Real estate news

• Ocwen SEC filing reveals details of CFPB mortgage servicing investigation

  23-02-2017 23:48
  
  During Ocwen’s investor call, CEO Ron Faris was asked about the company’s disclosure in its fourth-quarter earnings that it set aside $12.5 million for “potential” regulatory settlements. Faris responded by directing observers to the disclosures in the company’s upcoming 10-K filing with the SEC. Well, Ocwen filed its 10-K on Thursday, and as it turns out, that $12.5 million is for a potential settlement with the CFPB.
  
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• Peyton to Take Helm at Realogy Effective April 1

  23-02-2017 23:14
  
  Alex Perriello to Become Chairman EmeritusRealogy Holdings Corp. has announced the promotion of John Peyton to the role of president and chief executive officer for the Realogy Franchise Group (RFG), effective April 1, 2017. Peyton will succeed Alex Perriello, long-time CEO of RFG, who will serve in a senior advisory capacity as chairman emeritus for RFG.
  In his new role as president and CEO, Peyton will be responsible for managing RFG’s portfolio of national real estate franchise brands,
  
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• Impac reports best year in more than a decade

  23-02-2017 23:03
  
  Impac Mortgage Holdings locked in a record financial year on Thursday, recording adjusted operating income of $96.9 million, or $6.52 per diluted common share, for all of 2016. This is significantly up from a year ago and a big contributor to this growth was purchase originations.
  
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• Kohl's, Macy's turn landlords in bid to unlock real estate value - Reuters

  23-02-2017 22:10
  
  Reuters
  Kohl's, Macy's turn landlords in bid to unlock real estate value
  Reuters
  A Kohl's gift card is seen inside a Kohl's department store in the Queens borough of New York, U.S., January 5, 2017. REUTERS/Shannon Stapleton. 1/2. left. right. A sign marks the Macy's store in Boston, Massachusetts, U.S., February 21, 2017.and more »
  
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• This is how much you need to buy a home in these top 10 cities

  23-02-2017 22:09
  
  Home prices are on the rise in cities across the U.S., and hit new highs in many cities throughout 2016. New data from SmartAsset shows exactly how much income is needed in the top 10 U.S. cities to afford a home.
  
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• FHFA: Q4 Home Prices Edge Up 1.5 Percent

  23-02-2017 22:07
  
  Home prices edged up 1.5 percent in the fourth quarter of 2016, totaling 6.2 percent from the fourth quarter of 2015, according to the Federal Housing Finance Agency’s (FHFA) recently released House Price Index (HPI). The HPI—based on prices for homes with Fannie Mae- and Freddie Mac-backed mortgages—came in 0.4 percent higher month-over-month in December.
  Per the Index, home prices increased in the majority of states, as well as the District of Columbia, from the fourth quarte
  
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• Report: Inaccurate Data Undercuts Business Decisions

  23-02-2017 22:06
  
  Data is only as powerful as its accuracy.
  Clean data is crucial to the success of a real estate brokerage: accurate internal data secures transactions, while accurate property data facilitates them. According to a new report from Experian Data Quality, the “Global Data Management Benchmark,” 52 percent of businesses across industries guess or use “gut feelings” to make data-driven decisions, primarily due to inaccuracies.
  The heart of the issue is inconsistency, according
  
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• Here are 5 easy tips to rebuild your credit score

  23-02-2017 19:21
  
  Credit score provider VantageScore Solutions recommends taking these actions to help improve your score but be advised, the results aren’t instant.
  
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• Game-changing real estate technology makes its way to Dallas - HousingWire

  23-02-2017 19:05
  
  HousingWire
  Game-changing real estate technology makes its way to Dallas
  HousingWire
  Just weeks after bringing their technology to Realtors in Michigan, Remine announced its partnership with the North Texas Real Estate Information Systems to bring the game-changing technology to Dallas. Remine will now be available to more than 30,000 ...and more »
  
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• loanDepot promotes Dan Hanson to chief retail production officer

  23-02-2017 18:38
  
  loanDepot hasn’t let up on the gas since it launched into the housing finance market after the financial crisis. Now the company announced it promoted Dan Hanson to chief retail production officer, where he will be charged with fulfilling the team’s mission to become America’s lender of choice.
  
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• Fitch: Is there a housing bubble in these hot, hot markets?

  23-02-2017 18:29
  
  Housing in the state of Texas was hotter in 2016 that it’s ever been before, but is real estate in the Lone Star state getting too hot? A new report from Fitch Ratings suggests that Texas is one a few states where home prices are not only unsustainable, they’re overheating.
  
