Real estate news

• Former attorney gets 3+ years in prison for defrauding real estate investors

  20-09-2017 23:52
  
  A former attorney from New York will spend more than three years in prison for defrauding real estate investors out of at least $1 million. According to the U.S. Attorney’s Office for the Southern District of New York, Brandon Lisi received a sentence of 38 months in prison for his role in a scheme to defraud at least four individual investors in real estate transactions of more than $1 million.
  
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• San Diego mansions at the center of $50 million mortgage fraud scheme

  20-09-2017 23:09
  
  A senior executive at a real estate investment company and a real estate broker stand accused of playing key roles in a $50 million mortgage fraud scheme involving a handful of multi-million dollar mansions in the San Diego area. Here are all the details.
  
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• Here’s what quantitative un-easing could mean for the housing market

  20-09-2017 22:50
  
  The Federal Reserve announced it will begin the normalization of its balance sheet starting in October with a max of $4 billion mortgage-backed securities per month. But what does this mean for the housing industry? For interest rates? Experts provide the answers.
  
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• The Real Estate View For A Second Lost Decade - Seeking Alpha

  20-09-2017 22:43
  U.S. News & World Report
  The Real Estate View For A Second Lost Decade
  Seeking Alpha
  The National Association of Realtors (NAR) reports today that sales of existing homes in the US were down 1.7% in August 2017 from July. At a seasonally-adjusted annual rate of 5.35 million, that's the lowest pace for resales since July 2016. It is yet ...
  Existing-Home Sales Subside 1.7 Percent in Augustnar.realtorall 96 news articles »
  
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• Existing-Home Sales Flounder in August

  20-09-2017 22:18
  Existing-home sales floundered in August, posting higher than one year prior but lower than in July, the National Association of REALTORS® (NAR) reports.
  Existing-home sales totaled 5.35 million, a 1.7 percent decrease from July but a 0.2 percent increase from one year prior. Inventory decreased 2.1 percent to 1.88 million, 6.5 percent below one year prior.
  “Steady employment gains, slowly rising incomes and lower mortgage rates generated sustained buyer interest all summer long, but u
  
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• Innovation, Not Irrelevancy: 3 Strategies to Sustain

  20-09-2017 22:04
  Editor’s Note: This was originally published on RISMedia’s blog, Housecall. See what else is cookin’ now at blog.rismedia.com:Photo Recap: RISMedia’s 2017 Real Estate CEO Exchange
  Revealed: 100 Best Places to Live in America
  What You Need to Earn to Live in the Cheapest and Priciest Metros
  “How are we going to be able to keep up with the rapidly evolving world around us?”
  A crucial question, and one posed at RISMedia’s recent 2017 Real Estate CEO Exchang
  
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• Texas brokerage closes state's first-ever bitcoin home purchase

  20-09-2017 21:57
  
  Taking real estate purchases in the Lone Star state to a new level, Kuper Sotheby's International Realty said it finalized the first-ever home in Texas that was purchased entirely with the cryptocurrency, bitcoin. Located in the capital of Texas, the luxury home sold for an undisclosed amount this summer.
  
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• Revealed: 100 Best Places to Live in America

  20-09-2017 21:55
  Editor’s Note: This was originally published on RISMedia’s blog, Housecall. See what else is cookin’ now at blog.rismedia.com:What You Need to Earn to Live in the Cheapest and Priciest Metros
  4 Real Estate Deal-Breakers and How to Avoid Them
  Live in a Loud Area? Here’s How to Reduce Sound Inside Your Home
  Ever wondered who is living the good life, and where? A new study done by MONEY with the help of realtor.com® runs down the top 100 best places t
  
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• CFPB finalizes amendments to Equal Credit Opportunity Act

  20-09-2017 20:42
  
  The CFPB finalized amendments to Equal Credit Opportunity Act regulations to provide additional flexibility for mortgage lenders in the collection of consumer ethnicity and race information. The CFPB also said it is seeking comment on the Home Mortgage Disclosure Act. Have any thoughts to share on the HMDA data the bureau proposes to make available to the public beginning in 2019?
  
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• Senate Democrats press FTC for review of data security at Experian, Transunion

  20-09-2017 20:32
  
  The Federal Trade Commission is already investigating the massive data breach at Equifax that exposed the personal information of 143 million U.S. consumers to hackers, but a number of top Democrats in the Senate want the agency to extend its investigation to the other big credit reporting agencies.
  
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• Fed makes it official: Quantitative un-easing process to begin in October

  20-09-2017 20:30
  
  As expected, the Fed announced it will soon begin its quantitative un-easing plan in October. It will begin selling off its $4.5 trillion portfolio of bonds with just $4 billion in mortgage-backed securities per month, and increase it by $4 billion each quarter after that. As for the federal funds rate, the committee voted to hold off on raising it for now.
  
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• Blockchain Laying Foundations for Real Estate Market: Experts - CoinTelegraph

  20-09-2017 19:15
  CoinTelegraph
  Blockchain Laying Foundations for Real Estate Market: Experts
  CoinTelegraph
  An overview with experts opinion on how Blockchain has managed to improve real estate around the world.and more »
  
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• Navy Federal Credit Union falls victim to home equity loan fraudster

  20-09-2017 18:40
  
  Navy Federal Credit Union got caught in the middle of a home equity loan fraud scheme, causing the credit union losses of $2.7 million. According to an announcement from the United States Attorney’s Office for the Eastern District of Virginia, an Atlanta man pleaded guilty to bank fraud and false statements to Navy Federal Credit Union.
  
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• Existing home sales drop to lowest point since last year

  20-09-2017 17:38
  
  Existing home sales decreased for the third consecutive month for the lowest point since last year. While some experts point to hurricanes Irma and Harvey, others say these happened too soon to affect the data in August. One thing they agree on: the lack of housing inventory continues to hold back home sales.
  
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• When is the best time of year to buy a starter home?

  20-09-2017 16:44
  
  One time of year stands above the rest as being the best time for first-time homebuyers to buy a home. During this time, starter home inventory increases about 7%, which leads to listing prices falling between 3.1% and 4.8% lower than in other parts of the year, a new report from Trulia shows.
  
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• MBA: Mortgage applications tumble amid Labor Day holiday

  20-09-2017 13:05
  
  Mortgage applications dropped from one week earlier amid the Labor Day holiday, according to the latest data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Sept. 15. Meanwhile, following recent trends, the refinance share of mortgage activity increased above half of all applications.
  
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• New York Attorney General pushes Experian and Transunion for answers on cybersecurity

  20-09-2017 00:19
  
  New York Attorney General Eric Schneiderman is already investigating the massive data breach at Equifax that exposed the personal information of 143 million U.S. consumers. Now, New York’s top cop wants to make sure that a similar incident doesn’t take place at the other two of the big three credit reporting agencies – Experian and Transunion.
  
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