Real estate news

• Redwood Trust turns in “disappointing” first quarter

  04-05-2015 23:47
  
  Low interest rates sent Redwood Trust's net income down again in the first quarter of 2015, falling from $27 million in the fourth quarter of 2014 to $15 million in the first quarter. In a letter to shareholders, Redwood’s CEO, Marty Hughes, and president, Brett Nichols, said they were “disappointed” by the results of the first quarter.
  
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• Quicken Loans raises $1.25 billion with debt issuance

  04-05-2015 23:38
  
  Quicken Loans raised $1.25 billion last week with a bond issuance, according to a report from Bloomberg. Per the report, the vast majority of the money will go to Rock Holdings, Quicken’s parent company, and Dan Gilbert, the founder and chairman of Quicken and majority owner of Rock Holdings.
  
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• Selequity Is A Crowdfunding Platform For Investing In Commercial Real Estate - TechCrunch

  04-05-2015 23:06
  
  TechCrunch
  Selequity Is A Crowdfunding Platform For Investing In Commercial Real Estate
  TechCrunch
  For those who are looking to invest in real estate, finding good opportunities can be difficult. In commercial real estate, unless you know a property owner or developer, it's nearly impossible to get your foot in the door. But today onstage at Disrupt ...
  Benworth Capital Launches Real Estate Crowdfunding PlatformNational Mortgage News
  Selequity Announces Launch of Commercial Real Estate Crow
  
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• Fed: Loan demand surges as standards ease heading into Spring

  04-05-2015 23:02
  
  The housing market started off on a strong foot this year as lenders said they witness an increase in mortgage lending demand while credit standards eased simultaneously. These 5 charts show just how bid of an increase it was.
  
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• Fidelity National revenue rises for fourth straight quarter

  04-05-2015 22:55
  
  For the fourth straight quarter, Fidelity National Financial saw its revenue rise over the previous year’s total. The title insurance giant reported total revenue of approximately $1.6 billion in the first quarter of 2015, up from $1.4 billion in the first quarter of 2014.
  
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• Investor gets 4 years in $21.8M flipping scheme

  04-05-2015 22:25
  
  A real estate investor was found guilty of wire fraud and ordered to pay $21.8 million in restitution plus forfeit another almost $4 million in proceeds. Here's how they got him.
  
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• Zillow: Lowest paid workers in 1/3 of markets can’t afford cheapest homes

  04-05-2015 22:17
  
  Incomes among the lowest third of U.S. workers have risen 15% since 2000, while home values are up 41%. The divergence is growing and so is the problem.
  
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• Inlanta Mortgage expands in Greater Chicago area

  04-05-2015 21:31
  
  Inlanta Mortgage continues to expand and announced its latest branch opening in the greater Chicago area.
  
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• Parkside Lending begins offering FHA loans

  04-05-2015 20:01
  
  Parkside Lending is now offering Federal Housing Administration loans, helping the lender reach a larger percentage of its clients and broaden homeownership opportunities for qualified borrowers.
  
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• Warren Buffett and Clayton Homes: The real vulture capitalists

  04-05-2015 20:00
  
  Warren Buffett likes to pose as the billionaire champion of progressive politics. And you have to hand it to him: he is that, in fact — a poser.
  
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• Las Vegas lawyer disbarred for mortgage fraud

  04-05-2015 19:54
  
  The Nevada Supreme Court stripped a prominent Las Vegas attorney of his right to practice law in the state as part of the punishment for his place in a mortgage fraud scheme that defrauded financial institutions of more than $30 million.
  
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• B2R Finance acquires investor solution provider Dwell Finance

  04-05-2015 19:13
  
  In its latest growth initiative, B2R Finance, a lender for single-family residential rental property investors, acquired Dwell Finance, creating a stronger, customer focused product.
  
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• Consumer spending rose in April

  04-05-2015 18:26
  
  Daily self-reporting of spending averaged $91 in April, up from $86 in March but down from several monthly averages in 2014. Here's what happened.
  
