Real estate news

• Optimal Blue acquired by private equity firm GTCR

  16-06-2016 23:46
  
  Private equity firm GTCR announced it acquired Plano, Texas-based Optimal Blue, a cloud-based provider of enterprise lending services to the mortgage industry. Besides a new CEO, the news also comes with up to a $350 million commitment of equity capital to the investment. Here's where that money will go.
  
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• Fannie Mae announces three pools of NPLs for sale

  16-06-2016 23:01
  
  In its latest sale of non-performing loans, Fannie Mae announced three different pool offerings for sale. And keeping up with its more specifically targeted Community Impact Pools, the first, smaller pool is being marketed to encourage participation by smaller investors, non-profit organizations and minority- and women-owned businesses.
  
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• 2 Rate Hikes Are Better than 4

  16-06-2016 22:15
  
  With all eyes on the Federal Reserve, real estate brokers around the nation anticipated a strong spring market this year.
  The year began with some pessimism marked by the double-whammy of the first rate increase since the Great Recession in December, followed by a January stock market plunge on the first trading day of 2016. Even though the Federal Reserve (the Fed) does not directly control mortgage interest rates—those are derived by individual lenders based on a variety of factors, incl
  
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• How New Payday Loan Rules Will Affect You

  16-06-2016 22:13
  
  (TNS)—The $46 billion payday loan industry is in for a big blow, thanks to the Consumer Financial Protection Bureau (CFPB), which has proposed new regulations that would limit payday lenders’ ability to grant cash advances to borrowers who can’t afford them. Here’s a look at the new payday loans rules proposed by the CFPB.
  The controversial payday loans industry is known for offering short-term loans with an average annual percentage rate of approximately 390 percent or h
  
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• FHFA "strongly disagrees" with questioning Fannie Mae's motives for HQ construction

  16-06-2016 21:15
  
  In a wide-ranging report released Thursday, the FHFA Office of Inspector General seemingly questioned the motives of Fannie Mae surrounding the construction of its new headquarters in Washington, D.C. In a response to the OIG report, FHFA Director Mel Watt balks at the veiled questioning of Fannie Mae's motives, saying he "strongly disagrees" with the assertion that Fannie Mae has "little incentive" to hang on to its money.
  
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• FHFA watchdog blasts lax oversight of rising Fannie Mae headquarters construction costs

  16-06-2016 21:10
  
  The Federal Housing Finance Agency has been lax in its duties as the overseer of Fannie Mae, and needs to do far more to address the dramatically rising cost of Fannie Mae's new Washington, D.C. headquarters, the FHFA's watchdog said in a new report. Here are all the details.
  
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• Editorial: Protect older property owners from real estate scams - The Boston Globe

  16-06-2016 20:07
  
  The Boston Globe
  Editorial: Protect older property owners from real estate scams
  The Boston Globe
  If veteran scam artist Rolando Pam had tried to pull off one of his signature real estate frauds in Maine, he'd face more obstacles than he has in Boston. That state has a unique law protecting older property owners, who are most likely to fall victim ...
  
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• Attn mortgage lenders: Here’s how to stay compliant

  16-06-2016 20:05
  
  TRID compliancy is not easily achieved, in fact, a recent study showed 90% of loans had TRID violations. One company, however, managed to achieve compliancy. Here’s its secret.
  
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• Capital Economics: What's keeping home prices from rising even higher?

  16-06-2016 19:25
  
  Home price appreciation could be as high as 10% given today's tight housing inventory, so why isn't it? A new report from Capital Economics explains why past data puts appreciation estimates so high and why this isn't actually happening.
  
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• Redfin: Homes now selling faster than ever

  16-06-2016 18:58
  
  Many things are contributing to the fast-moving housing market, including home prices, inventory and low interest rates. Some smaller housing markets are even shocked at the changes; Americans, it seems, are fleeing big cities.
  
