Real estate news

• Zell not bullish on economy, real estate market - Crain's Chicago Business

  26-10-2016 23:52
  
  Crain's Chicago Business
  Zell not bullish on economy, real estate market
  Crain's Chicago Business
  If you want an optimistic take on the U.S. and world economies, don't look to Sam Zell. Speaking at an investment conference today, the billionaire Chicago investor suggested a recession may be on the horizon, decried the demographics of aging Europe ...
  
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• Look out housing, Millennials are about to take over

  26-10-2016 23:31
  
  Millennials are the largest living population on this planet, and they may be better positioned than any other generation for homeownership. Why? Actually, it could be the very thing holding them back right now that drives them forward later.
  
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• Man Poses as Harlem Real Estate Agent and Scams Investors Out ... - DNAinfo

  26-10-2016 23:30
  
  DNAinfo
  Man Poses as Harlem Real Estate Agent and Scams Investors Out ...
  DNAinfo
  The man spent the money on credit card payments and country club memberships.
  Fake real-estate agent gets jail for swindling imam out of $50K | New ...New York Post
  Real Estate Scams NYC, Harlem Vintage Realty - The Real DealThe Real Deal Magazineall 5 news articles »
  
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• Ocwen returns to profitability for first time since Q2 2015

  26-10-2016 23:13
  
  Earlier this year, when Ocwen Financial reported a net loss for the second quarter, marking its fourth straight quarter of taking a loss, the company’s executives said that despite the “legacy” issues Ocwen faced, they believed the company was on a path back to profitability. What they didn’t say is just how long it would take the nonbank to get back into the black. As it turns out, it only took one quarter.
  
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• Industry experts reveal details of HAMP replacement program

  26-10-2016 22:08
  
  Experts at this week's MBA annual conference revealed more details about the program that will replace HAMP: One Mod. A panel from the conference in Boston talked about some of the changes.
  
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• New-Home Sales Up after August Slip

  26-10-2016 22:07
  
  New-home sales activity is up, coming in at a rate of 593,000 in September, roughly 3 percent higher than the August rate of 575,000, the U.S. Census Bureau and Department of Housing and Urban Development (HUD) report. September’s rate, which represents 4.8-months supply, is approximately 30 percent higher than the September 2015 estimate of 457,000.
  The uptick in new-home sales activity comes amid a strong showing of existing-home sales—as reported by the National Association of REA
  
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• Window to the Law: Prevent Elder Abuse

  26-10-2016 22:06
  
  Editor’s Note: This is part of a monthly video series from the National Association of REALTORS® (NAR) to inform and educate members about important aspects of being a real estate professional. Watch for this series each month in RISMedia’s Daily e-News.
  In this edition of NAR’s Window to the Law, NAR Associate Counsel Jessica Edgerton discusses how to identify, prevent and report elder abuse related to real estate transactions.To view this video on NAR’s website, cli
  
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• loanDepot opens direct-lending production center in Michigan

  26-10-2016 21:14
  
  Another lender is eyeing the Detroit area for its employee potential. The city is home to top companies such as Quicken Loans and United Wholesale Mortgage. And now, loanDepot announced it is opening a new direct-lending production center in the area. The Detroit comeback continues.
  
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• Don't move on too quick, TRID isn't over yet

  26-10-2016 21:00
  
  Last year, TRID was everywhere. You couldn’t get away from the Consumer Financial Protection Bureau’s new Know Before You Owe rule. But while you likely have a better handle on TRID one year later, don’t forget that the news on TRID isn’t over. The Mortgage Bankers Association’s annual convention this year featured only one panel session on TRID, a significant change from all the hype surrounding it last year. Here's what you still need to know.
  
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• Bye-bye regulation, the mortgage industry found a new focus: technology innovation

  26-10-2016 21:00
  
  There was a clear difference in the atmosphere at the Mortgage Bankers Association’s annual convention and expo in Boston this year. A quick look at this year's headlines compared to last year's headlines shows the dichotomy between the two. The industry was so stifled by TRID last year that the burden carried over into the mood of the conference. This year, however, produced a different, better story.
  
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• FHA lowers owner-occupancy requirements for condos

  26-10-2016 20:39
  
  When President Obama signed the "Housing Opportunity Through Modernization Act of 2016 into law a few months ago, many celebrated the law because it brought changes to the Federal Housing Administration’s rules for condominium financing, among other changes. Wednesday, the FHA delivered, lowering its owner-occupancy requirements on certain condo developments.
  
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• SIGTARP moves to hold top brass accountable for bad bank behavior

  26-10-2016 19:09
  
  Former Wells Fargo CEO John Stumpf and other Wells Fargo executives could still face criminal charges over how much the bank’s management knew about the more than 2 million fake accounts that 5,000 of the bank’s former employees opened in order to get sales bonuses. Even if Stumpf and the others don’t end up facing criminal charges, the Wells Fargo situation could still prove to be a tipping point as one financial regulator is proposing big changes that would hold executives pe
  
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• New home sales increase nearly 30% in September

  26-10-2016 17:11
  
  Home sales increased in September after dropping the month before. However, although many economists expected this increase, noting that it showed strength in the economy, not everyone agreed. One thing they did all agree on: there is still room for more growth.
  
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• 5 best -- and worst -- US real estate markets - CBS News

  26-10-2016 16:24
  
  CBS News
  5 best -- and worst -- US real estate markets
  CBS News
  Investors and homeowners looking for the next hot property market should keep an eye on two trends: jobs and affordability. That's according to new research from PwC and the Urban Land Institute, which on Wednesday published their annual Emerging ...
  Nashville climbs list of nation's hottest real estate marketsThe Tennessean
  Top 10 emerging trends shaping real estate in 2017Curbed
  Austin tops Dallas in national real estate dev
  
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• Consumer confidence tumbles in October

  26-10-2016 16:15
  
  After hitting post-recession highs in September, consumer confidence dropped in October. According to one economist, the upcoming elections could be putting many consumers slightly on edge. Here’s more about where Americans say the economy sits, and where it’s headed.
  
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• Consumer confidence tumbles down in October

  26-10-2016 16:15
  
  After hitting post-recession highs, consumer confidence dropped in October. According to one economist, the upcoming elections could be putting many consumers slightly on edge. Here’s more about where Americans say the economy sits, and where it’s headed.
  
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• Unique factors may be driving real estate investment decisions in Portland's suburbs - Portland Business Journal

  26-10-2016 14:55
  Portland Business Journal
  Unique factors may be driving real estate investment decisions in Portland's suburbs
  Portland Business Journal
  Guest columnist Alisa Pyszka on how a community's story and its walkability can help meet the needs of citizens, employers and investors. Oct 26, 2016, 5:30am PDT. Industries & Tags: Commercial Real Estate, · Residential Real Estate. Alisa Pyszka ...
  
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• MBA: Mortgage applications reverse course, drop

  26-10-2016 13:05
  
  While it’s not a significant decline, mortgage applications still reversed course and dropped in the latest mortgage application survey from the Mortgage Bankers Association. However, it’s not like the last report’s increase was any greater.
  
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• MBA recognizes 3 companies with Diversity and Inclusion awards

  26-10-2016 00:32
  
  As part of its initiative, The PrivateBank and Trust created a closing-cost assistance program that provides up to $2,500 to all low- and moderate-income borrowers and increased the ethnic minority composition of its sales force to 30%.
  
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