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Real Estate News

Step one: Republicans begin fight for Dodd-Frank replacement | HousingWire | April 26, 2017
HousingWire | April 26, 2017
The Republican-led Financial CHOICE Act started its long journey through Congress to try and replace the Dodd-Frank Wall Street Reform and Consumer Protection Act on Wednesday. House Financial Services Committee Chairman Jeb Hensarling, R-TX, formally introduced the Financial CHOICE Act and the C...
Quicken Loans adds Casey Hurbis to lead marketing efforts | HousingWire | April 26, 2017
HousingWire | April 26, 2017
It seems that can’t more than a few minutes without seeing an ad from Quicken Loans, as the company pushes its Rocket Mortgage more and more into the mainstream. Now the company will have a new person shepherding those ubiquitous marketing efforts, as Quicken Loans announced recently that C...
PRMI expands Florida footprint with new branch opening | HousingWire | April 26, 2017
HousingWire | April 26, 2017
Primary Residential Mortgage Inc. expanded its territory in Florida with its newest branch opening in Miami. The new location is complete with a new team of mortgage insurance professionals, including its new branch manager who brings 31 years of experience with her.
Mortgage bond trader Jesse Litvak sentenced to two years for fraud…again | HousingWire | April 26, 2017
HousingWire | April 26, 2017
The tale of the government’s pursuit of former Jefferies managing director and mortgage-backed securities trader Jesse Litvak may finally be coming to a close. More than three years after first being convicted, Litvak has been sentenced to a two-year prison term, again.
SEC, Delaware accuse mortgage loan officer of running Ponzi scheme | HousingWire | April 26, 2017
HousingWire | April 26, 2017
A Delaware mortgage loan officer ran a Ponzi scheme that bilked more than $1.69 million out of investors who thought they were investing in a “highly successful” mortgage business, the Securities and Exchange Commission and the Delaware Department of Justice claim in new legal filings.
Cara Krause joins Mortgage Capital Trading as regional sales director | HousingWire | April 26, 2017
HousingWire | April 26, 2017
Cara Krause, an experienced industry veteran, will handle business development and client management for new lender clients in the Northeast region.
Mortgage experts agree: There is no housing bubble | HousingWire | April 26, 2017
HousingWire | April 26, 2017
With or without President Donald Trump, the housing market must go on. So as the world continues to tune in to Trump, HousingWire took a break to zero in on what we know best: housing. Three experts joined HousingWire on a webinar on Wednesday to discuss what’s next for housing and the mort...
Ocwen pulls a PHH: Asks court to declare CFPB unconstitutional, requests DOJ help | HousingWire | April 26, 2017
HousingWire | April 26, 2017
Ocwen Financial is pulling a PHH. Just as PHH did recently, Ocwen is playing the unconstitutional card in its fight against the Consumer Financial Protection Bureau, asking the United States District Court for the Southern District of Florida to declare the CFPB unconstitutional and toss out the ...
Here’s the real difference between Millennials and older generations | HousingWire | April 26, 2017
HousingWire | April 26, 2017
The generational divide between Millennials and older generations such as Gen Xers, Baby Boomers and even the Silent Generation continues to grow. A new study from Trulia, however, shows we may not be that different after all.
Mnuchin: White House to negotiate 15% corporate tax rate | HousingWire | April 26, 2017
HousingWire | April 26, 2017
Wednesday is a big day for the Trump administration. Treasury Secretary Steven Mnuchin and White House chief economic advisor Gary Cohn are expected to unveil their much-anticipated tax reform plan. But first, Mnuchin gave a sneak preview of what to expect in an interview Wednesday morning.
Finding the right leaders for the C-Suite | HousingWire | April 26, 2017
HousingWire | April 26, 2017
Today’s mortgage lenders are dealing with their own gauntlet of chaos that is testing the bounds of their “crews” – that is, their C-level executives. New regulations and ov...
Homebuyer demand suddenly falling off as inventory keeps shrinking | CNBC | April 26, 2017
CNBC | April 26, 2017
Demand from homebuyers fell 14 percent in March from February, according to Redfin.
HUD Secretary Carson visits Columbus, Ohio | HousingWire | April 26, 2017
HousingWire | April 26, 2017
HUD Secretary Ben Carson is embarking on the latest stop for his national listening tour – Columbus, Ohio. Carson will spend Wednesday, Thursday and Friday listening to various organizations...
MBA: Mortgage applications post slight uptick | HousingWire | April 26, 2017
HousingWire | April 26, 2017
Mortgage applications continue to fluctuate and posted a slight increase, according to the latest data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. The survey ...
Lowest mortgage rates since election push refinances up 7% | CNBC | April 26, 2017
CNBC | April 26, 2017
The refinance market came back to life last week, as mortgage rates fell further.
Real Estate Mogul: Here’s Why You Should Buy | KeepingCurrentMatters | April 26, 2017
KeepingCurrentMatters | April 26, 2017
Real Estate mogul, Sean Conlon, host of The Deed: Chicago on CNBC, was recently asked the question, should you buy? Or should you rent a house?
Millennials start saving for retirement at 26: HSBC | CNBC | April 26, 2017
CNBC | April 26, 2017
Jonathan Nabrotzky, global head of wealth sales and distribution at HSBC, discusses pensions and working into retirement.
‘Diversification is not a luxury’: Abu Dhabi eyes financial services to stem oil price pressure | CNBC | April 26, 2017
CNBC | April 26, 2017
Abu Dhabi has set its sights on developing a booming financial services sector in a continued push to diversify the UAE's oil-dependent economy.
