Real estate news

• Another shocker: Sindeo is suddenly back in business

  10-07-2017 23:50
  
  Three weeks ago, San Francisco-based mortgage technology firm Sindeo shocked the mortgage business when it closed down without warning, and seemingly without explanation. Now, in an equally shocking and unexpected move, Sindeo appears to be back in business, as if nothing happened. Click the headline to read more.
  
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• CFPB bans mandatory arbitration clauses, allows class action against banks

  10-07-2017 23:26
  
  The Consumer Financial Protection Bureau revealed its new rule to ban companies from using mandatory arbitration clauses, allowing consumers to participate in class action lawsuits. The new rule mainly pertains to consumer financial products like credit cards and bank accounts that have arbitration clauses in their contracts that prevent consumers from joining together to sue their bank or financial company for wrongdoing. But not everyone is on board with the new rule.
  
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• Facebook, Google building affordable housing in Silicon Valley

  10-07-2017 22:36
  
  Two tech giants are in the midst of building their own affordable housing complexes in Silicon Valley. Facebook and Google employees will soon host more housing opportunities, but Facebook is also opening its doors to the community at large.
  
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• CFPB Finalizes ‘Know Before You Owe’ Updates

  10-07-2017 22:09
  
  The Consumer Financial Protection Bureau (CFPB) recently finalized updates to the TILA-RESPA Integrated Disclosure rule (TRID), or “Know Before You Owe,” including clarifying the sharing of the Closing Disclosure (CD) with third parties—a concern for many in the housing industry since the rule’s implementation in October 2015.
  “The Bureau understands that it is usual, accepted, and appropriate for creditors and settlement agents to provide a Closing Disclosure to co
  
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• Barbara Baker: A Culture of Support

  10-07-2017 22:07
  
  In 1975, Barbara Baker was raising small children, and, like many in her position, wanted a career that allowed her to work the hours she wanted in order to also be fulfilled as a wife and mother. Real estate was the perfect solution.
  Not that the idea came out of the blue. Baker had long had an interest in homes, beginning when she came over to the U.S. as a 13-year-old immigrant from Germany.
  “The fact that you can make a difference in someone’s life was really important to me,&rdq
  
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• Hi, My Name Is…Owner of a Valuable Home

  10-07-2017 22:05
  
  Editor’s Note: This was originally published on RISMedia’s blog, Housecall. See what else is cookin’ now at blog.rismedia.com:Modifying Your House for Disabled Accessibility Without Compromising Home Value
  Lil Wayne’s Miami Party Pad Has a Pool Full of Sharks
  Top 10 Plants for Designing a Water-Wise Landscape
  Call it a household name.
  A new analysis from Zillow finds a home owned by a person named Alison or Stuart is likely to be worth roughly two-thirds more th
  
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• RealtyTrac Twitter account mistakenly posts wildly NSFW tweet

  10-07-2017 20:40
  
  Outside of the occasional retweet of a news article that uses its data, RealtyTrac’s Twitter feed is fairly basic. The account tends to tweet once every 12 hours, posting at 6:45am Eastern and 6:45pm Eastern, every day. As per usual, RealtyTrac’s Monday morning tweet included a link to the latest RealtyTrac Daily, but Monday’s edition featured a wildly NSFW (not safe for work) image and link to an equally NSFW adult entertainment website.
  
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• Average FICO score reaches 700 for first time ever

  10-07-2017 20:34
  
  The average FICO score reached an all-time high, hitting 700 for the first time ever. And scores are expected to continue climbing even as mortgage lenders prepare to ease credit standards over the next few months.
  
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• There's only one year left in CFPB Director Cordray's term...will he make it?

  10-07-2017 20:00
  
  There is only one year left in Consumer Financial Protection Bureau Director Richard Cordray’s term at the helm of the No. 1 consumer watchdog agency. But this still leaves 365 days for someone, or some event, to oust him from the position. Do you think he will make it? Here are the key situations at play that could put a major roadblock in Cordray serving his full term.
  
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• Wells Fargo $142 million fake account settlement nears final approval

  10-07-2017 19:00
  
  Wells Fargo customers who were affected by the bank’s fake account scandal are one step closer to receiving their share a proposed $142 million settlement, after the judge overseeing the class action lawsuit granted preliminary approval to the settlement.
  
