Real estate news

• Dallas housing counseling agency executive admits to preying on struggling borrowers

  12-09-2017 23:49
  
  The former vice president of a Dallas housing counseling agency admitted in court this week that he engaged in a scheme to defraud struggling homeowners, the Department of Housing and Urban Development, and several banks out of more than $610,000.
  
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• Houston housing market still going strong post Harvey

  12-09-2017 23:47
  
  The Houston metro continues to thrive even after Hurricane Harvey swept through the area, and buyer demand remains high. One expert explained that after the hurricane, many homeowners may choose to rebuild their homes, but at a more elevated level.
  
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• Senate Finance Committee also wants answers on Equifax data breach

  12-09-2017 23:04
  
  Equifax is now facing inquiries into its massive data breach from both houses of Congress. Last week, the House Financial Services Committee launched an investigation into the breach at the credit reporting agency. Now, the leaders of the Senate Finance Committee want answers too.
  
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• Milestone: CoreLogic user base grows to 1 million real estate agents

  12-09-2017 22:47
  
  Due to its focus on real estate solutions, CoreLogic grew to more than 1 million real estate agents in the U.S. and Canada. Now, the company said it's looking to consolidate two of its largest user platforms.
  
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• Massachusetts planning to sue Equifax over massive data breach

  12-09-2017 22:08
  
  Equifax, which is already facing inquiries from the Consumer Financial Protection Bureau, the House Financial Services Committee, and others over the credit reporting agency’s massive data breach, has a new problem on its hands – Massachusetts Attorney General Maura Healey. Click the headline to read more.
  
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• Commercial Real Estate to Soften, but Still on Solid Footing

  12-09-2017 22:05
  Commercial real estate price growth in large markets is expected to flatten over the next year, but strong leasing demand and investor appetite in smaller markets should keep the sector on solid ground, according to the latest National Association of REALTORS® (NAR) quarterly commercial real estate forecast.
  Backed by the ongoing stretch of outstanding job creation in recent years, national office vacancy rates are forecast by REALTORS® to retreat 1.1 percent to 11.9 percent over the com
  
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• Real estate agents lose some confidence in future mortgage lending volume

  12-09-2017 21:18
  
  The latest survey from First American shows real estate professionals are growing more uncertain about transaction volume over the next 12 months. The report showed this decreasing confidence is due mainly to an expected drop in refinance transaction volume in the upcoming year.
  
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• Former Deutsche Bank head subprime mortgage bond trader fires back at U.S. fraud charges

  12-09-2017 20:04
  
  Paul Mangione, the former head of subprime mortgage trading at Deutsche Bank who stands accused over overseeing systemic mortgage bond fraud during the run-up to the financial crisis, says that the government kowtowed to public pressure to see individuals held responsible for the financial crisis by filing lawsuit against him that is wrong, unfair, and without merit.
  
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• Consumers remain too optimistic when estimating home value

  12-09-2017 19:01
  
  Quicken Loans finds homeowners continue to overestimate their home values, however they are narrowing the gap as appraised home values grow. Homeowner perception varied widely from one region to the next, as appraisal values ranged from 3% higher than homeowner estimates in the West to 3% lower in the Midwest and Northeast.
  
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• SoFi CEO Mike Cagney stepping down as company fights sexual harassment claims

  12-09-2017 18:17
  
  For at least the second time this year, the CEO of a white-hot Silicon Valley startup is stepping down amid controversy. Earlier this year, Uber CEO Travis Kalanick stepped down as the company fought back against months of bad publicity and complaints about the company’s culture. And late Monday, San Francisco-based Social Finance, better known as SoFi, announced that its CEO and co-founder, Mike Cagney, plans to step down by the end of the year.
  
