Real estate news

• Dallas real estate startup Door pulls in $2.3 million in Series A funding

  21-03-2017 23:34
  
  A Dallas startup that aims to disrupt the real estate business by charging a flat fee for brokerage services rather than the traditional 6% fee plans to grow after it just raised $2.3 million in a round of funding. Here's the lowdown on Door.
  
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• PHH laying off more employees in New York

  21-03-2017 23:21
  
  Given the headlines of late, it may be easy to forget that PHH Mortgage Corp’s landmark battle with the Consumer Financial Protection Bureau isn’t the only issue the company is facing. The company is also in the middle of significant shift in its business, necessitated by substantial changes in its mortgage servicing operations.
  
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• What Trump’s tax cuts mean for affordable housing deals

  21-03-2017 21:53
  
  One of President Donald Trump’s priorities, tax reform, could threaten the affordable housing industry as fewer investors may be enticed to fund projects. Developers said investors are valuing the tax credit 10% to 20% lower since Election Day. The reduction in the credit’s value is already likely to cause a drop of about $1 billion in equity investment for the year.
  
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• A Simple ‘Like’ Earns Big Rewards with MVP

  21-03-2017 21:07
  
  NAR PULSE—Like NAR’s Center for REALTOR® Development Facebook page to earn a free download of Social Media of REALTORS®: Your Website, a step-by-step guide for starting, using and promoting your real estate website. PLUS, you’ll be automatically entered to win a $250 gift card to the REALTOR® Store when you act with MVP by May 15! Act now.TurboTax® Discounts for NAR Members and FamiliesNAR members enjoy savings up to $20 off on TurboTax® through the REALTOR
  
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• 7 Secrets to Working in a Luxury Real Estate Market

  21-03-2017 20:59
  
  Editor’s Note: This was originally published on RISMedia’s blog, Housecall. See what else is cookin’ now at blog.rismedia.com:Renovate or Decorate? 3 Things to Consider Before Choosing
  Why W-2 Employees and Gig Economy Workers Should Customize Their Pitch to Mortgage Lenders
  Size Matters: Most Americans Dissatisfied with Home’s Square Footage
  Trying to get in with the high-end clients in your market? It might not be as hard as you think…
  As part of the latest RISMe
  
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• When It Comes to Homeownership Decisions, Pets Rule

  21-03-2017 20:56
  
  Editor’s Note: This was originally published on RISMedia’s blog, Housecall. See what else is cookin’ now at blog.rismedia.com:How to Find a Home That Will Increase Your Quality of Life
  7 Secrets to Working in a Luxury Real Estate Market
  Renovate or Decorate? 3 Things to Consider Before Choosing
  A lot goes into the decision to buy, sell or remodel a home. After all, this is one of the most significant investments of your lifetime, so there are a lot of factors to be weighed and
  
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• The Great Baby Boomer Retirement Plan: Downsize your life

  21-03-2017 20:13
  
  Baby Boomers are preparing for retirement and as they do, the generation is looking increasingly to downsizing. Nearly half, in fact, are giving up on the dream of homeownership entirely. As humans live longer, many must consider a wide range of course corrections in order to enjoy a secure retirement.
  
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• Trump reportedly considering former OneWest CEO to lead OCC

  21-03-2017 20:08
  
  President Donald Trump is “expected to name” Joseph Otting to serve as the Comptroller of the Currency, one of the country’s top financial regulators, per a CNBC report. Otting served as the CEO of OneWest Bank from 2010 until 2015, working alongside Steven Mnuchin, the recently installed Secretary of the Department of the Treasury and the former chairman of OneWest.
  
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• Tensions escalate at House hearing on constitutionality of the CFPB

  21-03-2017 18:00
  
  Well, this is awkward. Four witnesses on the constitutionality of the Consumer Financial Protection Bureau sat before a House subcommittee on Tuesday morning, lending their expert knowledge to help sort through the current state of confusion around the bureau.The only problem is that they could barely get a word in edgewise. House Republicans profusely thanked them for coming as House Democrats condemned the hearing entirely.
  
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• NY Fed president compares Wells Fargo fake account scandal to subprime mortgage crisis

  21-03-2017 17:36
  
  The president of the Federal Reserve Bank of New York told the Banking Standards Board in London on Tuesday that he sees quite a few similarities between the Wells Fargo fake account scandal and the subprime mortgage crisis of the late 2000’s. "Compensation, once again, seems to be at the center of a scandal," NY Fed President William Dudley said in the speech.
  
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• Rising interest rates becomes double-edged sword for mortgage-banker profits

  21-03-2017 17:22
  
  The recent growth of independent mortgage bank profit hit a speed bump when mortgage interest rates started to steadily increase toward the end of 2016. Now, despite the surge in profit at the start of 2016, independent mortgage bank profit is struggling. But rising interest rates isn’t all bad news for the bottom line.
  
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• Rising interest rates become double-edged sword for mortgage-banker profits

  21-03-2017 17:22
  
  The recent growth of independent mortgage bank profit hit a speed bump when mortgage interest rates started to steadily increase toward the end of 2016. Now, despite the surge in profit at the start of 2016, independent mortgage bank profit is struggling. But rising interest rates aren't all bad news for the bottom line.
  
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• Demand for houses still grows despite interest rates increasing

  21-03-2017 17:13
  
  Interest rates are going up, however they aren’t quenching the demand for housing. Rising demand, especially from the Millennial generation, continues to fuel an increase in existing home sale potential.
  
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• CoreLogic: Influx of refis pushes risk index lower in Q4

  21-03-2017 15:45
  
  Mortgage originations grew less risky during the fourth quarter, CoreLogic’s latest report shows. In fact, the loans originated during the fourth quarter are the safest home loans since 2001.
  
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