Real estate news

• M&T Bank latest to settle FHA-lending violations, will pay $64 million

  13-05-2016 23:33
  
  Joining a list that now includes Wells Fargo, Franklin American Mortgage, Walter Investment, First Tennessee Bank, Freedom Mortgage, among others, M&T Bank agreed to settle with the Department of Justice over alleged violations of the False Claims Act.
  
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• FNC: First time homebuyers will struggle this Spring season

  13-05-2016 23:03
  
  Home prices are up, foreclosures are down, and the overall market seems to be well on its way to recovery, according to FNC. First time homebuyers, however, may still struggle to overcome some challenges.
  
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• Finally: $8.5B Countrywide mortgage bond settlement gets green light

  13-05-2016 21:08
  
  Ending a legal quagmire that stretched back to 2011, investors are finally set to receive their money from an $8.5 billion settlement involving Bank of America, mortgages originated by its Countrywide unit, and the Bank of New York Mellon, which acted as the trustee for the mortgage bond investors. Click the headline to read more.
  
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• Goldman Sachs subsidiary again buys non-performing loans from Fannie Mae

  13-05-2016 21:03
  
  After one month, Fannie Mae announced it’s fifth non-performing loan sale. Goldman Sachs bought, not one, but all four pools from Fannie Mae. Here’s the details of the transaction, and when it is set to close.
  
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• Credit score fears run deep in the housing market

  13-05-2016 20:50
  
  Fears of not holding a good enough credit score plagues all levels of the housing market. Yes, even folks who have a lot of money. Here's a breakdown of the current situation.
  
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• Luxury real estate blues - USA TODAY

  13-05-2016 19:02
  
  USA TODAY
  Luxury real estate blues
  USA TODAY
  NEW YORK — Pity the poor penthouse owner. Hedge fund manager Steve Cohen has been back in the headlines, and it has had nothing to do with regulatory investigations. The billionaire is having trouble finding a buyer for his Manhattan penthouse and ...and more »
  
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• Hayes Real Estate Team - WAVY-TV

  13-05-2016 19:00
  
  WAVY-TV
  Hayes Real Estate Team
  WAVY-TV
  PORTSMOUTH, Va. (WAVY) – Spring is a great time to buy and sell a home, but it is a big purchase that comes with a lot of questions. Danita Hayes with the Hayes Real Estate team recently asked her Facebook followers to ask her anything about real estate.
  
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• Here are the 25 cities with the biggest rent hikes

  13-05-2016 18:44
  
  The rental market is ripe for single-family rental investors, with even the last market on the list coming in above 10%. And it’s not the usual order of names in the top 25, as three new markets take spots in the top 10 compared to last quarter.
  
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• Camden man accused of illegal real estate transactions - Cherry Hill Courier Post

  13-05-2016 18:44
  
  Cherry Hill Courier Post
  Camden man accused of illegal real estate transactions
  Cherry Hill Courier Post
  MONROE TWP. – A Camden man was arrested for committing fraudulent real estate transactions against various residents throughout the township in the last two months, police said. Levar M. Taylor, 38, also known as Raymond Erving, foreclosed properties ...
  
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• LJ Hooker real estate agent Judy Thanh Truc blocked from selling two mansions - Daily Mail

  13-05-2016 18:07
  
  Daily Mail
  LJ Hooker real estate agent Judy Thanh Truc blocked from selling two mansions
  Daily Mail
  A real estate agent at the centre of an investigation into millions of dollars of missing clients' money has been blocked from selling two million-dollar houses next door to each other. Consumer Affairs Minister Jane Garrett said Consumer Affairs ...and more »
  
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• Diversified REITS Pack Real Estate Dog House In May - Seeking Alpha

  13-05-2016 18:05
  
  Seeking Alpha
  Diversified REITS Pack Real Estate Dog House In May
  Seeking Alpha
  Top ten real estate sector dogs annual yields ranged 9.46% to 16% as of 5/12/16. Thirty showed yield from 6.68%. All were REITs. Half were classed diversified. Tops was ARR. STWD, CMO, TWO, MFA, ARI, NRF, DX, PMT, RSO, & ARR, top ten real estate ...
  
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• Freddie Mac posts second NPL sale of 2016

  13-05-2016 17:53
  
  Freddie Mac announced its planning its second non-performing loan sale of the year. While it’s not nearly as much as the $1.6 billion transaction announced at the start of the year, there’s still $135 million up for grabs.
  
