Real estate news

• Groundbreaker: AIG insures crisis-era United Guaranty mortgage insurance policies

  10-05-2016 22:56
  
  By its own admission, American International Group is set to break ground in the risk-transfer space. The company announced Monday that it obtained an insurance policy designed to cover any losses the company might suffer on a series of crisis-era mortgages that are currently insured by its mortgage insurance subsidiary, United Guaranty.
  
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• Equifax: Write-offs hit 9-year low for first quarter

  10-05-2016 22:16
  
  Write-offs and severe delinquencies are down as numbers hit their lowest in several years. Consumer credit tracker, Equifax states that homeowners are in their best state since well before the recession.
  
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• Sindeo hires Deepak Kumar as COO/CFO

  10-05-2016 21:01
  
  Kumar filled Sindeo’s executive position, and now looks to lead the team into new expansion. He brings 20 years experience and a prior history at Fannie Mae to the company.
  
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• Freddie Mac: Mortgage repurchases down 95% from 2010 peak

  10-05-2016 20:17
  
  Thanks to improvements made by lenders to their loan production process and updates to the government-sponsored enterprises’ representation and warranty policies, single-family loan repurchase requests are down 95% from their peak in 2010, according to Freddie Mac.
  
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• Real estate stocks get S&P shortlist for investors - HousingWire

  10-05-2016 20:07
  
  Real estate stocks get S&P shortlist for investors
  HousingWire
  Real estate investment trusts are saying so long to being bundled with "financials" in their industry classification, getting their own new category called, no shocker here, "real estate," as of Aug. 31, according to an article in Bloomberg by Rani Molla.and more »
  
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• Real estate stocks get S&P shortlist for investors

  10-05-2016 19:47
  
  Real estate investment trusts are saying so long to being bundled with "financials" in their industry classification, getting their own new category called, no shocker here, "real estate." Investors demand is expected to surge. Ready. Set. Go.
  
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• Chilliwack real estate sales again shatter records - The Province

  10-05-2016 19:11
  
  The Province
  Chilliwack real estate sales again shatter records
  The Province
  March's staggering pace of real estate sales in Chilliwack continued into April as the month hit 530 sales, an 89 per cent increase over April 2015. And the $217.6 million in sales by dollar volume was a 132 per cent increase over April 2015's $94 million.and more »
  
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• Super Fund sells real estate play - New Zealand Herald

  10-05-2016 19:08
  
  DEALSTREETASIA
  Super Fund sells real estate play
  New Zealand Herald
  The New Zealand Superannuation Fund is selling investments in five offshore private equity real estate funds, adding to three such funds it sold in April. The latest sale is of Orion European Real Estate Fund III, Mountgrange Real Estate Opportunity ...
  Partners Group acquires stakes in NZ Super's real estate funds at discountDEALSTREETASIAall 5 news articles »
  
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• Cambridge real estate developer gets 2 years behind bars for insider trading - Boston Business Journal

  10-05-2016 18:47
  Boston Business Journal
  Cambridge real estate developer gets 2 years behind bars for insider trading
  Boston Business Journal
  A 78-year-old real estate developer has been hit with a two-year prison sentence and a $1 million fine after a jury found earlier this year that he engaged in insider trading when he bought shares in a bank that Eastern Bank was about to acquire ...and more »
  
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• Foreclosures, seriously delinquent mortgages fall to lowest level since 2007

  10-05-2016 18:44
  
  The number of homes in some stage of foreclosure and the number of seriously delinquent mortgages are now at levels not seen since late 2007, according to a new report from CoreLogic. What's behind the drop? Read on to find out.
  
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• What Spring home-buying season? Appraisal volume falls more than half

  10-05-2016 18:17
  
  Appraisal volume continues to struggle to lift-off this spring. With more than half the season already over, volume fell for the week of May 1. Kevin Golden, director of analytics with a la mode, attributes the tough spring season to these factors.
  
