Real estate news

• LendingTree announces changes to senior management, board of directors

  01-09-2017 23:54
  
  LendingTree, the online loan marketplace, recently announced a pair of changes to its management, promoting its chief financial officer to its board of directors and replacing him with the company’s senior vice president of corporate development.
  
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• Land Gorilla integrates with Ellie Mae’s mortgage solution

  01-09-2017 23:45
  
  Land Gorilla recently announced its software is now available through Ellie Mae’s Encompass management solution. Land Gorilla will offer construction loan management solutions to mitigate risk and improve construction loan management workflow.
  
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• Small Business Administration to give out $3.3B in Hurricane Harvey disaster loans

  01-09-2017 23:36
  
  The Small Business Administration announced it is prepared to financially help some of the homeowners impacted from Hurricane Harvey. The agency is staffing up to give out thousands of disaster recovery loans worth billions of dollars to rebuild Houston and other Harvey-hit areas.
  
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• PhysicianLoans rolls out $750,000 mortgages with no down payment, for doctors only

  01-09-2017 23:27
  
  PhysicianLoans, an Ohio-based mortgage lender that specializes in loans for medical professionals, announced recently that it is now offering a $750,000 mortgage with no down payment requirement and no private mortgage insurance. The loan is available to medical doctors, dentists and veterinarians, only.
  
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• Texas leads the way in WalletHub's best real estate markets list - Inman.com

  01-09-2017 22:42
  Texas leads the way in WalletHub's best real estate markets list
  Inman.com
  Texas ranks no. 1 thanks to robust residential building, strong home value appreciation and jobs growth. Learn the New Luxury Playbook at Luxury Connect | October 17-18 at the Beverly Hills Hotel. Reserve Now. Beyond country music, world-famous ...and more »
  
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• Home sales predicted to continue downward track in August

  01-09-2017 22:17
  
  Ten-X predicts existing home sales will continue to fall, dropping slightly in August. However, it predicted home prices could see a slight drop from July. The combination of falling inventory and rising prices is proving to be a difficult hurdle for the market to overcome.
  
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• Aon to buy real estate investment firm Townsend from Colony NorthStar: sources - Reuters

  01-09-2017 22:10
  Reuters
  Aon to buy real estate investment firm Townsend from Colony NorthStar: sources
  Reuters
  The US Bank Tower and the AON Corporation building are pictured as part of the Los Angeles, California skyline February 9, 2012. REUTERS/Fred Prouser. NEW YORK (Reuters) - Insurance broker Aon Plc (AON.N) will buy real estate investment ...
  Aon to buy real estate investment firm Townsend from Colony NorthStarNasdaq
  Aon to buy real estate investment advisor from Colony NorthStar for $475MSeeking A
  
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• Tampa's Convergent Capital plans $150 million in real estate investments in next three years - Tampabay.com

  01-09-2017 22:05
  Tampabay.com
  Tampa's Convergent Capital plans $150 million in real estate investments in next three years
  Tampabay.com
  TAMPA — One of Tampa Bay's best known private equity firms, Convergent Capital Partners, has closed on its third fund and raised $50 million for new real estate investments. Related News/Archive. Tampa broker is big on real estate investment trusts, ...
  
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• 7 Facts About Real Estate - The Daily Progress

  01-09-2017 21:17
  The Daily Progress
  7 Facts About Real Estate
  The Daily Progress
  There's a ton of real estate intel on the interwebs. (Why, you're looking at some of it right now!) But even if you consider yourself the most research-savvy digital consumer of all time, you may not know everything you need to in order to make the ...and more »
  
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• Manitowoc real estate transfers and homes sold: Sept. 3, 2017 - Herald Times Reporter

  01-09-2017 20:57
  Herald Times Reporter
  Manitowoc real estate transfers and homes sold: Sept. 3, 2017
  Herald Times Reporter
  To determine the purchase price of the real estate, divide the transfer fee by 0.003. For example, a transfer fee of $250 would indicate a purchase price of $83,333. Real estate sold at a price of $100,000 would have a transfer fee of $300. OTHER NEWS: ...
  
