Real estate news

• Novantas names Steve Wiggins director of finance, treasury and risk

  20-07-2017 23:42
  
  Novantas announced Steve Wiggins joined the company as a director of finance, treasury and risk. He will oversee the expansion of the company’s credit risk analytics capabilities.
  
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• Blackstone profit up on real estate, buyouts - Finance and Commerce

  20-07-2017 23:25
  
  Finance and Commerce
  Blackstone profit up on real estate, buyouts
  Finance and Commerce
  Blackstone Group LP rode a widespread market advance in the second quarter, earning 36 percent more than a year earlier. The results fell short of analysts' estimates as a downturn in energy prices hit private equity holdings. While the asset manager's ...and more »
  
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• Carson says HUD will “reinterpret” Obama fair housing rule after Republicans ask for repeal

  20-07-2017 23:23
  
  Department of Housing and Urban Development Secretary Ben Carson said in an interview this week that HUD will look to “reinterpret” a controversial fair housing rule issued by the Obama administration in 2015. Carson’s statement comes just days after nearly 20 Congressional Republicans asked Carson to repeal the Affirmatively Furthering Fair Housing rule entirely.
  
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• Black Knight net income tumbles 43% in second quarter

  20-07-2017 23:21
  
  Black Knight reported a drop of 43% in its net earnings, and earnings per diluted share were nearly cut in half. However, the company still saw an increase of 3% in its revenues, and the company CEO explained the fundamentals of the business remain strong.
  
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• Arizona real estate firm grabs Texas brokerage, expands into Arcadia, Biltmore - Phoenix Business Journal

  20-07-2017 23:06
  Phoenix Business Journal
  Arizona real estate firm grabs Texas brokerage, expands into Arcadia, Biltmore
  Phoenix Business Journal
  Scottsdale-based Clayton Nash Real Estate is making its push into Texas and has also recently bought a Phoenix firm. Clayton Nash has bought the Houston division of real estate brokerage Home Team of America. Peter Lupus Enlarge. Peter Lupus. CN.
  
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• Top D-FW commercial real estate deals for the week of July 20 - Dallas News

  20-07-2017 22:46
  
  Dallas News
  Top D-FW commercial real estate deals for the week of July 20
  Dallas News
  American Realty Investors Ltd. purchased a 30,400-square-foot medical office building located at the intersection of Carroll Avenue and State Highway 114 in Southlake. The building is fully leased to tenants including North Country Family Practice, ...
  
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• Private firms are now buying foreclosures in record numbers

  20-07-2017 22:41
  
  Foreclosures continue to fall, plummeting 20% in the first half of 2017. ATTOM Data Solutions explained foreclosures are becoming unicorns of the housing market: hard to find and highly sought after. In fact, more third-party buyers than ever are buying foreclosures from public auctions.
  
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• Nothnagle Realtors and RealtyUSA Transition to Howard Hanna Brand Following Mergers

  20-07-2017 22:04
  Nothnagle Realtors and RealtyUSA have changed their names to Howard Hanna Real Estate Services following mergers with the company, Howard Hanna recently announced. Howard Hanna branding is now on the companies’ advertising, marketing materials and signage, as well as on the companies’ websites, which redirect to HowardHanna.com.
  The decision of the three family-owned and -operated companies to partner together, Nothnagle in 2015 and RealtyUSA in 2016, has produced a company with more
  
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• Mortgage Rates Retreat After Two-Week Rise

  20-07-2017 22:03
  Mortgage rates are retreating after two weeks of upward momentum, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The 30-year, fixed rate, on average, is 3.96 percent, down from 4.03 percent the week prior, and the 15-year, fixed rate, on average, is 3.23 percent, down from 3.29 percent the week prior. The 5-year, Treasury-indexed hybrid adjustable rate, on average, is 3.21 percent, down from 3.28 percent the week prior.
  “Continued econom
  
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• Tapping Into the Luxury Market

  20-07-2017 22:02
  In the following interview, Dianne Pereira, REALTOR® with Bailey Properties in Santa Cruz, Calif., discusses marketing, peer coaching and more.Region Served: Santa Cruz County, Calif.
  Years in Real Estate: 16
  Number of Offices: 4 sales offices, 1 rental office
  Number of Agents: 125
  Best Tip for Dealing With Difficult Clients: Listen. Clients need to know they’re being listened to, not just heard.
  Best Time Management Tip: Prioritize using daily, weekly and monthly schedule reviews. It&
  
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• House Republicans move to repeal new CFPB arbitration rule

  20-07-2017 21:17
  
  In the wake of the Consumer Financial Protection Bureau unveiling a new rule to ban companies from using mandatory arbitration clauses, Sen. Tom Cotton, R-Ark., immediately announced that he was launching an effort in the Senate to rescind the rule, stating that the CFPB has “gone rogue again” and is “abusing its power.” Now, Republicans in the House of Representatives are joining their Senate colleagues in moving to repeal the CFPB’s controversial rule.
  
