Real estate news

• Better Mortgage continues push into purchase mortgages

  10-04-2017 23:56
  
  Earlier this year, online mortgage lender Better Mortgage said that raised $15 million and planned to use the money to launch and expand of Better's home purchase finance product on the company’s website. Now, the company is continuing its push into purchase mortgages by rolling out a “verified” pre-approval letter for borrowers.
  
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• Fifth Third Bank promotes Phillip McHugh to head of consumer bank

  10-04-2017 23:26
  
  Fifth Third Bancorp announced recently that it is promoting Phillip McHugh to become the bank’s new head of its consumer bank, which includes retail banking, mortgage, auto lending, business banking, collections and credit centers. McHugh is replacing Chad Borton, who is leaving Fifth Third to become president of USAA Federal Savings Bank, the bank said.
  
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• New York budget to target homelessness, affordable housing

  10-04-2017 23:17
  
  New York announced its budget late after it surpassed its April 1st deadline. The newly released budget contains many implications for housing including tuition free-college and a considerable part of the budget dedicated towards fighting homelessness and providing affordable housing.
  
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• LenderLive officially takes over PHH private-label mortgage operations

  10-04-2017 22:56
  
  Earlier this year, LenderLive Network announced that it would be taking over PHH Mortgage Corporation’s private-label fulfillment operations in Jacksonville, Florida. Now, the transition to LenderLive taking over PHH’s private-label fulfillment operations is complete.
  
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• REALTORS® Answer Call for Greener, Sustainable Homes

  10-04-2017 22:24
  
  More homebuyers and sellers are in the market for greener, sustainable homes—and REALTORS® are answering the call.
  Over half of REALTORS® recently surveyed in the National Association of REALTORS® (NAR) REALTORS® and Sustainability report say consumers have an interest in sustainability as it pertains to real estate—homes that have features intended to conserve natural resources, such as solar panels or walkability. Twenty-seven percent of those surveyed have been inv
  
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• John Vatistas: Bringing New ‘Mojo’ to Real Estate

  10-04-2017 22:21
  
  When Scottsdale entrepreneur John Vatistas, founder and CEO of Launch Real Estate, came up with the idea for the brokerage last year, his goal was to abandon the traditional way of doing things and offer something unique to consumers in the local luxury real estate market.
  Although he doesn’t sell real estate himself, his company employs those who do and those who support those who do. He believes his approach is one that will be a success because he treats agents the way he would want to
  
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• Will Single Buyers Capture a Greater Share of 2017 Home Sales?

  10-04-2017 22:18
  
  According to data from the National Association of REALTORS®, the share of single buyers was on the decline from 2011 to 2015, as there was more competition in the market from investment and vacation homebuyers. The share of single buyers rebounded in 2016, however, possibly signaling new developments for the future—but first, let us look back at historical trends.
  NAR tracks market changes in two of its flagship surveys, the Profile of Home Buyers and Sellers and the Investment and Va
  
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• A-List Apartment on the Upper East Side

  10-04-2017 22:11
  
  Editor’s Note: This was originally published on RISMedia’s blog, Housecall. See what else is cookin’ now at blog.rismedia.com:Tips to Assess and Evaluate the Real Estate Market in Your Area
  What Are the Best States for Millennials? The Answer May Surprise You
  A Comprehensive List of Fictional Real Estate Agents
  A celebrity-worthy New York City townhouse recently hit the market for any highbrow buyers cruising for a fresh pad. Located at 156 East 62nd Street, this newly refurbis
  
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• Real estate news briefs - Hometownlife.com

  10-04-2017 22:07
  
  Hometownlife.com
  Real estate news briefs
  Hometownlife.com
  Realtors are invited to Realcomp's 2017 Annual Tools of the Trade Realtor Expo from 8:30 a.m.to 3:30 p.m. Tuesday, May 2, at the Ford Community and Performing Arts Center, 15801 Michigan Avenue, Dearborn. Get in on this year's lessons in real estate ...
  
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• Boston's broken real estate market is getting worse - The Boston Globe

  10-04-2017 21:50
  
  The Boston Globe
  Boston's broken real estate market is getting worse
  The Boston Globe
  AP. Almost everyone is ready to tell a real-life real estate story. The one I was hearing the other day was from a broker recounting how a client paid $200,000 over asking price, outbidding three others, for a 1,200-square-foot condo in Brookline. Then ...
  
