Real estate news

• Stearns Lending buys mortgage production channels from Primary Capital Mortgage

  07-06-2017 23:29
  
  When Stearns Lending hired David Schneider as its new CEO back in May, the company said that Schneider would lead the company through its “next phase of growth.” On Tuesday, Stearns Lending followed up on that claim, announcing that it acquired the mortgage production channels of Primary Capital Mortgage.
  
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• Luxury real estate company comes to Taos - Albuquerque Business First

  07-06-2017 23:17
  Albuquerque Business First
  Luxury real estate company comes to Taos
  Albuquerque Business First
  Engel & Völkers, an international residential and commercial real estate company headquartered in Germany, is coming to New Mexico. The company specializes in "exclusive, high-end real estate services." Engel & Völkers, an international residential and ...and more »
  
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• CREFC '17: Loan Structures Are Eroding in Real Estate Cycle's Final Hours - Commercial Observer

  07-06-2017 23:16
  
  Commercial Observer
  CREFC '17: Loan Structures Are Eroding in Real Estate Cycle's Final Hours
  Commercial Observer
  On the surface, commercial real estate brokers and lenders seem pleased. While some segments of the market are limping, sure—retail is admittedly troubled, and suburban office perhaps volatile—there's so much capital in the market that deals are ...and more »
  
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• Texas homes selling in record short time - Dallas News (blog)

  07-06-2017 23:12
  
  Dallas News (blog)
  Texas homes selling in record short time
  Dallas News (blog)
  In April, it took on average 55 days to sell a home in the state -- the quickest turnover on record, according to the Real Estate Center at Texas A&M University. North Texas properties are turning even faster. In Fort Worth it took only 30 days and in ...
  
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• Brack Capital Real Estate's Indigo LES Hits the Market - Commercial Observer

  07-06-2017 22:55
  
  Commercial Observer
  Brack Capital Real Estate's Indigo LES Hits the Market
  Commercial Observer
  Hotel Indigo Lower East Side at 171 Ludlow Street. Photo: Hotel Indigo Lower East Side website. AddThis Sharing Buttons. Share to Twitter Share to Facebook Share to LinkedIn Share to Email. Hotel Indigo Lower East Side has hit the market with Eastdil ...
  
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• A Seller’s Market? Consumers Express Diverging Sentiment on Home Buying and Selling in May

  07-06-2017 22:52
  
  The Fannie Mae Home Purchase Sentiment Index® (HPSI) decreased 0.5 percentage points in May to 86.2. The slight decrease can be attributed to decreases in three of the six HPSI components being larger on net than the three increases.
  The net share of Americans who reported that now is a good time to buy a home reached a record low after falling 8 percentage points, while the net share who reported that now is a good time to sell a home reached a record high, increasing 6 percentage points.
  T
  
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• Marriage Equality Is Paving the Way for LGBT Community’s Increased Interest In Homeownership

  07-06-2017 22:50
  
  The 2015 Supreme Court ruling legalizing marriage equality has paved the way for more LGBT home purchases, according to the 2017 National Association of Gay and Lesbian Real Estate Professionals (NAGLREP) Homeownership Survey. NAGLREP, which has 1,500 members, celebrates its 10th anniversary during June’s LGBT Pride Month.
  The online survey of more than 325 NAGLREP members found that 47 percent of those surveyed believe more LGBT married couples are buying homes than prior to the deci
  
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• 5 Things to Know About No-Interest Credit Cards

  07-06-2017 22:44
  
  (TNS)—Tempted by that offer for a new credit card with an interest-free grace period? Don’t succumb to the first attractive zero percent interest credit card offer that comes your way—unless it’s the right card for you.
  First, come to understand your own motivations. A credit card with a no-interest introductory offer may be a good choice if you’re looking to consolidate debt through a balance transfer or if you’re contemplating a vacation or big purchase but
  
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• Home Point Financial shuffles executive team in wake of Stonegate acquisition

  07-06-2017 22:34
  
  Last week, as Home Point Financial finalized its $211 million acquisition of Stonegate Mortgage, Stonegate announced that several of its top executives were resigning in coordination with the deal. Included among those was Jim Smith, who stepped down from his positions as chief executive officer and president of Stonegate, but became the chief operating officer at Home Point. And it turns out that Smith isn’t the only Stonegate executive making the transition to Home Point.
  
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• The Real Estate Start-Up Jared Kushner Co-Founded Is Now Worth $800 Million - Vanity Fair

  07-06-2017 22:30
  
  Vanity Fair
  The Real Estate Start-Up Jared Kushner Co-Founded Is Now Worth $800 Million
  Vanity Fair
  In May, real-estate investing start-up Cadre found itself in the limelight when The Wall Street Journal reported that Jared Kushner, President Donald Trump's son-in-law, had failed to disclose his investment in the three-year-old company when he became ...
  Kushner-Backed Real Estate Startup Cadre Raises $65M In FundingBisnowall 68 news articles »
  
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• Low income areas become credit visible when negative records hit

  07-06-2017 21:08
  
  The Consumer Financial Protection Bureau conducted a study which showed how Americans become credit visible. The results showed lower-income areas are more likely to become credit visible after receiving a negative hit to their credit.
  
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• CBO: Amended CHOICE Act could reduce budget deficits an additional $9.5 billion

  07-06-2017 21:04
  
  The Congressional Budget Office, a nonpartisan analysis for the U.S. Congress, recalculated the cost of implementing the Republican-led Financial CHOICE Act to include the manager’s amendment, finding it would reduce budget deficits more than the original estimate.
  