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• S.I. man busted in $1M real estate scheme targeting the elderly - NY ... - New York Daily News

  20-07-2017 20:50
  
  New York Daily News
  S.I. man busted in $1M real estate scheme targeting the elderly - NY ...
  New York Daily News
  A Staten Island man cooked up a real estate scam that fleeced victims out of over $1 million, according to Brooklyn federal prosecutors.
  Staten Islander allegedly used real estate scam to bilk elderly out of ...SILive.comall 2 news articles »
  
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• Staten Island man busted for conning elderly investors out of over $1M in real estate scheme - New York Daily News

  20-07-2017 20:47
  
  New York Daily News
  Staten Island man busted for conning elderly investors out of over $1M in real estate scheme
  New York Daily News
  A Staten Island man cooked up a real estate scam that fleeced elderly victims out of more than $1 million, according to Brooklyn federal prosecutors. Yevgeniy Braziler is suspected of hawking partnerships in companies that purported to fix up and flip ...
  Staten Islander allegedly used real estate scam to bilk elderly out of $1.8MSILive.comall 2 news articles
  
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• Stamford real-estate firm acquires Florida residential property - The Advocate

  20-07-2017 20:46
  
  The Advocate
  Stamford real-estate firm acquires Florida residential property
  The Advocate
  Waypoint Residential relocated its Stamford offices in July 2017 from 2200 Atlantic St., to this building at 9 W. Broad St., on the edge of the city's downtown. Waypoint Residential relocated its Stamford offices in July 2017 from 2200 Atlantic St., to ...and more »
  
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• Vote Now: Reston's Best Real Estate Agent - Reston Now

  20-07-2017 20:45
  
  Reston Now
  Vote Now: Reston's Best Real Estate Agent
  Reston Now
  Today, we open the voting for our 2017 Best Reston Business award in the Best Real Estate Agent category. This poll will be open through 5 p.m. Thursday, July 27. After that, the top two vote-getters will advance to final voting, which will take place ...
  
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• Small lenders to Congress: Here’s the GSE reform we don’t want to see

  20-07-2017 20:30
  
  The Senate Banking Committee on Thursday held a hearing entitled Housing Finance Reform: Maintaining Access for Small Lenders. During the hearing, lenders urged Congress to enact new legislative reform, but cautioned them against pitfalls which would hurt small and mid-sized lenders. In short, here’s the kind of reform they don’t want to see.
  
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• How Real Estate Helped The Celtics Sign Gordon Hayward - Bisnow

  20-07-2017 20:22
  
  Bisnow
  How Real Estate Helped The Celtics Sign Gordon Hayward
  Bisnow
  The leaders of Boston's four sports franchises agree: better facilities and local collaboration is pivotal in recruiting players, growing fan bases and maintaining the city's winning reputation. How Real Estate Helped The Celtics Sign Gordon Hayward.and more »
  
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• Robert Mueller is investigating everyone - The Real Deal Magazine

  20-07-2017 19:35
  
  The Real Deal Magazine
  Robert Mueller is investigating everyone
  The Real Deal Magazine
  In an Wednesday interview with the New York Times, President Trump said that if special counsel Robert Muller started probing Trump's personal business dealings in his ongoing investigation of Russian interference in last year's presidential election, ...and more »
  
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• Trump talks Dodd-Frank: We’re going to cut regulations tremendously

  20-07-2017 19:12
  
  In an expansive, wide-ranging interview with the New York Times, President Donald Trump stated that he would not have selected Jeff Sessions to serve as attorney general if he knew that Sessions would recuse himself from the investigation into Trump's suspected ties to Russia. And while that proclamation seems to be grabbing all the headlines, Trump also discussed a number of other issues, including his administration's push to roll back Dodd-Frank and the administration's efforts to cut regulat
  
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• Data plays a bigger role in the shrinking distressed market

  20-07-2017 19:00
  
  Both GSEs still have plenty of legacy NPL and RPL on their books, as do large banks, particularly those with footprints in judicial states. That results in relatively large deals hitting the market: often portfolios of tens of thousands of loans, with unpaid balances of $1 billion to $3 billion. Smaller trades have also remained steady as reperformers get sold and regional banks and other investors manage their balance sheets. And there is still plenty of demand.
  
