Real estate news

• Say goodbye to Green Tree; company merging with Ditech

  05-08-2015 23:27
  
  Unbeknownst to most of the industry, Green Tree Servicing is in the last few weeks of its existence, but the company is not closing. Green Tree’s parent company, Walter Investment Management Corp., is merging Green Tree with another of Walter Investment’s well-known subsidiaries, Ditech Mortgage Corp.
  
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• Listen now: Laura Roy from The Real Estate Group - Inman.com

  05-08-2015 23:04
  
  Listen now: Laura Roy from The Real Estate Group
  Inman.com
  Not a Select member? Join Inman Select today and save 25 percent on an Annual membership, plus get instant access to a live stream of Connect. Use promo code: icsf15 at checkout. SIGN UP NOW.
  
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• How Good Is Too Good? The Underwriting Risks Of Crowdfunding Real Estate Deals - Crowdfund Insider

  05-08-2015 22:58
  Crowdfund Insider
  How Good Is Too Good? The Underwriting Risks Of Crowdfunding Real Estate Deals
  Crowdfund Insider
  The awareness and popularity of real estate based equity crowdfunding (i.e. “RECfunds”) continues to grow exponentially. As do the number of real estate crowdfunding portals. RECFunds offer substantial benefits to today's investors including access to ...
  
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• 50 Cent’s home holds a history of bankrupt owners

  05-08-2015 21:59
  
  Court documents from the bankruptcy file of Curtis Jackson, also known as the rapper 50 Cent, show that he was spending $72,000 a month to maintain his home. However, it turns out Jackson isn't the only person who has lived in that house who has filed for bankruptcy.
  
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• German Lenders Are Racing Back Into the US Real Estate Market - Commercial Observer

  05-08-2015 21:49
  
  German Lenders Are Racing Back Into the US Real Estate Market
  Commercial Observer
  If you think New York's summer has been hot, take a look across the ocean. Along with European temperatures reaching 100 degrees Fahrenheit, investors and lenders throughout the continent have been sweating over the economic turmoil there, which ...
  
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• Fed IG: CFPB headquarters renovation costs “reasonable”

  05-08-2015 21:29
  
  An audit released on Wednesday by the Federal Reserve Inspector General regarding the controversial cost of renovating the Consumer Financial Protection Bureau’s new headquarters says that “construction costs are reasonable” and that controls for oversight are designed appropriately. Not everyone agrees.
  
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• Fed watchdog: CFPB headquarters' renovation costs “reasonable”

  05-08-2015 21:29
  
  An audit released on Wednesday by the Federal Reserve Inspector General regarding the controversial cost of renovating the Consumer Financial Protection Bureau’s new headquarters says that “construction costs are reasonable” and that controls for oversight are designed appropriately. Not everyone agrees.
  
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• Lowe's Invests In SoloPro, A Service That Unbundles Real Estate Agent Services - TechCrunch

  05-08-2015 21:18
  
  TechCrunch
  Lowe's Invests In SoloPro, A Service That Unbundles Real Estate Agent Services
  TechCrunch
  SoloPro, a service that unbundles real estate services and gives buyers a 3 percent rebate when they buy a home through the service, today announced that it has received a strategic investment from home improvement giant Lowe's venture arm. Neither ...and more »
  
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• Lender pleads guilty in $12.7M warehouse lending scheme

  05-08-2015 21:17
  
  The former owner of an Orange County, California mortgage lending company pleaded guilty to bank fraud in U.S. District Court in Louisville, Kentucky in a warehouse lending fraud.
  
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• Real estate technology accelerator launched - Real Estate Weekly

  05-08-2015 20:13
  Real Estate Weekly
  Real estate technology accelerator launched
  Real Estate Weekly
  MetaProp NYC, the New York real estate technology accelerator, announced its first 2015/16 participant Rentalutions, Inc. — an online platform created to help landlords easily manage their residential rental properties — as well as its sixth ...
  
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• Fannie Mae Collateral Underwriter version 3.0 out soon

  05-08-2015 19:49
  
  After some lender feedback, Fannie Mae announced it updated Collateral Underwriter and is releasing CU version 3.0 during the weekend of Sept. 26 to better fit user needs.
  