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• National Cheat Sheet: Why Zillow's stock has fallen 23% since June, Paul Manafort's real estate fixer speaks out ... - The Real Deal Magazine

  01-09-2017 20:48
  The Real Deal Magazine
  National Cheat Sheet: Why Zillow's stock has fallen 23% since June, Paul Manafort's real estate fixer speaks out ...
  The Real Deal Magazine
  While the Seattle-based listings giant's stock price is up 15 percent from last year, it has dropped in value since mid-June — closing at $39.62 on Aug. 31 when two months ago it was hovering at $51.23. Competition from Redfin's IPO, a few litigious ...
  
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• Wendy Forsythe Moves to HomeSmart International as COO

  01-09-2017 20:33
  HomeSmart has announced the appointment of Wendy Forsythe, a real estate industry veteran of 20 years, as its new chief operating officer. Forsythe’s appointment comes at a time when Scottsdale, Arizona-based HomeSmart is making decisive moves to expand its brand and high-performing brokerage model nationally, the company stated.
  Previously, Forsythe served as president of the brokerage division of management consulting company T3 Sixty. Before that, she was head of global operations at Ca
  
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• Wells Fargo's latest fake account revelation proves why the CFPB must survive

  01-09-2017 20:15
  
  Wells Fargo’s latest revelation is the straw that broke my back. I’m done. I really just can’t anymore. I’ve talked to enough people who work in the housing business to know that the CFPB made their lives much harder. I get why they hate the CFPB. I really do. But, I can’t just sit back and watch the Republican Party undo all of the financial regulation borne out of the financial crisis. Situations like Wells Fargo show why the CFPB must exist.
  
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• Mortgage industry unites together to support Hurricane Harvey relief

  01-09-2017 20:00
  
  As one of biggest industries that touches nearly everyone in America, the housing industry quickly assembled together to give back to those impacted by Hurricane Harvey. Here is a handful of ways the industry is donating to help in the relief, along with ways you as a reader can help.
  
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• Bank Mutual sells real estate to Marine Credit Union - BizTimes.com (Milwaukee)

  01-09-2017 19:27
  BizTimes.com (Milwaukee)
  Bank Mutual sells real estate to Marine Credit Union
  BizTimes.com (Milwaukee)
  Brown Deer-based Bank Mutual Corp. has completed the sale of five of its branch buildings to La Crosse-based Marine Credit Union for about $2.9 million. The Bank Mutual branch on Douglas Avenue in Racine, which was acquired by Marine Credit Union ...and more »
  
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• Bank Mutual sells real estate to Marine Credit Union | BizTimes ... - BizTimes.com (Milwaukee)

  01-09-2017 19:27
  BizTimes.com (Milwaukee)
  Bank Mutual sells real estate to Marine Credit Union | BizTimes ...
  BizTimes.com (Milwaukee)
  Brown Deer-based Bank Mutual Corp. has completed the sale of five of its branch buildings to La Crosse-based Marine Credit Union for about $2.9 million.and more »
  
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• Feel like quitting real estate? 11 ways to bounce back - Inman.com

  01-09-2017 19:22
  Feel like quitting real estate? 11 ways to bounce back
  Inman.com
  When Realtor Erin Brumleve is worn out with real estate, she turns whatever is bugging her into a ditty and sings it to her team. "Yesterday's song went like, 'Sometimes clients really love it when a real estate agent apologizes ... even if it's not ...
  
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• Why weaker than expected jobs report is exactly what the market needed

  01-09-2017 19:17
  
  The employment report from the Bureau of Labor Statistics didn't meet expectations, but some economists explained it might be just what the housing market needed. One expert referred to it as the “Goldilocks” report – not too high, but not too low.
  
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• CFPB encourages financial institutions to help in Hurricane Harvey relief efforts

  01-09-2017 18:52
  
  As the top industry watchdog and the bureau that enforces any wrongdoing in the financial services sector, the Consumer Financial Protection Bureau issued a statement on Hurricane Harvey to give examples on how companies can help in the relief efforts. The public statement is intended to encourage its supervised entities to help consumers impacted by the disaster.
  
