Standard & Poor’s is reportedly closing in on a $1.37 billion settlement with the U.S. Department of Justice and more than a dozen states over claims that S&P knowingly misled investors by issuing trumped up ratings for pre-crisis residential mortgage-backed securities.
Update: Google has since confirmed that it will expand to 18 cities within the four metro areas below, with construction to start “within several months,” according to Dennis Kish, the VP of Google Fiber. It also added that it is continuing to explore bringing fiber to Phoenix, Portland, Salt Lake City, San Antonio and San…
Zillow, Inc. (NASDAQ: Z), the leading real estate information and home-related marketplace, today announced that ReeceNichols has joined the Zillow® Pro for Brokers program. Based throughout Kansas andMissouri, ReeceNichols has 18 offices and approximately 2,000 agents in the Kansas City metro area who are participating in the program.
Barbara Corcoran, founder of New York City-brokerage The Corcoran Group and current “Shark Tank” investor, has given her seal of approval to real estate website provider Real Estate Webmasters, making an investment in the startup that values the company at $50 million
Defying the normal trend, home sales in December rose above the number of November sales by a significant 14.4%. Sales were also 3.9% above those of last December. Although home sales have generally been lower in 2014 than 2013, three of the last four months have experienced sales higher than the same month last year.
A Monday filing with the Securities and Exchange Commission shows that BlackRock is more than an interested party in the mortgage-backed securities whose loans are serviced by Ocwen and its affiliates. BlackRock also owns a substantial stake in Altisource Residential.
The company provides multiple listing service data customized to local markets for both real estate agents and firms, as well as consumers. The firm said it raised its latest capital from Brightstone Venture Capital, Confluence Capital Partners, Mike Bollinger and other angel investors.
Move Inc.’s new CEO Ryan O’Hara is in New York this week meeting other real estate industry players, many for the first time, at Real Estate Connect New York. O’Hara has been living and working in New York—most recently as president of the technology and marketing partnership division of Madison Square Garden Co. But the California native and Stanford graduate will soon relocate back to his home state. Move, which operates realtor.com® through an operating agreement with the National Association of REALTORS®, is based in San Jose.
Solutionstar Holdings LLC, an indirect wholly-owned subsidiary of Nationstar Mortgage Holdings Inc.NSM, +3.30% (“Nationstar”), announced today that it has closed the acquisition of Experience 1, Inc., the holding company for Title365, Trusted Signing and technology subsidiaries X1 Labs and X1 Xpress (collectively, “Title365”).
As your plans get more detailed, it's also more and more likely that they won't work exactly as you described them. Certainly, it's worth visualizing the thing you're working to build. When it works, what's it going to be like?...
FindTheBest, which boasts 25 million monthly visitors to its main website, findthebest.com, unveiled a database on findthehome.com today that lets consumers dig up performance statistics on more than 300,000 real estate agents. The performance data, acquired mostly from FindTheHome's primary source of listings, ListHub, include an agent’s total number of active listings, the locations of those listings, their median price, and an agent's total number of historical listings.
As I wing my way to New York City for Inman Connect, there’s a feeling I have had for a few weeks now that I can’t really shake. I think we’re on the cusp of a very big year for real estate technology – perhaps even a transformative one. Burning down The last few years … Continued
The mortgage business is set to substantially grow in 2015, with 88% of lenders surveyed by Fannie Mae saying that they are looking to expand their mortgage origination business, and 70% looking to expand their mortgage servicing business.
The first wave of 7.3 million homeowners who lost their home to foreclosure or short sale during the foreclosure crisis are now past the seven-year window they conservatively need to repair their credit and qualify to buy a home.
"These new features enhance the brokerage branding on for-sale listings as well as in our powerful directory," said Greg Schwartz, Zillow chief revenue officer. "Brokerages will now have the ability to showcase their brands in several new and prominent ways on every single one of their agents' listings, while having complete transparency to the sites where their listings appear."
Sindeo, a mortgage marketplace that arms consumers with insights into costs and fees to help them plan, qualify and shop for a mortgage with multiple lenders, has hired Trulia's Ginger Wilcox as chief industry officer as the company prepares to launch a new service for real estate professionals.
For the first time in 16 months, the total inventory of homes available for sale dropped last month, according to the National Association of REALTORS®. While the decline was slight – less than 1 percent month-over-month – the drop does represent “a reversal to the general growth of listings that had been occurring throughout 2014,” writes Lawrence Yun, NAR’s chief economist, at the Economists’ Outlook blog. “More inventories are needed, not less. Or else, home prices could re-accelerate.”
The spring home-buying season is just a couple months away. Due to the latest report on the continued slow down in home-price growth, S&P Case-Shiller believes the market isn’t ready. However, not all economists agree, with at least one giving 2015 a strong forecast.
“We had to verify the times with the escrow officers because we didn’t believe it at first," said Amy Moser, vice president of mortgage services at Mountain America Credit Union. "Digital closings are proving that secure delivery of documents prior to closing is not only convenient to our members, but extremely effective.”