Real estate news

• New York proposes new rules for reverse mortgages

  09-01-2017 23:50
  
  In addition to unveiling new legislation that would grant the New York Department of Financial Services the authority to ban individuals from working in the financial services industry, New York Gov. Andrew Cuomo also announced on Monday a series of new laws that would add financial protections for the state’s senior citizens. Included among those proposals are new rules for reverse mortgages.
  
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• New York unveils proposal to ban "bad actors" from working in financial services

  09-01-2017 23:09
  
  The New York of Department of Financial Services could soon have the power to ban individuals from working in the financial services industry for “egregious conduct,” New York Gov. Andrew Cuomo announced Monday. In announcing the proposal, Cuomo cited the recent fake account scandal at Wells Fargo as the kind of action that could get a person banned from working in financial services under the new rule.
  
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• FHA again Reduces Mortgage Insurance Premiums, Lowering Costs for 1 Million Households

  09-01-2017 22:13
  
  Annual mortgage insurance premiums for Federal Housing Administration (FHA)-backed mortgages are lowering toward their pre-bust level, with FHA announcing on Monday another reduction, this time to 0.60 percent for most borrowers. The one-quarter point reduction is expected to save FHA-insured borrowers with a closing date on or after Jan. 27, 2017 an average $500 this year.
  “After four straight years of growth and with sufficient reserves on hand to meet future claimes, it’s time for
  
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• NPR: Castro voices concerns about next HUD leader

  09-01-2017 22:11
  
  Julian Castro, U.S. Department of Housing and Urban Development secretary, voiced his concerns about the next administration as he prepares to leave Washington. Notably, he admitted that he would be lying if he said he wasn’t afraid of moving backward over the next four years.
  
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• NAR Power Broker Roundtable: A New Administration – How Will It Impact Real Estate?

  09-01-2017 22:11
  
  Discussing the new administration and its impact on the real estate industry in this month’s Power Broker Roundtable
  Moderator:Robert Bailey, Broker/Owner, Bailey Properties, Santa Cruz, Calif.; Liaison for Large Residential Firms Relations, NAR
  Participants:Rei Mesa, CEO, Berkshire Hathaway HomeServices Florida Realty, Sunrise, Fla.
  Mark Stark, CEO, Berkshire Hathaway HomeServices Americana, Las Vegas, Nev.
  Gary Scott, President, General Brokerage, Long & Foster Real Estate, Chantilly
  
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• Sudden Surge in Mortgage Rates Tempers Housing Sentiment

  09-01-2017 22:05
  
  Overall attitudes toward housing varied at the close of 2016, with more believing now is a good time to buy a home, but less believing mortgage rates will fall in the year ahead, according to Fannie Mae’s Home Purchase Sentiment Index® (HPSI) for December. The Index, which comprises six components, declined to 80.7—movement that, according to Fannie Mae Chief Economist Doug Duncan, could be the result of the sudden surge in mortgage rates.
  “Despite the post-election bump in
  
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• Top ‘Safe’ Cities: More Than Just Low Crime

  09-01-2017 22:03
  
  The nation’s safest cities have much in common: sustainable employment, top-of-the-line schools, and an overall higher quality of living. Those attributes are a direct result of low instances of crime; and crime rates, according to a recent report by NeighborhoodScout, illustrate the gap between not only the safest cities and the most dangerous, but also the most desirable and the least.
  “The same trend continues to play out across the country, one that highlights a contrast between
  
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• The war around CFPB Director Richard Cordray

  09-01-2017 22:00
  
  The controversial position Consumer Financial Protection Bureau Director Richard Cordray sits in is only intensifying as government officials push to have him fired and policy groups urge consumers to defend him. The future of the CFPB and Cordray rests in the fate of two different situations, one of which became one of the top trending hashtags on twitter Monday.
  
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• Here’s the new leadership team for the House Financial Services Committee

  09-01-2017 21:02
  
  The House Financial Services Committee announced the committee’s leadership team for the 115th Congress. House Financial Services Committee Chairman Jeb Hensarling, R-Texas, welcomed the new leadership team and looks forward to the future of the team.
  
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• Housing industry welcomes FHA mortgage insurance premium cut

  09-01-2017 20:45
  
  The Federal Housing Administration surprised some in the housing industry on Monday by reversing course and announcing that it plans to cut its annual mortgage insurance premiums, less than two months after saying there were no plans for further cuts. Reactions to the FHA’s announcement varied from welcoming the cuts to wondering why it took the FHA so long to make the move.
  
