Archive for 'Boston Condos'

Zillow begins rollout of significant Premier Agent changes

Posted 27 May 2018 | By | Categories: Boston Condos | No Comments

Zillow previously disclosed that it would soon bring several significant changes to its Premier Agent program “over the next several months.” Now, reports have reached HousingWire that this rollout has begun. https://www.housingwire.com/articles/43522-zillow-begins-rollout-of-significant-premier-agent-changesRead More

WSJ: Coastal Texas towns weigh pros and cons of mandatory storm proofing

Posted 27 May 2018 | By | Categories: Boston Condos | No Comments

In the wake of Harvey, Texas coastal towns are weighing the pros and cons of adopting insurance industry-approved building requirements. Lack of available insurance options, cost of building and the potential for increased storm frequency all factor into the decision making process for these municipalities. https://www.housingwire.com/articles/43508-wsj-coastal-texas-towns-weigh-pros-and-cons-of-mandatory-storm-proofingRead More

Newport Beach couple caught in real estate fraud scheme

Posted 27 May 2018 | By | Categories: Boston Condos | No Comments

A Newport Beach couple was charged with multiple felonies after authorities alleged they committed $59 million in real estate fraud. The couple now faces combined total of up to 80 years in jail. https://www.housingwire.com/articles/43507-newport-beach-couple-caught-in-real-estate-fraud-schemeRead More

Freddie Mac: Homebuyers are resilient despite housing market challenges

Posted 27 May 2018 | By | Categories: Boston Condos | No Comments

Although homebuyers struggle with affordability and low supply, a healthy economy and strong consumer confidence are expected to lead to an increase of sales, according to Freddie Mac’s newly released monthly outlook for May. https://www.housingwire.com/articles/43525-freddie-mac-homebuyers-are-resilient-despite-housing-market-challengesRead More

Fannie Mae: State housing finance agency mortgages may default less than traditional loans

Posted 25 May 2018 | By | Categories: Boston Condos | No Comments

Affordable lending programs administered through state Housing Finance Agencies have limited studies specifying how HFA mortgages compare to regular mortgages, but a recent analysis conducted using Fannie Mae data suggests that HFA mortgages are less likely to default. https://www.housingwire.com/articles/43477-fannie-mae-state-housing-finance-agency-mortgages-may-default-less-than-traditional-loansRead More

Opendoor expands home trade-in program to all builders

Posted 24 May 2018 | By | Categories: Boston Condos | No Comments

Opendoor, an online marketplace that buys homes directly from homeowners, announced this week it has expanded its Homebuilder Program beyond its pilot and is now available to all homebuilders. Homeowners using the program can sell their existing home to Opendoor and be connected with a homebuilder that will build them a new home, all in one transaction.   https://www.housingwire.com/articles/43455-opendoor-expands-home-trade-in-program-to-all-buildersRead More

Time’s Up: Yes, it’s happening here, too

Posted 23 May 2018 | By | Categories: Boston Condos | No Comments

The #TimesUp and #MeToo movements have swept across the U.S. as more women begin to stand up and say no more. Within the mortgage industry, the topic has been able to stand in the shadows, and no one really knows how common the behavior actually is. That is, until now. https://www.housingwire.com/blogs/1-rewired/post/43442-times-up-yes-its-happening-here-tooRead More

Lenders: Goldman Sachs, Zillow entering fix-and-flip market is a good thing

Posted 23 May 2018 | By | Categories: Boston Condos | No Comments

Over the last few years, the market for financing fix-and-flip projects and single-family rentals has grown significantly. In just the last year or so, massive players like Goldman Sachs, Zillow, Redfin, and others have entered those markets. And one might think that current operators in the fix-and-flip market would view those big companies entering the market as a bad thing, but that’s not the truth. https://www.housingwire.com/articles/43440-lenders-goldman-sachs-zillow-entering-fix-and-flip-market-is-a-good-thingRead More

Guaranteed Rate partners with DocMagic, cuts borrower time spent at closing table to 10 minutes

Posted 23 May 2018 | By | Categories: Boston Condos | No Comments

Guaranteed Rate is partnering with DocMagic to roll out eClosing technology that can slash closing times to 10 minutes flat. https://www.housingwire.com/articles/43438-guaranteed-rate-partners-with-docmagic-cuts-borrower-time-spent-at-closing-table-to-10-minutesRead More

