Real estate news

• Zuckerberg’s housing troubles now include his neighbors

  02-06-2015 23:09
  
  While Facebook Chairman and CEO Mark Zuckerberg may rule the social media industry, he is getting into a bit of trouble in the housing sector. Zuckerberg’s former neighbors have added their names to the list of people involved in his current privacy squabble.
  
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• Quicken Loans CEO: The FHA has been hijacked by the Department of Justice

  02-06-2015 22:57
  
  Much of the industry scuttlebutt of late has been focused on Quicken Loans with its decision to sue the Department of Justice and the Department of Housing and Urban Development. In an exclusive interview with HousingWire, Quicken Loans’ CEO Bill Emerson said that the lender is not going to give in to the government’s pressure and tells us what's really going on.
  
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• BAML: Agency MBS results mixed but Fannie, Freddie solid

  02-06-2015 22:11
  
  Total returns were mixed across securitized products in May, according to a client note from Bank of America/Merrill Lynch, with securitized credit products providing higher total returns.
  
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• The best companies to work for in housing

  02-06-2015 21:57
  
  If you’re looking for a job you might want to try applying to these places first. These three companies ranked on Business Insiders' 10 best finance companies to work for.
  
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• JPMorgan Chase mortgage banker sentenced for bribery, tax evasion

  02-06-2015 21:28
  
  A Texas mortgage banker was sentenced to six months in prison, followed by six months of home confinement, for her role in a commercial bribery and tax evasion scheme in selling mortgage loans to preferred customers on the secondary market in exchange for payment.
  
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• Latest Freddie Mac high-LTV risk-sharing mortgage bond prices tight

  02-06-2015 19:07
  
  Freddie Mac announced the pricing of its second high loan-to-value risk-sharing bond of 2015, which is supported by loans with LTV ratios of 80-95%. According to Freddie Mac, the investor response to Structured Agency Credit Risk Series 2015-HQ2 was strong, and the deal priced tight compared with STACR Series 2015-HQ1.
  
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• Exclusive: Hedge funds to Macy's: Sell your real estate - Reuters

  02-06-2015 18:10
  
  TheStreet.com
  Exclusive: Hedge funds to Macy's: Sell your real estate
  Reuters
  NEW YORK Several hedge funds have asked U.S. department store company Macy's Inc (M.N) to consider options for its real estate, including selling some major sites and then leasing them back, according to several sources close to the matter. The push is ...
  Macy's (M) Stock Jumping on Possible Real Estate SaleTheStreet.comall 21 news articles »
  
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• MBA pushes to increase diversity in mortgage lending

  02-06-2015 18:10
  
  In an exclusive interview with HousingWire, Bill Emerson, the chairman-elect of the MBA and the chief executive officer of Quicken Loans, said that the MBA wants to prepare the housing finance industry for the new normal of the future, which will be far different than the history of mortgage lending to this point.
  
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• Goldman Sachs: Expect interest rates to rise in September

  02-06-2015 18:09
  
  However, in an email authored by Chief Economist Jan Hatzius, this forecast for rising interest rates to begin in September remains “a close call.”
  
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• TRID: Vital updates to your mortgage policies and procedures

  02-06-2015 17:30
  
  Much of the complication with TRID has risen out of the unknown, the what-ifs and past and current behavior of the regulators and investors. Here are several topics for all of us to consider and set policies and procedures on.
  
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• Opendoor, the Online Marketplace to Instantly Buy and Sell Real Estate ... - Business Wire (press release)

  02-06-2015 17:00
  Business Wire (press release)
  Opendoor, the Online Marketplace to Instantly Buy and Sell Real Estate ...
  Business Wire (press release)
  Opendoor reinvents the home buying experience to become the first to provide on-demand open houses and streamlined online transactions. Home shoppers can view an Opendoor home on their schedule - 24/7 - with their mobile device. (Photo: Business ...and more »
  
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• Scathing Senator Warren: SEC Chair’s tenure “extremely disappointing”

  02-06-2015 16:16
  
  The senator considered the de facto leader of the liberal wing of the Democrat party fired off a scathing 13-page open letter to the head of the Securities and Exchange Commission, criticizing her failure to keep promises made in confirmation. Want to know more?
  