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• Dubai's Real Estate Markets Poised to Rebound in 2017 - Mansion Global

  09-01-2017 18:57
  
  Mansion Global
  Dubai's Real Estate Markets Poised to Rebound in 2017
  Mansion Global
  Dubai's residential market is poised to rebound in 2017 from its cyclical downturn since mid-2014, as oil prices stabilize and real estate projects gain steam in the lead up to the Expo 2020, according to a new report. There are 31,000 residential ...
  2016 Saw a General Softening in The UAE Real Estate SectorHotel News Resource (press release)
  Dubai, Abu Dhabi and Doha emerge as top 3 real estate markets in the
  
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• OCC terminates HSBC mortgage servicing restrictions

  09-01-2017 18:32
  
  The final bank to have its mortgage servicing restrictions terminated is here.The Office of the Comptroller of the Currency officially lifted its mortgage servicing-related order against HSBC Bank USA, lifting restrictions placed on the bank over its failure to comply with requirements of the Independent Foreclosure Review
  
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• Autopsy report reveals Abilene real estate agent’s true cause of death

  09-01-2017 18:07
  
  Real estate agent Thomas Niblo died tragically after being shot in his home in December, an act police stated was not random. Now, however, a new autopsy report shows the multiple shots were not what killed him. Plus, police are now eyeing a new suspect who can’t paint a clear picture of his activities from the tragic morning Niblo was killed.
  
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• FHA cuts mortgage insurance premiums again

  09-01-2017 17:24
  
  When the FHA announced late last year that its flagship fund, the Mutual Mortgage Insurance Fund, grew for the fourth straight year, it led to many question whether we would see a cut to its mortgage insurance premiums again. Now we have an answer. Click the headline for the full details on the FHA reducing mortgage insurance premiums.
  
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• Housing sentiment decreases for fifth straight month

  09-01-2017 16:33
  
  After interest rates shot up in the weeks following the presidential election, consumer sentiment regarding housing decreased yet again in December. Fannie Mae’s chief economist explains what two components could pushing housing sentiment forward in 2017.
  
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• A real estate agent's guide to tax deductions - Inman.com

  09-01-2017 12:04
  
  A real estate agent's guide to tax deductions
  Inman.com
  Preparation and tax code knowledge defines which expenses are permitted in quarterly and year-end taxes. Monitoring expenses such as vehicle depreciation and home working spaces can save thousands of dollars, but so can properly recording software ...and more »
  
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• Fleisher Real Estate merges with Denver firm - Glenwood Springs Post Independent

  09-01-2017 06:10
  
  Fleisher Real Estate merges with Denver firm
  Glenwood Springs Post Independent
  New Age Real Estate, a residential brokerage and property management firm based in the Denver area serving the Front Range, has merged with Fleisher Real Estate, a Carbondale-based residential and commercial real estate firm serving clients from ...
  
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• MARKET WATCH: Check Out Recent Real Estate Sales In Cocoa Beach and Cape Canaveral - SpaceCoastDaily.com

  09-01-2017 06:09
  
  SpaceCoastDaily.com
  MARKET WATCH: Check Out Recent Real Estate Sales In Cocoa Beach and Cape Canaveral
  SpaceCoastDaily.com
  Check out the 159 properties that sold recently in Cape Canaveral and Cocoa Beach, which ranged from $57,000 – $1.74 million. BREVARD COUNTY • COCOA BEACH, FLORIDA – Check out the 65 properties that sold recently in Cape Canaveral and ...
  
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• Real estate report: Home prices rise 7.1% in US, 6.3% locally - Columbus Dispatch

  09-01-2017 06:06
  
  Real estate report: Home prices rise 7.1% in US, 6.3% locally
  Columbus Dispatch
  U.S. home prices rose 7.1 percent in the 12 months ending in November, according to data released last week by CoreLogic. The mortgage and real-estate company found that central Ohio prices rose 6.3 percent over the same period. Among large ...
  
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• Monday Morning Cup of Coffee: What does Goldman Sachs expect from Trump administration?

  09-01-2017 06:01
  
  In the days since the election, observers on both sides of the political divide found themselves shaking their collective heads at the frequency at which the name Goldman Sachs is a prominent feature on the resume of one of President-elect Donald Trump’s cabinet nominees. So, what exactly does Goldman Sachs expect out of the Trump administration? All that and more in your Monday Morning Cup of Coffee.
  
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