Real estate news

• Fannie Mae updates tech to spur more mortgage modifications

  08-12-2015 23:53
  
  As part of an effort to allow more struggling borrowers to receive a mortgage modification, Fannie Mae announced updates to its procedures, which it says will increase both the number of mortgage modifications it supports and the speed in which those modifications are completed.
  
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• San Francisco Federal Credit Union unveils zero-down jumbo mortgages

  08-12-2015 22:42
  
  Citing the struggle to save money that many San Francisco residents face due to the city’s skyrocketing housing costs, one local lender is going to extreme measures to try to help area residents buy a home. San Francisco Federal Credit Union's new loan program will allow San Francisco-area borrowers to finance up to 100% of their mortgage – with no requirement for mortgage insurance – on loans up to $2 million.
  
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• Here's what the housing and mortgage industry will look like in 2016

  08-12-2015 21:00
  
  Since next year is shaping up to be a potentially chaotic, unstable and unprecedented year of upheaval around the world, it's hard to paint a good picture of what housing will look like. That being said, here are five predictions for the housing and mortgage industry-related for 2016.
  
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• Appraisal volume recovers some of last week’s drop

  08-12-2015 20:40
  
  While this week recovered some of the giant loss in volume from Thanksgiving, it fell a bit short of bringing the volume up to the levels seen the weeks before the holiday.
  
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• Ex-NFL star and his 74-year-old mother ordered to repay $615K for mortgage fraud

  08-12-2015 20:13
  
  Irving Fryar, who spent 16 years in the National Football League, starring for the New England Patriots, Miami Dolphins and Philadelphia Eagles during his career, and his 74-year-old mother were ordered to pay $615,600 in restitution to five lenders that were targets of a scheme that saw Fryar allegedly take out six home equity loans his mother’s home – at the same time.
  
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• It’s still profitable to originate mortgages

  08-12-2015 20:09
  
  While mortgage profits were slightly down and costs were marginally higher in the third quarter when compared to the second quarter, levels were still strong compared to last year. The latest numbers from the Mortgage Bankers Association dig into the minute details of how the business is holding up, and looking at the numbers, it wasn't a bad third quarter. But will these levels stay?
  
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• Freddie Mac sells off $1.1 billion in non-performing loans

  08-12-2015 18:51
  
  Freddie Mac announced Tuesday that it sold off 5,311 seriously delinquent loans from its investment portfolio. The loans carry an unpaid principal balance of approximately $1.1 billion. The sale, which was initially announced last month, had five pools of loans being sold to several different buyers, including one that has become familiar in sales like these.
  
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• Kim Kardashian, Taylor Swift won big in 2015 housing

  08-12-2015 18:50
  
  Off the stage and away from the camera, these celebrities are also conquering the world of housing, slowing building up substantial portfolios of real estate properties. On the flipside, the list also includes a few celebrities that aren’t doing so well.
  
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• Is Berkeley real estate becoming reliant on high-tech salaries? - Berkeleyside

  08-12-2015 04:51
  Berkeleyside
  Is Berkeley real estate becoming reliant on high-tech salaries?
  Berkeleyside
  Highly paid tech workers are increasingly buying property in the East Bay, and they can often afford to put cash down on $1m+ homes. This home, at 633 San Luis Rd, is on the market for $1.2m. Photo: Red Oak Realty. Red Oak Realty logo Home Truths, a ...and more »
  

• New York remembers real estate titan John Zuccotti - Page Six

  08-12-2015 03:40
  Page Six
  New York remembers real estate titan John Zuccotti
  Page Six
  There wasn't a dry eye in the house in David Geffen Hall at Monday's memorial for beloved real estate and public-service titan John Zuccotti. The former Brookfield chairman was eulogized by family and friends who praised his generosity, wit and ...
  

• Real Estate News: London, New York, Singapore Are Safe Havens For Real Estate ... - Realty Today

  08-12-2015 03:07
  Realty Today
  Real Estate News: London, New York, Singapore Are Safe Havens For Real Estate ...
  Realty Today
  NEW YORK, NY - MAY 05: The Manhattan skyline is viewed from Brooklyn on May 5, 2015 in New York City. In an effort to reduce Manhattan's carbon footprint, New York's City Council is considering a bill that would limit the amount of external light ...
  

• Why Arizona real estate may not be a good economic bet in 2016 - Phoenix Business Journal (blog)

  08-12-2015 02:37
  Phoenix Business Journal (blog)
  Why Arizona real estate may not be a good economic bet in 2016
  Phoenix Business Journal (blog)
  If I were the type of person who extrapolated from data to form a conclusion I wished would be true I'd say that there will be much more money for Arizona entrepreneurs in the future than there has been in the past. The reason is that an economic ...
  

• Corporate Real Estate's Battle for Tech Talent - Area Development Online

  08-12-2015 02:32
  Corporate Real Estate's Battle for Tech Talent
  Area Development Online
  A rising demand for data and analytics expertise means the CRE function is waging a battle for tech talent against a host of competitors, from the tech industry, startups and service providers to other departments down the hall. Area Development ...and more »
  

• Tucson real estate: PGA Tour Superstore coming - Arizona Daily Star

  08-12-2015 02:24
  Arizona Daily Star
  Tucson real estate: PGA Tour Superstore coming
  Arizona Daily Star
  A PGA Tour Superstore like this one is to open next year on the northwest side. There are three other stores in Arizona. 2015-12-07T18:20:00Z 2015-12-07T18:30:03Z Tucson real estate: PGA Tour Superstore comingBy Gabriela Rico Arizona Daily Star ...
  

• Magazine predicts hot real estate market in RI - Turn to 10

  08-12-2015 01:17
  Magazine predicts hot real estate market in RI
  Turn to 10
  Fortune Magazine says the Providence-Warwick real estate market is poised to take off in 2016. 0shares. Homes are selling faster and getting more eyeballs in Rhode Island and parts of Massachusetts than other parts of the country. Fortune Magazine said ...
  

• Freddie Mac publishes single-family loan-level data for all fixed-rate mortgages

  08-12-2015 00:27
  
  Freddie Mac announced Monday that it is making single-family loan-level data publicly available for all fixed-rate mortgages as part of an effort to provide investors with more information about its credit risk-sharing deals.
  
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• Luxury home prices drop for the first time in three years

  08-12-2015 00:15
  
  According to the Redfin chief economist, the luxury market was the first to recover from the housing downturn, and now it’s a bellwether of slowing price growth for the rest of the market.
  
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• Realtor brazenly offers services to embattled Cleveland Browns coach

  08-12-2015 00:12
  
  The Cleveland Browns are bad. There’s not much gray area there. It’s a near certainty that the team's head coach won’t be back with the team next year. One Cleveland Browns’ fan - a Realtor - showed up at Sunday's game and boldly offered up her services to help Pettine on his way out of town.
  
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• New Roof Is Greatest Remodeling Value

  08-12-2015 00:00
  The first-ever “Remodeling Impact Report” compares REALTOR® opinions of value against owners' sense of joy from a project....
  
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