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• US Extends Crackdown on Money Laundering in Luxury Real Estate - Mansion Global

  23-02-2017 18:14
  
  Mansion Global
  US Extends Crackdown on Money Laundering in Luxury Real Estate
  Mansion Global
  The federal government will extend an Obama-era program meant to catch illicit money pouring into luxury real estate in the U.S., the Treasury Department announced on Thursday. The temporary regulations apply to 14 municipalities, including New York ...
  FinCEN Renews Cash-Only Real Estate Reporting OrdersCoStar Groupall 16 news articles »
  
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• Game-changing real estate technology makes its way to Dallas

  23-02-2017 18:03
  
  Remine announced its new partnership with the North Texas Real Estate Information Systems, which will bring game-changing technology to more than 30,000 Dallas-area Realtors. Remine will allow Realtors to identify and market to would-be homebuyers at a time when real estate in Texas is hotter than ever.
  
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• JPMorgan pumps $1.2 million into Detroit to revitalize housing

  23-02-2017 18:02
  
  However, Thanks to companies like JPMorgan Chase donating millions of dollars to the city to help it recover faster, it's making steady progress. But, since it fell so low after the crisis, there remains a long way to go. Here's the latest positive news for the Motor City.
  
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• FHFA: Rising interest rates not slowing down home prices…yet

  23-02-2017 16:30
  
  Home prices continued their strong growth in the fourth quarter despite rising interest rates. Although interest rates are up, housing inventory is down, causing home prices to increase. However, the FHFA’s deputy chief economist explains it may simply be too soon to see an effect on the market from increasing interest rates.
  
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• Freddie Mac: Market uncertainty disorients mortgage rates

  23-02-2017 16:01
  
  Mortgage rates increased slightly, once again breaking from the 10-year Treasury yield which saw a more significant decrease. Freddie Mac’s chief economist explains the divergence between the two numbers stems from rising uncertainty in the market.
  
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• [WATCH] Treasury Secretary Mnuchin says expect GSE reform during Trump administration

  23-02-2017 15:12
  
  Treasury Secretary Steven Mnuchin sat down with CNBC for his first television interview since being confirmed to lay out some of the administration’s economic priorities. Among the items discussed, Mnuchin mentioned GSE reform, confirming that a change in Fannie and Freddie’s current status is still high on the administration’s list of priorities.
  
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• Real Estate - Seeking Alpha

  23-02-2017 12:45
  Seeking Alpha
  Real Estate
  Seeking Alpha
  Equity REITs make up about 98% of the equity market capitalization of the sector, and real estate management and brokerage companies make up the remainder. Today, I have decided to commence coverage on CBRE Group. On August 31, 2016, S&P Dow ...and more »
  
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• Exclusive: Egyptian real estate developers suspend Saudi project amid tensions - Reuters

  23-02-2017 10:36
  
  Exclusive: Egyptian real estate developers suspend Saudi project amid tensions
  Reuters
  CAIRO Three Egyptian real estate executives said on Thursday that their companies have suspended housing deals with the Saudi Arabian government amid political tensions between the two countries. Four Egyptian real estate companies had signed ...and more »
  
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• Seattle real estate market faces 3 big risks - Seattle Daily Journal of Commerce (subscription)

  23-02-2017 09:02
  Seattle real estate market faces 3 big risks
  Seattle Daily Journal of Commerce (subscription)
  A recent report says the skilled labor shortage may be the largest risk factor this year. By PAT CALLAHAN Urban Renaissance Group. mug. Callahan. The end of January marked the start of the Chinese New Year, which proclaimed 2017 as the Year of the ...
  
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• Real estate mogul is mystery buyer of record-setting Brooklyn house - New York Post

  23-02-2017 07:46
  
  Real estate mogul is mystery buyer of record-setting Brooklyn house
  New York Post
  Developer Joe Sitt (left) bought Brooklyn's most expensive home sold in 2016. He's pictured here with fellow real estate exec Shlomi Reuveni. Patrick McMullan/PatrickMcMullan.com. Gimme Shelter can reveal that real estate mogul Joe Sitt — president ...
  
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• Omaha real estate firm, honored for 'exceptional culture,' at center of office boom near 180th Street - Omaha World-Herald

  23-02-2017 07:03
  
  Omaha World-Herald
  Omaha real estate firm, honored for 'exceptional culture,' at center of office boom near 180th Street
  Omaha World-Herald
  Managing broker Brian Thomas' office at Berkshire Hathaway HomeServices Ambassador Real Estate, with its stylish mannequins, eclectic lamps and a sign that calls him “cruise director.” Pitch Pizzeria. BRENDAN SULLIVAN/THE WORLD-HERALD.
  
