Real estate news

• JPMorgan Chase and Finicity reach data-sharing agreement

  11-07-2017 23:54
  
  For the third time this year, Finicity announced that it reached a data-sharing agreement with a financial giant. Following in the footsteps of Experian and Wells Fargo, Finicity announced that it reached an agreement with JPMorgan Chase that will allow the bank’s customers to share their data with third-party financial apps without having to reveal their login credentials.
  
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• Some states implement student loan disclosures

  11-07-2017 23:28
  
  As student loans soar and continue to block first-time buyers from owning a home, some states took action to require more disclosure. Studies show keeping up with how much they owe in student loans is not college students’ strong suit, but keeping up with that could get easier in some states.
  
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• Consumer Financial Protection Bureau names new Advisory Board and Council Members

  11-07-2017 23:24
  
  The Consumer Financial Protection Bureau named new consumer experts from outside the federal government to its Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council and Academic Research Council. The advisory board and councils are designed to make sure the bureau hears from a wide array of perspectives in the consumer financial marketplace
  
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• Bayview Asset Management acquiring Pingora Holdings from Annaly Capital Management

  11-07-2017 23:19
  
  Annaly Capital Management and Bayview Asset Management announced Tuesday that the companies reached an agreement that will see Bayview acquire Pingora Holdings and its subsidiaries, Pingora Asset Management and Pingora Loan Servicing, from Annaly.
  
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• HUD bans Seckel Capital for falsifying FHA lending docs

  11-07-2017 22:36
  
  Pennsylvania-based mortgage lender Seckel Capital will no longer be allowed to originate or underwrite Federal Housing Administration mortgages after an investigation from the Department of Housing and Urban Development found that the company repeatedly lied to the FHA about its financials.
  
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• The Next Tech Companies You Need to Know

  11-07-2017 21:56
  
  NAR PULSE— Second Century Ventures, the strategic investment arm of the National Association of REALTORS®, recently announced its 2017 REach® class, featuring a roster of startups focused on security, process digitization, information transfer and more. The diverse companies in this year’s class are all focused on ways to help you and your agents take your business to the next level. Learn more about the REach® Class of 2017: Centriq, HouseCanary, immoviewer, Notarize, Oc
  
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• Global Rundown: A Look at Housing Overseas

  11-07-2017 21:52
  
  Housing in the U.S. and in markets abroad is categorically intertwined, with conditions globally mirroring those happening at home: climbing prices, dwindling stock, and an outpouring of demand.
  A series of reports recently released by Engel & Völkers highlight those similarities, as well as unique dynamics, of five international housing markets:
  Barcelona
  “Even though the level of construction has gone up, demand still significantly exceeds the availability of homes.”&ndash
  
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• Lil Wayne’s Miami Party Pad Has a Pool Full of Sharks

  11-07-2017 21:43
  
  Editor’s Note: This was originally published on RISMedia’s blog, Housecall. See what else is cookin’ now at blog.rismedia.com:Top 10 Plants for Designing a Water-Wise Landscape
  A Picture-Perfect Canvas in Vail Valley
  8 Ways to Make Your Backyard a Summer ParadiseBefore selling his Miami beach pad, rapper Lil Wayne was living that Tracy Jordan life:Image Credit: GIPHY
  Thanks to his very own shark shallows, every week was Shark Week.
  Wayne’s sh
  
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• Sen. Cotton moves to rescind new CFPB arbitration rule

  11-07-2017 21:28
  
  Just a day after the Consumer Financial Protection Bureau revealed its new rule to ban companies from using mandatory arbitration clauses, and Senator Tom Cotton, R-Ark., is already fighting to get it rescinded. "This morning I've started the process of rescinding this rule using the Congressional Review Act," said Cotton.
  
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• SURVEY RESULTS: 87% Say Instant Offers Signals Shift by Zillow to Become a Brokerage

  11-07-2017 21:03
  
  RISMedia to Release White Paper Investigating Industry ‘Disruptors’Thousands of real estate professionals have spoken, and the vast majority have concluded that Zillow Instant Offers represents a negative addition to the real estate market for consumers, and another step towards Zillow’s alleged attempt to disintermediate brokers and agents and go directly to homebuyers and sellers.
  According to an RISMedia Survey launched shortly after Zillow’s introduction of Instant O
  
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• AMC joins forces with lender member network

  11-07-2017 20:50
  
  An appraisal management company joined forces with a member network of about 112 lenders. Pendo explained the partnership will allow members to save money and take advantage of the company’s AMC services.
  