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• Entrepreneur leads real estate, tech marketing startups with new kind of farming - Phoenix Business Journal

  16-06-2016 18:17
  Phoenix Business Journal
  Entrepreneur leads real estate, tech marketing startups with new kind of farming
  Phoenix Business Journal
  Chris Morrison is a new kind of farmer — a data farmer focused on real estate, direct mail and leveraging technology and social media. And Morrison is applying those skills and his passion for marketing and branding to two new ventures. Chris Morrison ...
  Why the real estate industry is going the digital wayExpress Computerall 3 news articles »
  
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• Inland Real Estate Acquisitions, Inc. Purchases Four Medical Office Properties in San Antonio - Business Wire (press release)

  16-06-2016 17:30
  
  Inland Real Estate Acquisitions, Inc. Purchases Four Medical Office Properties in San Antonio
  Business Wire (press release)
  OAK BROOK, Ill.--(BUSINESS WIRE)--Inland Real Estate Acquisitions, Inc. announced today that it facilitated the acquisitions of four medical office properties located in San Antonio. Matthew Tice, senior vice president of Inland Real Estate ...and more »
  
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• Chinese investments in U.S. housing set to double

  16-06-2016 17:21
  
  The amount of investment into the U.S. housing market from China is expected to double by year 2020. Although since 2010 there has been significantly more investment in the residential sector, that could be about to change.
  
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• Colorado's U.S. Olympic Committee taps real estate exec to run business operations - Denver Business Journal

  16-06-2016 17:20
  Colorado's U.S. Olympic Committee taps real estate exec to run business operations
  Denver Business Journal
  The Colorado Springs-based U.S. Olympic Committee has picked an executive with real estate investment trust Highwoods Properies Inc. to fill its newly created position of chief of business operations. Kevin Penn will report to USOC CEO Scott Blackmun, ...and more »
  
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• 5 things real estate agents wish you wouldn't do - WPTZ

  16-06-2016 17:02
  
  WPTZ
  5 things real estate agents wish you wouldn't do
  WPTZ
  Buying a house can be intimidating and even downright unpleasant for some people, and if you want the process to be as painless as possible, here are some things real estate agents wish prospective home buyers would -- and wouldn't -- do, according to ...and more »
  
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• 5 things real estate agents wish you wouldn't do - KCCI Des Moines

  16-06-2016 17:02
  
  KCCI Des Moines
  5 things real estate agents wish you wouldn't do
  KCCI Des Moines
  Buying a house can be intimidating and even downright unpleasant for some people, and if you want the process to be as painless as possible, here are some things real estate agents wish prospective home buyers would -- and wouldn't -- do, according to ...and more »
  
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• Pensions Unaware Hidden Real Estate Fees Dwarf Those Disclosed - Forbes

  16-06-2016 16:18
  
  Forbes
  Pensions Unaware Hidden Real Estate Fees Dwarf Those Disclosed
  Forbes
  In recent years, following a decade-long gorging on hedge and private equity funds by government pensions, the massive hidden fees and expenses related to these “alternative” investment funds have attracted greater scrutiny. Despite initial skepticism ...
  
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• Freddie Mac: 30-year mortgage rate drops for second consecutive week

  16-06-2016 16:10
  
  After this week’s announcement from the Fed that they would not raise rates, the average 30-year mortgage rate dropped for the second week in a row. Here is what Freddie Mac’s chief economist has to say about that.
  
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• Finding home: Tri-City real estate market holds surprises for Kansas transplants - Tri-City Herald

  16-06-2016 14:48
  
  Tri-City Herald
  Finding home: Tri-City real estate market holds surprises for Kansas transplants
  Tri-City Herald
  Yes, another trite sunset photo. But we're giddy about having a view that blends local rooflines with distant hills. At night, city lights compete with the stars. This feels like – this is – home. Randy Bradbury Courtesy. Our comfortable, colorful home ...
  
