Top Headlines
Broker Demands $23K Commission from Elderly Widow After Broken Leg Results in Canceled Home Sale
Jackeline Estrada and her buyers amicably agreed to cancel the sale. Continue Reading Broker Demands $23K Commission from Elderly Widow After Broken Leg Results in Canceled Home Sale
Average Title Insurance Claim Cost for Fraud and Forgery is $143,000
Nearly 30% of title insurers’ losses and claims expenses arose from title problems not discoverable from a public records search. Continue Reading Average Title Insurance Claim Cost for Fraud and Forgery is $143,000
Kim Hoffman Named President at Adfitech
Hoffman was previously head of mortgage operations at SoFi. Continue Reading Kim Hoffman Named President at Adfitech
Jonathan Pollack to Become President at Starwood Capital Group
Pollack was Blackstone’s global head of the firm’s real estate credit business since 2016. Continue Reading Jonathan Pollack to Become President at Starwood Capital Group
Reynolds Asset Management Acquires Two Multifamily Properties in Texas
The 360-unit acquisition is a joint venture with Jeff Juster’s Newport Capital Advisors LLC. Continue Reading Reynolds Asset Management Acquires Two Multifamily Properties in Texas
Metaverse Land Prices Mirror Real-World Real Estate as Investors Flock to Virtual Worlds
Source: PYMNTS --- Thinking about building a club or a casino or a virtual storefront in the metaverse? Better talk to a broker, because at least some of that augmented reality (AR) land is priced through the roof. On Tuesday (Nov. 23) Reuters reported that Tokens.com...
No, the housing market isn’t about to crash—but Redfin does say some good news awaits buyers in 2022
Source: Fortune --- It’s understandable that some sidelined home shoppers think this unprecedented housing market is set to pop. They see an ongoing real estate run—which has sent U.S. home prices soaring 19.9% over the most recent 12-month period—that echoes the last...
A Subtle New Pitfall For Mezzanine Loan Borrowers
Source: Forbes --- Commercial real estate financing structures often include not only mortgage loans but also mezzanine loans. These latter loans are secured by pledges of ownership interests in the mortgage borrower. If the mezzanine loan defaults, the mezzanine...
Millennials Are Now the Biggest Generation and Mortgage-Makers
Source: Motley Fool --- Key Points Millennials now outnumber baby boomers and account for more than half of new mortgage applications. Gen X was the biggest buyer just five years ago but has seen its share slip ever since. High-tech markets and some major mid-sized...
Mortgage assistance program available for North Las Vegas homeowners
Source: Fox 5 --- A non-profit organization is offering to help catch families or individuals up on up to 6 months of mortgage back payments or future payments. Chicanos Por La Causa (CPLC) said $300,000 of aid is available. Housing Director Rumaldo Chaidez, said...
Pregnant Women Are Being Denied Mortgages Due To Change In Earnings
Source: Refinery 29 --- Pregnant women and new mothers who apply for mortgages with some of the UK’s biggest lenders are being declined because taking time out from work will cause a temporary drop in earnings, Refinery29 has learned. Thirty-two-year-old Isabelle...
I want to refinance my mortgage, but I’m about to turn 70. Is it wise to refinance at my time of life?
Source: Market Watch --- Dear MarketWatch, I hope you can help me figure this out. I am 69 years old and will turn 70 at the end of the month. I’ve been offered a cash out refinance loan and need to decide whether to take a 15- or 30-year loan. My monthly obligation...
How to take a green approach to your finances
Source: Independant.ie --- Doing your bit for the environment could save you thousands on your loan or mortgage and knock a few bob off your insurance, while investing in ‘green’ companies could reap you handsome profits – if you invest wisely. Of course, financial...
Borrowers can fix their mortgage at less than three per cent for 30 years
Source: Daily Mail --- Borrowers are to get the chance to fix their mortgage rate for 30 years at less than three per cent, The Mail on Sunday can reveal. Specialist lender Kensington Mortgages will this week launch fixed-rate deals on home loans that last for 25 and...
REITs Vs. Private Equity Real Estate: What’s The Best Way To Invest?
Source: Seeking Alpha --- Investors are constantly faced with the choice of how to allocate scarce investment capital. Most of those fortunate enough to have a meaningful amount of funds to invest know the benefits of exposure to commercial real estate, especially in...
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