Real estate news

• Among Obama's Pardons, Hotel And Real Estate Magnate Ian Schrager - Forbes

  17-01-2017 23:47
  
  Among Obama's Pardons, Hotel And Real Estate Magnate Ian Schrager
  Forbes
  Ian Schrager is well-known as the co-founder of New York's famed Studio 54 nightclub and for creating some of the hippest boutique hotels and condominiums on the planet. Less known, however, is Schrager's 1980 conviction on tax fraud. At least until today.and more »
  
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• SoFi officially licensed to lend in New York

  17-01-2017 23:43
  
  After roughly a year to get finalized, SoFi officially received its license to lend in New York, which is one of the most difficult states to acquire a license in, Michael Tannenbaum, SoFi’s chief revenue officer, said in an interview. And now with New York under it's belt, Tannenbaum touches on a strong mortgage future ahead for SoFi.
  
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• HomeServices of America, Inc. Acquires Houlihan Lawrence

  17-01-2017 23:17
  
  HomeServices of America, Inc. has acquired Houlihan Lawrence, adding the firm’s 30 offices and 1,300 sales associates in the northern suburbs of New York City, the company announced on Tuesday. Houlihan Lawrence President and CEO Stephen Meyers and Managing Principal Chris Meyers will continue to lead the firm, which will retain its name, while Chairwoman Nancy Seaman will step down. The regional leader, which ranked No. 15 in RISMedia’s 2016 Power Broker Report for sales, closed $6.
  
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• It's official: Deutsche Bank reaches $7.2 billion RMBS settlement

  17-01-2017 23:04
  
  Late last year, Deutsche Bank announced that it reached a $7.2 billion settlement with the Department of Justice in connection with the bank’s issuance and underwriting of residential mortgage-backed securities between 2005 and 2007. Although the bank made the announcement in late December, the settlement was not official, but it is now.
  
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• Chicago area sees most home sales since 2006

  17-01-2017 22:59
  
  RE/MAX’s annual report showed the Chicago area saw its highest level of home sales since 2006. However, despite the increase, the city continues to struggle with low levels of housing inventory.
  
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• Hong Kong's Doyenne Of Real Estate Investment - Forbes

  17-01-2017 22:45
  
  Forbes
  Hong Kong's Doyenne Of Real Estate Investment
  Forbes
  Real estate tycoon Rita Tong Liu (廖湯慧靄）sits by a round table surrounded by fridges storing at least 200 bottles of wine, the family's traditional beverage. She's in a corner meeting room overlooking Victoria Harbor. “I was very lucky. My family was ...
  
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• Ellie Mae names PwC premier consulting partner

  17-01-2017 22:32
  
  PricewaterhouseCoopers joined Ellie Mae’s Pro consulting partner program as a Premier Partner. The premier level is offered by invitation only, with PwC being Ellie Mae’s first Premier Partner in the program. This is what the two companies hope to achieve though their partnership.
  
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• Cost vs. Value: Which Home Improvements Offer the Highest ROI in 2017?

  17-01-2017 22:26
  
  With the many different projects reported annually in Remodeling Magazine’s Cost vs. Value Report, not much has changed from last year…and that’s not a bad thing. The 29 projects found on this year’s report paid back an average of 64.3 cents on the dollar in resale value. Looking at the 24 most tracked projects (projects consistently tracked for the last six years), their payback for 2017 was also 64.3 cents—only three-quarters of a penny higher than 2016
  
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• New Year, New Financial Resolutions with Help from Intuit

  17-01-2017 22:23
  
  NAR PULSE—Get your 2017 business off on the right foot by making smart financial resolutions. Learn how QuickBooks® Self-Employed can help you get organized and achieve your business goals. NAR members enjoy exclusive savings through the REALTOR Benefits® Program. Learn more.
  Rev Up Your Future with REALTOR® University
  As the only accredited institution of higher education focused exclusively on real estate, a Master of Real Estate degree from REALTOR® University will give
  
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• Building and Maintaining Authentic Relationships

  17-01-2017 22:13
  
  In the following interview, Chad and Hollie Sessions, broker/owners, Real Living The Real Estate Group in Camas, Wash., discuss their brand and the culture it supports.
  Region Served: Portland, Ore.; Vancouver and Longview, Wash.
  Years in Business: 5
  Number of Offices: 5
  Number of Agents: 80
  No. 1 Tip for Running a Successful Meeting: Keep the content relevant and create a culture of collaboration.
  Best Way to Motivate Agents: Earn their trust, know what drives them, and support that passion.
  Be
  
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• Who’s Living Paycheck to Paycheck—and Who Isn’t

  17-01-2017 22:08
  
  Living paycheck to paycheck is a harsh reality for many Americans, whose expenses—including housing—sap any hope of disposable income. According to a recent study by GOBankingRates, the paycheck-to-paycheck lifestyle is most common in California, Hawaii and New York, and least common in Arkansas, Mississippi and Oklahoma.
  States Most Likely to Have Residents Living Paycheck to PaycheckHawaii
  Median Paycheck: $2,826Disposable Income: -$367 (-13 percent)CaliforniaMedian Paycheck: $2,48
  
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• Minnesota's KleinBank accused of discriminatory lending

  17-01-2017 20:54
  
  Minnesota-based KleinBank excluded minority neighborhoods from its service area for all banking services and engaged in discriminatory lending, the Department of Justice claimed in a lawsuit filed late last week. According to the Department of Justice, none of KleinBank’s branch locations in the Minneapolis-St. Paul metro area is located in a minority neighborhood, a practice known as “redlining.” The bank denies the DOJ's allegations.
  