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• JPMorgan sues NCUA for allegedly breaching a mortgage settlement

  10-07-2017 18:09
  
  Long Beach Securities Corp., a subsidiary of JPMorgan Chase, filed a lawsuit last week against the National Credit Union Administration for allegedly breaching a $1.4 billion settlement agreement. The previous settlement relates to toxic residential mortgage-backed securities.
  
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• HUD tenants rally against proposed budget cuts

  10-07-2017 17:29
  
  The U.S. Department of Housing and Urban Development could be seeing come cuts to its budget if President Donald Trump’s budget is approved. However, tenants, homeowners and activists gathered throughout the U.S. to oppose the cuts and encourage their members of congress to vote against the budget.
  
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• Commercial Real Estate & Construction: Women in Real Estate - Columbus CEO

  10-07-2017 16:42
  
  Columbus CEO
  Commercial Real Estate & Construction: Women in Real Estate
  Columbus CEO
  Columbus architect Monica Wangler had long enjoyed designing buildings, beginning with creating homes as a child in a home with STEM career parents. “I would draw layouts of dream homes,” Wangler recalls. “I can't remember ever wanting to do anything ...
  
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• Learning from Past Mistakes: Avoiding the Next Real Estate Bubble - National Real Estate Investor

  10-07-2017 16:04
  
  National Real Estate Investor
  Learning from Past Mistakes: Avoiding the Next Real Estate Bubble
  National Real Estate Investor
  While at first blush immediate expensing appears to be a huge tax break, the honeymoon period would end with a crash when the write-off period ended. Stephen M. Breitstone | Jul 10, 2017. The time may be right for comprehensive tax reform. However ...
  
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• Why Technology Adoption Is Key To Transforming Real Estate - Forbes

  10-07-2017 15:00
  
  Forbes
  Why Technology Adoption Is Key To Transforming Real Estate
  Forbes
  The real estate industry is not well-known for technology adoption. For too many years, the 2 million real estate agents in the U.S. have relied on a disparate set of more than 250 third-party technology tools — none of which are integrated, creating ...
  
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• Cool Offices: Local real estate company's new Logan Square home - Philadelphia Business Journal

  10-07-2017 13:56
  Philadelphia Business Journal
  Cool Offices: Local real estate company's new Logan Square home
  Philadelphia Business Journal
  One of Two Logan Square's newest tenants is Tactix Real Estate Advisors, a commercial real estate brokerage firm whose clients consist solely of tenants and other end users of real estate. Sponsored by ...
  
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• Real Estate Check-Out Time in China - Bloomberg

  10-07-2017 13:32
  
  Bloomberg
  Real Estate Check-Out Time in China
  Bloomberg
  China's second-richest man is going asset-lite, offloading some of his real estate holdings. Perhaps you should too. Sunac China Holdings Ltd. agreed Monday to buy hotels, land and projects from Dalian Wanda Group Co., the sprawling conglomerate ...
  Chinese real estate industry is set for an insane level of consolidationThe Real Deal Magazineall 56 news articles »
  
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• BRIEF-Kuwait Real Estate Holding H1 profit rises - Reuters

  10-07-2017 13:18
  
  BRIEF-Kuwait Real Estate Holding H1 profit rises
  Reuters
  Reuters is the news and media division of Thomson Reuters. Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news ...and more »
  
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• Black's money: A bizarre co-working scheme and the global rise of online real estate fraud - The Real Deal Magazine

  10-07-2017 13:01
  
  The Real Deal Magazine
  Black's money: A bizarre co-working scheme and the global rise of online real estate fraud
  The Real Deal Magazine
  TRD Special Report: Cindy used to dream of barging through the front door of Bar Works West Village, TV crew in tow. She would stride past the bar up to the managing director, a barrel-chested man whom she only knows from online videos, and bombard ...
  