House passes Dodd-Frank reform bill, approval now pending from President Trump

Posted 23 May 2018 | By | Categories: Boston Condos | No Comments

On Tuesday, the House of Representatives passed S. 2155, also known as the Economic Growth, Regulatory Relief and Consumer Protection Act. The bill rolls back reforms from the 2010 Dodd-Frank Act and promises to provide regulatory relief to credit unions and community banks. Click the headline to read more. https://www.housingwire.com/articles/43443-house-passes-dodd-frank-reform-bill-approval-now-pending-from-president-trumpRead More

Zillow: Rent vs. buy break-even point falls by a month in Q1

Posted 22 May 2018 | By | Categories: Boston Condos | No Comments

It now takes an average of 1.96 years for the accumulated cost of renting a home to equal the cost of owning that same home, according to a recent report from Zillow. https://www.housingwire.com/articles/43426-zillow-rent-vs-buy-breakeven-point-falls-by-a-month-in-q1Read More

These 12 American cities are future-proof

Posted 22 May 2018 | By | Categories: Boston Condos | No Comments

Recent research suggests that some of America’s most popular cities are fully prepared to tackle long-term socio-economic and commercial real estate momentum, according to firm Jones Lang LaSalle. https://www.housingwire.com/articles/43428-these-12-american-cities-are-future-proofRead More

Cybersecurity experts: Data breaches are a matter of when, not if

Posted 22 May 2018 | By | Categories: Boston Condos | No Comments

To hear several cybersecurity experts tell it, data breaches are all but inevitable at every company, no matter how small they may be. The only choice for companies, at this point, is to be prepared for what’s coming. That was the message during the “Business Response to Cyber Risk” panel held Monday at the Mortgage Bankers Association’s Commercial/Multifamily Servicing and Technology Conference, which is going on right now in Miami. https://www.housingwire.com/articles/43427-cybersecurity-experts-data-breaches-are-a-matter-of-when-not-ifRead More

HUD kills key tool used to enforce Obama fair housing rule

Posted 20 May 2018 | By | Categories: Boston Condos | No Comments

The Trump administration just took another significant step toward derailing a controversial fair housing rule issued by the Obama administration in 2015. HUD announced late Friday afternoon that it is “withdrawing” a computer tool that was to be used to enforce the Obama administration’s Affirmatively Furthering Fair Housing rule. https://www.housingwire.com/articles/43415-hud-kills-key-tool-used-to-enforce-obama-fair-housing-ruleRead More

MBA report indicates minor uptick in commercial and multifamily lending

Posted 19 May 2018 | By | Categories: Boston Condos | No Comments

Commercial and multifamily loan originations registered a very minor uptick in the first quarter, but it is probably not enough to fight off the overall cooling of the market as commercial real estate comes down from 2017 highs. https://www.housingwire.com/articles/43399-mba-report-indicates-minor-uptick-in-commercial-and-multifamily-lendingRead More

Notarize raises $20 million, with help from housing giants Lennar and Realogy

Posted 19 May 2018 | By | Categories: Boston Condos | No Comments

Notarize, a digital platform that allows for legal, online document notarization, announced this week that it raised $20 million in its Series B round of funding. The capital raise nearly doubles the amount of money the company has raised so far. But what’s more interesting than Notarize raising $20 million is where the money is coming from. https://www.housingwire.com/articles/43402-notarize-raises-20-million-with-help-from-housing-giants-lennar-and-realogyRead More

Another scandal: Wells Fargo alters corporate customers’ documents

Posted 19 May 2018 | By | Categories: Boston Condos | No Comments

Wells Fargo finds itself in the midst of yet another scandal as a new report surfaces, showing the employees in the unit which handles its business banking illegally altered its customers’ documents. And this latest scandal stems from actions taken by employees in 2017 and even early 2018 as they rushed to meet deadlines. https://www.housingwire.com/articles/43401-another-scandal-wells-fargo-alters-corporate-customers-documentsRead More

