Move and the National Association of Realtors have filed a lawsuit against Zillow alleging breach of contract, breach of fiduciary duty and misappropriation of trade secrets. …read more
Monthly Archives:: March 2014
Three ranking Democrats want answers on damning mortgage fraud audit
Three Democrats are asking to meet with Attorney General Eric Holder to discuss the Department of Justice and its allegedly lax and uneven prosecution of mortgage fraud cases, according to a letter from the three, dated March 17. …read more
First Ocwen, then Nationstar, now Walter…
Nationstar, Ocwen Financial and Walter Investments have all come under increased scrutiny in recent months. The nonbank service companies have been purchasing mortgage-servicing rights by the truckload and as each company grows its portfolio, critics are highlighting supposed cracks in each company’s foundation. …read more
Hensarling calls on CFPB to open closed meetings
The head of the House Financial Services Committee is calling on Consumer Finance Protection Bureau director Richard Cordray to open up the its four advisory council meetings to the public and press. …read more
What does GSE reform mean for the housing recovery?
The new U.S. Senate plan to dismantle Fannie Mae and Freddie Mac may in fact deal an unintended blow to the current housing recovery. …read more
Did Wells Fargo create bogus foreclosure document manual?
Wells Fargo is being accused of developing a 150-page manual for generating bogus documents to justify home foreclosures, according to a lawsuit filed in federal court in New York last week. The bank denies this claim. …read more
Celebrity Real Estate: Kardashian/Bieber, Tyler Perry And Lauren Conrad – Forbes – Forbes
Celebrity Real Estate: Kardashian/Bieber, Tyler Perry And Lauren Conrad – ForbesForbesHelp. |. Connect. |. Sign up. |. Log in · Zillow. We cover homes and the real estate marketplace. Follow Following Unfollow …. 2014 Forbes.com LLC™ All Rights Reserved. Terms and Conditions · Privacy Statement · Market Data by Morningstar; AdChoices. …read more
Celebrity Real Estate: Kardashian/Bieber, Tyler Perry And Lauren Conrad – Forbes
Celebrity Real Estate: Kardashian/Bieber, Tyler Perry And Lauren ConradForbesWhat happens when an increasingly troubled Justin Bieber flees Los Angeles for Atlanta and needs to rid himself of a mansion that was the infamous scene of egg-fighting, race-car speeding, police intervention and busts for marijuana? Of course! …read more
Realogy names new chief information officer, senior VP
Stephen Fraser joins Realogy Holdings Corp as chief information officer and senior vice president, where he will develop and execute Realogy’s enterprise-wide technology strategy. …read more
Will the Fed taper the taper?
The Federal Open Market Committee Meeting is scheduled to meet this week, and so far, tapering has yet to significantly impact housing. Key word being yet. …read more
NAHB housing index for March at second lowest in 10 months
The National Association of Home Builders monthly housing market index took a dramatic dive in February and ticked back up one point in March, well below analyst expectations. …read more
Christopher Whalen: The single biggest question facing the mortgage space
So if you are in an auction with a bunch of stupid money who just want to put assets to work and thereby earn a management fee, do you bid aggressively – above the true value of the assets – or do you stand back and let the clown win the auction? …read more
3 reasons the Urban Institute is excited about Johnson-Crapo
Ellen Seidman, a part-time senior fellow at the Urban Institute, says that Johnson-Crapo is something that most in the housing industry forgot could happen – a thoughtful, bipartisan bill. …read more
An interview with Jim Lacy, author of ‘Taxifornia’ | TheBlaze.com – TheBlaze.com (blog)
TheBlaze.com (blog)It was the city of Stockton, California. Yes again, California leads the nation – it leads the nation in municipal bankruptcies. USA Today says that there are probably ten more cities in California that are ready to go bankrupt. So we have to ask … and more …read more
An interview with Jim Lacy, author of ‘Taxifornia’ – TheBlaze.com (blog)
TheBlaze.com (blog)It was the city of Stockton, California. Yes again, California leads the nation – it leads the nation in municipal bankruptcies. USA Today says that there are probably ten more cities in California that are ready to go bankrupt. So we have to ask … and more …read more
Is Eminent Domain for Underwater Loans Good for Homeowners? A Mandelman Matters Podcast
By Mandelman This is PART 5 of my 5 PART SERIES with Professor Robert Hockett of Cornell University Law School, the man who wrote the plan to use eminent domain to take over underwater loans and write them down for homeowners that started in Richmond in earnest, but is now being considered in one form […]
The liberation of real estate data: does having readily available real estate information encourage the boom and bust cycle? Zillow reaches 70 million unique users per month.
By drhousingbubble You can’t stop the internet when it comes to real estate data. Zillow is a great example of technology revolutionizing the way people view real estate. Some of you are old enough to remember when the closely guarded MLS was only accessible by your local real estate agent. Unless you were ready to […]
Economist: 3 major things you need to know about the 2014 housing market
The following list was put together by a veteran housing economist, asked by HousingWire for his opinion on the near-term future of the markets we cover daily. Here’s David Berson’s take on the 3 things you need to know about housing in 2014. …read more
Chinese Investors Discover Chicago Real Estate with $304M Deal – Forbes – Forbes
ForbesIn the latest sign of China’s growing interest in U.S. real estate assets, a Chinese investor last week teamed up with a local Chicago firm to buy a 65-story office building in America’s third-largest city for $304 million. The acquisition by Cindat … …read more
Chinese Investors Discover Chicago Real Estate – Forbes
ForbesIn the latest sign of China’s growing interest in U.S. real estate assets, a Chinese investor last week teamed up with a local Chicago firm to buy a 65-story office building in America’s third-largest city for $304 million. The acquisition by Cindat … …read more
Monday Morning Cup of Coffee: Fannie, Freddie exit bill finally arrives
Everything you need to know about the Johnson-Crapo bill. Also, Federal Reserve Janet Yellen could have a trick up her sleeve for this week’s FOMC meeting. Plus, the real reason the stock market tanked last week? …read more
Moving on: Downtown Plaza’s small retailers scatter ahead of the wrecking ball – Merced Sun-Star
Merced Sun-StarThe eight employees of the jeweler’s three Downtown Plaza outlets have been offered positions at the chain’s stores in Stockton, Fresno, Modesto and San Rafael, she said. Just a few hundred yards down the mall, All Star Sports is throwing in the towel … and more …read more
Moving on: Downtown Plaza’s small retailers scatter ahead of the wrecking ball – Modesto Bee
Moving on: Downtown Plaza’s small retailers scatter ahead of the wrecking ballModesto BeeThe eight employees of the jeweler’s three Downtown Plaza outlets have been offered positions at the chain’s stores in Stockton, Fresno, Modesto and San Rafael, she said. Just a few hundred yards down the mall, All Star Sports is throwing in the towel. […]
Moving on: Downtown Plaza’s small retailers scatter ahead of the wrecking ball – Sacramento Bee
Moving on: Downtown Plaza’s small retailers scatter ahead of the wrecking ballSacramento BeeAfter 17 years, the popcorn lady is rolling out. ZEE Jewelers is moving to another mall in Fairfield. And All Star Sports is closing for good, putting all its football, hockey and basketball team gear on sale, as well as the store’s fixtures. […]
Growth In Asia-Pacific Real Estate Investment Is Poised To Slow This Year – Forbes
Growth In Asia-Pacific Real Estate Investment Is Poised To Slow This YearForbesTorrid growth in real–estate investment in the Asia-Pacific is poised to slow this year, and the region will underperform an expected double-digit increase in real estate investment globally, according to a report this week by Cushman & Wakefield, the … …read more