Real estate news

• Former Nomura RMBS trader found guilty of securities, wire fraud conspiracy

  15-06-2017 23:48
  
  Nearly two years ago, the SEC and the U.S. Attorney’s Office charged three former Nomura Securities residential mortgage-backed securities traders with fraud, alleging that they “repeatedly lied” to customers about the pricing information of mortgage bonds and defrauded customers out of millions of dollars. The three traders went on trial last month, and a jury handed down a verdict this week. All in all, only one was found guilty – and only on one charge.
  
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• Homebuilder Stocks To Watch And Housing Market & Real Estate News - Investor's Business Daily

  15-06-2017 23:28
  
  Investor's Business Daily
  Homebuilder Stocks To Watch And Housing Market & Real Estate News
  Investor's Business Daily
  The housing market is still recovering from the subprime mortgage crisis a decade ago. But housing activity is picking up, with builders such as Lennar (LEN), D.R. Horton (DHI), Pulte Homes (PHM) and Toll Bros. (TOL) taking advantage. Bookmark this ...
  
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• Wells Fargo guarantees all fake account customers will be fully compensated

  15-06-2017 22:47
  
  Wells Fargo is facing another potential scandal on its hands, as the bank stands accused of making unauthorized changes to the mortgages of borrowers in bankruptcy. But, the bank is a long way from being able to put its fake account scandal in the rearview mirror. Now, it looks like the bank's proposed $142 million fake account class action settlement may not be enough.
  
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• Consumer Engagement: What Really Works

  15-06-2017 22:34
  
  Brokers Reveal Which Tools and Strategies Yield Results at RISMedia Forum
  Building strong relationships with clients and prospects is priority one for any good real estate professional. But in today’s digital world, making real connections with consumers has become complicated and often elusive.
  This topic was explored in detail during RISMedia’s Power Broker Forum at the National Association of REALTORS® Legislative Meetings & Trade Expo in Washington, D.C. this past May. Co
  
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• NAR Power Broker Roundtable: The View From Mid-Year

  15-06-2017 22:21
  
  The National Association of REALTORS® (NAR) Power Broker Roundtable this month discusses the trajectory of the housing market so far this year, and what lies ahead for the remainder of 2017.
  Moderator:Robert Bailey, Broker/Owner, Bailey Properties, Santa Cruz, Calif.; Liaison for Large Residential Firms Relations, NAR
  Panelists:
  Rei Mesa, President/CEO, Berkshire Hathaway Home Services Florida Realty, Miami/Fort Lauderdale, Fla.
  Michael Zagaris, President/CEO, TMZ Real Estate, Modesto, Calif
  
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• FHA premiums, fair housing, appraisal requirements top list of industry concerns for HUD

  15-06-2017 22:20
  
  The current administration made reducing regulatory burdens a main priority early on, announcing an executive order on the issue shortly after President Donald Trump started his term. HUD and other government agencies invited public comments on the matter, and two of the biggest groups in housing offered up their thoughts on how HUD can improve.
  
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• LeadingRE Names Elizabeth Nunan Executive Vice President

  15-06-2017 22:18
  
  Leading Real Estate Companies of the World® (LeadingRE) has named Elizabeth D. Nunan, executive vice president, Member Services, the network recently announced. Nunan, a 25-plus-year veteran of the real estate industry, is responsible for managing membership services for the network. Nunan was previously vice president of Global Business Development for Houlihan Lawrence, a LeadingRE member.
  “Liz has been such a vital part of the LeadingRE community for so many years,” says Pam O
  
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• Austin-area real estate market sizzles with biggest month ever - CultureMap Austin

  15-06-2017 22:15
  
  CultureMap Austin
  Austin-area real estate market sizzles with biggest month ever
  CultureMap Austin
  May 2017 was the hottest month ever for Austin real estate. Photo courtesy of Kuper Sotheby's International Realty. Another record-breaking month of home sales is in the books for Austin and the surrounding area. In May 2017, Austin-Round Rock metro ...and more »
  
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• Fiserv moves to acquire London-based Monitise for $90 million

  15-06-2017 21:52
  
  Seeking to increase its digital banking capabilities, Fiserv announced that it reached an agreement to acquire Monitise, London-based provider of financial services technology, for $90 million in cash.
  
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• Real estate cycle isn't out of time yet, analysts say | Real Estate ... - Dallas News

  15-06-2017 20:22
  
  Dallas News
  Real estate cycle isn't out of time yet, analysts say | Real Estate ...
  Dallas News
  Builders and developers are all asking how much more time is on the clock.After more than five years of increasing commercial and residential...and more »
  
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• Here's the latest progress report on GSE non-performing loan sales

  15-06-2017 19:00
  
  Following their mandate, Fannie Mae and Freddie Mac continued to offload a number of severely aged delinquent loans and REO properties in 2016, transferring credit risk to the private sector. The latest report gives the latest progress on how the government-sponsored enterprises are executing this.
  
