News

May 8, 2013 10:37 AM
Crowdsourcing comes to commercial real estate

After spending five years as a commercial real estate broker, Michael Mandel knew the industry was desperately missing a critical component, transparency. 

That lack of transparency in the market led Mandel to create CompStak, which uses crowdsourcing to create a...

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May 8, 2013 11:03 AM
Supply and demand disruption plagues Southern California

Sterne Agee recently toured five Southern California new home communities between San Diego and Los Angeles. These communities are estimated to be 5% of the homebuilder coverage’s neighborhoods, but a prime example of the supply and demand problem happening throughout the...

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May 8, 2013 10:35 AM
Supply and demand disruption plagues Southern California

Sterne Agee recently toured five Southern California new home communities between San Diego and Los Angeles. These communities are estimated to be 5% of the homebuilder coverage’s neighborhoods, but a prime example of the supply and demand problem happening throughout the...

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May 8, 2013 08:50 AM
Carrington rebrands units to reflect one-stop shop approach

Carrington Holding Co. promotes the firm as a diversified real estate company with default, home inspection, investment, real estate and title solutions among others operating under one roof.

To reflect this business model, the company is renaming several business units...

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May 8, 2013 08:39 AM
Walker & Dunlop 1Q profit more than doubles

Walker & Dunlop more than doubled its 2013 first-quarter revenue, which soared to $69.2 million compared to $34.4 million for the same period a year earlier.

The spike in revenue is attributed to a 157% increase in loan originations and a 118% rise in the servicing...

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May 8, 2013 08:07 AM
Walker & Dunlop 1Q profit more than doubles

Walker & Dunlop more than doubled its 2013 first-quarter revenue, which soared to $69.2 million compared to $34.4 million for the same period a year earlier.

The spike in revenue is attributed to a 157% increase in loan originations and a 118% rise in the servicing...

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May 8, 2013 07:38 AM
Freddie Mac posts second largest income to date

Freddie Mac posted first-quarter net income of $4.6 billion Wednesday morning, up slightly from $4.5 billion in the fourth quarter of 2012 and the second largest profit in the enterprise's history.

It's the first quarter where earnings edged closer to the GSE's record...

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May 8, 2013 05:50 AM
Elevated refi activity pushes mortgage applications higher

Mortgage applications increased 7% for the week ending May 3 when compared to a week earlier, an industry trade group said Wednesday.

The steeper jump comes after only...

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May 7, 2013 03:22 PM
MBA: Fed will taper off QE this fall, stop purchases by 2014

Market observers believe the Fed’s continued monthly commitmentto acquiring $40 billion in agency mortgage-backed securities has served its purpose, with housing data showing...

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May 7, 2013 01:45 PM
MBA: Fed will taper off QE this fall, stop purchases by 2014

Market observers believe the Fed’s continued monthly commitmentto acquiring $40 billion in agency mortgage-backed securities has served its purpose, with housing data showing...

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May 7, 2013 12:08 PM
KB Home CEO: We're in the right markets

KB Home's chief executive officer sees a housing recovery taking hold in certain markets and feels well-positioned to capture some of the business.

"Across this country, we’re in the right markets," said Jeff Mezger, president and CEO of KB Home...

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May 7, 2013 11:57 AM
mREITs could boost the secondary market

Unlike hedge funds and other investment vehicles, mortgage real estate investment trusts are subject to a 'good asset' test that limits the majority of their investments to real estate assets.

Some housing market reform proposals rely in part on selling off the credit risk associated with...

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May 7, 2013 10:51 AM
mREITs could boost the secondary market

Unlike hedge funds and other investment vehicles, mortgage real estate investment trusts are subject to a 'good asset' test that limits the majority of their investments to real estate assets.

Some housing market reform proposals rely in part on selling off the credit risk associated with...

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May 7, 2013 10:23 AM
Low interest rates fuel February HARP refinancings: FHFA

A little more than 97,700 Fannie Mae and Freddie Mac mortgages refinanced through the Home Affordable Refinance Program (HARP) in February, representing 21% of the total refinance volume, the Federal Housing Finance Agency said...

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May 7, 2013 10:47 AM
Loan officers, banks tighten FICO standards

Obtaining a mortgage with a FICO score in the 620 range is more difficult in today's lending environment, the Federal Reserve concluded in its April survey of loan officers and bank lenders.

The Federal Reserve polled a little under 100 banks and found 32 of respondents...

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