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• Should real estate agents agree to host FSBO open houses? - Inman.com

  20-07-2017 18:02
  
  Should real estate agents agree to host FSBO open houses?
  Inman.com
  Selling privately can be tempting for entrepreneurial sellers who believe it takes little effort to offload their rapidly appreciating home, and FSBO sales are perhaps even more tempting in these low inventory conditions, with homes flying off the ...
  
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• Six-month anniversary: Will HUD implement FHA mortgage insurance premium cut?

  20-07-2017 17:55
  
  Today marks the six-month anniversary not only of President Donald Trump’s inauguration, but also of his administration’s first order of business – the suspension of the FHA mortgage insurance premium cut. Earlier this year, HUD Secretary Ben Carson said his team needed time to review the cut. Now, six months later, members of Congress are pressing Carson for an answer.
  
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• Creepy Texas shed features photos of female real estate agents - Chron.com

  20-07-2017 17:49
  
  Chron.com
  Creepy Texas shed features photos of female real estate agents
  Chron.com
  Tommy Simons had never seen something so unnerving in his 10 years working as a real estate agent in Abilene. About a month ago, Simons took a listing on East North 13th street to sell a home recently vacated by renters. When he walked to the backyard, ...
  
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• Ocwen to pay $49 million to settle class action lawsuit over restated financials

  20-07-2017 17:23
  
  Ocwen Financial will pay at least $49 million to settle a class action lawsuit over the nonbank restating its 2013 and 2014 earnings after its auditor found a potential “material weakness” in the way it valued and recorded a financial transaction. The issue previously led to Ocwen paying a $2 million fine to the SEC after an investigation found that the company misstated it financials on several occasions.
  
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• Inland Real Estate Acquisitions purchases Texas shopping center - Chicago Daily Herald

  20-07-2017 17:19
  Inland Real Estate Acquisitions purchases Texas shopping center
  Chicago Daily Herald
  OAK BROOK Inland Real Estate Acquisitions has negotiated and helped close the purchase of Denton Village, a 46,300-square-foot shopping center in Denton, Texas,. Located approximately 40 miles north of Dallas, the shopping center was build in 2016 ...and more »
  
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• 10 Must Reads for the Commercial Real Estate Industry Today (July 20, 2017) - National Real Estate Investor

  20-07-2017 17:02
  
  National Real Estate Investor
  10 Must Reads for the Commercial Real Estate Industry Today (July 20, 2017)
  National Real Estate Investor
  Forbes claims investing in REITs is a better alternative to direct investment in property. Companies should be offering their employees help with housing as a retention incentive, according to CNBC. These are among today's must reads from around the ...
  
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• Second-quarter sales reports: Palm Beach real estate action brightened - Palm Beach Daily News

  20-07-2017 16:45
  
  Palm Beach Daily News
  Second-quarter sales reports: Palm Beach real estate action brightened
  Palm Beach Daily News
  Palm Beach real estate agencies this week released second-quarter sales reports, which generally showed that single-family sales and prices were up in a year-over-year comparison. Photo by Brian Lee, courtesy WoollyMammothPhoto.com. Posted: 10:41 ...and more »
  
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• Freddie Mac: Economic uncertainty pushes mortgage rates lower

  20-07-2017 16:01
  
  After an increase in economic uncertainty and week inflation numbers, mortgage rates fell below the 4% mark once again. The 30-year mortgage rate followed the drop in the Treasury yield as it fell seven basis points this week.
  
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• Second Story Real Estate Management Connects Property And People - The Chattanoogan

  20-07-2017 15:59
  
  Second Story Real Estate Management Connects Property And People
  The Chattanoogan
  With a booming real estate market creating dozens of new commercial properties, apartments and building restorations in Chattanooga, entrepreneur and president of Lamp Post Properties, Tiffanie Robinson, saw a need for a full-service commercial real ...
  
