Real estate news

• PHH exiting private label origination business; selling off Ginnie Mae MSRs

  08-11-2016 23:55
  
  It was the best of times, it was the worst of times for PHH. A little less than a month ago, PHH was riding the highest of highs, having just landed a landmark legal victory over the Consumer Financial Protection Bureau in a case that saw the structure of the CFPB declared unconstitutional. Now, less than 30 days after celebrating its big victory over the CFPB, PHH is reporting another loss, and announcing the exit from at least one more of its business lines.
  
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• As far as tech innovation goes, here’s where the industry’s headed

  08-11-2016 23:49
  
  Innovation is the new buzzword for the mortgage industry, replacing TRID, which instigated a less enthusiastic response.The Mortgage Bankers Association’s annual convention and expo in Boston late last month showed that the industry moved beyond the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosure rule to it’s new focus, innovation. This is what it plans to do next.
  
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• Starkey Mortgage brings in 3 new branch managers

  08-11-2016 23:43
  
  Starkey Mortgage is bringing some changes to its leadership team with the addition of three new branch managers in Georgia and Texas. The company’s executive vice president talks about what these three hires bring to the team.
  
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• Homeowners getting warmer when it comes to pricing their home

  08-11-2016 23:01
  
  Homeowners are overshooting when it comes to estimating their home value, but for the fourth month in a row, they’re getting closer. What’s more, the appraised values for the properties dropped from September, but remain up from last year.
  
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• Take a 3-Minute Survey to Earn with MVP

  08-11-2016 22:34
  
  NAR PULSE—Spend a few minutes helping REALTOR® Magazine build better handouts for clients and earn a brand new MVP reward, The Who, What, Where and How of Live Streaming and Video Marketing Webinar – Download. By taking action you will also be automatically entered to win a $250 Visa Gift Card. Offer ends Nov. 15! Act now!Commercial Data Comes to the RPR® AppRPR’s mobile app now includes Commercial data and reporting. The full extent of the app’s expansion into co
  
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• PrimeLending to pay $1.6 million to settle charges of overcharging California borrowers

  08-11-2016 22:31
  
  PrimeLending will pay more than $1.6 million as part of a settlement with the California Department of Business Oversight, which accused the Texas-based lender of overcharging hundreds of California borrowers for interest on their mortgages. Only when the CDBO informed the company it planned to file an enforcement action and suspend the firm’s license to conduct business within the state did PrimeLending begin to comply the with state’s laws.
  
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• Four Trends to Shape Real Estate in 2017

  08-11-2016 22:29
  
  2017 promises to be an interesting year in real estate. Facing the millennial effect, interest rate questions and economic changes, it’s important for REALTORS® to devote time investigating both their state and local real estate trends, as well as the national factors, determining 2017. Below are four promising trends that will shape the market this upcoming year.
  Millennials Rising from the BasementsAs millennials get older, they are increasing homeownership rates faster than in previ
  
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• Homeowner Views Move to Align with Appraisers Opinions

  08-11-2016 22:27
  
  Homeowners still view their homes as more valuable than the opinions of appraisers, but only by roughly 1 percent, according to the latest Quicken Loans National Home Price Perception Index (HPPI). That gap, the Index shows, is closing, as homeowner estimates and appraiser valuations edged more toward alignment in October than in September.
  “This information can be helpful to homeowners to either prevent bumps in the mortgage process or realize they may have more equity available to them t
  
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• Why Women Make Great Real Estate Investors

  08-11-2016 22:25
  
  In the past, real estate investment has been a male-dominated arena. However, as more and more women gain financial independence, they are moving into the real estate market at rapid speed. Below are a few reasons why women make good real estate investors.
  Women tend to be more comfortable with longer-term investing than men, and the purchase of a home is a long-term investment. Surprisingly, lenders still get away with charging women borrowers a higher interest rate, despite their sup
  
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• Fannie Mae sells the first pools of re-performing loans

  08-11-2016 19:50
  
  Fannie Mae announced the first sale of its pools of re-performing loans. The winner of the bid will close on the transaction in December. Find out who the winning bidder is and more about what's inside these loan pools.
  
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• Here's the housing story (or lack thereof) of the 2016 election

  08-11-2016 19:00
  
  Well America, we made it. We survived the most ridiculous, insane, over-the-top, depressing, and ultimately underwhelming campaign in modern political history and we made it. It’s #ElectionDay. So considering that we focus on housing here at HousingWire (hence the name), we felt it important to look at how housing mattered (actually it didn’t) in this election cycle.
  
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• Remember Florida’s foreclosure crisis? Residents do as they head to the polls

  08-11-2016 18:40
  
  The country once again finds itself closely watching Florida as residents head to the polls in a state that could decide the election. Less than a decade ago, however, the country instead was watching the state fall apart due to a heaping amount of homes going into foreclosure. So how is this impacting voters?
  
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• CoreLogic: Completed foreclosures reverse trend, increase

  08-11-2016 18:31
  
  Foreclosures increased slightly from last month, but continue to decrease annually. And while the number of homes lost to foreclosure is up, there are no new homes moving into foreclosure to take their place. Foreclosure inventory continues to decrease both monthly and yearly.
  
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• Century 21 lists White House for #ElectionDay

  08-11-2016 16:08
  
  Many Americans will flood to the voting booths today to choose the next president of the U.S. One real estate company created an ad that creatively boasts the White House as being up for sale as a way to encourage Americans to get out and vote.
  