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• Rochester real estate: 5 hot spots - Rochester Democrat and Chronicle

  13-05-2016 17:41
  
  Rochester Democrat and Chronicle
  Rochester real estate: 5 hot spots
  Rochester Democrat and Chronicle
  Eric Swingle grew up in the village of Scottsville, a small town where everyone knows your name. His father recently passed away and he prepared the family home at 15 Rochester St. for sale, with his Realtor John McEntee of ReMax Plus helping with the ...and more »
  
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• Commercial Real Estate Execs Cautiously Optimistic About Market Conditions - PR Newswire (press release)

  13-05-2016 17:38
  
  PR Newswire (press release)
  Commercial Real Estate Execs Cautiously Optimistic About Market Conditions
  PR Newswire (press release)
  WASHINGTON, May 13, 2016 /PRNewswire/ -- U.S. commercial real estate fundamentals remain strong — amid growing concerns over interest rates, oil prices, and volatility of the global economy — and leaders in the commercial real estate industry remain ...and more »
  
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• Real Estate Council of Alberta adopts new measurement standard after home sizes inflated - CBC.ca

  13-05-2016 17:31
  
  CBC.ca
  Real Estate Council of Alberta adopts new measurement standard after home sizes inflated
  CBC.ca
  After a CBC investigation found a Calgary woman's home was actually 20 per cent smaller than advertised, the Real Estate Council of Alberta has announced new guidelines for home measurement in the province. The council announced Friday the approval ...
  
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• Real Estate Slowdown Occurring in Energy Cities - TheStreet.com

  13-05-2016 17:24
  
  TheStreet.com
  Real Estate Slowdown Occurring in Energy Cities
  TheStreet.com
  A slowdown in the sale of homes is occurring in cities such as Houston and Oklahoma City where energy companies serve as major employers. The massive decline in oil prices has affected the amount of time homes remain on the market. These cities could ...
  
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• MBA: Purchase applications drop from strong demands in February, March

  13-05-2016 17:05
  
  New home purchase applications failed to keep the upward trend witnessed the past two months. According to MBA’s vice president of Research and Economics, though, this isn’t necessarily a bad thing.
  
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• Hines Said to Offer $5.5 Billion Real Estate Portfolio Sale - Bloomberg

  13-05-2016 16:51
  Ottawa Citizen
  Hines Said to Offer $5.5 Billion Real Estate Portfolio Sale
  Bloomberg
  An office building leased by Morgan Stanley in London's Canary Wharf district is being offered for sale by U.S. real estate company Hines as part of a $5.5 billion property portfolio disposal, according to a person with knowledge of the matter.
  Boardwalk Real Estate reports 1Q resultsYahoo News
  NorthWest Healthcare Properties Real Estate Investment Trust Announces May 2016 DistributionCanada NewsWire (press rel
  
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• Weichert Real Estate Affiliates, Inc. Announces its Top Performers for the Month of April - Cape May County Herald

  13-05-2016 16:25
  
  Weichert Real Estate Affiliates, Inc. Announces its Top Performers for the Month of April
  Cape May County Herald
  MORRIS PLAINS, N.J. – Weichert Real Estate Affiliates, Inc. is proud to announce its top Weichert® affiliated agents, offices and companies for the month of April. The recognition is based on gross commission income earned or real estate transactions ...
  
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• Starwood Capital's Sternlicht: Real estate getting bubbly but unlikely to pop - CNBC

  13-05-2016 16:19
  
  CNBC
  Starwood Capital's Sternlicht: Real estate getting bubbly but unlikely to pop
  CNBC
  Cheap borrowing costs may be artificially pumping up property values, but strong real estate fundamentals and the global interest rate environment are mitigating the risks, said Barry Sternlicht, head of the $53 billion investment firm Starwood Capital ...
  
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• Real Estate Notebook: Fort Lauderdale penthouses in demand - Sun Sentinel

  13-05-2016 16:18
  
  Sun Sentinel
  Real Estate Notebook: Fort Lauderdale penthouses in demand
  Sun Sentinel
  A Fort Lauderdale penthouse, one of the largest condos in the city, has sold for $5 million. The 11,477-square-foot unit is at Coconut Grove Residences, 1200 Holiday Drive, Unit 1201. It has five bedrooms, five bathrooms and two half-baths. The buyer ...
  
