Real estate news

• CFPB Director Cordray: We will continue enforcing existing rules

  24-01-2017 23:41
  
  Even though there’s an ongoing battle over his unusual authority, Consumer Financial Protection Bureau Director Richard Cordray said he has no plans to stop enforcing existing consumer protection rules. Regardless of who is in power, the CFPB is a law enforcement agency, separate of partisan politics, according to Cordray.
  
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• ServiceLink fined $65 million for LPS foreclosure deficiencies

  24-01-2017 23:27
  
  The ghost of Lender Processing Services came back to haunt ServiceLink and Black Knight Financial Services on Tuesday, as the Federal Reserve, Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corp. announced that they are fining ServiceLink $65 million for the “improper actions” of LPS that contributed to a massive settlement with the government over industry-wide foreclosure misconduct that occurred after the housing crash.
  
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• Real estate sales increase by 4 pct in 2016 - Daily Sabah

  24-01-2017 22:42
  Real estate sales increase by 4 pct in 2016
  Daily Sabah
  Annual property sales in Turkey have increased by 4 percent in 2016, according to a statement released yesterday by the Turkish Statistical Institute (TurkStat). A total of 1,341,453 houses changed hands in Turkey between January and December 2016, ...and more »
  
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• Existing-Home Sales Have Banner 2016, Hitting Decade High

  24-01-2017 22:23
  
  Existing-home sales had a banner 2016, amounting to 5.45 million—an increase from 5.25 million in 2015 and a decade-high from 6.48 million in 2006, according to the National Association of REALTORS® (NAR). Overall, 2016 was a “good year for the housing market,” says NAR Chief Economist Lawrence Yun.
  “Solid job creation throughout 2016 and exceptionally low mortgage rates translated into a good year for the housing market,” Yun says. “However, higher mortga
  
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• 2017 Real Estate In The Sunshine Economy - WLRN

  24-01-2017 22:22
  
  WLRN
  2017 Real Estate In The Sunshine Economy
  WLRN
  The scuplture garden at the Magic City Innovation District opened Nov. 30, 2016. Developers Tony Cho and Bob Zangrillo plan a mix of housing, art and business buildings on the 15-acre development. Tom Hudson. South Florida home prices continued ...and more »
  
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• Last Chance to Register for the 2017 REALTOR® Broker Summit

  24-01-2017 22:20
  
  NAR PULSE—Space is limited and filling up fast! Register now for this exclusive broker event, Feb. 14-15 in San Diego. Attendees will gain invaluable access to notable speakers, industry leaders and like-minded colleagues from across the nation. Explore strategies for managing a crisis, growth beyond a business plateau, navigating legal risks and more. Secure your spot now!
  Find out How to Get More Value out of realtor.com®Fill out a short checklist from realtor.com to gain access to a
  
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• Carson Approved as HUD Secretary

  24-01-2017 22:17
  
  A Senate Committee on Tuesday approved Ben Carson as Department of Housing and Urban Development (HUD) Secretary. President Trump nominated Carson for the position in November, stating Carson “has a brilliant mind and is passionate about strengthening communities and families within those communities.”
  Carson shared before the Senate Committee during a confirmation hearing that he plans to take a “holistic” approach to housing, pointing to his childhood experience with &l
  
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• Schnatter questions U of L real estate buys - The Courier-Journal

  24-01-2017 21:49
  
  The Courier-Journal
  Schnatter questions U of L real estate buys
  The Courier-Journal
  In his first meeting as director on the University of Louisville Foundation board, Papa John's CEO John Schnatter asked if its complex investments in real estate have been "really focused on the kids." Saying he needed more information on the the ...and more »
  
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• Blackstone's Invitation Homes prepares $1.5 billion IPO

  24-01-2017 20:17
  
  The initial public offering for Blackstone Group’s single-family rental operator, Invitation Homes, is one step closer to reality, as the company disclosed the terms of its initial public offering on Monday. Per a filing with the Securities and Exchange Commission, Invitation Homes will offer 77 million shares in its IPO, with an estimated share price of between $18 and $21 per share.
  
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• CoreLogic creates new app for real estate agents on the go

  24-01-2017 19:13
  
  CoreLogic created a new app for real estate agents that allows them to access property information on the go. The search engine covers 99.9% of all U.S. property records. Here is more on the app, and the service it will provide real estate agents.
  
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• Xavier Becerra officially named California attorney general

  24-01-2017 19:03
  
  Now that Kamala Harris is getting settled in her new role in the U.S. Senate, California officially announced Rep. Xavier Becerra as her replacement, approving him as the state’s new attorney general. Becerra comes to the position during a time of major political divide, and the state is looking to him to make sure California is ready for a fight.
  