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• What Spring home-buying season? Appraisal volume drops

  10-05-2016 18:17
  
  Appraisal volume continues to struggle to lift-off this spring. With more than half the season already over, volume fell for the week of May 1. Kevin Golden, director of analytics with a la mode, attributes the tough spring season to these factors.
  
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• Omaha real estate firm buys apartment building - Lincoln Journal Star

  10-05-2016 18:10
  Lincoln Journal Star
  Omaha real estate firm buys apartment building
  Lincoln Journal Star
  Metonic Real Estate Solutions on Tuesday announced the acquisition of the Marshall Apartments at 1101 W. C St. The 72-unit complex was built in 1998. Metonic, based in Omaha, said it plans numerous upgrades to the property, including the addition of a ...
  
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• Here's the bright spot in Stonegate Mortgage's tough 1Q

  10-05-2016 17:12
  
  Stonegate Mortgage didn’t get away from the financial impact of the first quarter’s historically low interest rates, which already dented the performance of most other lenders. But the results weren't fully marred by bad news. Here's one area where the lender performed better.
  
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• Home sales, prices increase in Baltimore region as effects of real estate crisis wane - Baltimore Sun

  10-05-2016 16:44
  
  Baltimore Sun
  Home sales, prices increase in Baltimore region as effects of real estate crisis wane
  Baltimore Sun
  Real estate crisis shows signs of dissipating in Maryland as bank-mediated sales dip, prices climb. The real estate crisis is still working its way through the housing market in the Baltimore region, though it is showing signs of dissipating, according ...and more »
  
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• Woman gets 4 years in real estate scams - azcentral.com

  10-05-2016 16:16
  
  Woman gets 4 years in real estate scams
  azcentral.com
  A woman has been sentenced to four years in prison after pleading guilty in a case in which prosecutors said she scammed homebuyers and others out of over $450,000. Loading… Post to Facebook. Woman gets 4 years in real estate scams A woman has ...and more »
  
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• Intercontinental Real Estate acquires Cambridge office complex for $304m - The Boston Globe

  10-05-2016 15:41
  
  The Boston Globe
  Intercontinental Real Estate acquires Cambridge office complex for $304m
  The Boston Globe
  Boston-based Intercontinental Real Estate Corp. has acquired a three-building office complex at Canal Park in Cambridge for $304 million. Intercontinental on Monday bought the 426,000-square-foot complex overlooking the Charles River through the firm's ...and more »
  
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• Crow Holdings Capital - Real Estate Commences Investment Focus on Self-Storage Properties - PR Newswire (press release)

  10-05-2016 15:30
  
  Crow Holdings Capital - Real Estate Commences Investment Focus on Self-Storage Properties
  PR Newswire (press release)
  DALLAS, May 10, 2016 /PRNewswire/ -- Crow Holdings Capital – Real Estate ("CHC-RE"), a Dallas-based asset manager of private equity real estate funds, announced today that it has recently commenced investment activities in self-storage properties.and more »
  
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• Dezer, Perez, Galbut and their next generation on Miami real estate: panel - The Real Deal Magazine

  10-05-2016 14:52
  
  The Real Deal Magazine
  Dezer, Perez, Galbut and their next generation on Miami real estate: panel
  The Real Deal Magazine
  For Jon Paul Pérez, a typical Saturday growing up was touring rental properties with his dad, Related Group Chairman and CEO Jorge Pérez. “I never thought of doing something else until I wanted to be a tennis pro. That died real quickly,” Jon Paul ...
  
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• Woman accused of South Bay real estate scam targeting elderly clients - KTVU San Francisco

  10-05-2016 14:23
  
  KTVU San Francisco
  Woman accused of South Bay real estate scam targeting elderly clients
  KTVU San Francisco
  A South Bay realtor is accused of ripping off more than $1 million from her elderly clients. 46-year-old Geana Or is out on bond after authorities said she conned her clients into thinking they were buying foreclosed homes only to pocket the money he.and more »
  
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• Real estate investment could reach $1.2B in area you can walk around in 45 minutes - MLive.com

  10-05-2016 14:07
  
  MLive.com
  Real estate investment could reach $1.2B in area you can walk around in 45 minutes
  MLive.com
  DETROIT - It would take about 45 minutes to circumambulate the area seeing over a billion dollars in investment in downtown Detroit right now. News broke over the weekend that the city of Detroit is trying to get a $267-million mixed-use development ...
  