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• 5 things mortgage lenders need to do before TILA RESPA goes into effect

  04-05-2015 18:00
  
  As you count down these final days until the regulations take effect, you’re most likely preparing for managing the most significant revisions you’ve ever had to make to your businesses processes. Here are five key things to remember as you approach the deadline – and they aren’t just about making sure you will be in compliance.
  
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• Commercial, multifamily mortgage originations jump 49% in 1Q

  04-05-2015 17:25
  
  Commercial and multifamily mortgage originations saw a huge annual gain in the first quarter, despite the expected quarter-to-quarter dip. Here's what was behind the push.
  
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• Solidifi acquires Southwest Financial Services

  04-05-2015 16:59
  
  Solidifi, a provider of residential real estate appraisals, acquired Southwest Financial Services, strengthening Solidifi’s solutions for the home equity market.
  
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• China Real Estate Is Unstoppable - Forbes

  04-05-2015 16:17
  
  Forbes
  China Real Estate Is Unstoppable
  Forbes
  Beijing has thrown everything plus the kitchen sink at China's real estate to keep it from overheating. But a new mini-QE program at the central bank, coupled with the hundreds of millions of dollars majority shareholders have made in real estate this ...and more »
  
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• Realogy Holdings reports $1.1B revenue in 1Q

  04-05-2015 14:24
  
  Realogy Holdings Corp. reported a first quarter loss of $0.22 per share, still $0.02 better than analyst expectations of a $0.24 loss as revenues rose 5.5% year over year to $1.1 billion.
  
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• Sheriff allegedly shoots real estate agent at house showing - PennLive.com

  04-05-2015 14:10
  
  PennLive.com
  Sheriff allegedly shoots real estate agent at house showing
  PennLive.com
  A baffling case of an officer-involved shooting is unfolding outside of Atlanta as police are investigating Clayton County Sheriff Victor Hill, who reportedly shot a female real estate agent at a house showing on Sunday. While the shooting has been ...
  Clayton County Sheriff Victor Hill Issues Statement In Shooting Of Real Estate ...CBS Localall 344 news articles »
  
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• Black Knight: 8% of borrowers underwater

  04-05-2015 11:00
  
  While the nation’s negative equity situation remains one of overall improvement, negative equity distribution varies considerably depending upon geographical location.
  
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• New York Brokers Discuss Women & Real Estate Trends - Gotham Magazine

  04-05-2015 10:03
  
  Gotham Magazine
  New York Brokers Discuss Women & Real Estate Trends
  Gotham Magazine
  Are women buying more real estate? Advancing in the brokerage field? Top brokers discuss these and other hot button trends in our latest real estate roundtable. Steinberg and Kleier argue a point. For Gotham's Women of Influence issue, we asked real ...
  
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• The No. 1 threat to the real estate industry: Transactional versus relational ... - Inman.com

  04-05-2015 10:02
  
  The No. 1 threat to the real estate industry: Transactional versus relational ...
  Inman.com
  For years, it was believed that the biggest threat to the real estate industry was technology. If customers could simply click on a link to buy a property, would they still need professional help? Happily, we've since learned that technology can ...
  
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• Why Real Estate Should Be in Your Portfolio - Barron's

  04-05-2015 09:33
  
  Barron's
  Why Real Estate Should Be in Your Portfolio
  Barron's
  BNP Paribas Investment Partners' Jan Willem Vis argues that having listed real estate in your portfolio can lift your returns. Email; Print; 0 Comments; Order Reprints. Facebook. Share. Twitter. Google+. LinkedIn. smaller; Larger. close ...
  Real Estate Has Strong Q1ThinkAdvisorall 6 news articles »
  
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• National Real Estate Development Closes $141 Million Construction Loan with ... - MarketWatch

  04-05-2015 09:00
  
  National Real Estate Development Closes $141 Million Construction Loan with ...
  MarketWatch
  PHILADELPHIA, May 04, 2015 (BUSINESS WIRE) -- National Real Estate Development (“National”) and Ullico Inc. (“Ullico”) have closed on a $141 million construction loan for 1100 Market Street, paving the way for construction start at National's East ...
  
