Real Estate

Real estate development, sales, and market trends.

ARTICLES

  • Vacation rental management company Vacasa raises $64 million

    Company manages portfolio of more than 10,600 vacation homes
    Vacasa, which bills itself as the “largest vacation rental company” in North America, recently raised $64 million to power its future growth. According to the company, despite its size, the company only represents 2% of the total vacation rental market. And it views that as a big opportunity moving forward.
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  • Class Appraisal names Gary Ferguson as its new CTO

    Ferguson will lead Class Appraisal's new tech development efforts
    Class Appraisal named Gary Ferguson as its chief technology officer to spearhead its pursuit of tech solutions. Ferguson has 20 years of experience in enterprise application development and has spent most of his career in the mortgage industry. Prior to joining Class Appraisal, Ferguson was CTO at Centric Technology Solutions.
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  • Former LandCastle Title CEO Nat Hardwick found guilty of embezzling $26 million

    Hardwick accused of taking $26 million from now-bankrupt law firm’s accounts
    Nathan (Nat) Hardwick, the former chief executive officer of LandCastle Title and former managing partner of Morris Hardwick Schneider, was found guilty late last week of embezzling more than $25 million from his former companies, bringing an end to a massive scandal that destroyed a prominent real estate firm and left hundreds of people without a job.
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  • BMO Harris confirms face-to-face mortgage employee layoffs

    The bank is consolidating behind a call-center strategy, could eliminate 170 jobs
    BMO Harris recently confirmed that it is indeed cutting back its face-to-face mortgage operations with a round of layoffs. According to The Chicago Tribune, the company still won’t put a number on the amount of jobs it will eliminate but the Milwaukee Journal Sentinel said it could be 170 jobs based on an internal document it reviewed when the news of the cuts first broke.
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  • Taylor Morrison Home Funding integrates LodeStar tech

    The mortgage division of the homebuilder can now issue fast, accurate quotes in all 50 states
    Taylor Morrison Home Funding integrated with LodeStar Software Solutions to quickly and accurately quote closing costs on new-home construction properties. Under the new partnership, Taylor Morrison Home Funding employees can obtain quotes instantly through Ellie Mae’s Encompass digital mortgage solution.
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  • Washington Post: HUD staffer shuffled to new agency, confusion and suspicion reigns

    In a surprise move, HUD Assistant Secretary Suzanne Israel Tufts has joined the Interior Department as acting inspector general
    In a highly unusual move, U.S. Department of Housing and Urban Development Assistant Secretary Suzanne Israel Tufts was moved to the Interior Department to serve as acting inspector general overseeing four investigations into Secretary Ryan Zinke’s conduct.
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  • AFR Wholesale announces partnership with Floify

    New partnership could reduce loan processing time by 15 hours per loan
    AFR Wholesale and Floify announced Wednesday both companies shook hands on a partnership, and AFR will now use Floify’s point-of-sale technology. AFR’s goal in partnering with Floify is to reduce origination time and increase broker productivity.
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  • RealPage to pay $3 million to settle FTC allegations of faulty tenant screenings

    FTC claims RealPage screenings could have returned incorrect criminal records
    RealPage will pay $3 million in a settlement with the Federal Trade Commission, which accused the real estate tech and data company of providing landlords and property managers with faulty tenant screening results over a five-year period. According to the FTC, RealPage’s screening reports could have shown incorrect criminal records for a prospective tenant because of the company’s limited filtering system on its screenings.
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  • 6 Questions with 6 HUD Executives, Ep. 5: Assistant Secretary Anna Maria Farias

    Farias talks about her motivations, taking down corruption and the real reason HUD went after Facebook
    Anna Maria Farias shares a special bond with Department of Housing and Urban Development Secretary Ben Carson. Farias also grew up in public housing. She, like Carson, fought hard to achieve a greatness unparalleled. Farias was the child of a single parent who struggled to make ends meet, and she witnessed first-hand the discrimination and harassment her mother faced daily.
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