Real estate news

• MBA comes out in support of Financial CHOICE Act, with some conditions

  02-05-2017 23:25
  
  The Republican-led Financial CHOICE Act, H.R. 10., is currently under review by the Financial Services Committee as it begins the process to replace the Dodd-Frank Wall Street Reform and Consumer Protection Act. Democrat and Republican committee members are already at war over of the details of the act, and now, the Mortgage Bankers Association, the largest trade group in the mortgage finance space, is weighing in on the discussion.
  
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• Goldman Sachs nearing $650 million in consumer relief in $5 billion settlement

  02-05-2017 22:46
  
  Goldman Sachs recently passed the one-third mark in its $1.8 billion consumer relief obligation that is part of the company's $5 billion settlement reached in April 2016 over toxic mortgage bonds, the settlement's monitor said in a new report. Part of Goldman Sachs' most recent consumer relief is $240 million in donations to facilitate the construction, rehabilitation or preservation of affordable low-income rental or for-sale housing in seven states
  
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• Win a Phantom 4 Drone With MVP and QuickBooks Self-Employed

  02-05-2017 22:02
  
  NAR PULSE—Sign up for a free 30-day trial of QuickBooks® Self-Employed from Intuit®, a REALTOR Benefits® Program partner, and receive Tech Trends 2017: Smart Home Products to Watch Webinar – Download free from the Member Value Plus (MVP) Program. Plus, you’re automatically entered to win a Phantom 4 Pro Drone sponsored by Intuit®! Your free QuickBooks Self-Employed trial gives you mileage tracking, receipt capture, expense tracking and more to help you with your
  
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• Harnessing the Real Power of Data

  02-05-2017 22:00
  
  As the real estate industry continues to ebb and flow at a feverish pace, pinpointing exactly where the market’s headed is a challenging proposition for real estate professionals across the board, even those who pride themselves on having a pulse on the market 24/7.
  While we haven’t been able to track down that elusive crystal ball that would undoubtedly point us in the right direction, we’ve taken the challenge into our own hands at HouseCanary and have built something that I
  
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• Zillow Group Debuts RealEstate.com

  02-05-2017 21:57
  
  Zillow Group’s RealEstate.com officially launched Tuesday, offering homebuyers a search experience that presents the total cost associated with owning a home. Zillow Group first announced the new brand in March, stating it will source listings for the site directly from brokerages, franchises and MLSs.
  On RealEstate.com, buyers have the ability to search for a home based on desired down payment or monthly payment. The site’s All-In Monthly Price feature assigns a cost to each home, i
  
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• This Startup Wants to Be the Amazon of Real Estate - Inc.com

  02-05-2017 21:04
  
  Inc.com
  This Startup Wants to Be the Amazon of Real Estate
  Inc.com
  Ryan Williams wants to use technology to give more investors access to commercial real estate--and grow their wealth over time. By Zoë Henry. Zoë Henry is a staff reporter at Inc. and a graduate of Brown University. She lives in Brooklyn, New York ...
  Trump Adviser Kushner's Undisclosed Partners Include Goldman and SorosWall Street Journalall 41 news articles »
  
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• Freddie Mac CEO: 0% capital buffer does not factor into daily operations

  02-05-2017 21:00
  
  Freddie Mac CEO Donald Layton is perfectly comfortable with allowing some Federal Housing Finance Agency executives to express concerns with the government-sponsored enterprise's 0% capital buffer requirements; but it is an emotional response he does not share. And this is the reason why.
  
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• Is the current political environment too risky to open affordable housing discussion?

  02-05-2017 20:49
  
  During a panel at MBA secondary in New York City, panelists explained the risks of putting topics such as affordable housing reform through the legislative process during the current political environment. One panelist explained affordable housing reform stands to lose more than it would gain, and that new legislation may not be the best path forward.
  
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• SEC: Barclays Capital to pay $16.5 million to settle RMBS fraud charges

  02-05-2017 20:34
  
  Barclays Capital will fork over more than $16.5 million as part of a settlement stemming from allegations that the company did not properly supervise two of its former mortgage bond traders who allegedly lied to and overcharged clients, the Securities and Exchange Commission announced this week.
  
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• Fannie Mae: There are more potential home buyers out there

  02-05-2017 18:58
  
  It’s not an easy time to be a lender, or a servicer. Leaders of Fannie Mae and Freddie Mac addressed the challenges the mortgage industry is facing in the rising rate environment at a session Tuesday at the MBA’s Annual Secondary Conference.
  
