Real estate news

• EXCLUSIVE: Security vulnerabilities discovered in FHA systems

  07-09-2016 22:57
  
  Some of the systems used by the Federal Housing Administration’s single-family insurance program are vulnerable to security breaches, an investigation by the agency’s watchdog uncovered recently. Details on the nature of the “vulnerabilities” are limited at this point, as the Office of the Inspector General for the Department of Housing and Urban Development chose not to share the full results of its investigation with the public. Click headline to learn more.
  
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• Shortage of New-home Lots Promises to Drive Up Home Prices

  07-09-2016 22:25
  
  A growing shortage of lots for new homes will push up home prices in many U.S. markets.
  That’s the word from the National Association of Home Builders (NAHB), which says the availability of new-home lots is at a historic low. In the NAHB/Wells Fargo Housing Market Index survey for May, 64 percent of home builders reported the supply of new-home lots in their areas was “low” or “very low.” That’s the highest percentage since NAHB started collecting this data in
  
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• Goldman Sachs bans Trump donations from employees

  07-09-2016 22:23
  
  Goldman Sachs just passed a new rule hindering who its employees can donate to. While the company released its reasoning for the new rule, the timing does seem suspect, especially since the company CEO’s candidate will not be impacted by the changes.
  
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• Home Purchases Stumble, but Continue Forward

  07-09-2016 22:17
  
  The Fannie Mae Home Purchase Sentiment Index (HPSI) fell 1.5 points to 85.0 in August but continued its gradual climb upward from the same period last year. Four of the six HPSI components decreased during the month, most notably the share of consumers who expect home prices to go up in the next 12 months and the share who say now is a good time to sell a home – decreasing 6 and 5 percentage points in August, respectively. Additionally, more consumers reported a positive employment ou
  
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• Mortgage Applications Rise

  07-09-2016 22:14
  
  Mortgage applications increased 0.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 2, 2016.
  The Market Composite Index, a measure of mortgage loan application volume, increased 0.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 0.1 percent compared with the previous week. The Refinance Index increased 1 percent fro
  
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• From the lenders: What to look for when it comes to building a vendor network

  07-09-2016 21:00
  
  In the past two years, the vetting and oversight of third party service providers has gone from being a minor consideration for the vendor management department to a core focus in the boardroom. We spoke with several lenders to get an idea of what they rely upon the most. While the production teams tended to focus on the here-and-now of the transaction, the executives seemed a bit more concerned with the potential future results of service provider performance.
  
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• Appraisal volume falls two weeks straight

  07-09-2016 20:37
  
  The latest National Appraisal Volume Index report from a la mode mirrored a lot of the same results from last week as the start of school takes focus away from house hunting. Looking at this week’s mortgage application report, will this trend change anytime soon?
  
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• FBR: Mortgage market booms, will push $2 trillion in 2016

  07-09-2016 20:19
  
  Count the analysts of FBR & Co. among those thinking that 2016 is going to end up being one of the strongest years for mortgage lending in recent memory. In a new report, FBR analysts Paul Miller and Tim Hayes tout a mortgage market that is “continuing to shine” throughout this year, thanks in large part to the continually low mortgage interest rates that are now the norm and the “most stable regulatory environment in years.”
  
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• The second digital mortgage revolution

  07-09-2016 19:40
  
  While the second digital revolution won't be advertised with slick commercials of rocket launches, it will be just as important as the first one. The key for this second digital mortgage revolution? Integration.
  
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• Of course women are more likely than men to pay their mortgage

  07-09-2016 19:10
  
  Urban Institute just released a study showing that, while single-women have a harder time getting a loan, they are actually more likely to make their payments. Of course, this is basically just repeating what we all know to be true, but finally there’s a[nother] study that proves it.
  
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• Fannie Mae: Consumers unsure about housing market in August

  07-09-2016 16:52
  
  Fannie Mae’s Home Purchase Sentiment Index decreased in August as consumers begin to feel less optimistic about the economy. It is still up from last year, however, and continues its slow upward climb. Those who say it’s a good time to sell came down from an all-time high.
  
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• Farallon Announces Close Of $400 Million For Farallon Real Estate Partners II - PR Newswire (press release)

  07-09-2016 15:05
  
  Farallon Announces Close Of $400 Million For Farallon Real Estate Partners II
  PR Newswire (press release)
  SAN FRANCISCO, Sept. 7, 2016 /PRNewswire/ -- Farallon Capital Management, L.L.C. ("Farallon"), a global investment management firm in its 31st year, announced the completion of fundraising for Farallon Real Estate Partners II ("FREP II"), its second ...
  
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• Loft47 & dotloop - The fastest and easiest real estate transaction, from the front office to the back - PR Newswire (press release)

  07-09-2016 14:07
  
  Loft47 & dotloop - The fastest and easiest real estate transaction, from the front office to the back
  PR Newswire (press release)
  VANCOUVER, Sept. 7, 2016 /PRNewswire/ - Fresh out of the REALOGY FWD innovation summit, Loft47 innovates again to push the limits in speed and simplicity of real estate accounting through integration with dotloop.and more »
  
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• MBA: Mortgage applications tick up ever so slightly

  07-09-2016 13:05
  
  It’s all quiet on the mortgage application front, per the latest data from the Mortgage Bankers Association. Basically, there are minor movements in one direction or the other each week, but it’s all in the same ballpark, and has been for a little while now.
  
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• GainClients, Inc. Enters Into A Licensing Agreement with Real Estate Technology Upstart CLOVIS, LLC To Expand Its ... - PR Newswire (press release)

  07-09-2016 13:05
  
  GainClients, Inc. Enters Into A Licensing Agreement with Real Estate Technology Upstart CLOVIS, LLC To Expand Its ...
  PR Newswire (press release)
  TUCSON, Ariz., Sept. 7, 2016 /PRNewswire/ -- GainClients, Inc. (OTC: GCLT) ("GCLT") has entered into a Memorandum of Understanding with CLOVIS, LLC, ("CLOVIS") a California Limited Liability Company created specifically to participate in the ...
  
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• Manhattan's Luxury Real Estate Slowdown Is Spreading to Other Price Tiers - Bloomberg

  07-09-2016 12:17
  
  Bloomberg
  Manhattan's Luxury Real Estate Slowdown Is Spreading to Other Price Tiers
  Bloomberg
  There are more signs of a slowdown in New York City real estate. According to new data from listings website StreetEasy.com, the luxury market still has some adjusting to do with price cuts now spreading from just the most expensive apartments to other ...and more »
  
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• Texas Gaining on the Global Scene

  07-09-2016 00:00
  The Texas Association of REALTORS® reports the state is emerging as a hot-spot among international home buyers. 
  
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• Loan Demand Mostly Flat, But…

  07-09-2016 00:00
  Stalling interest rates left the mortgage market mostly sluggish last week. But a year-over-year comparison shows a different story.
  
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• Buyers Bidding Blind: Swift or Shortsighted?

  07-09-2016 00:00
  As more brokerages turn to high-resolution imagery, 3D photos, and virtual tours, a new survey shows nearly 20 percent of buyers choosing to forgo...
  
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• 4 Deep-Cleaning Targets to Help a Home Shine

  07-09-2016 00:00
  Help sellers prepare for showings with these tips to make a home more appealing to buyers. 
  
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• 4 Colors That Turn Off Buyers

  07-09-2016 00:00
  Could the wrong shade of paint dampen interest in a home? Help sellers avoid trouble by making note of colors that could lower a listing'...
  
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