Real estate news

• Trump reportedly considering Rep. Jeb Hensarling to lead Treasury

  10-11-2016 23:53
  
  In another indication of how President-elect Donald Trump plans to pursue financial reform, House Financial Services Committee Chairman Rep. Jeb Hensarling, R-Texas, is reportedly being considered to serve as Secretary of the Treasury in the Trump administration.
  
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• Can you guess the winner of Fannie Mae’s latest NPL sale?

  10-11-2016 22:47
  
  Fannie Mae announced the winner of its latest sale of non-performing loans. The five pools totaled $1.3 billion in unpaid principal balance. Can you guess who won the bid? This is not the first pool the company purchased this year.
  
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• Price Check: Housing Affordability Still Positive

  10-11-2016 22:06
  
  Homeownership continues to remain affordable, even as lofty prices weigh on the market, according to the National Association of Home Builders (NAHB)/Wells Fargo recent Housing Opportunity Index (HOI) report. Affordability, which the Index read as lower in the third quarter, is positive overall—in fact, more than 60 percent of new- and existing-homes sold in the third quarter were affordable to families earning the national median income ($65,700).
  “Historically-low interest rates an
  
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• Pre-Election Mortgage Rates Stir

  10-11-2016 22:05
  
  Mortgage rates stirred higher ahead of the election this week, with the 30-year fixed-rate averaging 3.57 percent, up from 3.54 percent the week prior, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The 30-year fixed-rate mortgage had an average 0.5 point.
  “This week’s survey reflects pre-election market conditions,” says Sean Becketti, chief economist at Freddie Mac. “As a result, the 30-year mortgage rate increas
  
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• Growing Credit Access Prompts Milestones in Mortgage Market

  10-11-2016 22:04
  
  Signs of improvement continue in the national mortgage market, with the second quarter of this year ushering in the highest year-to-year growth in near and subprime originations and the third quarter seeing delinquency rates fall, according to TransUnion’s recently released Industry Insights Report.
  Originations overall, the Report shows, grew to 1.99 million in the second quarter of this year, up 3.7 percent from last year. Near prime originations grew to over 262,000 in the second quarte
  
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• Explore America’s Neighborhoods: Wooster Square, New Haven, Conn.

  10-11-2016 22:03
  
  There are three kinds of people who know about New Haven: the ones who live in the area, the ones who know people who live in the area, and the ones who know of Yale. I used to belong to the second group, until graduation forced me to migrate outside of the comforts of Purchase, N.Y. and into the loving arms of New Haven. After having lived there for six months, I have to say that Rory Gilmore did not make the most of her Yale years running away from her college town every weekend.
  Wooster Squar
  
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• Trump unveils plan to dismantle Dodd-Frank Act

  10-11-2016 21:12
  
  Now that the dust is starting to settle from the election, a clearer picture is beginning to emerge of what types of actions President-elect Donald Trump will pursue once the “-elect” is removed from his title. Chief among those planned actions appears to a plan to “dismantle” the Dodd-Frank Wall Street Reform Act. Click the headline to read more.
  
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• How Trump's Presidency Could Impact Real Estate - Forbes

  10-11-2016 20:18
  
  Washington Post
  How Trump's Presidency Could Impact Real Estate
  Forbes
  How will the real estate market be impacted by Donald Trump's victory and Republicans controlling both chambers of Congress? Though Mr. Trump is a real estate man, his policy platform has been largely vague on real estate proposals. Here are my ...
  With a real estate developer in the White House, is a building boom on the way?Washington Post
  The Trump effect on Oregon's real estate and development scenePortland Business
  
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• CoreLogic partners with RentTrack to help renters build credit

  10-11-2016 20:02
  
  The ability to use a variety of methods to build and assess consumers' credit is expanding, and it’s definitely needed. The latest move comes from CoreLogic and RentTrack, who announced a partnership to provide an online rent-payment solution for residents that builds their credit as they make their rent or HOA payments.
  
