Real estate news

• Fannie Mae: Home prices surpass housing boom peak

  03-08-2017 23:23
  Home prices hit a new high in the second quarter of 2017, surpassing the previous 2006 peak. Fannie Mae released data showing the home price growth across the U.S. and the top state is up 53.7% from its 2006 peak.
  
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• CoreLogic acquires real estate tech and consulting firm Clareity Security Solutions

  03-08-2017 23:23
  CoreLogic announced this week that it is expanding its real estate technology offerings by acquiring Clareity Security Solutions, a real estate tech and consulting firm. Through the acquisition, Clareity’s security software solutions will be added to CoreLogic’s suite of real estate solutions products. Clareity currently serves 850,000 real estate professionals with more than 250 application and service integrations.
  
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• MBA: Mortgage credit loosens as conventional programs become more available

  03-08-2017 23:18
  The trend continues as mortgage credit availability once again loosened in July as more conventional programs became available. The chart included displays the mortgage credit availability since June 2011, showing a gradual increase over the years.
  
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• Report: High Rents Worsening Homelessness

  03-08-2017 23:13
  High rents are worsening homelessness in major cities across the country, especially where homelessness is already at dire levels, according to a recent analysis by Zillow. Analysts estimated resulting homeless populations given a 5 percent rise in rent in 24 metropolitan areas, forecasting critical outcomes in Los Angeles and New York, where thousands more would be pushed into homelessness.The trend is being fueled primarily by the gap between incomes and rents, which have soared to historical
  
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• Spotlight on Online Leads: Minimal Spend, Exponential Sales

  03-08-2017 23:06
  In the following interview, Kristin Morley, REALTOR® with Rodeo Realty in Los Angeles, Calif., discusses online lead generation.
  Region Served: Los Feliz to Malibu
  Years in Real Estate: 17
  You’ve been able to turn a $10,000 spend into $9 million in sales, which is impressive from an ROI perspective. Has something changed, or is this typical of the results you receive from online leads?
  While I devoted a bit more of my time this past year to other areas of interest, these numbers are co
  
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• DOJ will be allowed to join Ocwen’s challenge to constitutionality of CFPB

  03-08-2017 22:28
  Ocwen Financial could soon get a big boost in its fight against the Consumer Financial Protection Bureau from a once-unlikely source – the Department of Justice. Earlier this week, the judge overseeing the case ruled that the DOJ will be allowed to join Ocwen's case and weigh in on the constitutionality of the CFPB it if chooses to.
  
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• Mortgage Rates Hang On

  03-08-2017 22:17
  Mortgage rates hung on this week, making virtually no movement from the week prior, according to Freddie Mac’s recently released Primary Mortgage Market Survey (PMMS®). The 30-year, fixed rate averaged 3.93 percent, up from 3.92 percent the week prior, while the 15-year, fixed rate averaged 3.18 percent, down from 3.20 percent the week prior. The 5-year, Treasury-indexed hybrid adjustable rate averaged 3.15 percent, down from 3.18 percent the week prior.
  “The 10-year Treasury yie
  
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• Experts: Appraiser market needs more options

  03-08-2017 21:39
  Experts explained the difference between AVMs and full appraisals, and what the benefits are to each one. They explained lenders need more appraisal options to choose from, as their current options are like choosing from either a “hot dog, or a filet mignon.”
  
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• MBA announces changes to regulatory counsel staff

  03-08-2017 19:44
  Ken Markison, MBA vice president and regulatory counsel, will be leaving the association at the end of September to start his own consulting practice. Justin Wiseman and Sara Signhas promoted to associate vice president and managing regulatory counsel and to associate regulatory counsel, respectively.
  
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• The Inman Files: Bigger is better, just ask these 2 real estate billionaires - Inman.com

  03-08-2017 19:14
  The Inman Files: Bigger is better, just ask these 2 real estate billionaires
  Inman.com
  A new generation of real estate hotshots have been reveling in a heap of hoopla: Zillow's Spencer Rascoff, Compass's Robert Reffkin, Houzz's Adi Tatarko and Redfin's Glenn Kelman. Spencer Rascoff, Robert Reffkin, Glenn Kelman, Adi Tatarko. But do not ...
  
