Real estate news

• Why are major housing markets going haywire?

  04-05-2016 23:49
  
  OK, so, east of the Mississippi some of the nation's slowest markets are beginning to heat up. And in the West, the hot markets are beginning to cool. Here's the latest Trulia report on this peculiar activity.
  
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• PHH sinks as low interest rates destroy mortgage servicing

  04-05-2016 23:37
  
  The first quarter's historically low interest rates already pulled down the performance of Nationstar Mortgage, Walter Investment, and Ocwen Financial thanks to the impact of negative adjustments to the "fair value" of each company’s mortgage servicing rights portfolio, and now PHH Corporation is joining that unfortunate list as the company posted a loss in the first quarter.
  
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• Ringleader of 'largest mortgage modification scheme ever charged' found guilty

  04-05-2016 22:41
  
  A federal jury needed less than a half hour to convict the ringleader of what the Manhattan U.S. Attorney’s Office called the “largest mortgage modification scheme ever charged” on multiple charges stemming from a scheme that defrauded more than 30,000 struggling homeowners out of $31 million.
  
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• Sperlonga, Equifax to record HOA payments for credit scores

  04-05-2016 21:04
  
  These two companies are bringing change to credit reports as they begin reporting HOA payments, which previously were not reflected in the reports. Both companies talk about how it will benefit HOA’s, homeowners, and the market.
  
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• George Will takes on #FannieGate, says GSEs 'should never have existed'

  04-05-2016 20:53
  
  Well, it seems we can't go more than a few days without a prominent, national media personality commenting on the stability and standing of Fannie Mae and Freddie Mac, how the GSEs ended up in conservatorship, and what’s next. Last month, Rolling Stone’s Matt Taibbi weighed in. And now, no less than George Will has written about "#FannieGate."
  
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• TRID trouble? CFPB tools give exclusive advice, tips

  04-05-2016 20:07
  
  Regardless of how many preventative programs, meetings and discussions a company has surrounding TRID, it can’t trump the tools the Consumer Financial Protection Bureau, the enforcer of TRID, is giving out. Want some advice? These tools are what you need for TRID.
  
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• Fannie Mae approval of SoFi as servicer, seller signals future growth

  04-05-2016 19:06
  
  Although SoFi only recently ventured into the mortgage industry, expanding past the world of student loans where it got its start, it's not taking long to catch up and compete. SoFi further cemented its place in the mortgage market, announcing that Fannie Mae approved its wholly owned subsidiary SoFi Lending Corp. as a seller and servicer.
  
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• First Guaranty Mortgage brings in new relationship manager

  04-05-2016 15:59
  
  First Guaranty Mortgage announced the addition of warehouse lending sales veteran Norman Scott to its team. Executive vice president said he anticipates Scott being a key contributor to the company’s growth.
  
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• Orem real estate manager indicted in multimillion-dollar Ponzi scheme - KSL.com

  04-05-2016 15:07
  KSL.com
  Orem real estate manager indicted in multimillion-dollar Ponzi scheme
  KSL.com
  SALT LAKE CITY — An Orem man bilked investors in his real estate firm out of $16 million over six years in a Ponzi scheme, federal prosecutors say. A grand jury indicted Chad Roger Deucher, 43, on 18 counts of wire fraud and one count of fraud in ...and more »
  
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• Centennial Real Estate Company Announces Leadership Additions - Business Wire (press release)

  04-05-2016 15:06
  
  Centennial Real Estate Company Announces Leadership Additions
  Business Wire (press release)
  DALLAS--(BUSINESS WIRE)--Centennial Real Estate Company, a national owner and operator of regional malls and community shopping centers announced the appointment of four accomplished team members. Centennial has named Andrew Galvin, ...and more »
  
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• BRIEF-Reysas REIT signs real estate sales commitment agreement - Reuters

  04-05-2016 15:02
  
  BRIEF-Reysas REIT signs real estate sales commitment agreement
  Reuters
  May 4 Reysas REIT : * Signs real estate sales commitment agreement with Sur Yapi Endustri. * The deal is for real estate project in Istanbul. * To construct real estates on 10,783.80 square meters and 18,316.57 square meters land. * To start the ...
  
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• A San Diego Refugee And Real Estate Professional Talk Politics - KPBS

  04-05-2016 15:02
  
  KPBS
  A San Diego Refugee And Real Estate Professional Talk Politics
  KPBS
  Mariam Ali recalls trying to rent an apartment when she arrived in San Diego 25 years ago after fleeing Somalia. She was receiving public housing assistance. "The white guy came and he was like, 'Do you work?' I said, 'No, I'm not working. I receive ...
  