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• Prudential Real Estate Investors to rename to PGIM Real Estate globally - Business Wire (press release)

  10-05-2016 14:02
  
  Business Wire (press release)
  Prudential Real Estate Investors to rename to PGIM Real Estate globally
  Business Wire (press release)
  MADISON, N.J.--(BUSINESS WIRE)--Prudential Real Estate Investors, which currently operates globally under two different names, today announced that it will consolidate under one brand name to support its globally diversified investment platform and ...and more »
  
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• Israeli Entrepreneurs Are Shaking Up The American Real Estate Market - Forbes

  10-05-2016 14:02
  
  Forbes
  Israeli Entrepreneurs Are Shaking Up The American Real Estate Market
  Forbes
  There's little doubt that 2015 will be remembered as a remarkable year in real estate technology. With more than $1.7 billion deployed globally across more than 190 deals, real estate technology reached record funding and deal levels never seen before.
  
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• Coldwell Banker Real Estate and CNET Define "The Smart Home" - PR Newswire (press release)

  10-05-2016 13:10
  
  Coldwell Banker Real Estate and CNET Define "The Smart Home"
  PR Newswire (press release)
  MADISON, N.J., May 10, 2016 /PRNewswire/ -- Coldwell Banker Real Estate LLC, the original Silicon Valley real estate start-up founded in 1906, in collaboration with CNET, the world's largest and most trusted online source of consumer technology news ...and more »
  
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• Tribunal ruling will drag real estate industry out of 'stone age': professor - CTV News

  10-05-2016 12:22
  
  CTV News
  Tribunal ruling will drag real estate industry out of 'stone age': professor
  CTV News
  Any move to allow greater public access to home sales data in the Greater Toronto Area will be the first step toward pulling Canada's real estate industry out of the “stone age,” says a Ryerson University professor. Real estate players are getting ...and more »
  
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• Real estate deals increase by 30% in Romania in Q1 - Romania-Insider.com

  10-05-2016 11:31
  
  Romania-Insider.com
  Real estate deals increase by 30% in Romania in Q1
  Romania-Insider.com
  Real estate deals in Romania totaled EUR 180 million in the first three months of the year, according to real estate consultancy Jones Lang Lasalle. The sales of office projects in Bucharest accounted for over half of the total value, namely EUR 96 ...and more »
  
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• Will the new Real Estate Act be a game changer - Business Standard

  10-05-2016 11:30
  Will the new Real Estate Act be a game changer
  Business Standard
  The new Real Estate Regulation and Development Act has just come into force. It is being hailed as a positive step. The Act envisages that the states and Centre will formulate specific rules for real estate regulation. Broadly, every state will set up ...
  
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• Is Donald Trump making New York's real estate industry nervous? - Crain's New York Business (blog)

  10-05-2016 09:07
  
  Is Donald Trump making New York's real estate industry nervous?
  Crain's New York Business (blog)
  Investors might not be worried about Donald Trump, but he appears to be making New York commercial real estate brokers nervous. Let's start with the stock market, where the Dow Jones Industrial Average has risen about 200 points in lockstep with the ...and more »
  
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• Government inaction to blame for Vancouver real estate crisis: report - Vancity Buzz

  10-05-2016 08:55
  
  Vancity Buzz
  Government inaction to blame for Vancouver real estate crisis: report
  Vancity Buzz
  A damning report out of SFU is blaming Vancouver's real estate crisis on the provincial and federal government's failure to stop foreign money flowing into the city's housing market. In his report, Josh Gordon of the School of Public Policy says he ...
  China is buying Canada: Inside the new real estate frenzyMacleans.caall 9 news articles »
  
