Real estate news

• Freddie Mac sells off $1.1 billion in Ocwen-serviced mortgages

  16-09-2015 23:35
  
  Freddie Mac announced Wednesday that it selected the winning bidders in the sale of more than $1 billion in non-performing loans that are currently being serviced by Ocwen Loan Servicing, the servicing arm of Ocwen Financial. And one of the winning bidders is a frequent buyer of GSE non-performing loans.
  
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• Two plead guilty to $18.5M mortgage modification scheme

  16-09-2015 22:35
  
  Two men pled guilty for their roles in orchestrating a massive mortgage modification scheme that collectively defrauded over 8,000 homeowners out of over $18.5 million. Here's what they did.
  
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• The Real Deal holds China's biggest US real estate event ever - The Real Deal Magazine (blog)

  16-09-2015 22:31
  The Real Deal Magazine (blog)
  The Real Deal holds China's biggest US real estate event ever
  The Real Deal Magazine (blog)
  China has emerged as a major player in American real estate, so it's fitting that The Real Deal's U.S. Real Estate Showcase & Forum in Shanghai was the largest U.S.-focused real estate event ever held in the country. The industry's leading developers, ...and more »
  

• Seattle real estate ad insults working moms in the worst way - Mashable

  16-09-2015 21:54
  Mashable
  Seattle real estate ad insults working moms in the worst way
  Mashable
  Working moms just can't catch a break. Their co-workers frequently see them as less competent and less dedicated to their jobs, according to research, and they may still encounter judgment about working outside the home. Recently, Costello and Costello ...
  Costello and the Costello Real Estate Group has Issued an Apology after ...Realty Today
  Issaquah real estate agents under fire for sexist adMyNorthwest.comall
  

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• Defamation and deletions: Legal battle between Zillow, Move rages on

  16-09-2015 21:54
  
  The ongoing legal battle between Zillow Group and Move over accusations of theft of trade secrets and unfair competition continues, with new allegations and counterclaims of defamation, destruction or hiding of evidence, and more.
  
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• To hike or not to hike? Fed debates interest rates

  16-09-2015 20:10
  
  For the next 24 or so hours everyone is will be palavering about what’s going on behind the curtains at the Central Bank and what it means for housing. While a lot of analysts are expecting that tomorrow the Federal Reserve will announce the first real rate hike in seven years, not everyone is so certain. We have the latest.
  
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• HousingWire readers predict when interest rates will rise

  16-09-2015 18:53
  
  The industry anxiously awaits an announcement from the Federal Reserve for news that can change the way our entire world operates. And while most economist opinions are already known, what do HousingWire readers think? And even further, could they be right?
  
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• Fannie Mae says housing can survive market volatility this year

  16-09-2015 17:34
  
  Black Monday completely destroyed the stock market and even hindered housing stocks, but the housing market will live on. According to Fannie Mae, the housing market is actually expected to grow despite the volatility.
  
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• Which Michigan city has the hottest real estate market in the state? - MLive.com

  16-09-2015 17:32
  MLive.com
  Which Michigan city has the hottest real estate market in the state?
  MLive.com
  Realtor.com recently looked at ZIP codes where housing markets were growing. The real estate authority ranked cities based on how fast properties sold, and how often homes were viewed in the respective ZIP codes. Novi beat out San Antonio, Texas, ...
  

• Small Cap Buyers Have Big Appetite for Real Estate - National Real Estate Investor

  16-09-2015 16:21
  National Real Estate Investor
  Small Cap Buyers Have Big Appetite for Real Estate
  National Real Estate Investor
  Small property investment deals often fall in the shadow of large, trophy property sales that come with hefty price tags. But sales activity for real estate priced below $5 million is proving to be just as hot as it is for those larger assets. Broadly ...
  

• Homebuilder confidence continues to hit 10-year high

  16-09-2015 15:05
  
  Optimism among the nation's homebuilders continues to build as confidence in the market for newly constructed single-family homes continued its steady rise in September, and it looks like rising rental prices are pushing buyers into a buying state of mind. How so? Glad you asked. Read on.
  
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• Senate unanimously passes bill to cap Fannie, Freddie CEO pay

  16-09-2015 14:11
  
  Support is building to deny a big raise to the CEOs of Fannie Mae and Freddie Mac, as a Senate version of a House bill — doing just that — passed last night on unanimous vote. Here's what's next and what it means in the bigger picture.
  
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• Mortgage applications drop 7% for week

  16-09-2015 13:00
  
  Mortgage applications decreased 7% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Sept. 1. Although rates barely moved, most of them still moved lower.
  
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• Carlyle Raises $4.2 Billion for Seventh U.S. Real Estate Fund - Bloomberg

  16-09-2015 06:17
  Jewish Business News
  Carlyle Raises $4.2 Billion for Seventh U.S. Real Estate Fund
  Bloomberg
  Carlyle Group LP raised $4.2 billion for its seventh U.S. real estate fund, meeting the top end of its target range, in preparation for more property purchases at a time when prices are at record levels. The firm will expand investments in apartment ...
  Carlyle Group raises $4.2B for new real estate fundThe Real Deal Magazine (blog)
  Carlyle Group Raises $4.2 Billion for Seventh Real Estate FundJewish Bu
  

• Mississippi real estate firm accused of discrimination - Jackson Clarion Ledger

  16-09-2015 05:49
  Mississippi real estate firm accused of discrimination
  Jackson Clarion Ledger
  A complaint filed with the Department of Housing and Urban Development alleges a Brandon real estate company discriminated against black customers and encouraged white homebuyers to purchase houses in predominantly white areas. On Sept. 10, the ...and more »
  

• IRS Raises Red Flag on Real-Estate Spinoffs - Wall Street Journal

  16-09-2015 01:17
  Wall Street Journal
  IRS Raises Red Flag on Real-Estate Spinoffs
  Wall Street Journal
  Activist investors have been clamoring for companies to spin off real estate and unlock the value hidden in their headquarters, stores and land. This week, U.S. tax authorities weighed in with a message of their own: Not so fast. In new guidance, the ...
  IRS questions real estate spinoffsNation's Restaurant News (blog)all 4 news articles »
  

• Radian expands job-loss mortgage insurance program

  16-09-2015 00:21
  
  Citing the “overwhelmingly enthusiastic feedback” the program has received, Radian Guaranty announced an expansion of its MortgageAssure mortgage insurance program, which will pay a borrower’s mortgage if they suffer an involuntary job loss and fall behind on their mortgage payments for up to six months.
  
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• Wells Fargo rolls out $125B lending goal for Hispanic households

  16-09-2015 00:17
  
  The National Association of Hispanic Real Estate Professionals continues to make significant strides in the industry to push diversity, announcing a major milestone in its efforts. Wells Fargo Home Mortgage said its new goal is to originate $125 billion over the next 10 years in support of the Hispanic Wealth Project. And the goals don’t stop there.
  
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