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• Ask a Real Estate Pro: Tenant shocked that landlord wants to sell - Sun Sentinel

  13-05-2016 16:16
  
  Sun Sentinel
  Ask a Real Estate Pro: Tenant shocked that landlord wants to sell
  Sun Sentinel
  Board-certified real estate lawyer Gary M. Singer writes about the housing market at SunSentinel.com/business/realestate each Friday. To ask him a question, go to SunSentinel.com/askpro. Q: We are renting a house. About 60 days before the end of the ...and more »
  
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• First election debate: Turnbull rushes to defence of real estate agents and bankers - The Sydney Morning Herald

  13-05-2016 15:50
  
  The Sydney Morning Herald
  First election debate: Turnbull rushes to defence of real estate agents and bankers
  The Sydney Morning Herald
  Analysis. Don't Play. Replay. Replay Video Icon. Player help icon. Return to video. Video settings. Please Log in to update your video settings. Video will begin in 5 seconds. Don't play; Play now. More video. Recommended. null. Meet Vin Diesel's ...and more »
  
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• What's next in commercial real estate? Top execs from WeWork, CushWake, RKF and TerraCRG weigh in - The Real Deal Magazine

  13-05-2016 14:36
  
  The Real Deal Magazine
  What's next in commercial real estate? Top execs from WeWork, CushWake, RKF and TerraCRG weigh in
  The Real Deal Magazine
  Brooklyn's commercial market may very well be a field of dreams: If you build it, they will come. “At the end of the day, what's going to change Brooklyn in terms of the tenancy is going to be the product that they build,” Bruce Mosler, chairman of ...
  
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• Indian buyers jump onto the NYC real estate bandwagon - The Real Deal Magazine

  13-05-2016 14:02
  
  The Real Deal Magazine
  Indian buyers jump onto the NYC real estate bandwagon
  The Real Deal Magazine
  Despite headwinds in their own economy, Chinese buyers haven't lost their appetite for New York City real estate. “You may see a different economy in China, but the Chinese are still buying here,” said Elizabeth Ann Stribling-Kivlan, president of ...
  
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• Real Estate Agent's Web Series Mocks Bravo TV's 'Million Dollar Listing' - DNAinfo

  13-05-2016 13:34
  
  DNAinfo
  Real Estate Agent's Web Series Mocks Bravo TV's 'Million Dollar Listing'
  DNAinfo
  Many brokers — especially young upstarts working in rentals — aren't actually raking in the dough, according to a new comic reality web series called “Thousand Dollar Listing," documenting 30-year-old agent Noah Kaplan as he struggles to get his foot ...and more »
  
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• London remains atop real estate market, but “comeback markets” surge - Luxury Daily

  13-05-2016 09:46
  CBC.ca
  London remains atop real estate market, but “comeback markets” surge
  Luxury Daily
  Stagnation in the luxury real estate market of the world's biggest cities is counterbalanced by the emergence of new hubs, according to a new report by Christie's International Real Estate. London and New York have slowed down recently, but less ...
  Some real estate agents believe more foreign buyers snapping up luxury properties: surveyCBC.ca
  Canada Luxury Real Estate: As Much As 1/4 Going To F
  
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• Real Estate Broker Gets Lots Of Attention With Eye-Opening Ad Mentioning Donald Trump - CBS Local

  13-05-2016 06:52
  
  CBS Local
  Real Estate Broker Gets Lots Of Attention With Eye-Opening Ad Mentioning Donald Trump
  CBS Local
  DOWNEY (CBSLA.com) — A Southland real estate broker is getting a lot of attention for his marketing tactics by using Donald Trump's name to to help drum up business. On Thursday evening, KCAL9's Peter Daut spoke to Henry Ayala, the broker who came ...and more »
  
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• Labor hits back at negative gearing 'shrill scare campaign' by real estate industry - The Guardian

  13-05-2016 06:26
  
  The Guardian
  Labor hits back at negative gearing 'shrill scare campaign' by real estate industry
  The Guardian
  Labor has hit back at a campaign against negative gearing changes by a group of large real estate agencies, arguing they are vested interests who have not produced any evidence for their criticisms of its policy. The Real Estate Institute of Australia ...
  Real estate industry unleashes campaign against Labor's negative gearing policyABC Online
  Real estate giants say changing negative ge
  
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• Real estate agents give back to the community with volunteer service day - Q13 FOX

  13-05-2016 03:04
  
  Q13 FOX
  Real estate agents give back to the community with volunteer service day
  Q13 FOX
  May 12, 2016 - Keller Williams real estate agents spent the day volunteering their services at projects all over the state. Here they're pulling invasive weeds from West Seattle's Camp Long. ×. Real estate agents give back to the community with ...
  Real estate agents take a time out to give where they liveWIBWall 25 news articles »
  
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