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• Houston economy recovering, but real estate has a ways to go - Chron.com

  10-11-2016 18:58
  
  Chron.com
  Houston economy recovering, but real estate has a ways to go
  Chron.com
  Rising rig counts and oil prices show Houston's economy is in recovery mode, but it could take five years to work through an oversupply of apartments and office space, according to a local economist. "The worst is over for Houston's energy economy ...and more »
  
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• Real Estate and a Property-Owning President - Bloomberg

  10-11-2016 18:24
  
  Bloomberg
  Real Estate and a Property-Owning President
  Bloomberg
  Rani Molla is a Bloomberg Gadfly columnist using data visualizations to cover corporations and markets. She previously worked for the Wall Street Journal. Facebook · Twitter · Email; Print; Share. Nov 10, 2016 12:08 PM EST. Electing a real estate mogul ...
  The real estate investors' guide to getting past Uncle SamThe Real Deal Magazineall 5 news articles »
  
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• Trump adviser: Fed chair Janet Yellen can stay

  10-11-2016 18:21
  
  President-elect Donald Trump had a lot to say about Federal Reserve Chair Janet Yellen during his campaign trail. Now, however, an economic advisor to Trump is singing another tune. Here’s more on what Trump’s team says about the future of the Fed chair.
  
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• Lenders, here's how to make sure borrowers won’t regret choosing you

  10-11-2016 18:07
  
  More than 5 million people are expected to buy an existing home next year, creating a giant pool of potential mortgage customers. But will they want to do business with your company? A new survey found that a high percentage of homebuyers are remorseful about their mortgage lender selection. Take a look at these companies doing it right.
  
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• Inland Real Estate Acquisitions, Inc. Purchases 212-Unit Multifamily Property in New Jersey - Business Wire (press release)

  10-11-2016 18:00
  
  Business Wire (press release)
  Inland Real Estate Acquisitions, Inc. Purchases 212-Unit Multifamily Property in New Jersey
  Business Wire (press release)
  OAK BROOK, Ill.--(BUSINESS WIRE)--Inland Real Estate Acquisitions, Inc. announced today that it facilitated the acquisition of Alexan Riverdale Apartments, a 212-unit multifamily property located in the Morris County, New Jersey, community of Riverdale ...and more »
  
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• Survey: How serious are you about your real estate career? - Inman.com

  10-11-2016 16:58
  
  ChicagoNow (blog)
  Survey: How serious are you about your real estate career?
  Inman.com
  It's a classic case of a few bad apples spoiling a barrel: There are too many real estate agents in the industry who don't take their profession seriously, and that affects the perception of the industry as a whole. But these “marginal agents” (as they ...
  Beware Of Top Producing Real Estate Agents Who LieChicagoNow (blog)
  Unethical dealings in hot Toronto real estate market under the microscopeTh
  
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• New law uncovers secrets: 10 to 15 percent of real estate applicants have criminal convictions - Mississippi Business Journal

  10-11-2016 16:56
  
  Mississippi Business Journal
  New law uncovers secrets: 10 to 15 percent of real estate applicants have criminal convictions
  Mississippi Business Journal
  Starting July 1, regulations went into effect that were passed by the Mississippi Legislature to provide more protections for consumers by requiring real estate agents in Mississippi to have fingerprinting and a background check before being licensed.
  
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• SRS Real Estate Partners Opens Boston Office - GlobeNewswire (press release)

  10-11-2016 16:46
  
  SRS Real Estate Partners Opens Boston Office
  GlobeNewswire (press release)
  DALLAS, Nov. 10, 2016 (GLOBE NEWSWIRE) -- SRS Real Estate Partners (SRS) is proud to announce the opening of their Boston office and the addition of Jonathan Lapat, formerly a principal at Strategic Retail Advisors, who has joined SRS to lead the new ...and more »
  
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• Macy's to Redevelop 50 More Stores - Fortune

  10-11-2016 16:46
  
  Fortune
  Macy's to Redevelop 50 More Stores
  Fortune
  As sales continue falling. If you can't wow Wall Street with your financials, you can try it with your dealmaking. Macy's M 2.05% reported its seventh straight quarter of declining comparable sales Thursday. They fell 2.7% in the third quarter, which ...
  Macy's Makes Real-Estate Pact With Brookfield; Profit FallsWall Street Journal
  Don't get too excited about that Macy's real estate dealCrain's Chicago Business
  Macy's exec details real estate s
  
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• Donald Trump's Real Estate "Will Go Up in Value" After Winning Election, Says Josh Altman - Bravo (blog)

  10-11-2016 16:40
  
  Bravo (blog)
  Donald Trump's Real Estate "Will Go Up in Value" After Winning Election, Says Josh Altman
  Bravo (blog)
  Long before Donald Trump was the president-elect, he was a real estate magnate with landmark properties and hotels across the globe. He's especially known for the properties he's built in and around New York City, some of which bear his name — like ...
  
