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One57 foreclosure shatters price dreams at billionaires' tower

Thu, 11/16/2017 - 12:47
When a full-floor penthouse at Manhattan's One57 sold at a foreclosure auction, it didn't just settle an international mortgage gone bad.

Hurricane Irma didn't damage home values across Manatee-Sarasota

Thu, 11/16/2017 - 09:44
Hurricane Irma could do little to slow surging home prices in the Manatee-Sarasota region in September. Or across Florida, for that matter.

Renters in Sonoma County on edge as market tightens after fires

Thu, 11/16/2017 - 09:44
Sonoma County, Calif., renters, property managers and housing advocates say the October wildfires grabbed hold of a constrained rental market and squeezed it by the throat.

Appraisers and homeowners almost agree on home values

Thu, 11/16/2017 - 09:44
Appraiser and homeowner opinions on home values continue to converge, with the gap between the two viewpoints narrowing for the fifth consecutive month.

J.G. Wentworth reduces net loss, posts mortgage gains

Thu, 11/16/2017 - 09:44
The J.G. Wentworth Co.'s financial results improved in the third quarter, due in part to an increase in mortgage originations, but it continued to operate at a loss.

Loan performance continues to slip in oil-dependent areas

Thu, 11/16/2017 - 09:44
Even as rates on seriously delinquent and foreclosed mortgages nationwide track at their lowest levels in a decade, loan performance continues to slip in areas dependent on oil industry employment.

Wells readies CMBS conduit pooling smaller commercial mortgages

Wed, 11/15/2017 - 15:16
The $785 million transaction, 2017-C41, is backed by a pool of 52 loans with an average balance of just $15.1 million, according to Kroll Bond Rating Agency; retail, hotel and office properties dominate the mix.

CFPB requests information on free access to credit scores

Wed, 11/15/2017 - 15:16
The Consumer Financial Protection Bureau is seeking more information about consumers' experience with free access to credit scores.

It took two years to sell this bank. Now the heavy lifting starts

Wed, 11/15/2017 - 15:16
Sterling Bancorp in New York is determined to turn Astoria Financial's largely residential operation into a commercial powerhouse. While investors are skeptical, CEO Jack Kopnisky has proven in the past that such an ambitious plan is doable.

Cheat sheet: Inside Crapo’s reg relief deal with Democrats

Wed, 11/15/2017 - 15:16
The regulatory relief bill would raise the SIFI threshold to $250 billion of assets and allow mortgages held in portfolio to be counted as "qualified," among other items, but it is far less sweeping than institutions had hoped.

General contractor seeks foreclosure on Connecticut theater

Wed, 11/15/2017 - 15:16
The general contractor in the renovation of Wall Street Theater in Norwalk, Conn., has filed a motion in court seeking to collect on a mechanic's lien.

Florida real estate agent accused of duping home buyers

Wed, 11/15/2017 - 12:13
A real estate agent allegedly duped two home buyers into thinking they had purchased a Boynton Beach, Fla., residence but instead pocketed their down payment and monthly payments, according to an arrest report.

Baltimore-area home sales, prices continue to climb in October

Wed, 11/15/2017 - 12:13
Baltimore-area home sales and prices continued their upward climb in October, as inventory contracted for the 26th consecutive month.

10 years later, home prices are back at bubble levels

Wed, 11/15/2017 - 12:13
Home prices have returned to the boom levels of 10 years ago, which originally signaled the bursting of the housing bubble and the onset of the Great Recession, but today's market is notably different, according to realtor.com.

J.G. Wentworth restructures as its mortgage unit shows strength

Wed, 11/15/2017 - 12:13
Lenders holding a majority share in The J.G. Wentworth Co. agreed late last week to restructure and deleverage the embattled company as its operations stabilize and its mortgage unit grows.

Both parties' voters fear rising taxes could force a home sale

Wed, 11/15/2017 - 12:13
As Congress debates tax reform and which deductions to remove, a majority of homeowners from both parties worried that rising property taxes could force them to sell.

Washington can’t save community banks. It can’t even save itself

Wed, 11/15/2017 - 09:10
During the past year, many have hoped for action from Washington that would alleviate regulatory burden and stem the rapid pace of consolidation. But in the current political environment, that appears increasingly unlikely.

San Francisco no longer the least affordable housing market

Wed, 11/15/2017 - 09:10
After nearly five years of being the nation's least affordable housing market, San Francisco was surpassed by another California city as the national median home price increased, according to the NAHB/Wells Fargo Housing Opportunity Index.

Do Justice and HUD see eye to eye on False Claims Act enforcement?

Wed, 11/15/2017 - 09:10
Trump officials have made clear their intent to reexamine how Federal Housing Administration lenders are cited under the False Claims Act, but whether that means lenders can rest easier is an open question.

Mortgage deduction helps housing lobby, but not homeowners

Wed, 11/15/2017 - 09:10
The battle lines are drawn between those seeking to protect the mortgage interest deduction and a legislative effort to greatly reduce its use. Hopefully, this is a battle that taxpayers will win.