Arbor Realty Trust closes sale of $25M in senior unsecured notes

Posted 19 May 2018 | By | Categories: Boston Condos | No Comments

Arbor Realty Trust appears to be gearing up for a run of investments, announcing its second money-making move this week. Following the company’s Wednesday announcement that its selling 5.5 million shares, Arbor Trust announced on Thursday it closed the sale of $25 million in unsecured senior notes. https://www.housingwire.com/articles/43400-arbor-realty-trust-closes-sale-of-25m-in-senior-unsecured-notesRead More

Q&A: LoanScoreCard’s Ben Wu on the rise of non-QM lending

Posted 19 May 2018 | By | Categories: Boston Condos | No Comments

In a Q&A with HousingWire, Ben Wu, executive director of LoanScorecard, discusses the recent surge in non-agency/non-QM mortgage lending, the challenges in that market and how technology can be utilized to help lenders with these challenges. As Wu points out, “With more than 20 million sole proprietors in the U.S., there is pent-up demand for mortgage product that can accept income documentation other than the ‘Appendix Q’ requirement of QM loans.” https://www.housingwire.com/articles/43403-qa-loanscorecards-ben-wu-on-the-rise-of-non-qm-lendingRead More

Dodge Analytics: Residential construction starts fell 9% in April

Posted 19 May 2018 | By | Categories: Boston Condos | No Comments

Residential construction starts faltered in April as did the rest of the construction sectors, according to a report by Dodge Data & Analytics. The report showed that residential construction starts, both single-family and multifamily, totaled 303.8 billion, a 9% decrease from March. Multifamily dropped by 20%, which signaled the second declining month in a row. https://www.housingwire.com/articles/43404-dodge-analytics-residential-construction-starts-fell-9-in-aprilRead More

What We’re Reading: May 14-18

Posted 19 May 2018 | By | Categories: Boston Condos | No Comments

Technology, science, and rent. Has your home’s tech lost its edge? Or has it reached its pinnacle, replete with parlor walls? If you have a service animal, check new airline policies before booking travel. I saw two pigeons smugly ignoring some hostile architecture last Saturday. Have you noticed hostile designs in your community? Joe/flickr/2017 Is this a threat to manual labor, or a solution? Predictions are the traditional gloom and doom. How will artificial intelligence enhance Zillow’s listings? Please cure our common cold! Does your brokerage do this? Sure, her NYC rent remained $28.43 per month, but you get what you pay for.   http://feedproxy.google.com/~r/InfocentralBlog/~3/76WPUf-yhlg/Read More

[PHOTOS] Shaq to sell massive Florida mansion for $28M

Posted 19 May 2018 | By | Categories: Boston Condos | No Comments

Basketball legend and sports commentator Shaquille O’Neal recently put his 31,000 square-foot home on the market for $28 million. https://www.housingwire.com/articles/43408-photos-shaq-to-sell-massive-florida-mansion-for-28mRead More

Property management tech provider Mynd raises $20 million

Posted 19 May 2018 | By | Categories: Boston Condos | No Comments

Property management technology provider Mynd announced this week that it raised $20 million in its Series B funding. Mynd was founded in 2016 by Doug Brien and Colin Wiel, who previously founded Waypoint Homes, a single-family rental operator that eventually grew into the largest player in the industry. https://www.housingwire.com/articles/43407-property-management-tech-provider-mynd-raises-20-millionRead More

Bank of America enlists AI to pay your mortgage

Posted 19 May 2018 | By | Categories: Boston Condos | No Comments

Bank of America announced Friday the release of its artificial intelligence-driven virtual assistant to assist mobile customers with their financial services. The virtual assistant, Erica, is still learning and becomes smarter the more she is used. https://www.housingwire.com/articles/43406-bank-of-america-enlists-ai-to-pay-your-mortgageRead More

NAR midyear forecast: Despite inventory, home sales expected to rise in 2018

Posted 19 May 2018 | By | Categories: Boston Condos | No Comments

Several speakers at the 2018 Realtors Legislative Meetings and Trade Expo stated that they are forecasting a slight increase in home sales for 2018, but that growth won’t come without some obstacles. Despite a strengthening economy, wage growth and improving job market, issues like low supply and affordability may threaten the rate of increase for home sales in 2018, according to the speakers. https://www.housingwire.com/articles/43405-nar-midyear-forecast-despite-inventory-home-sales-expected-to-rise-in-2018Read More