate' parses Bay Area's housing bonanza - Inman.com

  23-04-2015 20:31
  
  Inman.com
  'The Art of Real Estate' parses Bay Area's housing bonanza
  Inman.com
  Husband-and-wife real estate team Debbi DiMaggio and Adam Betta recently published what they call an insider's guide to real estate. It's called “The Art of Real Estate,” and its goal is to educate both the consumer and real estate agent on the housing ...
  Top Ten Traits of a Real Estate AgentBrooklyn Reader
  Pocket Listings: The Tighter The Real Estate Market, The Worse The IdeaChicagoNow
  
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• PulteGroup 1Q net income drops to $55 million

  23-04-2015 20:15
  
  PulteGroup’s latest earnings surprisingly slid after home sales fell 28% in the pricey U.S. Northeast due to construction delays.
  
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• Fort Worth oil and gas firm's real estate affiliate sells DFW property - Dallas Business Journal

  23-04-2015 19:21
  
  Dallas Business Journal
  Fort Worth oil and gas firm's real estate affiliate sells DFW property
  Dallas Business Journal
  The property totals 188,355 square feet of industrial and flex space. At the time of the deal, Riverbend Center was 90 percent occupied. Southern Colonial in Westover Hills 15 photos. Home of the Day. Sponsor Listing · Candace Carlisle: Staff Writer ...
  
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• Servicers, don’t let your lawyers handle all the legal work

  23-04-2015 17:58
  
  It’s critical to let lawyers review proposed industry rules when comments are sought, but don’t rely on them to handle it alone because they don’t know the business.
  
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• Altisource Portfolio Solutions' net income plummets 91%

  23-04-2015 17:37
  
  Altisource Portfolio Solutions saw its net income plummet by 91% in the first quarter of 2015. According to Altisource’s CEO, William Shepro, the drop in income was due in part to $13.6 million in expenses “related to terminated employees and contractors and other out-of-the-ordinary items.”
  
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• In Hong Kong Real-Estate War, It's Landlords vs. Luxury Brands - Wall Street Journal

  23-04-2015 17:36
  
  Wall Street Journal
  In Hong Kong Real-Estate War, It's Landlords vs. Luxury Brands
  Wall Street Journal
  Falling sales of luxury goods are setting up a battle between landlords and retailers in Hong Kong, the world's most expensive real-estate market. Retailers have had the upper hand in mainland China for the past few years amid a glut of shopping malls, ...and more »
  
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• Redfin: Home inventory shortage worse than it looks

  23-04-2015 17:23
  
  As the spring selling season gets into full swing, Redfin examined 50 markets to see if fresh inventory is growing, and whether it’s growing enough. What they found looks troubling.
  
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• New homes sales tumble 11.4% in March

  23-04-2015 17:00
  
  Sales of new single-family houses in March 2015 tumbled back down after last month's positive news that the market was ready for this years spring buying rush.
  
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• 6 secrets to dealing with regulations for mortgage servicers

  23-04-2015 17:00
  
  Here are the six things to consider in dealing with the government, courtesy of Peter Carroll, executive vice president of Mortgage Policy at Quicken Loans, and Katherine Porter, professor of law at UCI. At least one you shouldn't take literally.
  
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• What a Chinese developer's default means for New York - The Real Deal Magazine (blog)

  23-04-2015 16:38
  
  What a Chinese developer's default means for New York
  The Real Deal Magazine (blog)
  Many in New York associate Chinese real estate companies with limitless funds and a never-ending ability to invest here. But what if they are wrong? On Monday, Shenzhen-based megadeveloper Kaisa defaulted, sending shockwaves through the worlds of ...and more »
  
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• Mortgage rates decline again, hover at 2015 lows

  23-04-2015 16:00
  
  Average fixed mortgage rates moved down slightly this week and remained near their 2015 lows as the spring homebuying season continues. Here’s how it breaks out.
  
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• Chinese Could Spend $50 Billion on New York City Real Estate Over Next ... - TheStreet.com

  23-04-2015 15:49
  
  TheStreet.com
  Chinese Could Spend $50 Billion on New York City Real Estate Over Next ...
  TheStreet.com
  NEW YORK (TheStreet) -- Chinese cash injected into New York City real estate reached record levels in 2014. That could be just the beginning. "Over the next several years, we'll see -- potentially -- over $50 billion injected into the market from China ...
  New York real estate kings seek Chinese partnersIrish Independentall 2 news articles »
  
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• Fannie Mae: Lenders expect boost from GSE 97% LTV products

  23-04-2015 15:39
  
  The latest lender sentiment survey from Fannie Mae shows that mortgage lenders expect they will get a boost in business from changes at the GSEs and at FHA. Here’s what they think.
  
