Real estate news

• Sen. Corker pulls name from Trump VP shortlist

  06-07-2016 23:59
  
  One of the leading voices in Congress on housing finance reform will not be lending his voice to the coming presidential race, at least not in an official capacity, as Sen. Bob Corker, R-Tenn, announced Wednesday that he is removing himself from consideration to serve as the vice presidential candidate under presumptive Republican nominee Donald Trump.
  
  Read more

• Fourth Wife On Her 4th Billion: A Love Affair with Real Estate - Forbes

  06-07-2016 23:30
  
  Forbes
  Fourth Wife On Her 4th Billion: A Love Affair with Real Estate
  Forbes
  Angela Leong's property saga, it turns out, doesn't begin or end with her attachment to Stanley Ho. Till now, the public persona of Angela Leong On-kei （梁安琪）has been as the “fourth wife” of Stanley Ho, the 94-year-old Macau tycoon who for 40 years ...and more »
  
  Read more

• [Video] Five years later, would CFPB Director Cordray do regulation any differently?

  06-07-2016 22:58
  
  July 21, 2016 marks the fifth anniversary of the Consumer Financial Protection Bureau. Looking back, CFPB Director Richard Cordray answered in a recent interview if he would do anything different now that he has had the chance to see some of the consequences of regulation. And as far as looking ahead, could America soon be seeing him as the future vice president of America?
  
  Read more

• [Video] Five years later, would CFPB Director Corday do regulation any differently?

  06-07-2016 22:58
  
  July 21, 2016 marks the fifth anniversary of the Consumer Financial Protection Bureau. Looking back, CFPB Director Richard Cordray answered in a recent interview if he would do anything different now that he has had the chance to see some of the consequences of regulation. And as far as looking ahead, could America soon be seeing him as the future vice president of America?
  
  Read more

• Advertisement

• What the Latest Fair Housing Guidance on Criminal Background Checks Means for Real Estate

  06-07-2016 22:06
  
  The Fair Housing Act (the “Act”) unequivocally prohibits intentional discrimination by housing providers, but last year, the United States Supreme Court ruled that housing providers may run afoul of the Act, even absent the intent to discriminate. In the Supreme Court’s 2015 decision in TX Dept. of Community Affairs v. Inclusive Communities, the Court upheld disparate impact liability under the Act, which means that a housing provider can be liable under the Act if the provider
  
  Read more

• Confessions of a 20-Year Homeowner

  06-07-2016 22:04
  
  My oldest son turned 20 this year. In addition to realizing I’ll no longer be able to say, “I have two teenagers,” and that I’m probably not going to be his number-one concert buddy anymore, something else hit me on Jack’s birthday—the realization that we’ve now lived in our home for 20 years. Our first home had quietly turned into our only home.
  Working at RISMedia for more than 12 years now, I’m well aware that my same-home longevity is not the o
  
  Read more

• Great Spaces: Billy Joel’s Florida Mansion Hits the Market

  06-07-2016 22:03
  
  Billy Joel just turned 67 and is still performing every month at his favorite house, New York City’s Madison Square Garden, which is always sold out months in advance. At a million dollars a month, it’s not a bad gig, and affords him plenty of time to lay back and enjoy life at his Tudor mansion on Oyster Bay at the tip of Long Island’s North Shore where he’s involved in boating. He even has a vintage motorcycle shop where he displays his own collection that he shares wit
  
  Read more

• Real Estate Investment Trusts Are The New Savings Accounts - Forbes

  06-07-2016 22:00
  
  Forbes
  Real Estate Investment Trusts Are The New Savings Accounts
  Forbes
  It used to be that you could put $1 million into an insured savings account and earn interest of about $50,000 a year. Today, the same $1 million would generate between $100 to $500 a year. For years now, real-estate investment trusts (REITs) have paid ...
  Tumbling Sterling Fails to Stem Selloff in UK Real Estate SharesWall Street Journal (blog)
  Crowdfunded Real Estate: Should You Jump on the Bandwagon?RisMedia.com (p
  
  Read more

• Advertisement

• Real estate agent faces up to 30 years in prison for mortgage fraud

  06-07-2016 21:36
  
  A real estate agent pleaded guilty Tuesday to his participation in a mortgage fraud scheme, dating back to 2008. In the latest update on his case from the United States Attorney for the District of Maryland Rod J. Rosenstein, he faces a maximum sentence of 30 years in prison and a $250,000 fine for conspiring to commit wire and mail fraud, and for wire fraud.
  
