Real estate news

• Ellie Mae revenue surges 65%

  30-07-2015 23:07
  
  Ellie Mae marked another strong quarter on its books, with its second-quarter revenue surging to $65.9 million, up 65% from $40 million for the same period a year ago.
  
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• Ocwen’s profits fall sharply in second quarter

  30-07-2015 22:35
  
  After returning to profitability in the first quarter, reversing a trend that saw it lose $546 million in 2014, Ocwen Financial reported Thursday that it also made a profit in the second quarter – albeit a much smaller one. Here are all the details.
  
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• REITs present attractive M&A option for real estate-heavy providers - ModernHealthcare.com

  30-07-2015 22:01
  
  REITs present attractive M&A option for real estate-heavy providers
  ModernHealthcare.com
  Deals between hospital operating companies and real estate investment trusts are expected to become more common as more providers realize that it's time to cash in on their bloated real estate portfolios. Cost-intensive acute-care hospitals are now ...and more »
  
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• Hipsters hate housing, yet help it, one beard at a time

  30-07-2015 22:00
  
  Take away their pile of student debt and lack of interest in housing, and hipster are still contributing to society and helping other industries. In fact, the bike, beer and beard industries love the hipster movement.
  
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• CFPB to mortgage industry: Get out of MSAs

  30-07-2015 21:50
  
  The Consumer Financial Protection Bureau wants to mortgage lenders to stop using marketing services agreements, and it’s using the stick rather than the rules process to do so. The industry says no fair, that's regulation by enforcement. What do you think?
  
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• Doing the math on real estate taxes: capital gains and the 1031 exchange - Fox News

  30-07-2015 20:56
  
  Fox News
  Doing the math on real estate taxes: capital gains and the 1031 exchange
  Fox News
  If you've sold a home, then you're probably familiar with the capital gains tax – the government's way of getting a piece of the accrued appreciation in your home. If you've owned your house for more than a year, congratulations – you have an ...
  
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• NYC real estate agents are pulling off 'showings on demand' - Inman.com

  30-07-2015 20:51
  
  NYC real estate agents are pulling off 'showings on demand'
  Inman.com
  Are you set up for success in 2016? Join 2,500 real estate industry leaders Aug. 4-7, 2015, at Inman Connect in San Francisco. Get Connected with the people and ideas that will inspire you and take your business to new heights. Register today and save ...and more »
  
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• Regulatory uncertainty, toxic environment drives Wells Fargo, Prospect out of MSAs

  30-07-2015 19:52
  
  Two major players in the mortgage space are discontinuing marketing activities that depend on Marketing Services Agreements because of regulatory uncertainty, recent interpretations of RESPA, and a generally toxic environment because of inconsistent CFPB enforcement. And more are rumored to be dropping MSAs, too. Here's why.
  
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• Regulatory uncertainty, toxic environment drive Wells Fargo, Prospect out of MSAs

  30-07-2015 19:52
  
  Two major players in the mortgage space are discontinuing marketing activities that depend on Marketing Services Agreements because of regulatory uncertainty, recent interpretations of RESPA, and a generally toxic environment because of inconsistent CFPB enforcement. And more are rumored to be dropping MSAs, too. Here's why.
  
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• CFPB fines Residential Credit Solutions $1.5 million for illegal mortgage servicing

  30-07-2015 18:40
  
  According to the CFPB, Residential Credit Solutions failed to honor modifications for loans transferred from other servicers, treated consumers as if they were in default when they weren’t, sent consumers escrow statements falsely claiming they were due a refund, and forced consumers to waive their rights in order to get a repayment plan.
  
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• LRES names new VP of sales

  30-07-2015 18:27
  
  LRES hired Nick Grant as vice president of sales, where he is responsible for managing LRES’ sales and business development operations, building customer relationships and growing new relationships with mortgage lenders and servicers.
  
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• LRES names new senior VP of sales

  30-07-2015 18:27
  
  LRES hired Nick Grant as senior vice president of sales, where he is responsible for managing LRES’ sales and business development operations, building customer relationships and growing new relationships with mortgage lenders and servicers.
  
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• House Committee approves slate of mortgage, housing reforms

  30-07-2015 18:03
  
  The Financial Services Committee approved a slate of bipartisan bills directly impacting the mortgage and housing finance space Wednesday. How could it affect you? Here’s everything on the docket.
  