We are focussed on future thinking: Aldar Properties CEO | CNBC | April 26, 2017
CNBC | April 26, 2017
Aldar Properties CEO Mohamed Al Mubarak discusses his business and economic development in Abu Dhabi more broadly.
U.S. Bank fined $15 million for bankruptcy filing violations | HousingWire | April 25, 2017
HousingWire | April 25, 2017
The Office of the Comptroller of the Currency announced Tuesday that it is ordering U.S. Bank National Association to pay a civil penalty of $15 million for what it calls “bankruptcy filing v...
Experts: Spring home-buying season starts off with a bang | HousingWire | April 25, 2017
HousingWire | April 25, 2017
The spring home-buying season is in full swing, and experts are talking about the fierce competition, rising home prices and low inventory levels in the housing market. Business is booming, but fir...
Credit rating agencies ding Ocwen over CFPB, state regulator charges | HousingWire | April 25, 2017
HousingWire | April 25, 2017
In the wake of the Consumer Financial Protection Bureau and a growing group of state regulators accusing Ocwen Financial of widespread mortgage servicing issues, S&P Global Ratings, Moody&rsquo...
How will America's lumber fight with Canada impact homebuilders? | HousingWire | April 25, 2017
HousingWire | April 25, 2017
The lumber war between the U.S. and Canada goes way beyond the new tariff on lumber, U.S. Commerce Secretary Wilbur Ross announced on Monday. So what is the main industry that uses the lumber from ...
Ocwen takes Massachusetts, Illinois to court to fight mortgage restrictions | HousingWire | April 25, 2017
HousingWire | April 25, 2017
Last week, a raft of state regulators clamped new business restrictions on Ocwen Financial for alleged rampant errors with homeowners’ escrow accounts and other issues at the nonbank. Ocwen s...
Lumber tariff 'just a papercut' on home construction prices: RBC Capital | CNBC | April 25, 2017
CNBC | April 25, 2017
Bob Wetenhall, RBC Capital Markets, dives into the impact of the Canadian lumber tariff on homebuilders and other sectors.
Inside the LA estate of comedian Kathy Griffin | CNBC | April 25, 2017
CNBC | April 25, 2017
A rare look inside Kathy Griffin's Hollywood Hills estate, and America's most expensive street and home. With CNBC's Robert Frank.
Community bankers: GSE reform should keep what works and just fix the problems | HousingWire | April 25, 2017
HousingWire | April 25, 2017
More talks of reforming the government-sponsored enterprises are starting to surface as the Trump administration promises to make reform a priority. Once again differing from other reform options o...
US home prices set to jump another $1,236…this time due to a Trump trade spat | CNBC | April 25, 2017
CNBC | April 25, 2017
The Trump administration argues that government subsidies for Canadian lumber are unfair.
Consumer confidence slips lower in April | HousingWire | April 25, 2017
HousingWire | April 25, 2017
Consumer confidence slipped in April as Americans waivered in their future expectations. The Conference Board by Nielsen explains less consumers are saying business conditions are good and more exp...
Fannie Mae announces new programs to break through student loan roadblock | HousingWire | April 25, 2017
HousingWire | April 25, 2017
The level of student debt in the U.S. has spiraled over the last decade to $1.4 trillion, effectively locking out millions of potential homebuyers from the market. Fannie Mae's new programs address...
New home sales soar above market expectations | HousingWire | April 25, 2017
HousingWire | April 25, 2017
New home sales surged in March with double digit increases from last year and even significant progress from February. The numbers beat the market’s expectations, and one expert points out th...
Canadian lumber tariff hits homebuilders | CNBC | April 25, 2017
CNBC | April 25, 2017
CNBC's Diana Olick reports on the projected effects on the U.S. housing sector from the new tariff on imported Canadian lumber.
New home sales hit 621,000 in March, versus 590,000 estimate | CNBC | April 25, 2017
CNBC | April 25, 2017
Economists polled by Thomson Reuters expected new home sales of 590,000 units in March, down 0.5 percent from last month's figure of 592,000.
New home sales up 5.8% in March | CNBC | April 25, 2017
CNBC | April 25, 2017
CNBC's Rick Santelli reports the latest read on new home sales, the consumer confidence index from the Conference Board and the Richmond Fed Index.
An exclusive look inside a $100 million Beverly Hills mansion | CNBC | April 25, 2017
CNBC | April 25, 2017
CNBC had the first cameras inside this $100 million modern mega-home called “Opus.”
FHFA: Home prices jump 6.4% in February | HousingWire | April 25, 2017
HousingWire | April 25, 2017
Home prices increased in February, as several reports already showed. The latest report, put out by the Federal Housing Finance Agency, uses home sales price information from mortgages sold to, or ...
Case-Shiller: Home prices hit fourth consecutive all-time high | HousingWire | April 25, 2017
HousingWire | April 25, 2017
Home prices increased to a new high for the fourth consecutive month, according to the Case-Shiller index. S&P Dow Jones Indices’ chairman explains the state of the housing market, and ho...
Going on up! US home prices climb at fastest pace in nearly 3 years | CNBC | April 25, 2017
CNBC | April 25, 2017
The index, which measures all nine U.S. census divisions, found that nationwide home prices rose 5.8 percent year-over-year in February.
Executive Edge: LA's real estate 'gold rush' | CNBC | April 25, 2017
CNBC | April 25, 2017
CNBC's Robert Frank reports on the massive buying spree in super luxury homes in Los Angeles' "platinum triangle."
3 Charts That Shout, ‘List Your Home Today!’ | KeepingCurrentMatters | April 25, 2017
KeepingCurrentMatters | April 25, 2017
In school, we all learned the theory of supply and demand. When the demand for an item is greater than the supply of that item, the price will surely rise.