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• Real Estate Daily Market Update: June 7, 2017 - Inman - Inman.com

  07-06-2017 21:01
  
  Real Estate Daily Market Update: June 7, 2017 - Inman
  Inman.com
  All the latest real estate market news, updated regularly throughout the day so you don't miss a thing.and more »
  
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• CFPB hits Fay Servicing with $1.15 million fine for illegal foreclosure practices

  07-06-2017 20:14
  
  The Consumer Financial Protection Bureau announced Wednesday that it is fining Fay Servicing more than $1 million for “illegal foreclosure practices.” According to the CFPB, an investigation found that Fay Servicing was “keeping borrowers in the dark” about their foreclosure prevention options and pursuing foreclosure actions even as borrowers were actively seeking help to save their homes, a practice sometimes referred to as “dual tracking.”
  
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• Texas execution halted for man convicted in real estate agent's murder - Texas Tribune

  07-06-2017 19:00
  
  Texas Tribune
  Texas execution halted for man convicted in real estate agent's murder
  Texas Tribune
  The Texas Court of Criminal Appeals on Wednesday halted the execution of a man convicted in the murder of a McKinney real estate agent in 2007.
  Execution halted for man convicted in Texas real estate agent's murderWFAA
  Texas Court of Criminal Appeals halts execution of real estate agent's killerFOX 4 Newsall 3 news articles »
  
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• Startup working on a real estate-backed cryptocurrency - Business Insider

  07-06-2017 18:43
  
  Business Insider
  Startup working on a real estate-backed cryptocurrency
  Business Insider
  Fintechs and incumbent financial services players have increasingly been investigating how to boost their clients' access to cryptocurrencies. On Tuesday, European fintech BrickCoin announced it will be rolling out brickcoins, a new proprietary ...and more »
  
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• Sorry, appraisers, you’re wrong – there is a shortage

  07-06-2017 18:30
  
  [Commentary] As the appraisal problem grows, many companies and even government agencies point to the appraiser shortage and ways to fix it. Appraisers, however, are not impressed. They say there isn’t a shortage, and that the real problem lies with AMCs. But the truth is – there is an appraiser shortage, and here’s why.
  
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• DOJ ordered to stop mortgage settlement money flowing into "left-wing activist organizations"

  07-06-2017 18:10
  
  Over the last few years, some of the largest settlements between financial institutions and the Obama administration’s Department of Justice contained stipulations that some of the settlement money be sent to unaffiliated third parties, a practice that Republicans criticized as a “slush fund” operation. But now that Republicans are in charge of the DOJ, that practice is ending, immediately.
  
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• The Financial Choice Act would be a disaster for Californians

  07-06-2017 18:00
  
  [Commentary] Less than ten years after our economy went into a free fall, Rep. Jeb Hensarling, R-Texas, chair of the House Financial Services Committee, has introduced legislation, innocuously named the Financial Choice Act that could throw our economy back into recession. Members of Congress face an important decision with this bill, which Democrats have nicknamed the “Wrong Choice Act.” Have representatives already forgotten about the financial crisis?
  
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• This Group is Building Real Estate's Next Generation of Women Leaders - D Magazine

  07-06-2017 17:14
  
  D Magazine
  This Group is Building Real Estate's Next Generation of Women Leaders
  D Magazine
  A gathering of commercial real estate women in their 20s and 30s has become much more than just a place to network. By Lily Corral Published in D CEO June 2017 Photography by Joshua Blaylock. The room began to fill up on the 42nd floor at Bank of ...
  
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• Summer could bring relief to homebuyer competition in Northwest

  07-06-2017 16:46
  
  Homebuyers could have more luck landing a home in the Northwest market this summer as more housing inventory enters the market. But while competition is less, the Seattle market and surrounding areas still saw explosive growth in May.
  
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• Why more millennials are finally getting into the real estate market ... - Washington Post

  07-06-2017 13:31
  
  Washington Post
  Why more millennials are finally getting into the real estate market ...
  Washington Post
  Here come the millennial home buyers. Finally. For the past decade, since the Great Recession forced so many Americans to put their lives on hold, the world of ...and more »
  
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• MBA: Increasing purchase demand drives mortgage applications higher

  07-06-2017 13:05
  
  Mortgage applications increased last week thanks to a strong uptick in purchase demand. It’s important to note the data included an adjustment for the Memorial Day holiday. Meanwhile, mortgage rates managed to stay relatively low, according to the Mortgage Bankers Association’s latest Weekly Mortgage Applications Survey.
  
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• From this moment on, nothing will be the same in real estate - Inman.com

  07-06-2017 12:01
  
  From this moment on, nothing will be the same in real estate
  Inman.com
  When I'm on the road, I get up so early that finding an open coffee shop is challenging. The early bird gets the worm, but there's such a thing as being too early. Almost 20 years ago, I began working on an idea that turned into the company Homegain ...
  
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• HSBC officially completes obligations under the National Mortgage Settlement

  07-06-2017 06:01
  
  After a little more than a year, HSBC officially completed its obligations under the National Mortgage Settlement. This dates back to February 2016 when HSBC agreed to a $601 million settlement with a series of federal agencies and nearly every state over charges that the bank engaged in mortgage origination, servicing and foreclosure abuses.
  
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• Boomers Are Getting Stuck With a McMansion

  07-06-2017 00:00
  
  As younger buyers show a preference for smaller, more modern homes, older homeowners are finding there’s not a huge appetite anymore for...
  
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