'Pippa the Flippa' and the flipping housing market

'Pippa the Flippa' and the flipping housing market

Pip Hally, sometimes dubbed “Pippa the Flippa”, has flipped four homes in the past 18 months. But transforming a house into a “palace” doesn't always guarantee house flippers a tidy profit, she says. Hally has been flipping homes since 2009, and despite nailing down profits in the six figures in
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Bloomberg View Radio: Weekend Edition for the Week of 3-9-18

Guests: Leonid Bershidsky, Bloomberg View columnist: “Twitter Can't Engineer a Healthy Conversation.” Samuel Estreicher, law professor at New York University and director of its Center for Labor and Employment Law, and Bloomberg columnist: “How Unions Can Survive a Supreme Court Defeat.
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Monday 3/12 Insider Buying Report: MDLZ, BK

At Mondelez International ( MDLZ ), a filing with the SEC revealed that on Friday, Director Peter W. May bought 1,028,600 shares of MDLZ, for a cost of $44.27 each, for a total investment of $45.54M. May was up about 0.9% on the purchase at the high point of today's trading session, with MDLZ trading
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Louisville bank selling to credit union

With the purchase, ETFCU will now offer an array of loan and deposit products under its mortgage division brand name Liberty Financial. ETFCU — which consistently leads the Evansville area in market share for retail deposits and mortgage financing — will increase its current mortgage production with
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The 10 Happiest Cities in America: Is No. 1 Silicon Valley's Best Kept Secret?

“Fremont is a more affordable city in the [San Francisco] Bay Area compared to other towns in the vicinity, yet is well-positioned to take advantage of all the area offers with an abundance of tech-related job opportunities as well as culture and lifestyle,” says California-licensed real estate agent Cara
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Bobby Brown Responds To Nick Gordon's Domestic Violence Arrest By Lending A Hand To The …

Bobby Brown does not want Nick Gordon's girlfriend to end up like Bobbi Kristina Brown. The music superstar and his attorney offered their support to Laura Leal after Gordon was arrested on domestic violence charges in Florida on Saturday. As we reported, Gordon was booked in jail on Saturday, and
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Has the GTA market taken a u-turn, as demand drops and supply soars? This expert says yes

For years, the Toronto housing market has been a story of supply and demand, with too little of the former and too much of the latter driving prices to record heights. But according to one economist, that hasn't been the case in 2018. “On the demand side, Toronto home sales slumped again in February,
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Why Navistar International, Radian Group, and Blue Apron Holdings Slumped Today

Analysts at Wells Fargo noted that government-sponsored enterprise Freddie Mac and insurance company Arch Capital are working on a pilot program that could result in the diversion of a substantial portion of the mortgage insurance business away from Radian and its peers. In particular, Wells said
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Housing Market Leverage – How Good (Or Bad)?

Additionally, there are new regulations on housing loans, whereby banks have raised their lending standards and borrowers don't want to repeat the same mistakes again especially since over a million home mortgages are still underwater. This is not to say that certain city level housing markets aren't in
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'Who saw that coming?' Real estate experts say it's an exciting time to be in the business

MILWAUKEE — Real estate experts say it's an exciting time to be in the business in Wisconsin. “If someone's thinking about selling real estate, now is a fantastic time to buy something,” said Jean M. Stefaniak, Wisconsin Realtors Association. At the 6th annual Wisconsin Residential Real Estate Summit in
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Apple Buys Texture Magazine Service in Subscription Push

… Fair, Vogue, and Bloomberg Businessweek. The app is currently run by Next Issue Media LLC, owned by a group of publishers and other companies including Hearst Corp., Meredith Corp., News Corp., Rogers Communications Inc. In 2014, private-equity firm KKR invested $50 million in the company.
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Morgan Stanley Lending Pro Joins Rockefeller Capital

In his latest invasion of Morgan Stanley Wealth Management's management suite, the firm's former president Greg Fleming has tapped its former high-net-worth lending head Michael Brakey to put together a credit and and banking business for his new venture at Rockefeller Capital Management.
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Mortgage Network Celebrates 30 Years in Business

“Our culture at Mortgage Network is unique,” Koss said. “We're passionate about what we do. Plus we have a flat management structure and no egos, which is rare in this business. As a privately-held company, we make our own loan decisions and can cut through red tape to help borrowers.
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Debt, Debt And More Debt

The problem in subprime was that too many players had no real skin in the game. Thanks to various legislative acts, the banks issuing mortgages were incentivized to immediately turn around and sell them to Fannie Mae (OTCQB:FNMA) or Freddie Mac (OTCQB:FMCC) – particularly the subprime loans.
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Truewealth LLC Invests $773000 in Fortune Brands Home & Security Inc (FBHS) Stock

Fortune Brands Home & Security logo Truewealth LLC purchased a new position in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor
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Texas Housing Market Rebuilds After Hurricane Harvey

Turns out, their fears of a wounded market were needless. “Despite the devastation of Hurricane Harvey,” said Kaki Lybbert, Chairman of the Texas Association of Realtors, “the Texas housing market had a very strong fourth quarter, helping solidify 2017 as another record-breaking year in Texas real
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Caliber Home Loans Debuts New Apps

“We customized each of these new mobile apps to provide user- friendly access to all touchpoints in the mortgage system,” Caliber CEO Sanjiv Das said. “This greatly increases the efficiency of the process and will help us close loans even faster. And we're well-aware that today's consumers prefer to
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'Twas ever thus? Vancouver real estate headlines 30 years ago

It's easy to think that the problems facing Vancouver's housing market are relatively new. But if you take a look back at headlines from 20 or 30 years ago, you'll see a different story. Thanks to an extensive collection of real estate news clippings from Vancouver Courier columnist and local developer
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Turkish cities, leading real estate firms to display projects at MIPIM 2018

A number of Turkish cities and real estate developers are once again presenting their ambition in the reconfiguration of global urbanization and its changing trends. A number of Turkish cities and companies are showcasing their projects at the world's largest real estate fair, MIPIM 2018, which starts
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Just Approved: Buyer uses new alternative to second mortgage, purchases home with 10 percent …

As a direct mortgage lender and broker, Guaranteed Rate offers many solutions for clients. As such, Banducci researched a new option. The solution for this client was the Unison HomeBuyer program. Instead of using a second mortgage to meet the standard 20 percent down payment guidelines or
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