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• Crash ahoy! London real-estate prices stagnate / Boing Boing - Boing Boing

  20-07-2017 15:48
  
  Boing Boing
  Crash ahoy! London real-estate prices stagnate / Boing Boing
  Boing Boing
  In a world of expensive urbanization where the spiraling cost of basic shelter has forced ever-more people into debt and fuelled a speculative global bubble of ...and more »
  
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• Crash ahoy! London real-estate prices stagnate - Boing Boing

  20-07-2017 15:48
  
  Boing Boing
  Crash ahoy! London real-estate prices stagnate
  Boing Boing
  In a world of expensive urbanization where the spiraling cost of basic shelter has forced ever-more people into debt and fuelled a speculative global bubble of criminal money-launderers who use luxury housing as empty safe-deposit boxes in the sky ...and more »
  
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• NAFTA And Brexit Will Reshape Logistics Real Estate - Forbes

  20-07-2017 15:31
  
  NAFTA And Brexit Will Reshape Logistics Real Estate
  Forbes
  Sparrows Point in Baltimore is the debate about globalization rendered in steel, concrete and contaminated dirt. And it highlights the way politics around issues like the renegotiation of NAFTA and the final terms of Brexit affect real estate, in ...and more »
  
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• Chinese billionaire battles talk of trouble at real estate empire - NBC2 News

  20-07-2017 15:26
  
  Variety
  Chinese billionaire battles talk of trouble at real estate empire
  NBC2 News
  HONG KONG (CNNMoney) -- Chinese billionaire Wang Jianlin is fighting back against talk that his sprawling business empire is in trouble. Wang's Dalian Wanda Group is one of China's biggest conglomerates, with several international acquisitions under ...
  China Pulls Rug Out From Under Wanda as It Plans Restructuring Ahead of IPOVarietyall 102 news articles »
  
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• Artist Turns Real Estate Promos Into Anti-Gentrification Message - Next City

  20-07-2017 15:24
  
  Next City
  Artist Turns Real Estate Promos Into Anti-Gentrification Message
  Next City
  Real estate promotional materials juxtaposed with images of dilapidated houses are the basis of an upcoming art exhibit in Charlotte, North Carolina, where gentrification threatens to displace members of the city's oldest historic black community.
  
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• MGIC revenues fall slightly in Q2 2017

  20-07-2017 15:01
  
  Mortgage Guaranty Insurance Corp. reported a slight drop in its revenues, however its net income and diluted earnings per share increased. The company CEO explained that during the second quarter, the majority of MGIC’s 2% convertible senior notes due in 2020 were converted to shares of common stock in the second quarter and the remainder were redeemed.
  
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• No one in Pa. should need a real estate license to list on AirBnB: Opinion - PennLive.com

  20-07-2017 14:36
  
  PennLive.com
  No one in Pa. should need a real estate license to list on AirBnB: Opinion
  PennLive.com
  It's vacation season, and we're swimming in new ways to find a summer getaway. The rise of platforms like AirBnB and others, which allow homeowners to post and market their vacation homes online, has made it easier than ever for vacationers to find ...and more »
  
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• Blackstone Profit Rises as Market Buoys Real Estate, Buyouts - Bloomberg

  20-07-2017 14:24
  
  Blackstone Profit Rises as Market Buoys Real Estate, Buyouts
  Bloomberg
  Blackstone Group LP rode a widespread market advance in the second quarter, earning 36 percent more than a year earlier. The results fell short of analysts' estimates as a downturn in energy prices hit private equity holdings. While the asset manager's ...and more »
  
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• The Insurance Companies That Are Financing Real Estate In New York, Chicago And Boston - Forbes

  20-07-2017 14:05
  
  Forbes
  The Insurance Companies That Are Financing Real Estate In New York, Chicago And Boston
  Forbes
  A luxury apartment complex in Boston's upscale South End neighborhood. Amazon's midtown Manhattan headquarters and distribution center across from the Empire State Building. A 30-story class A office tower at 123 North Wacker Dr. in Chicago's West ...
  
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• Vineland property sells for $465K | South Jersey real estate - NJ.com

  20-07-2017 13:33
  
  NJ.com
  Vineland property sells for $465K | South Jersey real estate
  NJ.com
  ALLOWAY TWP. -- 70 Spillway Dr., Beverly Peurifoy and Jill Dunlap, co-executors, to Thomas Boehlert for $38,000. -- 312 Telegraph Road, Nathan Hiles and Tracy Flitcraft to Scioto Properties S-16 LLC for $295,000. BRIDGETON. -- 84 Belmont Ave.
  