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• VTS raises $55M for its commercial real estate management platform - TechCrunch

  04-05-2016 15:00
  
  TechCrunch
  VTS raises $55M for its commercial real estate management platform
  TechCrunch
  VTS, a commercial leasing and asset management platforms for landlords and brokerages, today announced that it has raised a $55 million Series C funding round led by Insight Venture Partners. Previous investors OpenView and Trinity Ventures also ...
  VTS raises $55M in Series C at $200M valuationThe Real Deal Magazineall 3 news articles »
  
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• Mortgage servicing drags down Nationstar Mortgage 1Q earnings

  04-05-2016 14:57
  
  Nationstar Mortgage Holdings' earnings followed in the steps of Freddie Mac and Walter Investment Management Corporation as its took a hit from the first quarter’s historically low interest rates. However, this didn't ruin the everything, thanks to these key areas of strength.
  
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• MBA: Mortgage apps reiterate the difficulties of this spring-buying season

  04-05-2016 13:05
  
  The spring-buying season is supposed to be the hottest buying season all year, yet industry reports keep revealing that this year, spring isn’t even close to booming. The latest mortgage application report from the MBA is no different, showing that the spring-buying season is struggling.
  
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• Real estate tycoon's advice to women in business: Hike up your skirts - My Fox Boston

  04-05-2016 12:57
  
  Real estate tycoon's advice to women in business: Hike up your skirts
  My Fox Boston
  A real estate tycoon and one of the people on the TV show "Shark Tank" has some advice for women in the business world. Barbara Corcoran does $18 billion sales annually, so there's a good a chance she knows what she's talking about, right?and more »
  
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• Cape Breton real estate up for grabs during federal government sells off - CBC.ca

  04-05-2016 12:11
  
  CBC.ca
  Cape Breton real estate up for grabs during federal government sells off
  CBC.ca
  Close to 800 Cape Breton properties owned by the federal government are about to be sold, including a beach and lots near a ski hill and golf course. Public Services and Procurement Canada (PSPC) took over the former Devco mining lands and Enterprise ...and more »
  
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• Big-city suburbs' real estate prices soar as inventory lags - CBC.ca

  04-05-2016 11:00
  
  CBC.ca
  Big-city suburbs' real estate prices soar as inventory lags
  CBC.ca
  After six months of searching and 18 failed offers, Kate Stoodley and her husband Neil have finally purchased their first home. "Roller-coaster of emotion is what it was," she told CBC News. Multiple offers are typical for buyers in Toronto and Vancouver.
  Real estate heats up in Vancouver: 'Prices are lower here'KATU
  Vancouver housing sales hit record highs during real estate boomThe Globe and Mail
  Record Vancouver real e
  
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• Airbnb managers take on real estate agencies - The Australian Financial Review

  04-05-2016 10:27
  
  The Australian Financial Review
  Airbnb managers take on real estate agencies
  The Australian Financial Review
  Luke Baker, left, and Joel Cacciotti have co-founded an Airbnb property management business HeyTom, which launched in April. Jessica Hromas. Share on twitter. by Misa Han. Airbnb property managers plan to take on real estate agents by targeting ...
  
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• WB city administrator leaves post for job in real estate development - Citizens Voice

  04-05-2016 10:01
  Citizens Voice
  WB city administrator leaves post for job in real estate development
  Citizens Voice
  WILKES-BARRE — Just four months into Mayor Tony George's tenure, City Administrator Greg Barrouk is resigning to take another job. Barrouk notified the mayor of his plans Monday, but offered to stay on board until his replacement is ready to take over.
  
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• EconomyChina Q1 land provision fell despite real estate rebound - Financial Times

  04-05-2016 09:52
  EconomyChina Q1 land provision fell despite real estate rebound
  Financial Times
  New data from China's land ministry suggest that state provision of land may be switching gear from property development to infrastructure initiatives. Land provided for state-owned construction work fell 0.2 per cent year-on-year to 94,700 hectares ...and more »
  
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• Fundraising Slows Down for Private Equity Real Estate Funds - National Real Estate Investor

  04-05-2016 09:48
  
  National Real Estate Investor
  Fundraising Slows Down for Private Equity Real Estate Funds
  National Real Estate Investor
  Private equity fund managers may be focusing more heavily on deploying their record levels of “dry powder” as fundraising activity shows signs of slowing. Although fundraising remains strong by historical standards, new capital flowing into global ...
  