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• Central PA Pros: Coldwell Banker Town & Country Real Estate 2.22.17 - WTAJ

  23-02-2017 06:43
  
  Muncie Journal (press release)
  Central PA Pros: Coldwell Banker Town & Country Real Estate 2.22.17
  WTAJ
  Bob Pennington from Coldwell Banker Town & Country Real Estate discusses how his 44th year is going, when peak selling season is, and his predictions for the remainder of the year. Coldwell Banker Town & Country Real Estate opened its doors in 1973.
  6th Annual State of Commercial and Residential Real Estate PresentedMuncie Journal (press release)all 4 news articles »
  
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• Brokers Real Estate: Small Office with big results - Sidney Daily News (subscription)

  23-02-2017 06:17
  
  Sidney Daily News (subscription)
  Brokers Real Estate: Small Office with big results
  Sidney Daily News (subscription)
  SIDNEY — Success is not measured by the number of agents in an office. Success is measured by the quality of service and performance of those agents. “Twenty-five percent of Brokers Real Estate's agents achieved recognition by the Ohio Association of ...and more »
  
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• John Peyton named president and CEO of Realogy Franchise Group

  23-02-2017 06:00
  
  Realogy Holdings named a new leader over its Realogy Franchise Group, which includes prominent brands such as Better Homes and Gardens Real Estate, Century 21 and Coldwell Banker. The company welcomes a familiar face to the position, promoting John Peyton, its current president and COO, to CEO of RFG, effective April 1, 2017.
  
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• Thursday at 11: Risque real estate - WXYZ

  23-02-2017 05:12
  
  WXYZ
  Thursday at 11: Risque real estate
  WXYZ
  (WXYZ) - A prominent realtor in an upscale suburb in Detroit is giving new meaning to the term 'open house'. He's been having sex in the homes he's supposed to be selling! As you can imagine, people are outraged. investigator Jim Kiertzner is shedding ...
  
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• Real Estate Roundup: Gerding Edlen's $20M Muse and an $8.1M factory in Hillsboro - Portland Business Journal

  23-02-2017 01:55
  Portland Business Journal
  Real Estate Roundup: Gerding Edlen's $20M Muse and an $8.1M factory in Hillsboro
  Portland Business Journal
  These days, there seems to be no shortage of deals being made across the metro region. Multifamily properties, manufacturing plants, industrial warehouses — they're all moving. Here's just a glimpse at a few of the deals that have come across our ...
  
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• New York real estate firm buys Apple's Sunnyvale office complex for $291M - Silicon Valley Business Journal

  23-02-2017 01:36
  Silicon Valley Business Journal
  New York real estate firm buys Apple's Sunnyvale office complex for $291M
  Silicon Valley Business Journal
  Tristar Capital has paid $290.7 million for a 15-acre office campus in Sunnyvale that is currently fully leased by Apple, according to a press release Wednesday from JLL, which arranged the sale to the New York City-based firm. Rockwood Capital was the ...
  
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• Commercial Real Estate Women of Silicon Valley names new president, MVP - Silicon Valley Business Journal

  23-02-2017 01:36
  Silicon Valley Business Journal
  Commercial Real Estate Women of Silicon Valley names new president, MVP
  Silicon Valley Business Journal
  The first part of 2017 has started with a bang for Anna Mcquillan-Rose, vice president at Transwestern. The 17-year industry veteran was elected president of the Silicon Valley chapter of Commercial Real Estate Women last month. Next month she'll be ...
  
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• Real estate associate arrested, charged with grand theft - 7News - WSVN-TV

  23-02-2017 00:53
  
  7News - WSVN-TV
  Real estate associate arrested, charged with grand theft
  7News - WSVN-TV
  FORT LAUDERDALE, FLA. (WSVN) - The arrest was quick. Hollywood Police putting handcuffs on 36-year old Mohamed Donald, also known as Sham Donald. The charge: grand theft. He's accused of taking deposits from clients and keeping the money for ...
  
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• US Crackdown on Money Laundering in Luxury Real Estate Set to End - Mansion Global

  23-02-2017 00:52
  
  Mansion Global
  US Crackdown on Money Laundering in Luxury Real Estate Set to End
  Mansion Global
  Federal regulations meant to catch illicit money flooding into luxury real estate are set to expire on Thursday, leaving the future of the so-far successful initiative in limbo. The federal government launched the program a year ago in two ...
  
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• N. Idaho home listed as 'not haunted' in funny real estate listing - KTVB.com

  23-02-2017 00:26
  
  KTVB.com
  N. Idaho home listed as 'not haunted' in funny real estate listing
  KTVB.com
  COEUR D'ALENE, Idaho – A real estate agent in Coeur d'Alene had some fun while trying to sell a rundown home in Coeur d'Alene. draft. (Photo: REMAX). Jeff Mason is trying to sell the “stunning rancher” on North 3rd Street. Like any home on the market, ...and more »
  
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• Ocwen expects another loss in 2017 thanks to NYDFS, CFPB regulatory issues

  23-02-2017 00:24
  
  Despite the California Department of Business Oversight removing the state's mortgage servicing restrictions on Ocwen Financial, the nonbank is still prohibited from acquiring mortgage servicing rights in bulk thanks to the company’s previous settlement with the New York Department of Financial Services, the company's executives told investors on Wednesday. And those restrictions and other "regulatory challenges" will likely lead to another yearly loss for the nonbank.
  
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• CoreLogic fourth quarter and full-year revenues surge at double-digit rates

  23-02-2017 00:18
  
  CoreLogic wrapped up 2016 with double-digit revenue growth for the fourth quarter and full year thanks to success in two of its key segments. And now looking ahead to 2017, the company is very positive on what the future holds.
  
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