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• Freddie Mac: Trump win won't impact mortgage rates…yet

  10-11-2016 16:14
  
  The newly elected president is already causing waves in the stock market, but that doesn’t seem to have affected mortgage rates yet. In fact, rates increased just slightly from last week, but next week could be a truer reaction from the market to the new presidency.
  
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• CFLane Announces Company-Wide Rebrand, Now Known as CF Real Estate Services LLC. - Business Wire (press release)

  10-11-2016 15:29
  
  CFLane Announces Company-Wide Rebrand, Now Known as CF Real Estate Services LLC.
  Business Wire (press release)
  ATLANTA--(BUSINESS WIRE)--Cocke, Finkelstein Inc and CFLane LLC, announce a company-wide rebrand. The full service, vertically integrated real estate investment and services company will be known under a single brand. It has launched their new ...and more »
  
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• BRIEF-Real Estate Egyptian Consortium Q3 profit rises - Reuters

  10-11-2016 15:03
  
  BRIEF-Real Estate Egyptian Consortium Q3 profit rises
  Reuters
  MOSCOW, Nov 10 The Kremlin said on Thursday U.S. President-elect Donald Trump's foreign policy approach was "phenomenally close" to that of President Vladimir Putin, giving Russia hope that tattered U.S.-Russia relations could gradually be improved.and more »
  
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• Broe Real Estate Group Sells $14M Tempe Office Asset - Commercial Property Executive

  10-11-2016 15:02
  
  Commercial Property Executive
  Broe Real Estate Group Sells $14M Tempe Office Asset
  Commercial Property Executive
  Tempe, Ariz.—Broe Real Estate Group, a leading investment manager of commercial real estate assets affiliated with The Broe Group, alongside Greenlaw Partners, a California-based real estate operating company, have closed the sale of the Tempe 10/60 ...
  
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• Macy's Makes Real-Estate Pact With Brookfield; Profit Falls - Wall Street Journal

  10-11-2016 14:48
  
  Wall Street Journal
  Macy's Makes Real-Estate Pact With Brookfield; Profit Falls
  Wall Street Journal
  Macy's Inc. posted another quarter of lower sales at existing stores and struck a deal that could further shrink its retail footprint. But executives also hinted at improving retail trends, sending shares of the company higher. Macy's said it has ...
  Macy's Commits To Wringing Value Out Of Real Estate As Sales Continue To FallForbes
  Macy's exec details real estate strategyCincinnati Business Cour
  
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• Macy's profit falls, signs real-estate deal - MarketWatch

  10-11-2016 14:38
  
  Macy's profit falls, signs real-estate deal
  MarketWatch
  Macy's Inc. said it has partnered with real-estate investor Brookfield Asset Management to unlock value in its real estate portfolio, as the retailer continues to face declining sales and profits. Under a deal announced Thursday, Brookfield gains the ...
  
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• Macy's reports earnings miss, announces real estate deals - MarketWatch

  10-11-2016 14:20
  
  Macy's reports earnings miss, announces real estate deals
  MarketWatch
  Macy's Inc. M, +6.01% shares fell 0.7% in Thursday premarket trading after the retailer reported third-quarter earnings that missed estimates. Net income was $15 million, or 5 cents per share, down from $117 million, or 36 cents per share, for the same ...
  
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• Trump's election not a shakeup for South Florida's real estate market, experts say - South Florida Business Journal

  10-11-2016 12:51
  South Florida Business Journal
  Trump's election not a shakeup for South Florida's real estate market, experts say
  South Florida Business Journal
  Donald J. Trump's election as the next president of the United States could shakeup much of the political establishment, as the Republican as promised to “drain the swamp” in Washington, but it's not expected to cause a shakeup in South Florida's real ...
  