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• Real Estate Weekly: REITs Rally, But Harvey Impact Still Unknown - Seeking Alpha

  01-09-2017 18:41
  Seeking Alpha
  Real Estate Weekly: REITs Rally, But Harvey Impact Still Unknown
  Seeking Alpha
  REITs finished the week higher by 1% after rising 2% last week. Homebuilders and construction companies surged in anticipation of a massive rebuilding effort after Hurricane Harvey. So far, Hurricane Harvey is estimated to have significantly damaged or ...
  
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• With $500M buy, King of Prussia real estate company will now own 40K apartments - Philadelphia Business Journal

  01-09-2017 17:55
  With $500M buy, King of Prussia real estate company will now own 40K apartments
  Philadelphia Business Journal
  Filled with “must read” stories, industry news and reporter insights, exclusive interviews with local business leaders, and expanded Top 25 Lists. Exclusive Online Tools. Research the 3+ year digital archive, and People on the Move leads database download.
  
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• Study: Recent events not dampening Americans’ optimism in economy

  01-09-2017 17:12
  
  The latest University of Michigan’s Survey of Consumers shows Americans continue to grow more confident in the U.S. economy, despite recent events and tragedies. In fact, during the survey, very few mentioned Charlottesville, North Korea or Hurricane Harvey.
  
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• New in New Orleans Real Estate - My New Orleans

  01-09-2017 16:34
  My New Orleans
  New in New Orleans Real Estate
  My New Orleans
  Big real estate developments tend to attract a lot more attention than their smaller brethren, which is why a few big projects that are under way or proposed in downtown New Orleans have tended to dominate local business news. The much-watched proposal ...
  
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• Real estate agent says removing Confederate statues would ... - Richmond.com

  01-09-2017 16:05
  Richmond.com
  Real estate agent says removing Confederate statues would ...
  Richmond.com
  In the impassioned debate over the symbolism and meaning of Richmond's Confederate monuments, the impact of their potential removal on property tax values ...and more »
  
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• Real estate agent says removing Confederate statues would decimate property values. Is it true? - Richmond.com

  01-09-2017 16:05
  Richmond.com
  Real estate agent says removing Confederate statues would decimate property values. Is it true?
  Richmond.com
  Vindicatrix is perched on a 67-foot-tall column that rises out of the monument to Jefferson Davis, the president of the Confederacy. The allegorical figures was intended to represent the vindication of the South in the eyes of God, according to a ...and more »
  
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• Jared Kushner's real estate empire is reportedly in a difficult ... - Yahoo Finance

  01-09-2017 15:59
  Yahoo Finance
  Jared Kushner's real estate empire is reportedly in a difficult ...
  Yahoo Finance
  The Kushner Companies, the real estate firm owned by the family of President Donald Trump's son-in-law Jared Kushner, is facing a mountain of a challenge.and more »
  
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• Jared Kushner's real estate empire is reportedly in a difficult financial position - Yahoo Finance

  01-09-2017 15:59
  Yahoo Finance
  Jared Kushner's real estate empire is reportedly in a difficult financial position
  Yahoo Finance
  The Kushner Companies, the real estate firm owned by the family of President Donald Trump's son-in-law Jared Kushner, is facing a mountain of a challenge. According to an investigation by Bloomberg's David Kocieniewski and Caleb Melby, the Kushner ...and more »
  
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• Job creation increase misses the mark in August

  01-09-2017 15:26
  
  Employment increased in August, but the jump was significantly lower than predicted and last month’s increase. The Bureau of Labor Statistics explained the job numbers for August were not affected by Hurricane Harvey. But on the positive side of things, construction jobs saw a much-needed increase.
  
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• Two Marketing Tech Changes Real Estate Agents Need To Adopt - Forbes

  01-09-2017 15:00
  Forbes
  Two Marketing Tech Changes Real Estate Agents Need To Adopt
  Forbes
  From high-profile new construction homes to local landlords and tenants, Kevin Taylor serves clients as an experienced Realtor. Forbes Real Estate Council , CommunityVoice. Shutterstock. Global markets and trends in technology continue to reshape our ...
  