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• Senate Banking Committee unanimously votes to approve Ben Carson as HUD Secretary

  24-01-2017 17:06
  
  The Committee On Banking, Housing, and Urban Affairs unanimously voted to approve Ben Carson as Secretary of the U.S. Department of Housing and Urban Development on Tuesday morning. However, the nomination process is not yet over. Next stop: Senate floor.
  
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• Existing home sales close 2016 as best year in a decade

  24-01-2017 17:03
  
  Home sales slipped in December, but not enough to keep 2016 from being the best year in a decade for existing home sales. However, despite this slip in home sales, inventory continues to struggle. In fact, housing inventory just hit the lowest level in the history of NAR’s report.
  
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• Zillow, Bots And The Future Of Real Estate - PYMNTS.com

  24-01-2017 17:01
  
  Zillow, Bots And The Future Of Real Estate
  PYMNTS.com
  All markets change, but few have changed as much as real estate since the turn of the century. Brought on by overextension of mortgage credit to under qualified buyers combined with various schemes to securitize the debt (and then securitize the ...and more »
  
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• Real Estate Announce New Album In Mind, Share Video for New Song “Darling”: Watch - Pitchfork

  24-01-2017 16:09
  Pitchfork
  Real Estate Announce New Album In Mind, Share Video for New Song “Darling”: Watch
  Pitchfork
  Real Estate have announced a new album, In Mind—the follow-up to their 2014 LP Atlas. It's out March 17 via Domino. They have also shared the first song from the record, as well as its accompanying music video. The “Darling” video (directed by Weird ...
  Real Estate Share New Single/Video "Darling," Announce New Album In MindPaste Magazine
  New Music: Real Estat
  
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• Fifth Third reports residential mortgage loan increase of 10% in Q4

  24-01-2017 16:07
  
  Fifth Third reported drastic decreases in its fourth quarter earnings today. Its net income dropped 40% from last year. However, despite the decreases, residential mortgage loans still increased by 10% from the prior year.
  
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• Trump's swift mortgage move angers real estate industry - San Francisco Chronicle

  24-01-2017 16:03
  
  San Francisco Chronicle
  Trump's swift mortgage move angers real estate industry
  San Francisco Chronicle
  President Donald Trump signs executive orders in the Oval Office of the White House in Washington, Jan. 23, 2017. (Doug Mills/The New York Times). President Donald Trump signs executive orders in the Oval Office of... Donald Trump may have made his ...
  Mortgagee Letter 2017-07 - HUDHUD
  Trump Reverses Obama's Mortgage Fee Cuts on First DayBloombergall 64 news articles »
  
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• Real-Estate Investors Enjoy Postelection Boost - WSJ - Wall Street Journal

  24-01-2017 13:00
  
  Wall Street Journal
  Real-Estate Investors Enjoy Postelection Boost - WSJ
  Wall Street Journal
  Shares of real-estate investment trusts, which typically get hammered as interest rates rise, have so far bucked the trend with investors expecting a looser ...
  REITs rally in Trump era despite climbing interest ratesThe Real Deal Magazineall 6 news articles »
  
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• Ben Carson facing Senate vote to become HUD Secretary

  24-01-2017 01:02
  
  The Committee on Banking, Housing, and Urban Affairs is slated to meet Tuesday morning to vote on the nomination of Ben Carson as Secretary of the U.S. Department of Housing and Urban Development. Will he finally become HUD secretary after a controversial nomination?
  
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• JPMorgan Chase officially reaches $53 million settlement for lending discrimination

  24-01-2017 00:28
  
  Confirming reports that began to emerge last week, JPMorgan Chase officially reached a settlement with the Department of Justice over allegations that the bank’s brokers charged higher interest rates to minority borrowers than white borrowers in the run-up and during the financial crisis. Initial reports pegged the settlement amount at $55 million, but the actual settlement amount is slightly lower, checking in at $53 million.
  
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• Wells Fargo accused of falsely overcharging mortgage borrowers

  24-01-2017 00:15
  
  With the wound from its massive account scandal last year still fresh, four former Wells Fargo employees in the Los Angeles region say the account scandal was not the only way the bank deceived borrowers. The other area the bank misled borrowers: Improperly charging borrowers to extend their promised interest rate when their mortgage paperwork was delayed.
  
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• 5 Real Estate Brands Named Top Franchises

  24-01-2017 00:00
  Find out which real estate franchise companies landed spots on Entrepreneur magazine's 2017 Franchise 500 list.
  
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