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• Trending Thursday: Is the job description “financial press” or “palace guard?”

  30-07-2015 17:00
  
  A lot of people are suggesting that many of the mainstays in the financial press aren’t asking the right questions in coverage — from the Fed to FannieGate. Truth, or trolls? Plus credit conditions and the impact of regulations on mortgage banking. Read on, brave soul.
  
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• Freddie Mac: Mortgage rates fluctuate around 4%

  30-07-2015 16:25
  
  Mortgage rates moved lower once again, falling just enough to slip under 4%. Rates continue to fluctuate as events change overseas and the Fed still gives no signs of when interest rates will rise.
  
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• GYM, TAN, SELL? The Sorrentinos are making real estate their newest family ... - New York Daily News

  30-07-2015 16:01
  New York Daily News
  GYM, TAN, SELL? The Sorrentinos are making real estate their newest family ...
  New York Daily News
  Gym, tan — sell? Brace yourselves, New York apartment hunters. The family of “Jersey Shore” star Mike “The Situation” Sorrentino is getting into the Manhattan real estate game, a year after its own family show, “The Sorrentinos” went off the air ...
  
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• What's hot in Northern Virginia real estate - Washington Post (blog)

  30-07-2015 15:05
  
  What's hot in Northern Virginia real estate
  Washington Post (blog)
  Tim Savoy, a real estate agent with Coldwell Banker Residential Brokerage in Dupont Circle, writes an occasional column about the Washington area housing market. If you live in Northern Virginia and think the real estate market is making the same ...and more »
  
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• Servicer focus on mortgage delinquencies severely impacts current borrowers

  30-07-2015 14:01
  
  Despite the percentage of loans in delinquency dropping to less than 5% of all loans in June, mortgage servicers are still paying an inordinate amount of attention to delinquent borrowers, severely impacting the servicers’ overall customer experience, a new report shows. Here's what servicers can do to fix it.
  
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• Quicken Loans tops J.D. Power mortgage servicer rankings again

  30-07-2015 14:01
  
  For the second year in a row, Quicken Loans has the most satisfied customers of any mortgage servicer, according to the J.D. Power 2015 U.S. Primary Mortgage Servicer Satisfaction Study. Who else made the list? Click through and see.
  
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• Vineland property sells for $3.6M | South Jersey real estate - NJ.com

  30-07-2015 13:33
  
  NJ.com
  Vineland property sells for $3.6M | South Jersey real estate
  NJ.com
  Real-estate-sign.jpg South Jersey Times. BRIDGETON. — 32–34 Academy St., Darrin Pulman to Kenneth E. Drake III for $132,000. — 360 N. Laurel St., Deutsche Bank National Trust Co. to Calogero DiFranco for $37,000. — 435 Manheim Ave., Fannie Mae ...
  
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• Dayton's industrial real estate market shines - Dayton Business Journal (blog)

  30-07-2015 12:38
  
  Dayton Business Journal (blog)
  Dayton's industrial real estate market shines
  Dayton Business Journal (blog)
  The warehouses and industrial facilities across the Dayton region are getting more interest these days. In fact, after several recent leases and purchases, the local industrial real estate market saw about 160,000 square feet of positive absorption in ...
  
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• State Rep Brian Turner Now Also a Commercial Real Estate Agent - Realty Today

  30-07-2015 12:03
  
  Realty Today
  State Rep Brian Turner Now Also a Commercial Real Estate Agent
  Realty Today
  According to Citizen Times, NAI Beverly-Hanks officially announced last Tuesday that State Rep. Brian Turner is joining as a commercial real estate broker. State Rep. Turner Democratic member of the North Carolina House of Representatives, representing ...
  
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• The incredible rise of Gurgaon's commercial real estate - Quartz

  30-07-2015 09:15
  
  The incredible rise of Gurgaon's commercial real estate
  Quartz
  Stoked by swiftly expanding startups and multinational corporations, Gurgaon is fast emerging as the rising star of India's commercial real estate market, but the old guard in New Delhi and Mumbai's central business districts (CBD) is still holding strong.
  