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• Beachfront Real Estate: Oysters Help Restore California Coastline - NBCNews.com

  02-06-2015 15:49
  
  Beachfront Real Estate: Oysters Help Restore California Coastline
  NBCNews.com
  Along a 540-square-foot patch of the Southern California shoreline, a tiny restoration project is trying to accomplish a big goal: show that oysters can play a key role in revitalizing sea life along the coast. The native Olympia oysters, which once ...
  
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• s Heavy Hitters Cover All the Bases - GlobeSt.com

  02-06-2015 15:49
  
  GlobeSt.com
  s Heavy Hitters Cover All the Bases
  GlobeSt.com
  That's according to those who participated in Real Estate Forum's Retail Power Panel this year. Brought to you in conjunction with this month's ICSC RECon show and Real Estate Media Thought Leaders Marcus & Millichap's annual Retail Trends event at the ...
  
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• Strong demand for NYC luxury real estate: Pro - NBCNews.com

  02-06-2015 15:33
  
  NBCNews.com
  Strong demand for NYC luxury real estate: Pro
  NBCNews.com
  CNBC Ryan Serhant, Nest Seekers Internation and star of Bravo's "Million Dollar Listing New York, weighs in on the high-end real estate market in the Big Apple. Published June 2nd 2015, 6:21 am. advertisement. Related Videos. (3:57) Playing Next Next ...
  
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• Should You Invest In Real Estate? - Wall Street Journal

  02-06-2015 15:29
  
  Wall Street Journal
  Should You Invest In Real Estate?
  Wall Street Journal
  The Senate is stalled over authorizing President Obama to use military force against ISIS. WSJ's Jerry Seib explains. Photo AP · 1:08. A Peek at Some of the World's Most Expensive Handbags. 6/2/2015 12:19AM · 3:43. How Biden Coped With Family's ...and more »
  
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• Moody’s: SEC disclosure rule for due diligence enhances RMBS transparency

  02-06-2015 15:29
  
  The U.S. Securities and Exchange Commission’s Rule 15Ga-2 takes effect on June 15, for new residential mortgage-backed securities, and it should provide transparency into the credit quality of mortgage loans underlying transactions. How will this affect you?
  
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• 9 Commercial Real Estate REITs to Buy for Big Dividends - TheStreet.com

  02-06-2015 15:04
  
  TheStreet.com
  9 Commercial Real Estate REITs to Buy for Big Dividends
  TheStreet.com
  NEW YORK (TheStreet) -- With unemployment rates dropping this year and commercial real estate booming, it could be a good time to invest in commercial real estate REITs. These kind of real estate investment trusts invest in office buildings, warehouses ...
  Investors Real Estate Trust Lifted to Buy at Zacks (IRET)sleekmoney
  Investors Real Estate Trust Stock Rating Reaffirmed by Robert W. Baird (IRET)The Legacy
  In
  
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• CoreLogic: Home prices rose 6.8% annually in April

  02-06-2015 14:15
  
  Home prices grew 6.8% between April 2014 and April 2015, but that rate of growth is projected to slow. Still, this is a high-side read on prices. Here’s why.
  
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• Help homebuyers understand real estate's secret 'free lunch' - Inman.com

  02-06-2015 13:04
  
  Help homebuyers understand real estate's secret 'free lunch'
  Inman.com
  “There's no such thing as a free lunch.” This statement is true for most investments, such as annuities, life insurance and mutual funds. But real estate does have a little-known “free lunch” that can transform a prospect's home-buying experience ...
  
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• Altus Group Strengthens UK Commercial Real Estate Services Through ... - MarketWatch

  02-06-2015 12:03
  
  Altus Group Strengthens UK Commercial Real Estate Services Through ...
  MarketWatch
  TORONTO, ONTARIO, Jun 02, 2015 (Marketwired via COMTEX) -- Altus Group Limited ("Altus Group" or "the Company") (AIF), a leading provider of commercial real estate services, software and data solutions, announced today that it has acquired Maxwell ...and more »
  
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• Real estate infographics: Goldilocks home prices, college degrees and home ... - Inman.com

  02-06-2015 11:16
  
  Real estate infographics: Goldilocks home prices, college degrees and home ...
  Inman.com
  Too hot ... too cold ... just right! <a href='#'><img alt='The Goldilocks Housing Analysis ' src='https:&#47;&#47;public.tableau.com&#47;static&#47;images&#47;Th&#47;TheGoldilocksMarketAnalysisApril2015&#47;Dashboard1&#47;1_rss.png' style='border: ...and more »
  
