Real estate news

• Fiserv, Corelogic partner to accelerate loan modification process

  05-10-2016 23:43
  
  Fiserv, a provider of financial services technology solutions, announced today that it reached an agreement with CoreLogic, a property information, analytics and data-enabled services provider, to integrate Corelogic’s IntelliMods loan modification tool into LoanServ, Fiserv’s loan servicing platform.
  
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• Millennials shun homebuying in coastal cities

  05-10-2016 23:10
  
  As Millennials move into homeownership, they are looking at places to settle down that have higher income growth and more affordable homes. Using data from CoreLogic and Zillow, Fannie Mae created a list of the top 5 most attractive places for Millennials.
  
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• Real estate's vital to the economy: Opposing view - USA TODAY

  05-10-2016 22:52
  
  USA TODAY
  Real estate's vital to the economy: Opposing view
  USA TODAY
  The Real Estate Roundtable, a non-partisan group focusing on issues affecting our industry, has long maintained that all business investments, including real estate, be taxed on the economics of the investment. Tax incentives should be rare and limited ...
  Ares Commercial Real Estate Corporation Closes New $159 Million Loan Raising Third Quarter 2016 Commitments to ...Yahoo Financeall 23 news articles »
  
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• Freddie Mac sells off $1 billion in NPLs to familiar private investors

  05-10-2016 22:23
  
  Freddie Mac announced Wednesday that it is selling $1 billion in non-performing loans off its books to a familiar group of private investors. Among the winning bidders in the NPL auction are Pretium Mortgage Credit Partners I Loan Acquisition, Upland Mortgage Acquisition Company II, and Rushmore Loan Management Services, all of which previously purchased NPL pools from either Fannie Mae or Freddie Mac.
  
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• Updates to FHA Single Family Handbook Offer Clarity for Appraisers

  05-10-2016 22:07
  
  Realtors® raised concerns earlier this year when the Federal Housing Administration’s “Single Family Housing Policy Handbook” included new requirements for appraisers to operate and physically observe appliances on a property during the completion of an appraisal. This inspector-type role far exceeded previously understood appraiser duties and had the potential to make appraisals longer and more costly for consumers.
  In response to those concerns, HUD recently ann
  
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• Oklahoma Housing Impacted by Earthquakes and Oil

  05-10-2016 22:05
  
  A recent ATTOM Data Solutions analysis of housing market trends in Oklahoma following the recent spike in earthquake activity highlights interesting results.
  The analysis found that statewide in Oklahoma earthquakes increased 375 percent between the four quarters ending in Q1 2014 and the four quarters ending in Q1 2016, when earthquake activity reached a peak of 336 earthquakes during the quarter.
  Foreclosure activity — including default notices, scheduled foreclosure auctions, and bank r
  
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• Peek Inside Johnny Depp’s $12.7M Art Deco

  05-10-2016 22:04
  
  Johnny Depp loves art. His Los Angeles penthouse, now on the market for $12.7M, beats you over the head with this fact from the very second you lay eyes on a single photo. It’s got a mural by Brazilian artist twins OSGEMEOS sprawled on the entire dining room wall. Paintings, photographs and other artsy-fartsy pieces suck up space on every single surface and line of vision. From its purple- and blue-hued velvety furniture to its metallic kitchen table set with probably-hand-painted chairs,
  
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• A Rising Market Share of 5,000+ Square Foot Homes

  05-10-2016 22:03
  
  New homes with 5,000 square feet or more of living space increased both as a share of all new construction and in absolute number in 2015, according to the Census Bureau’s Survey of Construction. In 2015, the share of new homes this size reached a post-recession peak of 3.9 percent of new homes started. The total number of 5,000+ square-foot homes started that year was 28,000 units.In 2012, the number of new homes started with 5,000+ square feet rose to 15,000 units, yet their share remain
  
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• How to defend against disruptive Airbnb neighbors

  05-10-2016 20:58
  
  For those that are concerned about a neighbor who is using Airbnb, there is legal action you can take. HousingWire’s interview with the chief legal officer from Avvo shows homeowners steps they can take in order to fight back against these sometimes unwelcome neighbors.
  
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• Update: Meet the chief information officer at Freddie Mac

  05-10-2016 20:51
  
  Freddie Mac Chief Information Officer Robert Lux, in an interview with Forbes, revealed some insight into the tech operations at the government-sponsored enterprise.
  
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• The executive behind Freddie Mac’s mortgage innovation

  05-10-2016 20:51
  
  Coming in during the aftermath of the financial crisis, Freddie Mac Chief Information Officer Robert Lux took the company and transformed it to create a better housing and finance system through technology innovation. This Q&A reveals how he took the challenging situation he inherited and created a symbiotic relationship with the rest of the company to better drive strategic initiatives.
  