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• Fairfield Township property sells for $612K | South Jersey real estate - NJ.com

  23-04-2015 13:10
  
  Fairfield Township property sells for $612K | South Jersey real estate
  NJ.com
  BRIDGETON. — 156 W. Lincoln St., Federal Home Loan Mortgage Corp. to Juan C. Figueroa for $29,000. — 11 Smith Ave., Wilbert E. Turpin to Walter R. Sharp Sr. for $142,000. — 356 Bank St., Juan Figueroa to Calogero DiFranco for $40,000. — 33 ...
  
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• Lender Privlo moves into Illinois

  23-04-2015 13:00
  
  Once again, Los Angeles-based Privlo announced it is expanding into a new state. This time around the lender is working to help Illinois’ small business owners, self-employed workers, entrepreneurs and contractors.
  
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• Phila. business/union coalition: Raise real estate tax - Philly.com

  23-04-2015 12:46
  
  Philly.com
  Phila. business/union coalition: Raise real estate tax
  Philly.com
  At Dilworth Plaza, Gerry Sweeney of Brandywine Realty Trust outlines a proposal to raise the city's real estate tax to add jobs. Behind him is Daisy Cruz, an SEIU 32BJ official. ( DAVID SWANSON / Staff Photographer ). Travel Deals. 25% Off -- Amtrak ...and more »
  
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• Top 5 calls to action for real estate agents - Inman.com

  23-04-2015 11:02
  
  Top 5 calls to action for real estate agents
  Inman.com
  If you are involved in real estate marketing in any capacity, you have heard the buzz about how important content marketing is to your lead generation efforts. By creating valuable content that can be shared through social media and other mediums, real ...
  
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• Americans Again Say Real Estate Is Best Long-Term Investment - Gallup.com

  23-04-2015 10:59
  Gallup.com
  Americans Again Say Real Estate Is Best Long-Term Investment
  Gallup.com
  PRINCETON, N.J. -- For the second straight year, more Americans name real estate than stocks, gold, savings accounts/CDs or bonds as the best long-term investment. Real estate leads with 31% of Americans choosing it, followed by stocks/mutual funds, ...
  Americans Pick Real Estate as Best Long-Term Investment24/7 Wall St.all 5 news articles »
  
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• Real estate CEO fired broker for requesting kosher meals: suit - New York Post

  23-04-2015 07:38
  
  New York Post
  Real estate CEO fired broker for requesting kosher meals: suit
  New York Post
  The CEO of a major Brooklyn real-estate firm fired a broker for requesting a kosher meal for an office function, a new Brooklyn federal lawsuit charges. Agent Robert Seidenberg, an Orthodox Jew, claims that Fillmore Real Estate boss John Reinhardt blew ...
  
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• Hamptons Million-Dollar Homes Bolster Real Estate Sales - Bloomberg

  23-04-2015 06:16
  
  Bloomberg
  Hamptons Million-Dollar Homes Bolster Real Estate Sales
  Bloomberg
  Among Morabito's sales in the quarter was a four-bedroom waterfront cottage in Quiogue owned by CNN broadcaster Anderson Cooper. Source: Douglas Elliman via Bloomberg. Recommended. Exclusive Look Inside the Four Seasons' New Private Jet.
  Hamptons real estate market on fire in Q1 despite icy freezeNew York Daily Newsall 7 news articles »
  
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• RealtyTrac: Share of seriously underwater homes rises

  23-04-2015 06:01
  
  The share of seriously underwater homeowners increased 0.4 percentage points from fourth quarter 2014, and while it is only a slight increase, it marks the first quarterly increase since the second quarter of 2012.
  
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• Agent Ace adds Jason Nierman as head of business development

  23-04-2015 00:12
  
  Santa Monica, California-based Agent Ace announced the addition of Jason Nierman as the company’s new head of business development. At Agent Ace, a startup that uses data to match homebuyers and sellers with the best agent for their deal, Nierman will work to forge new strategic partnerships, as part of an effort to drive revenue and growth.
  
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• Walkability Adds Value in Commercial Market

  23-04-2015 00:00
  A new index out this month seeks to measure the walkability of commercial sectors to help better determine value and potential investment...
  
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• Quicken Loans Sues Gov't Over Fed Probe

  23-04-2015 00:00
  Quicken Loans has filed a lawsuit against the federal government over demands that the lender admit to wrongdoing in its practices—...
  
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• New Tech Companies Enter Real Estate Space

  23-04-2015 00:00
  Second Century Ventures unveiled the seven companies that will make up this year's REach class, who will benefit from education...
  
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• Luxury Home Hotspots

  23-04-2015 00:00
  Find out the top ZIP codes for home sales in the $1-million-and-up sector. 
  
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• Landlords Say They're Raising Prices Again

  23-04-2015 00:00
  CEOs of the largest companies renting out single-family homes tell Bloomberg they plan to raise rents up to 5.7 percent this year....
  
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• Home Sales Surge to 18-Month High

  23-04-2015 00:00
  The spring home sale season has finally sprung. Check out the latest existing-home sales report from NAR to see how your region is performing.
  
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