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• Clayton Homes announces launch of new home delivery division

  17-01-2017 19:54
  
  Clayton Homes, a Berkshire Hathaway company, opened a new division of its company and will now be transporting its own manufactured houses. It announced it will use the new division to take more control over its homes on the road. Here’s more on the new division, and the training the new drivers will receive.
  
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• Senate Democrats to Trump: Do not fire CFPB director, you've been warned

  17-01-2017 19:31
  
  Senate Democrats are adamantly fighting back against growing calls for President-elect Donald Trump to fire Consumer Financial Protection Bureau Director Richard Cordray. This time around Senate Democrats held a press call to emphasize the importance of Cordray and what the consequences would be is Trump attempted to fire him.
  
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• KBW: What Wells Fargo, Chase 4th quarter results mean for the rest of the industry

  17-01-2017 18:50
  
  While the fourth-quarter results for Wells Fargo and JPMorgan Chase were decidedly mixed, with JPMorgan significantly exceeding and Wells Fargo missing market expectations, there was one common denominator among the big banks’ earnings – lower earnings from mortgage banking. But what should the market make of those results?
  
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• Marijuana Business Professionals Talk Real Estate Needs, Challenges - Forbes

  17-01-2017 18:46
  
  Forbes
  Marijuana Business Professionals Talk Real Estate Needs, Challenges
  Forbes
  Marijuana is now legal in 26 states and Washington, DC, but it's incredibly difficult to lock down real estate to start a cannabis business. With marijuana still being illegal at the federal level, the negative stigma surrounding the industry and its ...
  For Marijuana Stocks in 2017, Real Estate Is the Next Big CatalystMoney Morningall 35 news articles »
  
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• Capital Economics: Trump’s wall will constrain housing starts

  17-01-2017 18:35
  
  President-elect Donald Trump’s plan to build a wall between the U.S. and Mexico could create more competition in an already tight labor force. The construction labor market could see even more tightening, and constrain housing starts over the next couple years if Congress approves funding for the wall.
  
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• Movement Mortgage CEO: Steven Mnuchin was not a "foreclosure king"

  17-01-2017 17:35
  
  Senate Democrats dubbed Trump’s nominee to lead the Department of the Treasury, Steven Mnuchin, the "foreclosure king,” but while this makes a nice soundbite, it simply isn’t true. Given that everyone is focusing on Mnuchin’s participation in the foreclosure crisis, Movement Mortgage CEO Casey Crawford penned a blog for The Hill to try and put an end to everyone calling Mnuchin the “foreclosure king” and instead give him the credit he deserves.
  
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• Contaminated military housing could be causing leukemia

  17-01-2017 16:27
  
  Contamination under a military base in South Carolina lead some military moms to believe it could be the cause for their children’s cancer. At least 11 families near the base have children battling leukemia, but are the military’s efforts to fix it too little too late?
  
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• Untangling the Kardashian Real Estate Empire: A Comprehensive Guide to the Family's Vast Array of Homes - E! Online

  17-01-2017 16:22
  
  E! Online
  Untangling the Kardashian Real Estate Empire: A Comprehensive Guide to the Family's Vast Array of Homes
  E! Online
  The now 19-year-old E! star and cosmetics mogul-in-the-making is the one who flew the roost a few months shy of her 18th birthday, settling down not far from sisters Khloe and Kourtney Kardashian in The Estates at the Oaks, one of many well-manicured ...and more »
  
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• Property Supply Hasn't Kept Pace With Popularity of Real-Estate Funds - Wall Street Journal

  17-01-2017 13:01
  
  Property Supply Hasn't Kept Pace With Popularity of Real-Estate Funds
  Wall Street Journal
  Investors are piling money into real-estate funds—but fund managers are finding it a challenge to spend it. Global fund managers had a record $237 billion available to invest in commercial property at the end of last year, according to data firm ...
  
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• Moody’s reaches $864 million settlement over RMBS credit ratings

  17-01-2017 01:44
  
  Moody’s Corp. agreed to pay nearly $864 million to settle claims for its role providing credit ratings for Residential Mortgage-Backed Securities and Collateralized Debt Obligations that contributed to the financial crisis. "Moody’s failed to adhere to its own credit rating standards and fell short on its pledge of transparency in the run-up to the Great Recession," said Principal Deputy Associate Attorney General Bill Baer.　
  
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• Here’s the U.S. Treasury’s advice on how to level the mortgage playing field

  17-01-2017 00:12
  
  Right as Washington is about to switch over to a Republican leader after eight years with Pres. Obama at the helm of the nation, the U.S. Treasury communicated its final parting thoughts on reforming the housing finance system. Here’s the final piece of a three-part series on what advice the U.S. Treasury would give on creating the future system. This time around it focuses on an equal playing field for lenders.
  
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• The Great White House Flip: Trump Moves In

  17-01-2017 00:00
  The clock starts NOW. White House staff have a mere five hours on inauguration day to ready the house for the new president. 
  
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