The fine print in real estate this week

The fine print in real estate this week

Filled with “must read” stories, industry news and reporter insights, exclusive interviews with local business leaders, and expanded Top 25 Lists.
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Government Sponsored Enterprise Investor Tim Pagliara Appeals Dismissal Of Freddie Mac Case …

Pagliara is appealing the dismissal of his Freddie Mac lawsuit to inspect the books and records. The government has filed two motions to dismiss in
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What Happens When a Real Estate Contract Falls Through

Buzz Kill – approximately 15% of all contracts (from Midwest Real Estate Data) in the North Shore communities of Winnetka, Wilmette, Kenilworth,
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A Mixed Day in Mortgage Banking

The National Association of Realtors (NAR) reported total existing-home sales … More disappointing news came from Freddie Mac's Primary Mortgage
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NCR launches mobile biz banking app

NCR Corporation (NCR), a global leader in omni-channel solutions, today announced the launch of Business Banking Mobile, extending the
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Tampa Bay home prices jumped 20 percent in August, more than any metro area in Florida

“The most recent housing crisis was the result of a collapse in demand, which led to depressed home prices and rising foreclosures,'' Yun writes in the
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ECB President Says Crowded Banking Sector Hurts Profits

FRANKFURT—European Central Bank President Mario Draghi said Thursday that overcrowding in Europe's banking sector is hurting profitability,
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Understanding the GSEs Fannie Mae and Freddie Mac

Fannie Mae and Freddie Mac are two of the world's largest corporations, operating in the rapidly expanding mortgage industry of the US. Lovely
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Prepayment Rate Hits Highest Level in Three Years

The June Brexit vote continues to have implications for the mortgage industry, as prepayment rates jumped even higher. Black Knight Financial
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Housing wizard Bricklane.com gets $1.3 million in seed round

Bricklane's motto is simple: help out “Generation Rent” by allowing them a stake in the property market. This way, saving money for a new home,
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Bank scams: It's not just Wells Fargo

Senate Banking Committee member Elizabeth Warren, D-Mass., center, questions Wells Fargo CEO John Stumpf on Capitol Hill in Washington on
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Wells Fargo names new middle-market banking head in Maryland

Wells Fargo & Co. has tapped a company veteran to head middle-market banking in Maryland. Susan Owens, who has been with the bank for 31
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Tax Talk: Are There Advantages to Buying U.S. Real Estate Through A Trust?

Every week, Mansion Global poses a tax question to real estate tax attorneys. Here is this week's question. Q: What are the advantages for
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Treasury Secretary Lew Says Merchant Banking Activities Need Review

Treasury Secretary Jacob Lew said Thursday that policy makers need to review whether current regulations are inconsistent in the way they treat bank
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Mortgage expert breaks down home financing basics

[anvplayer video=”1097268″] MYRTLE BEACH, SC (WBTW) – The market today might have you thinking about purchasing a house, whether as an
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Where Do You Get the Balls? – Wells Fargo's Banking Scandal

Adam Lowitt gives his take on Wells Fargo's brazen scheme to defraud millions of its customers.
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D-FW home prices rising at twice the national rate; August saw big jump

Dallas-Fort Worth home prices were 12 percent higher in August than a … “The housing market is starting to smooth out ever-so-slightly, as the peak
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FTC Action: Court Bans Mortgage Relief Scammers from Debt Relief Business

The operators of an alleged mortgage relief scam that preyed upon distressed homeowners are banned from the mortgage loan modification and debt
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Mortgage rates fall ahead of FOMC meeting

Through Wednesday, the 30-year fixed rate averaged 3.48 percent, down two basis points from the prior week, Freddie Mac reported. A year ago, the
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New Yorkers Gain Access to One-of-a-Kind Digital Real Estate with First .nyc Premium Domain …

These valuable and rare premium domain names are associated with real estate, interior design, construction, gardening and home improvement.
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