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• S&P: Residential mortgage servicing could be on the edge of glory

  03-08-2017 18:44
  The financial crisis brought the residential mortgage servicing industry to an abrupt halt as federal banking entities cracked down on the alleged abuses by the industry after an onslaught of borrowers lost their homes. The negativity toward the industry is starting to change though. With the financial crisis nearly a decade in the past, a new report from S&P Global Market Intelligence suggested that mortgage servicing companies may be poised for a turn toward long-term stability.
  
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• Nationstar posts net loss of $20 million, but the news is better than it seems

  03-08-2017 18:11
  Nationstar Mortgage, the company soon to be known as Mr. Cooper, reported Thursday that it saw its first quarterly net loss in a year, but the news is actually better than it appears. Overall, Nationstar posted a GAAP net loss of $20 million (or $0.20 per diluted share) in the second quarter, but on an adjusted basis Nationstar saw earnings of $42 million, or $0.43 per share.
  
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• A Unique Real Estate Bet Takes Shape At Energy Investing Giant ... - Forbes

  03-08-2017 16:32
  Forbes
  A Unique Real Estate Bet Takes Shape At Energy Investing Giant ...
  Forbes
  Kayne Anderson's Al Rabil has built a $5 billion real estate investing platform on the back of strong returns in niche markets. He's currently betting on the aging ...and more »
  
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• Freddie Mac: Mortgage rates hold steady as markets remain cautious

  03-08-2017 16:01
  Mortgage rates were mixed this week as the 30-year mortgage increased slightly and the 15-year showed a decrease. Overall, Freddie Mac explained rates are holding steady as the market continues to err on the side of caution.
  
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• Fannie Mae CEO: We’re focused on reducing appraisal turnaround times      

  03-08-2017 15:55
  Access to smartphones is redefining consumer expectations and getting a mortgage is a “wildly different” experience for homebuyers when compared to other online transactions. And not in a good way, according to Fannie Mae CEO Timothy Mayopoulous. “With Amazon shopping one click away and streaming Netflix on your smartphone, looking for a mortgage is a wildly different digital experience,” he said in an interview this morning after reporting another profitable quarter.
  
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• Nine International Areas Real Estate Investors Should Give A Look - Forbes

  03-08-2017 15:00
  Forbes
  Nine International Areas Real Estate Investors Should Give A Look
  Forbes
  Successful executives in the real estate industry from Forbes Real Estate Council share firsthand tips & insights. Forbes Real Estate Council , CommunityVoice. Talk with nearly every investment expert, and one of the things they'll encourage is ...
  
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• Fannie Mae reports slight increase in net income in Q2

  03-08-2017 14:06
  Fannie Mae’s net income increased slightly in the second quarter of 2017, and the GSE is now set to pay the Treasury $3.1 billion in September. However, net revenues, which consist of net interest income, fees and other income, decreased.
  
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• RealPage continues expanding, agrees to buy On-Site for $250 million

  03-08-2017 00:25
  This year really is turning out to a year of expansion for RealPage, as for the fourth time in 2017, RealPage, a provider of software and data analytics to the real estate industry, announced that it is is acquiring another company. RealPage announced Wednesday that it is acquiring “substantially all of the assets” of On-Site Manager for approximately $250 million in cash. That brings RealPage’s total expansion expenditures for 2017 to just shy of $700 million.
  
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• Ugly Home Features Buyers Can't Overlook

  03-08-2017 00:00
  Home shoppers can get hung up on cosmetic issues of a home, even those that are often relatively inexpensive to fix.
  
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• Student Housing Emerges as Boon for Investors

  03-08-2017 00:00
  Economists point to several reasons that the uptick in student housing investments is likely to only get stronger in the coming years. 
  
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• Rural Residents Don’t Want to Move

  03-08-2017 00:00
  Americans who live in rural areas are increasingly staying put—and they have plenty of reasons to do so. 
  
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• Real Estate Text Scam Makes Bold Accusation

  03-08-2017 00:00
  A reminder: Don’t click on mysterious links texted to you, even those that appear to personally accuse you of wrongdoing. 
  
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• Legislation Seeks More Secure Smart Homes

  03-08-2017 00:00
  With smart devices from cameras to refrigerators under attack by hackers, new bipartisan legislation in the Senate is pushing stronger security...
  
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• Amazon’s Alexa Adds More Real Estate Skills

  03-08-2017 00:00
  More brokerages are finding ways to integrate the rise of digital voice assistants, like Amazon’s Alexa, into providing real estate...
  
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