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• Ally Bank offers 0.125% interest rate discount to entice new mortgage customers

  15-06-2017 18:53
  
  Mortgage interest rates ticked up slightly in the last week, per the latest data from Freddie Mac, but for most of 2017, rates have trended down. But with rates still above where they were last summer, one lender is offering borrowers a discount on their interest rate to try to earn their mortgage business.
  
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• An up-and-coming Austin real estate company to watch - Austin Business Journal

  15-06-2017 18:42
  Austin Business Journal
  An up-and-coming Austin real estate company to watch
  Austin Business Journal
  Longbow Real Estate Group, a local boutique commercial real estate brokerage, has closed a spectrum of deals, which I reported in detail. Featured Jobs. Assistant Director. Hepatitis Education Project · Executive Director. Somerville-Cambridge Elder ...
  
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• Builder confidence waivers in June

  15-06-2017 18:28
  
  Builder confidence fell slightly in June from the downwardly revised confidence level in May. However, the National Association of Home Builders explained the level of confidence is still historically high, and reflects the gradually improving housing economy.
  
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• Dearth of inventory still the big issue in N.Va. real estate - Inside NoVA

  15-06-2017 18:05
  
  Inside NoVA
  Dearth of inventory still the big issue in N.Va. real estate
  Inside NoVA
  This home, located in the Ashton Heights neighborhood of Arlington, currently is on the market, listed at $1,525,000 by Chrissy O'Donnell of Re/Max by Invitation. prev. next. How to define the Northern Virginia real estate market in three words? How ...
  
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• Hollywood Reporter Boosts Real Estate, Politics Coverage With New Hires - Hollywood Reporter

  15-06-2017 18:01
  
  Hollywood Reporter
  Hollywood Reporter Boosts Real Estate, Politics Coverage With New Hires
  Hollywood Reporter
  Peter Kiefer is named real estate and city editor and Jeremy Barr joins as media and politics writer. The Hollywood Reporter has made two new additions to its award-winning roster of reporters and editors. Peter Kiefer will serve as real estate and ...and more »
  
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• Hey 50-percenters, there is no "appraiser shortage” so knock it off

  15-06-2017 18:00
  
  [Commentary] No one seems to understand the appraiser's role in the mortgage-lending process. Isn't it ironic appraisers, who are in the business of valuing assets by measuring the forces of supply and demand, are not allowed to participate in the free market system that is based on supply and demand? So, what is really going on in the appraisal world? Hint: There isn't a shortage.
  
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• Anbang Turmoil: The Chinese Insurer Was Still Buying Up Global Real Estate In May But That Could Be Over - Bisnow

  15-06-2017 17:53
  
  Bisnow
  Anbang Turmoil: The Chinese Insurer Was Still Buying Up Global Real Estate In May But That Could Be Over
  Bisnow
  Chinese insurer Anbang, whose chairman has stepped down amid reports he has been detained, was still a major buyer of global real estate as recently as last month. But now it may be facing a liquidity problem that will send it falling out of power ...and more »
  
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• OrangeGrid hires Barry Owens as VP of business development

  15-06-2017 17:51
  
  “With a wealth of experience on both sides of the client-vendor relationship, Barry developed a keen understanding of client needs and how to best leverage OrangeGrid’s highly configurable technology," said Todd Mobraten, CEO and founder at OrangeGrid.
  
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• China's Real Estate Mirage - New York Times

  15-06-2017 17:17
  New York Times
  China's Real Estate Mirage
  New York Times
  A view of residential buildings in Beijing's Tongzhou District in May. Credit Zhang Peng/LightRocket, via Getty Images. Beijing — When the Chinese government privatized housing in the 1990s, enriching a vast swath of the urban population, it was ...and more »
  
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• The Long View: Cadre and the dilemma of the secondary market - The Real Deal Magazine

  15-06-2017 17:15
  
  The Real Deal Magazine
  The Long View: Cadre and the dilemma of the secondary market
  The Real Deal Magazine
  Most Americans know Cadre as Jared Kushner's TRData LogoTINY startup, the investment he infamously failed to mention on his White House ethics disclosure form. But the political hullabaloo makes it easy to overlook that its actual business model is ...
  
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• Most Trump Real Estate Sold To Secretive Buyers, Report Says - Forbes

  15-06-2017 17:14
  
  Forbes
  Most Trump Real Estate Sold To Secretive Buyers, Report Says
  Forbes
  Since President Trump won the Republican nomination, the majority of his companies' real estate sales are to secretive shell companies that obscure the buyers' identities, according to a report in USA Today. The paper's months-long investigation found ...and more »
  
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• QE endgame: Fed readies sales of trillion-dollar bond portfolio

  15-06-2017 16:47
  
  The Federal Reserve continues to quietly unpack more of its plans to start to reduce the securities held on its balance sheet. Slowly expanding on its plans after the each of the most recent Federal Open Market Committee meetings, the Fed revealed after its June meeting that it will start selling off its trillion-dollar bond portfolio later this year, with an official start day still not locked in.
  