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• 2 real estate multimedia experts open up their marketing toolkit - Inman.com

  10-11-2016 11:44
  
  2 real estate multimedia experts open up their marketing toolkit
  Inman.com
  2 Real Estate Multimedia Experts Open Up Their Marketing Toolkit ...and more »
  
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• How to stop being like every other real estate agent - Inman.com

  10-11-2016 10:34
  
  How to stop being like every other real estate agent
  Inman.com
  How To Stop Being Like Every Other Real Estate Agent ...and more »
  
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• Joan A. Lazzati, real estate professional and fitness center owner, dies - Baltimore Sun

  10-11-2016 09:09
  
  Baltimore Sun
  Joan A. Lazzati, real estate professional and fitness center owner, dies
  Baltimore Sun
  Joan A. Lazzati, who worked in real estate sales for two decades and also owned and operated a Hampden fitness center, died Saturday of cancer at Gilchrist Hospice Care in Towson. The former Towson and Hampden resident was 59. "Joan had a zest for ...
  
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• This Eurasia chart shows Donald Trump's potential impact globally

  10-11-2016 00:58
  
  Taking a broader look at the impact of the Donald Trump winning the election, Global Political Scientist Ian Bremmer posted his assessment of what this election means. Bremmer outlined the new classes of winners and losers worldwide due to the Trump administration.
  
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• Miami real estate players welcome Trump presidency - The Real Deal Magazine

  10-11-2016 00:53
  
  The Real Deal Magazine
  Miami real estate players welcome Trump presidency
  The Real Deal Magazine
  As South Florida dealt with the stunning results of the presidential election, Miami's real estate industry looked toward the future, mostly with optimism. For developers and brokers, a Donald Trump presidency is good for business, they told The Real Deal.
  
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• [Charts] Stocks surge after Trump’s first day as President-elect wraps

  10-11-2016 00:08
  
  The surprises aren’t letting up as U.S. stocks posted a dramatic turnaround from deep overnight losses. The run-up to Donald Trump getting declared as the next president created significant turmoil in the market that more than disappeared the next day. Here's a spotlight on the top three indices.
  
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• PHH fined $28 million by NYFDS for "shoddy" mortgage servicing

  10-11-2016 00:02
  
  The New York Department of Financial Services announced Wednesday that it is fining PHH $28 million for what it calls “shoddy mortgage origination and servicing practices.” In announcing the fine, the NYDFS provided a list of the violations that PHH committed, and it reads like a laundry list of some of the same practices that gave the mortgage business a bad name before, during and after the financial crisis.
  
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• PHH fined $28 million by NYFDS for shady mortgage servicing

  10-11-2016 00:02
  
  The New York Department of Financial Services announced Wednesday that it is fining PHH $28 million for what it calls “shoddy mortgage origination and servicing practices.” In announcing the fine, the NYDFS provided a list of the violations that PHH committed, and it reads like a laundry list of some of the same practices that gave the mortgage business a bad name before, during and after the financial crisis.
  
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• PHH fined $28 million by NYDFS for "shoddy" mortgage servicing

  10-11-2016 00:02
  
  The New York Department of Financial Services announced Wednesday that it is fining PHH $28 million for what it calls “shoddy mortgage origination and servicing practices.” In announcing the fine, the NYDFS provided a list of the violations that PHH committed, and it reads like a laundry list of some of the same practices that gave the mortgage business a bad name before, during and after the financial crisis.
  
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• Warn Clients About Wraparound Mortgages

  10-11-2016 00:00
  Real estate attorneys say they are noticing an uptick in a type of seller financing that could prove costly for buyers and sellers.
  
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• To Sellers: It’s Time to Face That Dated Kitchen

  10-11-2016 00:00
  “Dated kitchens—just like bathrooms—are a major barrier for resale,” says one real estate pro. “Buyers want modern...
  
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• Keep in Touch: Up Your E-mail Subscribers

  10-11-2016 00:00
  E-mail marketing can work 40 times better at getting customers than Facebook and Twitter, a Forbes.com article asserts. Here are some ways to...
  
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• Expect Busier Months Ahead

  10-11-2016 00:00
  Business isn’t slowing down for many real estate professionals as home sales pick up in the final months of 2016.
  
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• Affordability Issues Strike Rural Areas

  10-11-2016 00:00
  Rural poverty is growing and smaller communities need more housing help, says a spokesman for the National Rural Housing Coalition. 
  
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