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• Chinese investors set new record buying US real estate - RT

  20-07-2017 12:31
  
  RT
  Chinese investors set new record buying US real estate
  RT
  A record $31.7 billion was spent by the Chinese on US residential real estate in 2016, keeping their leading position regarding dollar sales for the fourth consecutive year, according to the National Association of Realtors (NAR). The figure was more ...
  Canadians Are Taking Over US Real Estate At Record SpeedHuffington Post Canada
  Foreign Buyers Of US Real Estate Reach Record Levels (IYR)ETF Daily News (blog)all 9 news articles 
  
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• Native of Iran finds success in US real estate business - SILive.com

  20-07-2017 12:15
  
  SILive.com
  Native of Iran finds success in US real estate business
  SILive.com
  At first, the Alishahis went to Beirut, Lebanon, until a civil war broke out there. "It took us three months to get out of Lebanon. My brother and I went back to Tehran, and stayed there for six months," recalled Alishahi. But since Iran wasn't deemed ...
  
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• How to grow a real estate YouTube audience in 5 easy steps - Inman.com

  20-07-2017 12:14
  
  How to grow a real estate YouTube audience in 5 easy steps
  Inman.com
  Many real estate agents are seeing tremendous value gained by implementing video in their business. Much of that "video following" revolves around having an active YouTube channel, which makes sense as this medium of communication reaches more ...and more »
  
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• How to beat big real estate teams and win listings as a solo agent - Inman.com

  20-07-2017 12:14
  
  Inman.com
  How to beat big real estate teams and win listings as a solo agent
  Inman.com
  Emphasize your ability to sell homes faster and for more money than the average agent. The real estate event of the summer. Connect with other top producing agents at Connect SF, Aug 7-11, 2017. Learn More. Want to win listings more often but aren't ...
  
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• Are you working hard for your real estate client — or just looking busy? - Inman.com

  20-07-2017 12:14
  
  Are you working hard for your real estate client — or just looking busy?
  Inman.com
  Most days, the work I do to earn a living doesn't seem like work. I spend time driving, walking, writing and on social media. I meet with people; I tour houses with and without clients. I have lunch or coffee with people I enjoy spending time with and ...
  
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• 8 skills real estate agents need to reassess to stay on top of their game - Inman.com

  20-07-2017 12:14
  
  8 skills real estate agents need to reassess to stay on top of their game
  Inman.com
  Agents need to let go of outdated skills and refine those that are timeless and relevant. The real estate event of the summer. Connect with other top producing agents at Connect SF, Aug 7-11, 2017. Learn More. Disruptors are everywhere. Machine ...
  
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• TransUnion: December rate hike prevented 1 million Americans from paying their mortgage

  20-07-2017 11:00
  
  After the Federal Reserve raised interest rates in December, TransUnion conducted a study showing more than 10 million Americans would be unable to absorb the increase to their mortgage payment. However, further studies showed only 1 million of them struggled to meet their payments after the rate hike.
  
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• Housing And Real Estate News 7-19-2017 (Video) - Seeking Alpha

  20-07-2017 06:59
  
  Seeking Alpha
  Housing And Real Estate News 7-19-2017 (Video)
  Seeking Alpha
  We discuss the Housing Market Index, the Mortgage Applications Data, plus Housing Starts and Housing Permits Data along with a report from the National Association of Realtors in this video. The San Francisco Real Estate Bubble probably bursts the same ...and more »
  
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• 5 Celebrities That Have Lost Big in Real Estate Like Golden State Warriors Star Steph Curry - TheStreet.com

  20-07-2017 02:17
  
  TheStreet.com
  5 Celebrities That Have Lost Big in Real Estate Like Golden State Warriors Star Steph Curry
  TheStreet.com
  Golden State Warriors star Steph Curry is making headlines, although not for his skills on the court. Curry and his wife have reportedly lost big bucks in one of the strongest real estate markets out there. In late 2015 the Curry's paid $3.2 million ...
  
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• Brazen leader of massive mortgage modification scheme gets 20 years

  20-07-2017 00:25
  
  Three California residents will spend a combined 39 years in prison after being convicted for their roles in a nationwide, multi-year mortgage modification fraud scheme that scammed thousands of distressed borrowers out of at least $11 million. The scheme’s ringleader used much of the money taken from distressed borrowers to lead an extravagant lifestyle, which included purchasing expensive vehicles, a racehorse, and producing a reality TV show.
  
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