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• 10 Reasons You Will Fail As A Real Estate Agent - Inman - Inman.com

  12-09-2017 17:22
  Forbes
  10 Reasons You Will Fail As A Real Estate Agent - Inman
  Inman.com
  I've worked as a real estate agent since 2007, and during that time I've had the opportunity to watch what successful agents do, and what unsuccessful ones do.
  47 Expert Tips Anyone Considering Investing In Real Estate Needs ...Forbes
  Real estate agents lose some confidence in future mortgage lending volumeHousingWireall 10 news articles »
  
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• CoreLogic: Mortgage delinquencies continue falling in June

  12-09-2017 17:10
  
  Mortgage delinquency rates continued to slip in June, and the foreclosure inventory rate fell to its lowest level since mid-2007. CoreLogic explained its Home Price Index increased 6% and payroll employment grew by 2.2 million jobs in the year ending June 2017, supporting further declines in delinquency rates.
  
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• WELLS FARGO: We're seeing slower lending in autos and commercial real estate - Business Insider

  12-09-2017 15:00
  Business Insider
  WELLS FARGO: We're seeing slower lending in autos and commercial real estate
  Business Insider
  Wells Fargo & Co expects to gain better control of costs in relation to revenues, as it works to recover from a sales scandal, its chief executive officer said on Tuesday. Tim Sloan, CEO of the third largest U.S. bank, said expenses will likely account ...and more »
  
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• Crowdfunding platform Groundfloor boosts lending capability by $100 million

  12-09-2017 13:00
  
  Groundfloor, a residential real estate crowdfunding platform, is set to grow its business thanks to a new agreement with Direct Access Capital, a specialty finance company focused on providing liquidity to non-bank lenders of short-term, residential-backed business loans. Through a whole loan purchase relationship with Direct Access Capital, Groundfloor plans to increase its loan origination volume and expand its product offerings over the next year to the tune of $100 million.
  
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• 15 crazy real estate myths your clients probably believe - Inman.com

  12-09-2017 10:12
  15 crazy real estate myths your clients probably believe
  Inman.com
  The real estate process makes everyone an armchair expert by default. The buyer, the seller, their friends, co-workers and neighbors all know how real estate works. After all, the last time they bought or sold a home was 10 years ago, and in their view ...
  
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• Shocker: U.S. sues former Deutsche Bank head subprime mortgage bond trader for crisis-era fraud

  12-09-2017 00:32
  
  In what can only be regarded as a shocking development, the United States is suing the former head of subprime mortgage trading at Deutsche Bank over “systematically and intentionally” lying about the quality of subprime mortgages that backed nearly $1.5 billion in mortgage-backed securities in the run-up to the crisis. Click the headline to read more.
  
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• Equifax stock tumbles as questions pile up over massive data breach

  12-09-2017 00:08
  
  Equifax stock is plummeting as questions mount over the credit reporting agency’s massive data breach. Due to the 143 million potentially impacted U.S. consumers, top government watchdogs and senators are demanding answers on what happened.
  
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• Where Homes Are Selling the Fastest

  12-09-2017 00:00
  We all know most homes sold quickly this summer, but this map offers a visual of the average time it’s taking to complete transactions...
  
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• What ‘Great Bones’ Really Means

  12-09-2017 00:00
  You’ve probably heard the phrase a million times. But what do we really mean when we say a house has great bones?
  
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• The Toughest Home Buyers You’ll Encounter

  12-09-2017 00:00
  Some home shoppers are a joy to work with and others will make you want to scream. Here are three types to watch out for.
  
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• Scammers Harm Hurricane Rebuilding Efforts

  12-09-2017 00:00
  Now that reconstruction is beginning following two storms’ massive paths of destruction through Texas and Florida, it's time to issue a...
  
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• ‘Granny Flats’ Are Finding a Bigger Purpose

  12-09-2017 00:00
  Some hope changing laws to allow more homeowners to build accessory dwelling units will increase property values and alleviate housing shortages...
  
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• Don’t Let Sellers Get Overconfident

  12-09-2017 00:00
  A severe inventory shortage may be allowing your clients to believe selling their homes will be quick and easy.
  
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