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• Trump set to tap Randal Quarles as the new "most powerful man in banking"

  11-07-2017 18:35
  
  The White House confirmed that President Donald Trump is set to finally nominate someone to the most powerful position in banking: Fed vice chair of supervision. So who is going to fill the role? Randal Quarles, an investment-fund manager and former Republican Treasury official.
  
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• Sindeo's savior revealed: Renren revives mortgage startup

  11-07-2017 18:28
  
  Three weeks ago, Sindeo, a San Francisco-based mortgage technology firm shockingly shut down without warning. But Monday, things took a decidedly unexpected turn, as the company’s website was back up and functioning as if nothing had happened. HousingWire can now confirm that Sindeo was acquired by one its investors – Renren, a social media network in China.
  
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• Homeowners get better at predicting home prices for first time in months

  11-07-2017 18:13
  
  Appraised home values increased in June, and homeowners’ expectations grew closer to appraised values for the first time in months. And as home prices increased across the U.S., the only region that didn’t show an increase in appraisal values from last month was the Northeast, where prices declined from last month.
  
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• Mortgage lending expected to disappoint as big banks gear up for earnings

  11-07-2017 17:29
  
  JPMorgan Chase, Citigroup and Wells Fargo are kicking off earnings season this year early Friday morning, ushering in a wave of financial companies. The three big banks typically give a preview of how the rest of the mortgage finance market will do. Spoiler alert: Mortgages are not expected to perform well.
  
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• CoreLogic: Loan performance shows improvement in April

  11-07-2017 16:38
  
  Loan performance improved in April even as home prices increased throughout the year. Mortgages in nearly all stages of delinquencies saw an improvement from April last year. CoreLogic’s chief economist explained the market continues to benefit from improved economic growth and home price increases.
  
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• What is causing considerable operational headaches in the mortgage sector? 

  11-07-2017 15:00
  
  [Commentary] I will be moderating a CMBA servicer panel promisingly entitled “Utilization of Technology in Mortgage Servicing” that will allow some of the experts in the industry to talk about the current industry environment and how technology helps them manage their business. Here's what we're going to cover and who will be on stage with me.
  
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• Real estate, banks slip in US markets - Philly.com

  11-07-2017 09:06
  
  Real estate, banks slip in US markets
  Philly.com
  Wall Street capped a mostly listless day of trading Monday with an uneven finish for U.S. stock indexes. Gains by technology and materials stocks were mostly outweighed by losses among real estate companies, banks, and other sectors. Macy's and other ...and more »
  
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• Is Jared Kushner Punishing Qatar Over a Soured Real-Estate Deal? - Vanity Fair

  11-07-2017 01:16
  
  Vanity Fair
  Is Jared Kushner Punishing Qatar Over a Soured Real-Estate Deal?
  Vanity Fair
  In 2007, at the ripe old age of 26, Jared Kushner made a big splash in the New York City real-estate industry when he bought 666 Fifth Avenue, for what was then a record-setting $1.8 billion. Kushner Companies, which Jared took over after his father ...
  While Jared Kushner advised Trump, his family's real-estate business sought Qatari investmentSTLtoday.com
  Jared Kushner Punishing Qatar Over 'Soured Real-es
  
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• California man charged with running $20 million real estate Ponzi scheme

  11-07-2017 00:26
  
  A California man stands accused of bilking investors out of $20 million by running a real estate Ponzi scheme. According to court documents, Seth Depiano operated a Ponzi scheme that attracted real estate investors and convince them to give to him and the businesses he controlled, which included The Rental Group, U.S. Funding and Home Services, and Draymond Homes, more than $20 million.
  
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• Title Resource Group reveals new national commercial title services division

  11-07-2017 00:21
  
  Title Resource Group, a full-service title and settlement services provider, and subsidiary of Realogy Holdings Corp., announced the completed formation of a national commercial title services division, TRG Commercial. At the same time, TRG acquired the assets of EAM Land Services, a title company in New York.
  
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