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• Latest Wells Fargo scandal emerges in mortgage department

  15-06-2017 16:35
  
  A new scandal may be emerging at Wells Fargo even before the flames burn out on the fake accounts scandal. While the bank denies the claims, lawsuits are popping up all over the U.S. The latest scandal claims the bank made unauthorized changes in the mortgage department. Click the headline to read more.
  
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• Jay Cutler's Lake Forest mansion is real estate site's most popular property - Chicago Tribune

  15-06-2017 16:08
  
  Chicago Tribune
  Jay Cutler's Lake Forest mansion is real estate site's most popular property
  Chicago Tribune
  The Jay Cutler era in Chicago officially ended this week with the veteran quarterback released and free agent Mike Glennon taking his place. After eight seasons and 104 starts, Cutler leaves holding just about every major franchise passing record. He ...
  
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• Freddie Mac: Mortgage rates increase for first time in weeks

  15-06-2017 16:07
  
  Mortgage rates increased for the first time in weeks, however that increase may not stick, according to Freddie Mac’s chief economist. If the recent drop in the Treasury yield sticks, next week could see interest rates dip right back down again.
  
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• Ambassador To U.S. Links Qatari Real Estate Investment To Terrorism - Forbes

  15-06-2017 15:44
  
  Forbes
  Ambassador To U.S. Links Qatari Real Estate Investment To Terrorism
  Forbes
  The ambassador of the UAE to the U.S. accused Qatar of using real estate investment to fund terrorism.and more »
  
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• Five Tips For Starting A Commercial Real Estate Brokerage Firm - Forbes

  15-06-2017 15:01
  
  Forbes
  Five Tips For Starting A Commercial Real Estate Brokerage Firm
  Forbes
  I started my first brokerage firm in 2005 after being a successful broker of apartment buildings for eight years. I currently own three real estate companies all related to multifamily properties (two brokerage, one technology). I wish someone had ...
  
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• Real estate-tech startup gets $8 million - Crain's Chicago Business (blog)

  15-06-2017 13:39
  
  Crain's Chicago Business (blog)
  Real estate-tech startup gets $8 million
  Crain's Chicago Business (blog)
  Anyone who's ever hawked an office building or storefront knows it's usually a low-tech affair, based on fliers. Although they're delivered electronically, the process of creating them is often manual. Buildout, a Chicago-based software firm that aims ...
  
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• Are you overlooking potential homebuyer segments?

  15-06-2017 07:00
  
  Mortgage lenders are having success using education programs and financing options to guide Millennial first-time homebuyers into homes. These tools can also help other potential buyers facing similar challenges.
  
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• Real estate scion Evan Sopher selling $3M bachelor pad - New York Post

  15-06-2017 04:51
  
  New York Post
  Real estate scion Evan Sopher selling $3M bachelor pad
  New York Post
  We hear that Evan Sopher, a principal in his family's New York- and Miami-based commercial real estate company, the Sopher Group, has listed his apartment at 445 Lafayette St. for $2.99 million. The two-bedroom, two-bathroom bachelor pad was designed ...
  
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• Real-estate investor gets 5-year prison term for $70 million Arizona land scheme - AZCentral.com

  15-06-2017 01:22
  
  AZCentral.com
  Real-estate investor gets 5-year prison term for $70 million Arizona land scheme
  AZCentral.com
  Stephen J. Hatch, 68, pled guilty to one felony count of fraud and was sentenced to five years in prison Friday; As part of the plea deal, prosecutors agreed not to charge his children; Hatch bought vacant land from Arizona real estate speculator ...
  
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• Senate Banking Committee advances HUD Deputy Secretary nominee Pam Patenaude

  15-06-2017 00:42
  
  Pam Patenaude is one step closer to being Housing and Urban Development Deputy Secretary, the right-hand position to HUD Secretary Ben Carson. The Senate Banking Committee advanced President Donald Trump’s nomination of Patenaude late Wednesday. Next stop, full Senate.
  
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• Zero-Down Loans Making a Comeback

  15-06-2017 00:00
  
  Buyers may be able to bring less to closing as lenders offer more low- and no-down payment options. Could this help put homeownership within reach...
  
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• Google Enters the Multifamily Market

  15-06-2017 00:00
  
  The tech giant is reportedly buying 300 apartment units from a modular-home startup in an effort to help defray the impact of Silicon Valley's...
  
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• Fed Votes to Raise Key Interest Rate Again

  15-06-2017 00:00
  
  On Wednesday, the Federal Reserve took a largely expected move to raise its key interest rate one-quarter percentage point. Find out what this...
  
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• Decor that Adds Value to Homes

  15-06-2017 00:00
  
  Here's a look at some top accessories and decor choices that are easy to snag and that just might help your clients reach that perfect selling...
  
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• 1031 Exchanges Under Threat?

  15-06-2017 00:00
  
  A major tax advantage for the commercial real estate industry may be one of the casualties in a sweeping federal tax reform expected this year....
  
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