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• Century 21 lists White House for election day

  08-11-2016 16:08
  
  Many Americans will flood to the voting booths today to choose the next president of the U.S. One real estate company created an ad that creatively boasts the White House as being up for sale as a way to encourage Americans to get out and vote.
  
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• Sierra Pacific improves the mortgage process through streamlined technology

  08-11-2016 07:00
  
  In 2015, Sierra Pacific Mortgage created a multiyear road map to modernize the company and integrate emerging technologies that will enhance the consumer experience and improve the efficiencies of obtaining a home loan. This state-of-the-art platform offers ease of use and a full-service suite for originators and processors.
  
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• Election Is Blamed for New York Real-Estate Brokers' Blahs - WSJ - Wall Street Journal

  08-11-2016 02:53
  
  Wall Street Journal
  Election Is Blamed for New York Real-Estate Brokers' Blahs - WSJ
  Wall Street Journal
  Confidence among New York's typically cheery real-estate brokers has slipped in the face of softening property markets and uncertainty about the presidential ...
  Election Uncertainty Puts Pause on Real Estate Decisions, Brokers SayDNAinfoall 3 news articles »
  
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• Election Is Blamed for New York Real-Estate Brokers' Blahs - Wall Street Journal

  08-11-2016 02:53
  
  Wall Street Journal
  Election Is Blamed for New York Real-Estate Brokers' Blahs
  Wall Street Journal
  Confidence among New York's typically cheery real-estate brokers has slipped in the face of softening property markets and uncertainty about the presidential election. An index that tracked confidence of both commercial and residential brokers fell ...
  Election Uncertainty Puts Pause on Real Estate Decisions, Brokers SayDNAinfoall 3 news articles »
  
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• TJC offers one-year program in real estate management - Tyler Morning Telegraph

  08-11-2016 01:13
  
  TJC offers one-year program in real estate management
  Tyler Morning Telegraph
  In Tyler Junior College's new real estate management program, students can take the courses they need to be licensed realtors in one year or less. “We had more than 50 students join the program in its first year,” said Charles Cowell, TJC professor in ...
  
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• Tucson Real Estate: Local urgent-care company grows, adds centers - Arizona Daily Star

  08-11-2016 01:06
  
  Arizona Daily Star
  Tucson Real Estate: Local urgent-care company grows, adds centers
  Arizona Daily Star
  Southern Arizona Urgent Care has opened a third Tucson location, at 90 W. River Road between Stone Avenue and Oracle Road. The two other locations are at 7725 N. Oracle Road and 1880 E. Tangerine Road. The company is scheduled to open two more ...
  
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• Elon Musk: Tesla acquisition of SolarCity needed to happen

  08-11-2016 01:01
  
  Last week, Tesla announced it acquired SolarCity, making huge waves in the energy world. The merger is expected to create the world’s only integrated sustainable energy company, from energy generation to storage to transportation. And it's also projected to look pretty good for Tesla financially as well.
  
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• Appraisal volume wraps up October on a quiet note

  08-11-2016 00:24
  
  That’s a wrap for October. A quick overview of appraisal volume shows a very quiet month. However, the news shouldn’t come as an alarm. Check out the data to properly unpack the month.
  
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• Celebrating Success, Honoring Leaders at 21st Annual Power Broker Event

  08-11-2016 00:19
  
  An at-capacity crowd of over 500 brokers and industry leaders converged in Orlando on Nov. 4 to attend RISMedia’s 21st Annual Power Broker Reception & Dinner, sponsored by Quicken Loans and Xome and held in conjunction with the National Association of REALTORS® Conference & Expo.
  The evening recognized the accomplishments of those brokers who ranked in RISMedia’s 2016 Power Broker Report, an annual survey of the nation’s top brokerage firms. This year’s Power
  
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• NAR Power Broker Roundtable: Meet Bill Brown, 2016 NAR President-Elect

  08-11-2016 00:14
  
  Introducing Bill Brown, 2016 President-Elect of the National Association of REALTORS®, in this month’s Power Broker Roundtable
  Moderator:Nicholas (Nick) D’Ambrosia, Liaison for Large Residential Firms Relations, NAR; Broker of Record, The Long & Foster Companies, Chantilly, Va.
  Participant:Bill Brown, 2016 National Association of Realtors® President-Elect; Founder, Investment Properties, Oakland, Calif.
  Nick D’Ambrosia: As we wind down another notable year in real e
  
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• The Most Expensive Homes on the Market This Fall

  08-11-2016 00:10
  
  The word “luxurious” doesn’t even begin to cover the extravagance of Point2Homes’ recently released list of America’s most expensive homes. These incredible listings offer everything you can dream of—home theaters, large swimming pools, many acres of meticulously landscaped grounds, and more! 1. 594 Mapleton DriveLos Angeles, Calif.
  Bedrooms: 14Bathrooms: 27$200,000,000
  This estate, known as ‘The Manor,’ was designed in the French chateau style for
  
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• Property Values: Blue and Red States Divided on More than Just Politics

  08-11-2016 00:05
  
  Party preference isn’t the only thing dividing red states and blue states. After applying the industry’s most accurate real estate valuations to every home in the U.S., HouseCanary found that there is also a significant and growing divide in residential real estate values between red states and blue states.
  How big is the divide between residential real estate property values in red states (Republican) vs. blue states (Democrat)? We recently reviewed three decades of residential real
  
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