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• Silicon Valley real estate: Home prices defy gravity — and sales increase, as they fall elsewhere in region - The Mercury News

  01-09-2017 14:22
  The Mercury News
  Silicon Valley real estate: Home prices defy gravity — and sales increase, as they fall elsewhere in region
  The Mercury News
  Real estate markets traditionally suffer from the summertime blahs — but Silicon Valley is not a normal market, particularly in Santa Clara County. With the housing supply at historically low levels, the median price for a single square foot of ...
  
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• Sales-and-use-tax pitfalls in the construction and real estate industries - The Tax Adviser

  01-09-2017 14:00
  The Tax Adviser
  Sales-and-use-tax pitfalls in the construction and real estate industries
  The Tax Adviser
  Being aware of the taxability of the various expenditures associated with a construction project or the management of a building is crucial in preventing a hefty use tax assessment with penalties and interest as is managing the relationship a real ...
  
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• Authorities search for Houston-area real-estate agent who vanished ... - myfox8.com

  01-09-2017 13:30
  myfox8.com
  Authorities search for Houston-area real-estate agent who vanished ...
  myfox8.com
  BAYTOWN, Texas -- A Houston-area real-estate agent is believed to have gone missing before Hurricane Harvey, according to CBS News. Crystal McDowell ...and more »
  
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• Authorities search for Houston-area real-estate agent who vanished before Hurricane Harvey - myfox8.com

  01-09-2017 13:30
  myfox8.com
  Authorities search for Houston-area real-estate agent who vanished before Hurricane Harvey
  myfox8.com
  BAYTOWN, Texas — A Houston-area real-estate agent is believed to have gone missing before Hurricane Harvey, according to CBS News. Crystal McDowell was last heard from right before the storm began. She told her boyfriend she was leaving to go pick ...and more »
  
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• Just how hot a real estate market is the Strip District? - Pittsburgh Post-Gazette

  01-09-2017 12:30
  Pittsburgh Post-Gazette
  Just how hot a real estate market is the Strip District?
  Pittsburgh Post-Gazette
  A Penn Avenue property that sold for $600,000 five years ago is on the market for three times that amount, an indication perhaps of just how hot of a real estate market the Strip District has become. The owner, Michael A. D'Amico, a director with the ...
  
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• Harvey will hammer Texas' already stretched building industry - Dallas News (blog)

  01-09-2017 12:00
  Dallas News (blog)
  Harvey will hammer Texas' already stretched building industry
  Dallas News (blog)
  Texas' already tight housing market is going to feel a bigger pinch as a result of Hurricane Harvey. The damage from the storm will add to shortages of labor and push up prices on building materials as Gulf Coast communities recover. Thousands of homes ...and more »
  
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• Gilbert-based 'Offerpad' wants to disrupt real estate industry - AZFamily

  01-09-2017 07:37
  AZFamily
  Gilbert-based 'Offerpad' wants to disrupt real estate industry
  AZFamily
  Gilbert-based tech start-up OfferPad calls themselves the Uber of real estate. They say they are making home buying and selling quick, and easy. But what does it mean for local realtors? Ryan Nelson with Offerpad said if you're selling your home, they ...
  
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• What was outcome of 1980s murder-for-hire case involving real estate speculator? - Sacramento Bee

  01-09-2017 07:03
  What was outcome of 1980s murder-for-hire case involving real estate speculator?
  Sacramento Bee
  Q: I believe it was in the 1980s, a man named Roger Vennes was murdered in his Land Park home. What became of this case? Just Curious, Sacramento. A: James M. “Logie” MacInnes was found guilty in the contract murder of 33-year-old Roger O. Vennes, ...
  
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• The 2017 Mortgage Technology Product Showcase

  01-09-2017 06:01
  
  New consumer expectations for a faster, easier mortgage process have turned up the heat on financial institutions to deliver a better customer experience for borrowers. Speed and accuracy are more important than ever as potential buyers compete for limited inventory, and financial institutions compete for those borrowers. Fortunately, these 16 companies stand ready to help, offering solutions that span the entire mortgage loan lifecycle.
  
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• Tavant FinXperience delivers an immersive experience to transform borrow journey

  01-09-2017 06:01
  
  With Tavant’s FinXperience Suite, lenders have the ability to not only keep all their customers and partners engaged in an immersive experience with real time statuses and process updates, but most importantly, to provide them with the ability to drive the lending transaction in a seamless manner.
  