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• Study: Kentucky Loses Real Estate Jobs Under Senate Health Bill - 89.3 WFPL

  10-07-2017 13:00
  
  89.3 WFPL
  Study: Kentucky Loses Real Estate Jobs Under Senate Health Bill
  89.3 WFPL
  A new report finds more than 32000 jobs could be lost in Kentucky by 2026 if the U.S. Senate passes its version of a health care bill.and more »
  
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• Village Real Estate buys Nations property for adaptive reuse office project - The Tennessean

  10-07-2017 12:59
  The Tennessean
  Village Real Estate buys Nations property for adaptive reuse office project
  The Tennessean
  Village Real Estate Services has paid $1.26 million for a service garage in The Nations with plans for adaptive reuse of that building as office space for the real estate agency. Under the deal, the current occupant, auto interior repair shop ...
  
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• 57 questions every struggling real estate agent should be asking - Inman.com

  10-07-2017 10:32
  
  57 questions every struggling real estate agent should be asking
  Inman.com
  A long time ago, I heard my father say that most people are too busy working to have time to think about how to make money. You know how, as teens, we thought our parents were totally out of touch with reality? Then, as we grew, we realized that our ...
  
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• European Stocks Climb in Broad Rally Paced by Real Estate, Banks - Bloomberg

  10-07-2017 10:12
  
  Bloomberg
  European Stocks Climb in Broad Rally Paced by Real Estate, Banks
  Bloomberg
  European stocks advanced in a broad rally as robust Chinese inflation data added to investor optimism over gains in U.S. jobs. The Stoxx Europe 600 Index rose 0.2 percent at 8:29 a.m. in London. Lenders, real estate and energy companies were among the ...and more »
  
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• Walkabout: Upper Lawrenceville home an example of real estate craziness - Pittsburgh Post-Gazette

  10-07-2017 07:13
  
  Pittsburgh Post-Gazette
  Walkabout: Upper Lawrenceville home an example of real estate craziness
  Pittsburgh Post-Gazette
  Five years ago, the fervor for housing in Lawrenceville had already crossed 52nd Street into Upper Lawrenceville — the 10th Ward — where houses could still be had for less than $50,000. Much less in some cases, and with good reason. In the early ...
  
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• Charleston-area commercial real estate sales - Charleston Post Courier

  10-07-2017 06:03
  
  Charleston-area commercial real estate sales
  Charleston Post Courier
  Brent Case and Aaron Rowley of Coldwell Banker Commercial Atlantic represented Prescott Way LLC in its $595,000 purchase of a 2.1-acre commercial lot at 101 Prescott Way. Will Sherrod of Lee & Associates represented the seller, Persimmon Hill ...
  
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• Monday Morning Cup of Coffee: Black Knight projects record-high home equity

  10-07-2017 06:01
  
  Black Knight’s latest Mortgage Monitor report finds that rising home prices have both decreased the number of borrowers underwater on their mortgages while increasing the amount of equity available to homeowners. In fact, home equity could hit a record high this summer. Plus, a mixed-use development on a landfill? Check out the article to learn more.
  
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• Real estate internet scams: know the warning signs - Lansing State Journal

  10-07-2017 00:15
  
  Lansing State Journal
  Real estate internet scams: know the warning signs
  Lansing State Journal
  In today's tech savvy world so much information is available at our fingertips, and while this can be a good thing, it also leaves consumers open to internet scams. Online fraud can happen in any industry, including real estate, and it's important to ...
  
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• Study: Using PowerPoint May Cost You Clients

  10-07-2017 00:00
  
  PowerPoint fails to increase your audience’s understanding of the information you provide or improve how others perceive you, Harvard...
  
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• Seller Optimism Reaches a Record High

  10-07-2017 00:00
  
  While the market for sellers looks good, buyers are facing a potential uphill battle to purchase a home, according to the latest Fannie Mae survey...
  
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• CFPB: Agents Can Receive Closing Disclosure

  10-07-2017 00:00
  
  The move reinstates the customary procedure for lenders to provide such documents to real estate professionals, which they often use to advise...
  
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• Best Places to Score a Lakefront Property

  10-07-2017 00:00
  
  Buyers on the hunt for a home in a lakeside town will see the biggest price appreciation in these cities.
  
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• Aspects of a Home Buyers Shouldn’t Overlook

  10-07-2017 00:00
  
  After moving in, buyers will discover a lot about their new home—but they may wish they had paid closer attention to some items before...
  
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• Agent Turns Open House Into a Circus

  10-07-2017 00:00
  
  Watch as a real estate agent in Australia throws a Cirque du Soleil-themed party at his listing, drawing 120 people and several offers for well...
  
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