ForbesEach year, it seems the housing market takes on a different tone – and whether it’s going to be a sellers’ market with inflated prices and bidding wars, or a buyers’ market with tons of choices and low prices – there’s no denying that the 2014 spring … …read more
Monthly Archives:: March 2014
Credit Suisse to pay $885 million to settle MBS claims
Credit Suisse reached an agreement with the Federal Housing Finance Agency to pay $885 million to resolve claims related to mortgage-backed securities. …read more
Fraudulent mortgage modifier sentenced to nine years in federal prison
Isaak Khafizov, 27, was sentenced to nine years in federal prison for operating a fraudulent mortgage modification operation that defrauded hundreds of struggling homeowners out of more than half a million dollars. …read more
7 things you should read right now
Is Memphis about to collapse? Is the American Dream of homeownership at the “stick a fork in it” phase? What’s really happening with Bitcoin? It’s all here and more. …read more
12 ways you know you’re a Realtor
To celebrate the housing industry we are starting an informal weekly Friday fun feature. “You might be a …” celebrating every job in the industry. …read more
Guaranteed Rate names Juli Rennie senior VP, regional manager
The addition of Juli Rennie is part of an expansion of the company’s mortgage lending operations in Texas, with a specific focus on the company’s key home loan markets of Dallas, Houston and Austin. …read more
NAR President: “We want GSE reform to take place now”
Now that Fannie Mae and Freddie Mac reform talk is at the forefront of the table. National Association of Realtors President Steve Brown is ready to get the balling rolling on progress. …read more
USAA Real Estate Co. Acquires 916035 SF Industrial Portfolio in California’s … – Wall Street Journal
USAA Real Estate Co. Acquires 916035 SF Industrial Portfolio in California’s …Wall Street JournalSAN ANTONIO, Texas, March 21, 2014 /PRNewswire/ — USAA Real Estate Company has announced the acquisition of a Class A modern bulk warehouse distribution portfolio located in Stockton in California’s Central Valley, the fastest growing region in … and more …read more
USAA Real Estate Co. Acquires 916035 SF Industrial Portfolio in California’s … – MarketWatch
USAA Real Estate Co. Acquires 916035 SF Industrial Portfolio in California’s …MarketWatchSAN ANTONIO, Texas, March 21, 2014 /PRNewswire/ — USAA Real Estate Company has announced the acquisition of a Class A modern bulk warehouse distribution portfolio located in Stockton in California’s Central Valley, the fastest growing region in … and more …read more
USAA Real Estate Co. Acquires 916035 SF Industrial Portfolio in California’s … – PR Newswire (press release)
USAA Real Estate Co. Acquires 916035 SF Industrial Portfolio in California’s …PR Newswire (press release)SAN ANTONIO, Texas, March 21, 2014 /PRNewswire/ — USAA Real Estate Company has announced the acquisition of a Class A modern bulk warehouse distribution portfolio located in Stockton in California’s Central Valley, the fastest growing region in … and more …read […]
Altisource operations compared to Hitler’s inner circle on YouTube
Perhaps Glaucus forgot the original origins of the film, why it was made, and the deep meaning it brought to the legions of filmgoers who can appreciate the power of art to highlight what is perhaps the darkest tragedy of modern humankind. Or maybe it was more, like, “Hiltler parody for Ocwen, like, OMG, LMAO,” […]
Can mortgage technology help lenders drive purchase business?
LOs will, of course, play an essential role in building purchase business. But they’ll have to do more than just drop off donuts. However, from a compliance perspective, there are significant risks in letting LOs have unfettered control over marketing and deals. …read more
February marks 27th straight month of growth for Miami housing market
The market for Miami housing continued its robust performance in February. …read more
Exotic Indonesian villa is first major Bitcoin real estate purchase
The first major real estate transaction – valued at more than $500,000 – has closed. The property? A fully managed villa at the deLMango Villa Estate in Bali, Indonesia. …read more
Investor exhaustion with investment properties hits: Blackstone’s acquisition pace has fallen by 70 percent from peak last year. Running the numbers on rentals in high priced markets.
By drhousingbubble Existing home sales had another weak month and the blame continues to be on the notorious polar vortex. On the other hand, California is in a record drought and we are in an endless summer yet sales have hit multi-year lows as well. Could it be that over paying for a pre-World War […]
FHA launching Fannie, Freddie-style appraisal portal
The FHA is working to launch The Electronic Appraisal Delivery portal in 2015 after a period of testing this summer. …read more
The Windy City’s top 12 suburbs
Nestled next to Lake Michigan and home to both the Cubs and White Sox, the Windy City is one of the biggest and busiest cities in the nation. Chicago Magazine compiled a list of the 12 best suburbs in Chicago, comparing the cities based on variables like crime, homes, education and city life. …read more
Morningstar, Kroll offer rating on Colony’s REO deal
Morningstar Credit Ratings and Kroll Bond Rating Agency have assigned preliminary ratings to five classes of Colony American Homes 2014-1 mortgage pass-through certificates. …read more
Kroll offers its industry rating on Colony’s REO deal
Kroll Bond Rating Agency has assigned preliminary ratings to five classes of Colony American Homes 2014-1 mortgage pass-through certificates. …read more
Kroll offers second industry rating on Colony’s REO deal
Kroll Bond Rating Agency has assigned preliminary ratings to five classes of Colony American Homes 2014-1 mortgage pass-through certificates. …read more
VRM Mortgage Services names new senior VP of operations support
Brandon Kirkham has been named senior vice president of operations support by VRM Mortgage Services. …read more
VRM Mortgage Services names Kirkham senior VP of operations support
Brandon Kirkham has been named senior vice president of operations support by VRM Mortgage Services. …read more
Homebuilder stocks dive on existing home sales news
Homebuilder stocks were down in early afternoon trading on news of the continuing decline in existing home sales, moving at the slowest pace in 18 months. …read more
Brutal weather impacts Illinois home sales
February home sales in Illinois were down 6.2% from February 2013, due to a brutal winter. …read more
Spring is here but is housing ready?
The impact of the weakening housing market at the end of 2013 lingered around into the start of 2014. But this is expected to finally turn around as the industry heads into the second quarter and continue to build throughout the summer. …read more