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• Freddie Mac launches education initiative to boost homeownership in Kentucky

  10-04-2017 21:36
  
  Freddie Mac announced that eight manufactured home retailers joined its program for increasing homeownership education for buyers of manufactured homes in the Kentucky area. Here is the latest news on the program, and what it seeks to accomplish.
  
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• Representative Hill: Here's what the defenders of the CFPB ignore

  10-04-2017 21:05
  
  As the controversy around the embattled Consumer Financial Protection Bureau heightens, more representatives are stepping outside of the beltway to speak directly to their constituents about the constitutionality and functionality of the bureau. Rep. French Hill, R-Ark., is the latest representative to pen a commentary on the need for the agency to be reined in.
  
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• Tesla takes next step in solar energy revolution, unveils new solar panels

  10-04-2017 20:37
  
  Tesla, which got into the solar energy business last year with the acquisition of SolarCity, is taking the next step in its plan to revolutionize the acquisition, storage, and use of solar energy with the introduction of its own version of solar panels. What does it mean for the solar energy business? And what does it mean for the mortgage business?
  
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• FBC Mortgage launches online mortgage application for wholesale and correspondent divisions

  10-04-2017 17:46
  
  FBC Mortgage launched an online mortgage application for its wholesale and correspondent division, bringing digital mortgage technology previously only for use for retail into the third-party origination world. The announcement signals a greater movement toward digital in the lending space.
  
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• First Financial Northwest expands footprint in Seattle area

  10-04-2017 17:44
  
  First Financial Northwest announced the expansion of its footprint in the counties surrounding the Seattle area. The bank announced it will acquire four branches including their retail locations, ATMs and more. But the bank’s expansion doesn’t end there.
  
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• Wells Fargo claws back $75 million more from Stumpf, Tolstedt

  10-04-2017 16:02
  
  Wells Fargo announced the results of an internal investigation into its recent fake accounts scandal, which found that cultural, structural and leadership issues were the root cause for its improper sales practices. Due to the investigation's conclusions, the company announced it will claw back even more from top executives, including former CEO John Stumpf, with the total now reaching more than $180 million. Click the headline to read more.
  
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• Monday Morning Cup of Coffee: Representative continues attack on CFPB in local op-ed

  10-04-2017 06:01
  
  Rep. Ann Wagner, R-Mo., doubled down in her battle to unseat Consumer Financial Protection Bureau Director Richard Cordray and overhaul the bureau in a guest commentary for her local newspaper. Meanwhile, looking at another controversial part of Washington, Fannie Mae and Freddie Mac meet the man in charge of reforming them. All of this and more gets unpacked in this week's Monday Morning Cup of Coffee.
  
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• Take a Look at First Quarter Stats for Retail Real Estate - National Real Estate Investor

  10-04-2017 04:51
  
  National Real Estate Investor
  Take a Look at First Quarter Stats for Retail Real Estate
  National Real Estate Investor
  Cap rates on sales of class-A retail centers are averaging 7.03 percent, while class-C centers are trading at an average cap rate of 9.28 percent. Advertisement. Real estate research firm Real Capital Analytics (RCA) recently came out with its retail ...
  
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• Virtual realty expected to shake up future of real estate - Minneapolis Star Tribune

  10-04-2017 03:26
  
  Minneapolis Star Tribune
  Virtual realty expected to shake up future of real estate
  Minneapolis Star Tribune
  Virtual reality (VR) is likely to reshape the real estate industry in much the same way internet listings did. It may not be long before your first view of your next house or apartment will be through a View-Master-like headset. By Jim Buchta Star ...
  
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• Home shortage dampening Kitsap real estate market - Kitsap Sun

  10-04-2017 00:55
  
  Kitsap Sun
  Home shortage dampening Kitsap real estate market
  Kitsap Sun
  A shortage of homes for sale in the county continues to frustrate real estate brokers and potential buyers alike. In the first three months of 2017, Kitsap's already tight housing market somehow stretched tighter as demand overwhelmed a lean stockpile ...
  
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