Private mortgage insurance industry experiencing renaissance
The private mortgage insurance industry is experiencing what may be the beginning of a renaissance as it rides the back of a housing recovery and assumes a bigger role in mortgage finance as the...
Ringleading at the listing syndication circus [VIDEO]
Russ Bergeron is chief executive officer of Midwest Real Estate Data LLC (MRED), a real estate data aggregator and distributor that operates a regional multiple listing service for nearly 40,000 brokers, agents and appraisers...
Real estate deductions on the chopping block?
Media attention has been focused on Congress’ partisan food fight over shutting down the government and defunding Obamacare. But outside the spotlight last week something potentially more important for real estate was taking shape...
Berkshire Hathaway HomeServices franchise open for business
San Diego-based Prudential California Realty became the first brokerage to make the move to the new Berkshire Hathaway HomeServices (BHHS) real estate network today, officially establishing billionaire Warren Buffett’s firm in the real estate...
Crowdfunders get a boost as JOBS Act provision kicks in
Starting today, many private companies that previously faced strict marketing restrictions may now seek to raise money by advertising to the public, likely portending increased interest in once-obscure investments. Title II of the Jumpstart Our...
DNA tests uncover condo’s dog poo pick-up violators
A condo community in northern New Jersey has turned to DNA tests to determine which residents fail to pick up after their dogs. All dogs in the complex receive a DNA profile and when...
Senator urges Fannie and Freddie regulator to support clean energy retrofits
Sen. Barbara Boxer, D-Calif., sent a letter to the acting director of the Federal Housing Finance Agency today, urging the agency to support California’s Property Assessed Clean Energy (PACE) programs, which would allow homeowners and businesses...
Secondary market for jumbo loans showing signs of life
Investors appear to have a greater appetite for risk, judging by the increasing complexity of new “private label” mortgage-backed securities not guaranteed by Fannie Mae and Freddie Mac, Bloomberg News reports. The secondary market...
1,000 Citigroup mortgage workers to be shown the door
With rising mortgage rates spelling the end of the refi boom, Citigroup is laying off 1,000 workers who work in its mortgage business in places like Las Vegas and Irving, Texas, the Wall Street...
Reuters: DoJ to sue JP Morgan Chase over mortgage-backed securities
JPMorgan Chase & Co. may be headed to court over mortgage-backed securities it sold during the housing boom. Reuters reports that the U.S. Department of Justice is preparing a suit, although it “was not...