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• RERA boosts real estate sector sentiments - Hindustan Times

  04-05-2016 09:27
  
  Hindustan Times
  RERA boosts real estate sector sentiments
  Hindustan Times
  The Real Estate Regulation Bill becoming an Act has boosted sentiments in the real estate market as the sector is expected to become much more transparent and organised which in turn will benefit all stakeholders, including homebuyers, says a report.
  Real estate Act: restoring trust and transparency in the sectorLivemint
  Govt warns real estate developers of actionFinancial Expressall 17 news articles »
  
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• Australian real estate leaders expect higher values and more offshore investors - The Australian Financial Review

  04-05-2016 07:35
  
  The Australian Financial Review
  Australian real estate leaders expect higher values and more offshore investors
  The Australian Financial Review
  Vicinity Centres' Angus McNaughton expects further investment in the Australian REIT sector. Dominic K Lorrimer. Share on twitter · Share on Google Plus. by Matthew Cranston. . Investors, analysts and the leaders of Australia's largest listed real ...
  
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• Real Estate Reality Check - $400000 - FOX 11 Los Angeles

  04-05-2016 06:04
  
  FOX 11 Los Angeles
  Real Estate Reality Check - $400000
  FOX 11 Los Angeles
  When we set out to find the homes our budget would buy, we knew we would get little to nothing for $200,000. But doubling that price limit to $400K we just assumed we were firmly in the SoCal housing market. Our eyes didn't want to tell our wallets ...and more »
  
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• Indiabulls Real Estate Fund plans to raise Rs 1000 crore via its high yield fund - Economic Times

  04-05-2016 04:16
  
  DEALSTREETASIA
  Indiabulls Real Estate Fund plans to raise Rs 1000 crore via its high yield fund
  Economic Times
  MUMBAI: Indiabulls Asset Management Company's private equity fund is looking to raise Rs 1,000 crore through its new real estate fund Indiabulls High Yield Fund, including a green shoe option of Rs 500 crore, said a top company official. This is ...
  Indiabulls to raise up to $150m for its second real estate fundDEALSTREETASIA
  Indiabulls Real Estate raises IPIT stake to 51.81%Indiainfol
  
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• Police release sketch of suspect in attack on Surrey real estate agent - CBC.ca

  04-05-2016 04:09
  
  CBC.ca
  Police release sketch of suspect in attack on Surrey real estate agent
  CBC.ca
  Police have released a sketch of the suspect they believe attacked a real estate agent during an open house in North Surrey last weekend. The female agent was showing a property when she was sexually assaulted, police say. The agent didn't know the ...and more »
  
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• Real Estate Board of New York announces Retail Deal of the Year nominees - New York Post

  04-05-2016 02:54
  
  New York Post
  Real Estate Board of New York announces Retail Deal of the Year nominees
  New York Post
  Here are the long-awaited submissions for the Real Estate Board of New York's 18th Annual Retail Deal of the Year Awards that will be handed out the evening of June 7 at the Club 101 at 101 Park Ave. The 13 submissions include just one in Brooklyn and ...
  
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• Real estate developer behind mystery $50000 donation - Albany Times Union

  04-05-2016 02:13
  
  Real estate developer behind mystery $50000 donation
  Albany Times Union
  A publicly untraceable $50,000 donation made ahead of the election of newly christened Democratic state Sen. Todd Kaminsky appears to have come from a politically connected real estate developer with significant business before the administration of ...and more »
  
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• MetaProp NYC kicks off the second class of its real estate accelerator with lease marketplace Flip - TechCrunch

  04-05-2016 01:13
  
  TechCrunch
  MetaProp NYC kicks off the second class of its real estate accelerator with lease marketplace Flip
  TechCrunch
  If you need (or just want) to get out of the lease on your apartment, a startup called Flip can help you do it — and you might even make money in the process. The company launched back in December, and now it's joining as the “anchor startup” for the ...and more »
  
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• Zillow reports record traffic, but bottom line dented by Move/News Corp legal battle

  04-05-2016 00:12
  
  Things have never been better for the Zillow Group websites, which includes consumer brands Zillow, Trulia, StreetEasy, HotPads and Naked Apartments, in terms of website traffic, but the company's bottom line was again negatively affected by Zillow’s legal battle against Move, Realtor.com, the National Association of Realtors and News Corp.
  
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• Virtual reality real estate tours - Fox5NY

  04-05-2016 00:06
  
  Fox5NY
  Virtual reality real estate tours
  Fox5NY
  NEW YORK (FOX 5 NEWS) - Adam Greene is developing five blocks of Downtown Brooklyn into 16 buildings housing 6,400 units and more than 8 million square feet of floor space. "One of the biggest components of it," Greene, vice president of residential ...
  
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