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• Senators call for DOJ investigation of Wells Fargo executives

  05-10-2016 19:18
  
  The Department of Justice announced last year that it planned to begin targeting individual employees for corporate misconduct. Now, a group of senators are asking the DOJ to put that new policy to work and investigate, and perhaps even prosecute, executives at Wells Fargo for the fake accounts scandal.
  
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• Zillow: We use the best fraud prevention system available

  05-10-2016 18:52
  
  After some real estate agents complained about receiving phishing emails instead of leads from Zillow, the company responded by saying not only does it do everything it can to prevent these scam emails from going through, but it has one of the best filters in the industry. Zillow argues that scammers are only an occasional occurrence.
  
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• Fellow real estate mogul: Trump is the real deal as a successful businessman - CNBC

  05-10-2016 16:59
  
  CNBC
  Fellow real estate mogul: Trump is the real deal as a successful businessman
  CNBC
  Donald Trump's comeback in the 1990s was not due to tax maneuvering but from shrewd business acumen, said Trump supporter Howard Lorber, chairman of New York City real estate powerhouse Douglas Elliman. The GOP presidential nominee's use of ...
  
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• Why Real Estate Billionaire Sam Zell Believes In Intelligent Immigration - Forbes

  05-10-2016 16:31
  
  Forbes
  Why Real Estate Billionaire Sam Zell Believes In Intelligent Immigration
  Forbes
  Sam Zell's parents and older sister arrived in the United States four months before he was born. Eventually they would land in Chicago, where Zell still runs his real estate investment empire, but their circuitous 21-month journey to get there included ...
  
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• ADP reports employers still adding jobs to the economy

  05-10-2016 16:22
  
  ADP's predicted increase in jobs for September is predicted to come in very close to the increase witnessed in August, with one key difference. Instead of decreasing, construction jobs show a significant increase in September, bringing some much-needed relief to the housing affordability crisis.
  
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• Trump Lobbied for Tax Changes 25 Years Ago That Forgave Real Estate Losses - NBCNews.com

  05-10-2016 13:11
  
  NBCNews.com
  Trump Lobbied for Tax Changes 25 Years Ago That Forgave Real Estate Losses
  NBCNews.com
  Donald Trump has logged plenty of hours in front of television cameras, so at first glance, a Congressional subcommittee hearing from 1991 doesn't seem like it would be much of a noteworthy performance in the ...
  Trumping real estate taxes: Our viewUSA TODAY
  How Donald Trump and other real-estate developers pay almost nothing in taxesWashington Post
  The loophole that allows real estate tycoon
  
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• MBA: Mortgage applications record slight increase

  05-10-2016 13:05
  
  While it may be small, mortgage applications ticked up 2.9% from one week earlier. Most notably in the latest Mortgage Bankers Association’s report, the average contract interest rate for 30-year, fixed-rate mortgages with conforming loan balances dropped to the lowest level since July 2016.
  
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• PHH takes another hit as BofA Merrill Lynch pulls mortgage servicing portfolio

  05-10-2016 01:18
  
  It only took a little more than six months for Bank of America Merrill Lynch to decide to pull the rest of its mortgage servicing business from PHH Mortgage Corp., marking another devastating blow for the company. Effective March 31, 2017, PHH will no longer provide private label origination services on behalf of Merrill Lynch.
  
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• RBS to pay $120 million to Connecticut to settle toxic mortgage bond claims

  05-10-2016 00:20
  
  The Royal Bank of Scotland will pay $120 million to settle claims brought by the state of Connecticut, which accused RBS of misrepresenting the quality of mortgages backing residential mortgage-backed securities during the run-up to the financial crisis.
  
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• Survey: Investors Eye More Real Estate Assets

  05-10-2016 00:00
  You may want to be prepared to advise investors on real estate acquisitions, as 89 percent say they are "eager" to incorporate real...
  
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• Share This Tip With Renters Who Want to Own

  05-10-2016 00:00
  As renters face escalating housing costs, you should be concerned that it's getting harder for them to save for a home purchase. But this...
  
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• Reduce Buyer Panic Over Rising Home Prices

  05-10-2016 00:00
  Several reports are showing steep acceleration in home appreciation, but there's a way you can talk down buyers who are worried that they'...
  
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• Home Owners Rush to Refinance

  05-10-2016 00:00
  But applications for home purchases see a drastic year-over-year decline amid the one-year anniversary of new mortgage rules.
  
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• Down-Payment Flubs That Delay Transactions

  05-10-2016 00:00
  Make sure your buyers don't make these innocent mistakes when depositing money into their bank accounts. Otherwise, it will trip up lenders...
  
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• 5 Ways to Save Your Clients Money

  05-10-2016 00:00
  Prospective home owners need to learn how to budget for the costs of home ownership, but many of your buyers may be too quick...
  
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