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• Real Estate Bill: Opposition plans to put Centre on the mat - Chandigarh Tribune

  04-05-2015 07:54
  The Rakyat Post
  Real Estate Bill: Opposition plans to put Centre on the mat
  Chandigarh Tribune
  The Opposition parties are gearing up for another round of confrontation with the government over the Real Estate Bill and plan to move a motion demanding that the proposed legislation be referred to a parliamentary select committee for scrutiny.
  Congress rallies parties to push real estate bill to RS select panelEconomic Timesall 21 news articles »
  
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• Instagram's Role in Commercial Real Estate - Wall Street Journal

  04-05-2015 06:50
  
  Wall Street Journal
  Instagram's Role in Commercial Real Estate
  Wall Street Journal
  Instagram, which has become the preferred social-media tool for many New York residential real-estate brokers, is beginning to show up more in the commercial real-estate brokerage business as well. Commercial firms and brokers remain much heavier ...
  
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• Real estate transactions: May 4, 2015 - Bradenton Herald

  04-05-2015 06:31
  Real estate transactions: May 4, 2015
  Bradenton Herald
  $10,200,000 Theriac Enterprises of Bradenton LLC to HC 6310 Health Parkway Units 100 and 200 LLC, Lakewood Ranch MOB III, O.R. Book 02566 Page 0157, April 24. $6,660,600 LRCMPB7 10 LLC to Hemisphere Lakewood Ranch LLC, Blk B Lakewood ...
  
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• Loan deadline sparks frenzy in real estate fundraising - Pensions & Investments

  04-05-2015 06:03
  Pensions & Investments
  Loan deadline sparks frenzy in real estate fundraising
  Pensions & Investments
  Real estate managers predict investors seeking income will find opportunities in the wave of real estate loans — mostly underlying commercial mortgage-backed securities maturing over the next three years — that will need to be refinanced or restructured.and more »
  
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• Monday Morning Cup of Coffee: Home price and wage divergence raise alarms

  04-05-2015 06:01
  
  The Countrywide and Citigroup settlements are on the verge of being paid, but looking ahead the housing market has problems now like what led up to the housing crisis in the first place. Is mortgage finance in a doomed time loop, or just not learning from its mistakes?
  
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• Not real estate; more like real estates - Dallas Morning News

  04-05-2015 03:56
  
  Dallas Morning News
  Not real estate; more like real estates
  Dallas Morning News
  Walnut Place is among Christie's International Real Estate's luxury properties. Lavish homes are “trophies now,” says Dan Conn, CEO of Christie's real estate brokerage. Published: 03 May 2015 08:55 PM. Updated: 03 May 2015 08:55 PM. WASHINGTON ...and more »
  
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• Magical Words In Real Estate: Plan 9 From Outer Space Was Filmed Here! - io9

  04-05-2015 00:19
  
  io9
  Magical Words In Real Estate: Plan 9 From Outer Space Was Filmed Here!
  io9
  Granted, 5628 1/2 Santa Monica Boulevard has changed a lot since Ed Wood and his merry band of grave robbers prowled Hollywood. The 14,000 square foot property, built in 1925, is now an apartment building with a bar, “Gold Diggers Entertainment,” ...
  
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• Top 10 Cities for Families

  04-05-2015 00:00
  Find out what cities ranked as having the best quality of life for families with children.
  
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• Survey Reveals Top Remodeling Projects

  04-05-2015 00:00
  Kitchen remodel projects were dethroned again by what has been emerging as a more popular choice to spend remodeling dollars. 
  
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• Phoenix Takes Stand Against Plywood on REOs

  04-05-2015 00:00
  Communities across America are voicing their concerns about blight, and in Phoenix, officials are blaming plywood as one of the...
  
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• News Corp Launches Luxury Real Estate Portal

  04-05-2015 00:00
  A newly launched global luxury real estate website called Mansion Global houses high-end property listings from brokerages and developers globally...
  
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• More Renters Are in Financial Trouble

  04-05-2015 00:00
  More than one in four renters use at least half of their household income to cover housing and utility costs, according to a new analysis. ...
  
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• Builders Cater to the Move-Up Buyer

  04-05-2015 00:00
  Move-up housing has become the most popular product type within new-home construction, a new survey reveals. 
  
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