Real estate news

• Goldman Sachs reaches $5 billion settlement over toxic mortgage bond claims

  14-01-2016 22:46
  
  Goldman Sachs said Thursday that it reached a $5 billion settlement over claims related to toxic mortgage bonds sold to investors in the run up to the financial crisis. The agreement, which would still need to be finalized, would resolve actual and potential civil claims brought by the U.S. Department of Justice and other parties, relating to the firm’s securitization, underwriting and sale of residential mortgage-backed securities from 2005 to 2007. Click the headline to read more.
  
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• Are appraisers in danger of extinction?

  14-01-2016 22:45
  
  At the start of last year, the Appraisal Institute boasted 22,000 professionals. Fast forward one year and the number now sits at 20,000 professionals, providing more evidence of a growing problem that is plaguing the industry. And the fix isn’t as simple as a surge in marketing to attract more young people, although that might help.
  
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• Is rent-to-own the future of housing?

  14-01-2016 21:08
  
  With rising rents making it more difficult for many to even save the 3% down payment they’d now need to buy a home, and with some borrowers still struggling to get a mortgage, a new option is emerging as an avenue for consumers to live in the home they want and save money to buy it at the same time – rent-to-own.
  
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• How Rep. Scott Garrett’s anti-gay views are splintering Wall Street

  14-01-2016 19:06
  
  Rep. Scott Garrett, R-N.J., holds undeniable influence on the country’s financial system, and especially the country’s housing financial system. But Garrett’s personal views on the Republican Party’s support of gay candidates place him at the center of a storm that’s currently ripping apart both his party and Wall Street as well.
  
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• Title companies gear up to manage advanced eClosings

  14-01-2016 16:55
  
  While lenders are expected to benefit tremendously from eClosings, title and settlement companies are beginning to lead the way. This makes sense, considering their in-depth knowledge of the closing process and the fact that they are the ones ultimately insuring the transactions.
  
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• JPMorgan Chase net income jumps 10%, beats expectations

  14-01-2016 13:25
  
  JPMorgan Chase kicked off earnings season early Thursday morning, reporting a 10% increase in net income for the fourth quarter of 2015. Mortgage banking didn’t fair as well, with its net income falling 21% to $266 million.
  
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• JPMorgan Chase net income jumps 10%, beat expectations

  14-01-2016 13:25
  
  JPMorgan Chase kicked off earnings season early Thursday morning, reporting a 10% increase in net income for the fourth quarter of 2015. Mortgage banking didn’t fair as well, with its net income falling 21% to $266 million.
  
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• RealtyTrac: Foreclosure filings drop to nine-year low

  14-01-2016 06:01
  
  Wrapping up last year, new industry data shows that foreclosure filings dropped to a new nine-year low. RealtyTrac Vice President Daren Blomquist explained that 2015 witnessed a return to normal, healthy foreclosure activity in many markets.
  
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• No settlement in Indian Hill real estate case - Cincinnati.com

  14-01-2016 01:17
  Cincinnati.com
  No settlement in Indian Hill real estate case
  Cincinnati.com
  The parties in the Indian Hill real estate case were not able to reach a settlement outside of court, clearing the way for testimony Wednesday from five more witnesses. The new push for a settlement came after Hamilton County Common Pleas Court Judge ...
  

• Trial Over Arkansas Real Estate Agent's Death Opens - ABC News

  14-01-2016 01:13
  U.S. News & World Report
  Trial Over Arkansas Real Estate Agent's Death Opens
  ABC News
  Jurors in the capital murder trial for an Arkansas man accused of kidnapping and killing a real estate agent heard vastly different theories Wednesday, with prosecutors describing a brutal killing and the defense claiming the victim may have ...
  Man's murder trial begins in death of Arkansas real estate agent Beverly CarterWLS-TV
  Trial starts in Arkansas real estate agent killingU.S. News & World Repor
  

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