4 out of 5 top banks get failing marks from settlement monitor
Four out of the nation’s five largest servicers — Bank of America, JPMorgan Chase, Citigroup, and Wells Fargo — are failing to comply with servicing rules set forth in the $25 billion national mortgage settlement reached last year, according to ...
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Fed prepared to end purchases of Treasurys, mortgage-backed securities by mid-2014
The Federal Reserve may taper its $85 billion-a-month Treasury and mortgage-backed securities habit later this year and wind those purchases down altogether by mid-2014 if the economy keeps chugging along, Fed Chairman Ben Bernanke said today — news that sent ...
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Court throws out NeighborCity’s antitrust claims against NAR, MRIS
A federal district judge has dismissed antitrust claims filed by the operator of real estate listing portal and agent ratings website NeighborCity.com against the National Association of Realtors and Mid-Atlantic multiple listing service Metropolitan Regional Information Systems Inc. (MRIS). NeighborCity.com’s ...
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Feast and Feed: Community event attracts leads and donations
David Wilfert knows hosting events like community garage sales is a time-tested way to scoop up clients. But the broker, an associate at the Wilfert Group, decided he wanted to take a fresh angle on community get-togethers that turn up ...
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Can brokers, MLSs find common ground?
In the not-so-distant past, multiple listing services were all about providing member brokers with access to information about each other’s listings, and to make offers of compensation to cooperating brokers and agents who could bring a buyer to a sale. ...
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FICO: ‘Big data’ is big business
“Predictive analytics is becoming the defining technology of the early 21st century,” claims San Jose, Calif.-based predictive analytics and decision management software company FICO. FICO — perhaps best known for its credit-scoring algorithms — makes a case for that bold ...
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Report: Wind down Fannie and Freddie, but provide government backstop for mortgage securitization
Fannie Mae and Freddie Mac should be wound down and their securitization activities spun out into a new platform overseen by a new, FDIC-like federal agency, according to a bipartisan report by Moody’s Analytics Chief Economist Mark Zandi and former ...
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Tragedy averted after Realtors detect house fire
Two Joplin, Mo., Realtors may have saved the lives of a family of three by alerting them that their house was on fire. Bonnie Wright and Susi Yost, Realtors with Pro 100, were touring properties when they noticed white smoke ...
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Get the most out of Facebook groups
Facebook groups can teach us a lot. If used right, they work as a constant reminder of all of our important relationships we have, old and new. Earlier this week, I happened to catch a conversation happening in a Facebook ...
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Trulia releases rentals app for iPad
Trulia has released a consumer-facing rentals iPad app to join the Android phone, tablet and iPhone versions already available, the San Francisco-based firm announced today. The new app, which focuses solely on rentals, features a rental price heat map that ...
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Study reveals housing discrimination against gay and lesbian couples
Same-sex couples looking to rent homes are more likely to experience unfavorable treatment than heterosexual couples, according to a study commissioned by the Department of Housing and Urban Development (HUD). The study — the first to examine housing discrimination against ...
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Nestio unveils listing management platform for landlords
Like many landlords, Copperwood Real Estate used to struggle to efficiently manage and distribute its listings. To populate its public-facing site, it would have to convert listing information that it maintained in a spreadsheet into code and insert that code ...
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Chelsea Clinton and husband Marc Mezvinsky list NYC home
Marc Mezvinsky, the husband of Chelsea Clinton, has put the couple’s NYC home on the market for $4.48 million, The Real Deal reported. The pair is apparently trading up: They reportedly purchased a $10.5 million apartment across from Madison Square ...
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Mortgage applications slip as interest rates climb for 6th straight week
As interest rates continued to climb, applications for purchase loans for the week ending June 14 slipped a seasonally adjusted 3 percent from a week earlier, but were up 12 percent from the same week last year, according to the results ...
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Merger creates new Coldwell Banker franchise in Northern California
Two leading Solano County, Calif., brokerages have merged and affiliated with franchisor Coldwell Banker Real Estate LLC. The merger of Vacaville-based Kappel & Kappel Realty Inc. with Solano Gateway Realty Inc. in Fairfield beefs up Coldwell Banker’s presence along the ...
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Imagining the real estate industry, 5 years out
What will the real estate industry look like five years from now, and how can brokers and agents prepare for it? Leaders of four companies that have been at the forefront of change — Redfin, Trulia, Zillow and Move Inc. ...
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Floored voted best real estate tech startup at Realogy summit
Floored, which creates interactive 3-D floor plans that allow users to walk through a virtual recreation of an actual space, was voted the best real estate tech startup today at the Realogy FWD Innovation Summit, hosted at the real estate ...
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Move, MSN renew content-sharing agreement
Realtor.com operator Move Inc. has renewed a content-sharing agreement with MSN that allows consumers to access Move’s property listings and related information from MSN Real Estate, the sixth-most popular real estate site in the U.S. Under the agreement, Move will continue ...
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