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• Stearns Lending unveils orijin platform for collaboration with borrowers

  01-09-2017 06:01
  
  “Getting a loan shouldn’t detract from the excitement of buying a home — it should celebrate the unbridled joy of becoming a homeowner,” said Uday Devalla, CIO of Stearns Lending. “orijin was developed to provide this end-to-end digital experience that is simple, not rocket science.”
  
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• September Kudos: Celebrating milestones, launches and awards in the mortgage industry

  01-09-2017 06:01
  
  Caliber Home Loans closed their 10,000th VA purchase loan in early August. Loan Consultant Lisa Kelly, in Caliber’s Sevierville, Tennessee, branch had the honors of originating the milestone loan for the company. 
  
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• RES.NET tackles property preservation with integrated PropertyCure Data Portal

  01-09-2017 06:01
  
  Property preservation represents a specific challenge, as it can be characterized by a fragmented and non-uniform relationship between a servicer and their vendors. RES.NET’s PropertyCure Data Portal answers this challenge by bringing all vendor updates, data and images into one system via integration. 
  
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• Out of the shadows: How fintech is infiltrating the mortgage industry

  01-09-2017 06:01
  
  A study released in the National Bureau of Economic Research maintains that nonbanks, such as Quicken and loanDepot, essentially tripled market share for mortgage lending between 2007 to 2015. You read that right: tripled market share in less than 10 years. How is such a high level of disruption possible? Read on.
  
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• Optimal Blue's Digital Marketplace leverages largest investor database

  01-09-2017 06:01
  
  Anchored with robust, end-to-end functionality and the most comprehensive database of personalized, compliant product and price, Optimal Blue delivers real-time integration between the originators that fulfill, the investors that empower, and the technology and service providers that enable a consumer mortgage transaction.
  
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• OpenClose provides web-based software solutions requiring no installs

  01-09-2017 06:01
  
  OpenClose sought to develop a product suite that would enable lenders to implement quickly, operate cost effectively and maximize their productivity. The result is LenderAssist — a true multi-channel, web-based LOS that is custom-configurable, scalable, flexible, easy-to-use and compliant. What’s more, OpenClose has a boutique-style, responsive business model for customer implementations, training and ongoing support which ensures that lenders will never be treated like just a number
  
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• MCTlive! empowers secondary marketing performance

  01-09-2017 06:01
  
  After a soft launch of MCTlive! to its client base five years ago, MCT invested significant time and resources to actively solicit client feedback and make improvements. Today, MCTlive! is used by more than 250 capital markets departments who rely on it for daily advisory services, comprehensive reporting, live market color and ongoing education to implement their hedging and execution strategies. 
  
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• LoanCare expands transparency for investors and borrowers

  01-09-2017 06:01
  
  LoanCare's client reporting tool provides over 400 data sets of information that can be filtered using different variables, including viewing an investors loan information at numerous stages of activity. The built-in client report writer allows for nearly 200 fields of data that can be customized, retained and refreshed at any time. 
  
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• ISGN innovates in the servicing space with feature-rich, scalable technology

  01-09-2017 06:01
  
  ISGN leveraged the rich heritage of one of the Industry’s most recognizable and scalable servicing platforms (LSAMS) and brought in innovative technology to deliver a more powerful SaaS (Software as a Service) product, LoanDynamix, that is suited for a wide spectrum of portfolio sizes – from a few thousand loans to over 6 million loans. 
  
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• IDS expands the digital capabilities of web-based idsDoc platform

  01-09-2017 06:01
  
  IDS is ready for the road ahead. Its Uniform Closing Dataset XML file has been certified to meet all UCD requirements by both Fannie Mae and Freddie Mac and is already capable of embedding and delivering the CD and data for both the borrower and the seller, even though the seller data is not required until September 2018.
  
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• HW Insiders 2017

  01-09-2017 06:01
  
  HousingWire began recognizing the unsung heroes of the mortgage finance industry last year, seeking out the “go-to” team members and those who get the job done with enthusiasm, no matter the size of the challenge. Our editorial board carefully selected each of these 33 professionals for their vital and dynamic contributions to their companies. Read on to see who made the list.
  
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