  Read more

• Brexit proved too much a wild card for Fed officials

  06-07-2016 21:23
  
  Minutes released from the Fed’s June meeting show how dependent raising rates this year is to the Brexit decision, and the role other economic factors, such as the jobs report, played in the decision not to raise rates. Here's how the esteemed board reasoned their decision on interest rates.
  
  Read more

• Women are the primary borrower on 32% of Millennial mortgages

  06-07-2016 19:03
  
  In many Millennial mortgage loans where women are the primary buyer, they are single, while the same does not hold true for men. Also, more Millennials obtain FHA loans compared to the total population.
  
  Read more

• Former bank president facing life in jail for bank fraud, real estate fraud

  06-07-2016 18:59
  
  The former president and chairman of a failed Oklahoma bank could spend the rest of his life in federal prison after a jury found him guilty of a series of fraud charges that involved personally approving fraudulent loans for real estate and other investments.
  
  Read more

• U.S. Treasury yields fall to lowest level ever

  06-07-2016 18:21
  
  The yield on the benchmark 10-year U.S. Treasury note fell to its lowest level ever Tuesday, signaling that this extremely low interest rate environment isn’t going anywhere quickly. Mortgage applications already surged on Wednesday, and that didn't even include this new record low in yields.
  
  Read more

• BB&T names 3 new executive team members

  06-07-2016 17:53
  
  BB&T promoted three executives, Jim Godwin, Brant Standridge and Dontá Wilson. Together they hold nearly 60 years of banking experience. The company CEO says they are “excellent” additions to the executive management team.
  
  Read more

• Foreign real estate investment in U.S. declined in the last year

  06-07-2016 16:38
  
  Despite all the media attention focused on Hispanic immigrants, the fastest-growing group of immigrants is actually Asians and, more specifically, Indians. Indians as well as Chinese-Americans are also more likely to own than rent.
  
  Read more

• Foreign buyers flood US real estate, but buy cheaper homes - CNBC

  06-07-2016 16:01
  
  CNBC
  Foreign buyers flood US real estate, but buy cheaper homes
  CNBC
  The appetite for U.S. real estate continues to flourish, but international buyers are shifting their sights from luxury to less-pricey properties. This may be due to overall higher home prices, along with a stronger U.S. dollar, which both cost foreign ...
  China's Real Estate Sector Is OverstockedForbes
  Could a Dip in Foreign Buyers Affect U.S. Home Hunters?Realtor.com News
  Chinese top foreign buyers of US real estate for four
  
  Read more

• The Brexit impact is real: Refis jump to 18-month high

  06-07-2016 13:05
  
  Brexit’s impact on mortgage applications is here, and it looks like borrowers cashed in on the ultra-low interest rates. Last week's applications didn’t show any signs of Brexit given the delay in impact from U.S. Treasury yields effect on interest rates. That all changed with the latest round of apps news.
  
  Read more

• The Opinion Pages|A Real Estate Developer Can Go Bankrupt. A President Can't. - New York Times

  06-07-2016 09:21
  New York Times
  The Opinion Pages|A Real Estate Developer Can Go Bankrupt. A President Can't.
  New York Times
  After the recent Brexit vote in Britain, Donald J. Trump, the presumptive Republican nominee for president, commented on the fallout: “I don't want to have a plummeting pound. But if it does plummet, I do well.” Similarly, in 2006, before the collapse ...
  
  Read more

Follow @RealEstate_Nws_ on Twitter!