Real estate news

• Senate to soon vote to rescind new CFPB arbitration rule

  26-09-2017 23:59
  
  With the Republican push for healthcare reform seemingly over for this year, it appears the Senate will likely vote on revoking the Consumer Financial Protection Bureau’s controversial arbitration rule soon. But, it won’t be an easy process to pass the resolution through Senate. Sen. Sherrod Brown, D-Ohio, already promised to put up one hell of a fight to keep the rule, and looking at this latest tweet storm from him, he still hasn’t given up.
  
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• Fed chair Yellen defends need for December rate hike

  26-09-2017 23:53
  
  Federal Reserve Chair Janet Yellen spoke to the possibility of a December rate hike, once again projecting that the data will be strong enough to raise the federal funds rate. She explained the Fed should be wary of moving too gradually. However, not all Fed members agree with her.
  
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• Housing finance reform advocate Sen. Bob Corker will not seek re-election in 2018

  26-09-2017 23:34
  
  One of the leading voices in Congress on housing finance reform announced Tuesday that next year will be his last year in the Senate. Sen. Bob Corker, R-Tennessee, announced Tuesday that he plans to retire at the end of his term in the Senate and will not seek re-election in 2018.
  
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• Brace for Impact: A Look at Real Estate After Hurricanes Harvey and Irma

  26-09-2017 22:36
  While the latest hurricane in a string of immensely powerful storms—Maria—has left Puerto Rico in a state of chaos and desolation, Hurricanes Harvey and Irma continue to haunt Florida and Texas where residents are struggling to adapt after weeks of cleanup to remove debris from the streets. Roads are heavily damaged from flooding and homes are destroyed. What does this say for the real estate market in these areas?
  “Just in our business alone, a lot of transactions will fa
  
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• Share the Message of REALTOR® Safety

  26-09-2017 22:32
  NAR PULSE—Share the message of safety with your members this month. The Little Red Book: Safety Rules to Live By for REALTORS® is the perfect tool for your new or seasoned agents to use as they create and update safety protocols for their businesses. Click here to receive 15 percent off the print version until Sept. 30—no code needed!
  REALTORS® Relief Foundation – Benefitting Those in NeedHelp support and rebuild communities impacted by Hurricane Harvey, Irma and other
  
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• Tackling Disruption From the Inside Out

  26-09-2017 22:28
  Editor’s Note: This was originally published on RISMedia’s blog, Housecall. See what else is cookin’ now at blog.rismedia.com:Are You Prepared to Handle the Top 3 Risks to Your Brokerage? (Do You Even Know What They Are?)
  Tips and Tricks for REALTOR® Safety Month
  How Do Reverse Mortgages Work?
  As the challenges facing the real estate industry continue to increase in volume as we move toward the future, being backed by a strong National Association of REALTORS® (NAR) is
  
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• Your Fall Produce Guide

  26-09-2017 22:20
  Do you like to eat locally? While the summer has an abundance of fresh produce for you to grab at your local farmer’s market, as fall hits, many wonder what local produce is still available. Below are the top five things to eat this autumn, available in most regions in the country.
  Apples! All hail fall, the season of apples! From apple pie to applesauce, apple slaw and more, there are hundreds of ways to enjoy this crispy sweet (or tart!) treat. Look for local apples in your grocery
  
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• New home sales decrease to new 2017 low in August

  26-09-2017 20:14
  
  New home sales in August decreased to a seasonally adjusted annual rate of 560,000, a new low for 2017. However, housing inventory also increased, reaching 6.1 months at the current sales rate. But this uptick in new homes for sale did not bring the housing market to equilibrium, but rather, helped make up for the lack of existing homes for sale.
  
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• Lennar targets Millennials with mortgage that pays off their student loans

  26-09-2017 20:08
  
  A recent study showed that mounting student loan debt is holding Millennials back from buying homes – for seven years. But one homebuilder is trying to make that seven-year delay go away. Eagle Home Mortgage, a mortgage lender and a subsidiary of Lennar, announced Tuesday that it is rolling out a new mortgage program that will help homebuyers pay off their student debt.
  
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• Are you a Vanguard of the housing finance industry? Show us!

  26-09-2017 19:00
  
  We’re looking for housing finance’s leading professionals! Did you make an impact on the greater industry and push your companies to new heights? Launch a new product? Expand product offerings? Change the game for your company? Sound familiar? Is that you? If so, click to read more.
  
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• Part 1: The fallout of the Bank of America vs. city of Miami decision

  26-09-2017 18:00
  
  [Expert commentary] On May 1, 2017, the United States Supreme Court issued a decision that will likely have a profound impact on the residential mortgage industry. After the court’s decision in Bank of America vs. City of Miami, municipalities now have the standing to bring a legal action against residential mortgage lenders for any financial burden. Here’s part one of what this ruling means for the industry and consumers.
  
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• Another top SoFi exec will resign following sexual harassment scandal

  26-09-2017 17:25
  
  As the sexual harassment scandal rages on at San Francisco-based startup SoFi, yet another executive announced her plans to leave the company. The announcement that the chief technology officer June Ou will be stepping down shortly follows the sudden departure of the company CEO and her husband, Mike Cagney.
  
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• Equifax CEO steps down after massive data breach

  26-09-2017 16:26
  
  The man in charge at the credit bureau that announced a massive data breach earlier this month that exposed the personal information of 143 million U.S. consumers to hackers is stepping down.As Equifax continues to deal with the impact of the breach, it announced CEO and Chairman of the Board, Richard Smith, is retiring, effective today. Click the headline to read more.
  
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• Case Shiller: Home prices pick up speed despite fewer sales

  26-09-2017 15:28
  
  Home prices increased in July, and at a faster pace than the previous month. While the National Index hit yet another new all-time high, the 10-City and 20-City Composites continue to prepare to surge past their 2007 levels.
  
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• Case Shiller contradiction: Home prices pick up speed despite fewer sales

  26-09-2017 15:28
  
  Home prices increased in July, and at a faster pace than the previous month. While the National Index hit yet another new all-time high, the 10-City and 20-City Composites continue to prepare to surge past their 2007 levels.
  
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• Maxwell adds former Roostify, Mercury Network exec Scott Stein as vice president

  26-09-2017 00:24
  
  Maxwell, a provider of digital mortgage software and a winner of HousingWire Magazine’s 2017 HW Tech100, announced Monday that it added Scott Stein as the company’s new vice president of sales and business development. In this role with Maxwell, Stein will focus on leading the company’s growth in the mortgage business.
  
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• Industry veteran Phil Huff joins Altisource as VP and head of valuations

  26-09-2017 00:07
  
  Industry veteran Phil Huff will serve as president and CEO of Springhouse, a full-service appraisal management company and subsidiary of Altisource. Springhouse also announced the addition of George Paquette, who will serve as manager of valuations.
  
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• After Equifax data breach, what’s next for consumer data security?

  26-09-2017 00:04
  
  For Equifax, the fallout from its massive data breach is far from over. The breach exposed serious flaws in the financial system’s consumer data security framework. But what about the rest of us? How does the financial services industry protect against fraud in the future? And how do we make things safer?
  
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• Buy vs. Rent Index Still Leans Toward Buy

  26-09-2017 00:00
  Although certain areas of the country still remain strongly on the ‘buy’ side, the latest index from Florida Atlantic University and...
  
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