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• Real Estate Investment Aided by Ponzi Scheme Could Recoup Victims' Money - New York Times

  05-08-2015 19:43
  New York Times
  Real Estate Investment Aided by Ponzi Scheme Could Recoup Victims' Money
  New York Times
  MONTAUK, N.Y. — With the ocean roaring in front of them, guests relaxed under white umbrellas on a recent summer afternoon here. Stacked against a hill behind them were the villas and cottages of the Panoramic View, the beneficiary of one of the most ...
  
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• Walker & Dunlop loan origination volume soars 45%

  05-08-2015 19:26
  
  It was another successful quarter for Walker & Dunlop. The company posted a second quarter 2015 net income of $20.2 million, a 56% increase from second quarter 2014 net income of $12.9 million.
  
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• New real estate section coming Sunday - Jackson Clarion Ledger

  05-08-2015 19:16
  
  Jackson Clarion Ledger
  New real estate section coming Sunday
  Jackson Clarion Ledger
  “Nobody can go back and start a new beginning, but anyone can start today and make a new ending.” — Maria Robinson. When we decided to relaunch our Sunday real estate section, we didn't want to just do it to do something new. Our goal was, from the ...
  
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• Zillow planning to take lead in online transaction revolution

  05-08-2015 19:15
  
  Are we entering the era of the paperless real estate transaction? Zillow thinks so, and it wants to take the lead in revolutionizing real estate transactions by taking the entire home-buying process online.
  
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• JPMorgan meets market demand, lowers jumbo requirements

  05-08-2015 18:46
  
  Chase changed the requirements on its jumbo loan products to better match its peers in the market. Is the market getting hungrier for jumbo mortgages?
  
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• SEC passes CEO Pay Ratio Rule on 3-2 partisan vote

  05-08-2015 18:35
  
  A new federal rule first passed under the Dodd-Frank Act will require public companies to list their chief executives' total annual compensation as a ratio to their workers' median pay. Hooray, regulations?
  
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• July’s employment report looks ugly

  05-08-2015 18:09
  
  Friday's employment report will be a flop, based on ADP's estimate for private payrolls which it sees rising only 185,000. Worried?
  
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• American Capital Real Estate Finance Expands Investment Team - MarketWatch

  05-08-2015 17:49
  
  American Capital Real Estate Finance Expands Investment Team
  MarketWatch
  BETHESDA, Md., Aug. 5, 2015 /PRNewswire/ -- American Capital, Ltd. ACAS, -0.81% (the "Company") announced today that the American Capital Real Estate Finance Group ("ACRF") has expanded its investment team with three new members: Jeff Erhardt, ...and more »
  
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• Now That Medical Marijuana Is Real, It Becomes a Real Estate Question - Commercial Observer

  05-08-2015 17:03
  
  Now That Medical Marijuana Is Real, It Becomes a Real Estate Question
  Commercial Observer
  Five lucky companies were approved for a pot license last week—so medical marijuana is now a real thing in New York, with at least two dispensaries slated for Manhattan, two for Queens and one for the Bronx. The winners had to meet very specific ...and more »
  
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• What’s the over/under on an interest rate hike by the end of 2015?

  05-08-2015 17:00
  
  The upward trend in mortgage interest rates seems to be holding back mortgage applications over the long haul, even as mortgage applications came in stronger this week. The question is, will this put pressure on the Federal Reserve to put the kibosh on an interest rate hike? Want to make it interesting?
  
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• Which Six-Digit Washington, D.C. Listing Is the Better Deal? - Curbed DC

  05-08-2015 16:29
  
  Which Six-Digit Washington, D.C. Listing Is the Better Deal?
  Curbed DC
  Imagine you have around $800,000 to spend on a place and you've narrowed it down to two Washington, D.C. listings. How do you make up your mind? The answer is simple: you shove them into a metaphorical cage and let them battle it out until one ...
  