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• Real Estate Regulation report expected: Realty stocks soar - Economic Times

  30-07-2015 08:49
  
  The Indian Express
  Real Estate Regulation report expected: Realty stocks soar
  Economic Times
  NEW DELHI: Stocks of real estate developers surged up to 20 per cent in trade as a 21-member committee was expected to come up with a report on The Real Estate (Regulation and Development) Bill, 2013 in the upper house (Rajya Sabha) today. The Bill ...
  Parliament: Panel to table report on real estate Bill todayThe Indian Express
  Realty shares surge; Panel to table report on real estate BillIndiainf
  
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• Shadow lenders push deeper into risky commercial real estate - The Seattle Times

  30-07-2015 07:07
  
  Shadow lenders push deeper into risky commercial real estate
  The Seattle Times
  Asset managers that operate outside the banking industry's regulatory oversight are becoming more active in a market that burned traditional lenders in the 2008 financial crisis. By Christine Idzelisand Craig Torres. Bloomberg News. Seven years after ...
  
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• Fenton family loses thousands in bad real estate transaction - KMOV.com

  30-07-2015 06:01
  
  Fenton family loses thousands in bad real estate transaction
  KMOV.com
  A Fenton couple said they lost $24,000 after they got roped into a bad real estate transaction. News 4 Investigates' Chris Nagus went to get answers for the family. Watch News 4 Now. Mouse over player for controls · LAUNCH FULL PLAYER. LocalMore>> ...and more »
  
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• RealtyTrac: Share of seriously underwater foreclosures hits new low

  30-07-2015 06:01
  
  There were 7,443,580 U.S. residential properties that were seriously underwater at the end of the second quarter, representing 13.3% of all properties with a mortgage. But the number of homeowners who are equity rich dropped 300,000. What does it mean? Read on.
  
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• Real Estate Fraud Victim: 'Everything was fake' - wnep.com

  30-07-2015 04:12
  
  wnep.com
  Real Estate Fraud Victim: 'Everything was fake'
  wnep.com
  HAZLETON — Attorney Ed Olexa is representing 20 people in a case against Hazleton real estate agent Ignacio Beato. They all say they paid Beato in cash for homes they thought they were buying, but the buyers say it was all a scam. Those 20 people say ...
  
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• Northwest real estate find: Entai Beach - seattlepi.com

  30-07-2015 03:43
  
  seattlepi.com
  Northwest real estate find: Entai Beach
  seattlepi.com
  Beaches are a nice place to be. So is the forest, and so, too, are boats. Well, you can have it all in one chunk of property with this over-the-top estate for sale near Bremerton. Fronted along 1,500 feet of Entai Beach -- not far from the Bremerton ...
  
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• Apple dives into SoMa for first big S.F. real estate grab - San Francisco Business Times (blog)

  30-07-2015 00:07
  
  San Francisco Business Times (blog)
  Apple dives into SoMa for first big S.F. real estate grab
  San Francisco Business Times (blog)
  CBS Interactive has called 235 2nd St. home for about 15 years. Apple is set to sublease… more. The San Francisco office market may get its first big bite of Apple. Apple Inc. (NASDAQ: AAPL) reached an agreement to rent about 76,000 square feet of ...
  
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• The 10 Healthiest Housing Markets in 2015

  30-07-2015 00:00
  Boston emerges on top of a new list ranking the healthiest real estate markets. Find out which other cities topped the list. 
  
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• Retirees Choosing to 'Upsize' Homes

  30-07-2015 00:00
  Americans traditionally have chosen to downsize and live more modestly in retirement, but that may no longer be the case.
  
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• Pending Home Sales Cool Off Slightly

  30-07-2015 00:00
  After five consecutive months of increases, pending home sales reversed course and dropped in June, a slight ease to what has been a red-hot...
  
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• More Young Adults Living at Home

  30-07-2015 00:00
  A new study shows that despite improvements in the job market, millennials are staying put with their families.
  
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• Man Disguised as Woman Attacks Agent

  30-07-2015 00:00
  Atlanta area police have arrested a man who allegedly wore a woman's dress and wig and attacked a female real estate professional during a...
  
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• Less Equity? 'Underwater' Properties Tick Up

  30-07-2015 00:00
  "Slowing home price appreciation in 2015 has resulted in the share of seriously underwater properties plateauing at about 13 percent of all...
  
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