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• China's $6.2 billion worth of Australian real estate will keep growing: Savills - The Australian Financial Review

  10-05-2016 08:27
  
  The Australian Financial Review
  China's $6.2 billion worth of Australian real estate will keep growing: Savills
  The Australian Financial Review
  No beef with China over Kidman? Australia needs to work out its position in an evolving world of Chinese property investment, Savills says. Share on twitter · Share on Google Plus. by Michael Bleby. China's $US4.6 billion ($6.2 billion)-worth of real ...
  Chinese Investment in U.S. Real Estate Poised to Grow Substantially, New Report ProjectsAsia
  
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• Profile: Todd Palcic had no experience in real estate development - Pittsburgh Post-Gazette

  10-05-2016 06:02
  
  Pittsburgh Post-Gazette
  Profile: Todd Palcic had no experience in real estate development
  Pittsburgh Post-Gazette
  Todd Palcic stands in the lobby one of his real estate projects at Fifth and Penn and surveys the scene on the street. By Mark Belko / Pittsburgh Post-Gazette. When Todd Palcic left a lucrative job with an analytical and purification instrument company ...
  
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• Citi bans key Asian currencies from buying Aussie real estate - The Australian Financial Review

  10-05-2016 05:59
  
  The Australian Financial Review
  Citi bans key Asian currencies from buying Aussie real estate
  The Australian Financial Review
  The only foreign currencies it will now accept from overseas borrowers are the Canadian dollar, Danish kroner, European Union euro, Hong Kong dollar, Japanese yen, New Zealand dollar, Swedish kroner, Singaporean dollar, South Korean won, Swiss franc ...and more »
  
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• Perth has put the 'worst behind it' - Perth Now

  10-05-2016 03:54
  Perth Now
  Perth has put the 'worst behind it'
  Perth Now
  CoreLogic RP Data research analyst Cameron Kusher said sales volumes in Perth were now steadying. PERTH'S property market has put “the worst behind it”, with prices expected to increase next year, according to a national property expert. Figures from ...and more »
  
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• BC to unveil rules to end 'shadow flipping' in Vancouver real estate - The Globe and Mail

  10-05-2016 03:42
  
  The Globe and Mail
  BC to unveil rules to end 'shadow flipping' in Vancouver real estate
  The Globe and Mail
  The provincial government will announce details on Tuesday about how it intends to crack down on so-called “shadow-flipping” in the hot Vancouver real estate market. A government source confirmed Finance Minister Mike de Jong will roll out specifics on ...
  
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• Tucson Real Estate: Former school to become senior living community - Arizona Daily Star

  10-05-2016 03:30
  Arizona Daily Star
  Tucson Real Estate: Former school to become senior living community
  Arizona Daily Star
  The former Luz Academy on the city's west side is set to be renovated and turned into a senior living community. prev. next. A former school on Tucson's west side will become a community for seniors. Ramsey Canyon 4120 LLC bought the former Luz ...
  
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• Al Ghandi Real Estate Selects Yardi Property Management Solutions - Business Wire (press release)

  10-05-2016 03:00
  
  Al Ghandi Real Estate Selects Yardi Property Management Solutions
  Business Wire (press release)
  DUBAI, United Arab Emirates--(BUSINESS WIRE)--Al Ghandi Real Estate will manage its commercial and residential real estate portfolio with Yardi Voyager 7S, the company's new mobile, cloud-based property management and accounting platform.and more »
  
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• [video] Quicken Loans to HUD: You can't have it both ways

  10-05-2016 00:44
  
  In the latest update on its fight with the government, Quicken Loans CEO Bill Emerson commented on a recent quote from Housing and Urban Development Secretary Julian Castro. To Quicken Loans, HUD can't ask for more people to lend as it decides to go after lenders for lending in the first place. Make sense?
  
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