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• Real estate players hunt for big dollars to help pass housing bond, beat ... - San Francisco Business Times (blog)

  05-08-2015 16:07
  
  San Francisco Business Times (blog)
  Real estate players hunt for big dollars to help pass housing bond, beat ...
  San Francisco Business Times (blog)
  A group of housing advocates and developers from across San Francisco's political spectrum wants to raise at least $1 million to ensure victory for City Hall's top priority on the Nov. 3 ballot. The $310 million housing bond, called Proposition A, has ...
  
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• How reliable are those online real estate sites? - Washington Post (blog)

  05-08-2015 15:07
  
  How reliable are those online real estate sites?
  Washington Post (blog)
  Jon Coile, chairman of Rockville-based multiple-listing service MRIS, writes occasional commentary on the Washington area housing market. Whether you are just mildly curious about your neighbor's house or actively searching for your next home, online ...
  
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• Morgan Stanley Raises $1.7 Billion for Global Real Estate Fund - MarketWatch

  05-08-2015 14:05
  
  Reuters
  Morgan Stanley Raises $1.7 Billion for Global Real Estate Fund
  MarketWatch
  NEW YORK, Aug 05, 2015 (BUSINESS WIRE) -- Morgan Stanley Real Estate Investing (MSREI) today announced that it has raised aggregate commitments of approximately $1.7 billion for North Haven Real Estate Fund VIII Global (G8) and related ...
  Morgan Stanley raises $1.7 billion for real estate fundReuters
  Morgan Stanley Raises $1.7 Bln For Global Real Estate Fund - Quick FactsNasdaqall 13 news articles &raq
  
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• What Makes a Top New York Real Estate Agent? Adele Kuczmarski is The Perfect ... - Realty Today

  05-08-2015 13:53
  
  Realty Today
  What Makes a Top New York Real Estate Agent? Adele Kuczmarski is The Perfect ...
  Realty Today
  SAN FRANCISCO, CA - JULY 30: Real estate agent Maurice Dolan (R) hands out information on a home for sale during an open house on July 30, 2013 in San Francisco, California. According to the S&P/Case Shiller composite index survey of 20 ...and more »
  
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• Mortgage applications jump a solid 4.7% in last week of July

  05-08-2015 13:00
  
  Mortgage applications increased 4.7% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending July 31, 2015. Want to know why?
  
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• B2R Finance adds Brad Weber as chief accounting officer

  05-08-2015 00:19
  
  In this role, Weber will lead the accounting, reporting and control functions, as well as human resources and regulatory compliance. Weber will also be a member of the executive committee, which is comprised of the company’s senior-most leadership team.
  
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• Real Estate Money Fills Campaign Coffers of Oakland Politicians - East Bay Express

  05-08-2015 00:10
  
  East Bay Express
  Real Estate Money Fills Campaign Coffers of Oakland Politicians
  East Bay Express
  Last week, Oakland politicians and major campaign committees disclosed the fruits of their fundraising activities for the first half of 2015. The biggest source of cash for Oakland's politicians appears to be the real estate industry. With a haul of ...
  
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• Who Faces the Most Financial Hurdles?

  05-08-2015 00:00
  A new study shows that millennials have the biggest job ahead of them in terms of repairing their credit. 
  
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• New Crop of Investors Lured to Farmland

  05-08-2015 00:00
  Investors are flocking to farmland again, hoping to capitalize on what they view as a temporary slump in the agriculture industry that has pushed...
  
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• More States Break Previous Home Price Peaks

  05-08-2015 00:00
  Fifteen states and the District of Columbia soared to new highs in home prices in June.
  
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• Loan Demand Gets Boost from Refinancings

  05-08-2015 00:00
  After three mostly stagnant weeks, total mortgage applications were on the rise last week, with refinancing applications mostly leading the charge...
  
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• Commercial Sale Breaks Online Auction Record

  05-08-2015 00:00
  The $96 million sale of the Manhattan Towers in an online auction has become the largest e-commerce transaction ever, according to Guinness...
  
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• Century 21 Sweeps Satisfaction Survey

  05-08-2015 00:00
  In J.D. Power's 2015 Home Buyer/Seller Satisfaction Study, this franchise took home the gold across four categories of consumers, though there...
  
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