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• Real Estate Funds Head to Head: FRESX Vs TRREX - Zacks.com

  16-06-2016 14:43
  
  Real Estate Funds Head to Head: FRESX Vs TRREX
  Zacks.com
  The real estate sector is on investors' radar as most of the economic data related to the space have been encouraging in recent times. Meanwhile, the federal funds rate remained unchanged and the hike got delayed following concerns over weak job growth ...and more »
  
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• One Year Later, Arizona Real Estate Investor Still Missing - Huffington Post

  16-06-2016 13:35
  
  Huffington Post
  One Year Later, Arizona Real Estate Investor Still Missing
  Huffington Post
  What happened to Sidney Cranston remains as much a mystery today as it did when he vanished on June 16, 2015. 06/16/2016 07:33 am ET. David Lohr Senior Crime Reporter, The Huffington Post. Facebook. Have you seen Sidney “Sid” Cranston?and more »
  
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• Elk home sells for $450K | South Jersey real estate - NJ.com

  16-06-2016 13:35
  
  Elk home sells for $450K | South Jersey real estate
  NJ.com
  Elk home sells for $450K | South Jersey real estate | NJ.com ...
  
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• Pending real estate sales hit a new high in May in Massachusetts - MassLive.com

  16-06-2016 12:24
  
  MassLive.com
  Pending real estate sales hit a new high in May in Massachusetts
  MassLive.com
  Pending real estate sales hit a new high in May in Massachusetts | masslive.com ...
  
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• CRE pros at second annual Cleveland Commercial Real Estate Summit celebrate improving commercial market - REjournals.com

  16-06-2016 12:24
  REjournals.com
  CRE pros at second annual Cleveland Commercial Real Estate Summit celebrate improving commercial market
  REjournals.com
  Cleveland's commercial real estate market is on the rise, with the center of the city attracting a steady stream of new residents, apartment projects, restaurants and retailers. And the good news isn't only coming from the center of the city. Cleveland ...and more »
  
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• UPDATE 1-Hungary c.bank foundations shift to real estate from govt bonds - Reuters

  16-06-2016 12:06
  
  UPDATE 1-Hungary c.bank foundations shift to real estate from govt bonds
  Reuters
  ... * Foundations acquire four office blocks, one vacant. * To scale down government bond holdings. * Expect annual returns of 7-8 pct on new properties. * ECB monitoring activities of cbank foundations (Adds more comments, detail). By Gergely Szakacs.and more »
  
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• Hungary c.bank foundations to shift funds into real estate -report - Reuters

  16-06-2016 09:23
  
  Hungary c.bank foundations to shift funds into real estate -report
  Reuters
  BUDAPEST, June 16 Foundations set up by the National Bank of Hungary plan to shift a large part of their funds from local government debt into commercial real estate assets, the head of the firm managing the assets has been quoted as saying.and more »
  
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• Hernando County real estate transactions for June 17, 2016 - Tampabay.com

  16-06-2016 06:32
  
  Hernando County real estate transactions for June 17, 2016
  Tampabay.com
  13104 Star Rd., to Gregory Spencer Longley & Claudia Marie Lavigne by David Randal Wittenauer & Tara Lynn Wittenauer, $160,000, 05/12/2016. 799 Nodding Shade Dr., to George Pereira & Natalie Marie Pereira by Chris A. Vergara & Christopher A.
  
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• Real estate prices in Attariya jump - Kathmandu Post

  16-06-2016 05:19
  
  Kathmandu Post
  Real estate prices in Attariya jump
  Kathmandu Post
  Jun 16, 2016- Land prices in Attariya have jumped following reports that the highway town in western Nepal will be made the capital of Province 7, triggering a real estate boom. Attariya lies some distance from the main market area, but land prices ...
  
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• MGIC CEO questions the role of the FHA

  16-06-2016 01:02
  
  As discussions around GSE reform and possible reductions in mortgage insurance premium at the Federal Housing Administration start to reach a boiling point, Patrick Sinks president and CEO of private mortgage insurer MGIC, posted a blog on the company’s website to get one important factor straight in the discussion.
  
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• REAL ESTATE: Homes aren't out of reach, millennials believe - Press-Enterprise

  16-06-2016 00:24
  
  Press-Enterprise
  REAL ESTATE: Homes aren't out of reach, millennials believe
  Press-Enterprise
  The American dream of home ownership lives on among millennials, Wells Fargo found in a survey of 3,400 adults conducted in May. The findings are especially notable in the Inland area, where median prices have been outrunning median incomes in ...
  
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