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• 5 things your New York City real estate broker probably won't tell you - Business Insider

  02-05-2017 18:44
  
  Business Insider
  5 things your New York City real estate broker probably won't tell you
  Business Insider
  A good broker should be honest, realistic, and encouraging, but that doesn't mean they should be a truth-bending 'Yes Man.' Within the NYC real estate industry, the latter seems to be the norm, which makes sense when you consider that turnover is one ...
  
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• A new venture firm focused on real estate has raised $212 million from real estate industry giants - TechCrunch

  02-05-2017 18:20
  
  TechCrunch
  A new venture firm focused on real estate has raised $212 million from real estate industry giants
  TechCrunch
  It isn't easy to find white space in the world of venture capital, where every venture firm must have a specific vision to sell to the universities, pension funds and family offices that tend to fund them. But Brendan Wallace and business partner Brad ...
  New $212M Venture Fund Goes All In On Real Estate--Can An Innovative Model Force Change In A Dusty Industry?Forbes
  The nat
  
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• Here’s the real state of the housing market

  02-05-2017 17:53
  
  Three of the mortgage industry’s leading economists joined together at MBA Secondary in New York City to discuss the current state of the housing market. They addressed key issues such as, is a recession on the horizon? How many times will the Fed raise rates this year? And is San Francisco in a housing bubble?
  
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• How self-driving cars will profoundly change real estate - CNBC

  02-05-2017 17:35
  
  CNBC
  How self-driving cars will profoundly change real estate
  CNBC
  An employee operates a Tesla Motors Model S electric automobile, equipped with Autopilot hardware and software, hands-free on a highway in Amsterdam, Netherlands. Menlo Ventures managing director Venky Ganesan says that urban spaces will change ...and more »
  
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• CoreLogic: Home prices continue upward trend in March

  02-05-2017 16:20
  
  Home prices, to no surprise, continued their upward trend in March, increasing both year over year and month over month. And looking ahead, the CoreLogic HPI Forecast indicates this isn’t changing anytime soon. Here’s added perspective from Frank Nothaft, chief economist for CoreLogic, on how it compares to past.
  
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• Japan's Real Estate Industry Isn't Troubled by Talk of a Bubble - Wall Street Journal (subscription)

  02-05-2017 15:05
  
  Wall Street Journal (subscription)
  Japan's Real Estate Industry Isn't Troubled by Talk of a Bubble
  Wall Street Journal (subscription)
  TOKYO—In the nation that spawned the mother of all modern real-estate bubbles three decades ago, market conditions these days feel slightly familiar. Real-estate loans are at a record, and top buildings are selling for more than 30 times their annual ...
  
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• Freddie Mac first quarter profit withstands impact of rising interest rates

  02-05-2017 15:02
  
  Freddie Mac started 2017 slightly down as the market adjusted to lower refinance volumes and rising interest rate levels in the first quarter. The government-sponsored enterprise is less than one year away from the start of 2018 when its capital reserve amount is supposed to be zero. As it reaches that point, Freddie Mac’s dividend obligation to Treasury in June 2017 will be $2.2 billion, based on Freddie Mac’s net worth of $2.8 billion at March 31, 2017.
  
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• It's official: Nationstar will become Mr. Cooper in August 2017

  02-05-2017 15:00
  
  A journey that Nationstar Mortgage first began way back in 2015 is nearing its conclusion, as the company announced Tuesday morning that it will officially transition and become Mr. Cooper in August 2017. Soon enough, Mr. Cooper will cease to be Nationstar’s future and become its present.
  
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• Zillow officially launches RealEstate.com, new site for Millennials, first-time buyers

  02-05-2017 06:01
  
  Zillow Group officially launched its new real estate search site, RealEstate.com, on Tuesday, unveiling a web experience designed to help more Millennials and prospective first-time homebuyers become actual homebuyers.
  
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• MBA Secondary: Experts see cause for optimism in MSR market

  02-05-2017 05:31
  
  Compared to the state of the MSR market this time last year, experts on a panel about MSR liquidity at the MBA Annual Secondary Conference on Monday saw reason for optimism in 2017. But headwinds remain, including some challenges related to Basel III and the possible reduction of the corporate tax rate.
  
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• Require Holdings acquires Service 1st Valuation and Settlement Services

  02-05-2017 00:10
  
  In its second acquisition for the year, Require Holdings announced it acquired Service 1st Valuation and Settlement Services, a provider of valuation risk management services. Under the acquisition, Service 1st will be a wholly-owned subsidiary of Require Holdings, joining its portfolio of companies.
  
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