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• The 20 Hottest U.S. Real Estate Markets in May 2015 - Realtor.com News

  02-06-2015 10:03
  
  Realtor.com News
  The 20 Hottest U.S. Real Estate Markets in May 2015
  Realtor.com News
  The housing market is chugging ahead, with even higher home prices and more buyer activity—and in May, we're seeing more than the ordinary seasonal uptick. “On the demand side, we are seeing traffic and searches on realtor.com® continue to set new ...and more »
  
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• St. Louis County set to auction prime real estate - Duluth News Tribune

  02-06-2015 08:07
  
  Duluth News Tribune
  St. Louis County set to auction prime real estate
  Duluth News Tribune
  If you are looking for land to build a new home or business on, St. Louis County has a deal for you, including some prime real estate within Duluth. Advertisement. Print. Fantastic Sams. Mens Haircuts $11.00 on Tuesdays · Print. Piedmont Barbers and Salon.and more »
  
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• Andrew Cuomo's Administration Involved in Federal Corruption Probe of Real ... - International Business Times

  02-06-2015 07:17
  
  International Business Times
  Andrew Cuomo's Administration Involved in Federal Corruption Probe of Real ...
  International Business Times
  Gov. Andrew Cuomo's administration won't disclose details of housing agency loans to his top campaign donor. Pictured: Cuomo speaks at an event to support his reelection on Oct. 30, 2014, in New York City. Andrew Burton/Getty Images. Cuomo. Gov.
  Feud Over Real Estate Tax Break Proposal Heats Up Between Mayor, GovernorNY1
  Real estate fight marks end
  
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• SJC to decide if real estate agents are staff or contractors - Boston Globe (subscription)

  02-06-2015 05:07
  
  SJC to decide if real estate agents are staff or contractors
  Boston Globe (subscription)
  A ruling expected this month by the state's highest court could fundamentally redefine the business relationship between real estate brokerages and their agents, prompting warnings of turmoil from industry leaders. At the heart of a case pending before ...and more »
  
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• Commercial Real Estate: New Transaction Platform, MREN, Launched - Realty Today

  02-06-2015 04:27
  
  Realty Today
  Commercial Real Estate: New Transaction Platform, MREN, Launched
  Realty Today
  CHICAGO, IL - MARCH 04: The Willis Tower, formerly known as the Sears Tower, dominates the southern end of the downtown skyline on March 4, 2015 in Chicago, Illinois. The building, completed in 1973, was the world's tallest for more than two decades.
  
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• Chinese real estate tycoon bets on 'uber for offices' - CNBC

  02-06-2015 03:46
  
  CNBC
  Chinese real estate tycoon bets on 'uber for offices'
  CNBC
  Zhang Xin is most well-known for the modern architecture that has transformed the Beijing skyline. The co-founder and CEO behind SOHO China spent the last two decades building a property empire with her husband Pan Shiyi, at the same time that Beijing ...
  
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• Kelly Gearhart faces 11 years in prison for real estate scheme - The San Luis Obispo Tribune

  02-06-2015 03:38
  Kelly Gearhart faces 11 years in prison for real estate scheme
  The San Luis Obispo Tribune
  Federal prosecutors think former Atascadero Citizen of the Year Kelly Gearhart should get at least 11 years in prison for defrauding hundreds of investors in a Ponzi real estate scheme, according to a court document filed by the U.S. Attorney's Office ...
  
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• HSBC facing $34 billion mortgage debt lawsuit

  02-06-2015 00:28
  
  According to the article, the judge dismissed some claims, including for negligence and negligent misrepresentation. She gave the plaintiffs 30 days to amend their complaints, and scheduled a June 24 conference.
  
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• RBS loses leader of asset-backed products and credit trading

  02-06-2015 00:13
  
  The Royal Bank of Scotland Group, which is already in the midst a massive upheaval in its mortgage-trading business, is losing the global head of asset-backed products and credit trading, according to a report from Bloomberg.
  
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• First Tennessee Bank to pay $212.5 million for faulty FHA underwriting

  02-06-2015 00:05
  
  First Tennessee Bank, the regional bank for First Horizon National, will pay $212.5 million to resolve allegations that it violated the False Claims Act by “knowingly originating and underwriting mortgage loans insured by the Federal Housing Administration that did not meet applicable requirements,” the Department of Justice announced Monday.
  
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