Jojo and Jordan, recently engaged after appearing on The Bachelorette, are preparing to begin their life together in Dallas. Here’s a look inside the couple’s new home. …read more
From:: Real Estate Wire
Oil futures extend rebound to finish higher for second day
Oil futures ended with strong gains Thursday. September West Texas Intermediate crude futures rose $1.10, or 2.7%, to close at $41.93 a barrel, building on a 3.3% rise scored Wednesday after weekly data showed a much larger-than-expected drop in gasoline inventories. Oil futures have rebounded after hitting a three-month low below $40 a barrel earlier in the week.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
BOK Financial exits correspondent lending
Not too long ago, BOK Financial announced several expansions in the correspondent space. Today the company said it plans to shut down its correspondent lending channel after an evaluation of the lender’s business and current market conditions. Here’s what changed for the company. …read more
From:: Real Estate Wire
Taxpayers Net $34 Billion Since Fannie Bailout
Since the Federal National Mortgage Association was taken over by the government during the financial crisis, taxpayers have netted more than $34 billion.
Prior to federal income taxes, Fannie Mae earned $4.3 billion from April 1 through June 30 of this year. Earnings rose from $1.7 billion in the first quarter.
The Washington-based government-controlled enterprise discussed the details about its financial performance in its second-quarter 2016 earnings report.
…read more
From:: Financing
Gold logs a modest gain as Bank of England rolls out stimulus
Gold futures end moderately higher Thursday, following the Bank of England’s decision to cut interest rates for the first time since 2009 and unveil a batch of measures aimed at stimulating the country’s economy in the wake of the U.K. vote to exit the European Union. December gold rose $2.70, or 0.2%, to close at $1,367.40 an ounce. The BOE’s rate cut, and easing measures unfurled by the Bank of Japan earlier in the week, are being viewed as supportive to the long-term outlook for gold prices.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Gold logs a modest gain as Bank of England rolls out stimulus
Gold futures end moderately higher Thursday, following the Bank of England’s decision to cut interest rates for the first time since 2009 and unveil a batch of measures aimed at stimulating the country’s economy in the wake of the U.K. vote to exit the European Union. December gold rose $2.60, or 0.2%, to close at $1,367.30 an ounce. The BOE’s rate cut, and easing measures unfurled by the Bank of Japan earlier in the week, are being viewed as supportive to the long-term outlook for gold prices.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
CFPB publishes 900-page final rule on mortgage servicing
In a wide-ranging final rule for mortgage servicers, the CFPB has expanded protection for consumers in several key areas, including providing borrowers with foreclosure protection more than once over the life of the loan, expanding consumer protections to surviving family members and clarifying loss-mitigation timelines during servicing transfers. …read more
From:: Real Estate Wire
Are You Ready to be Green?
Offered by The National Apartment Association Education Institute (NAAEI) and the National Affordable Housing Management Association (NAHMA), the Credential for Green Property Management (CGPM) continues to provide an important role in training onsite managers, maintenance staff and supervisory personnel in the latest green technology.
Even property management businesses with limited budgets can benefit from the training available. Topics cover everything from an overview to operations and maintenance, and include the following modules:
· Green Building Principles and Practices Overview
· Energy Efficiency
· Water Efficiency
· Integrated Pest Management
· Indoor Air Quality
· Green Operations and Maintenance
· Green Site Landscaping, Xeriscaping, Composting, etc.
· Alternative Energy Sources (Wind, Solar, Geothermal, etc.)
· Energy Star and WaterSense Programs
· Recycling and Waste Reduction
· Resident Green Education
While the program is ideal for those considering implementing green management techniques at their properties, the knowledge will not be wasted on smaller properties with limited opportunity to implement expensive upgrades.
If you’re on the fence about becoming certified, here are a few reasons why it may be a good idea:
- Both onsite managers and maintenance staff can become well-acquainted with energy saving techniques that can be implemented now or planned for in the near future.
- Certification provides management with a host of helpful tips such as how and why to purchase energy efficient appliances, how to implement a recycling program with impact, and how to easily conserve water with a few simple techniques.
- Staff will also become well acquainted with outdoor water conservation measures, including how to build a landscape that suits the environment your property is located in, while also using less water.
- Managers, maintenance staff, and other key personnel can become well acquainted with green building principles and practices, allowing staff to create a blueprint for the future at a pace that suits their budget.
- By reaching out to your tenants with energy saving tips, you’re creating a stronger community. Don’t forget to get your tenants involved every step of the way. Hold open meetings with tenants and explain how current behavior effects the environment, and how easy it is to implement small changes in their lives in order to create big changes in the environment.
As more properties across the globe implement green strategies to preserve precious resources, the Credential for Green Property Management will only become more valuable. Get a jump start today, while helping preserve the environment for the next generation and those beyond.
For more information, or to see a list of authorized training providers, visit http://www.naahq.org/learn/education/credential-green-property-management today.
From:: Property Management
Mortgage Credit Conditions Reverse Course, Ease
After tightening for the prior two months, mortgage credit conditions were somewhat looser last month. Jumbo and government conditions eased most.
As of July, the Mortgage Credit Availability Index, a standardized quantitative index that is focused on credit conditions in home lending, was 165.3.
The index, which had been down each month since April, reversed course and rose from 163.7 in June — an indication that credit conditions eased.
…read more
From:: Financing
JPMorgan, FDIC, Deutsche Bank near settlement in WaMu mortgage suit
JPMorgan Chase’s legal battle with the Federal Deposit Insurance Corp. and Deutsche Bank AG over its acquisition of Washington Mutual’s banking operations is nearing an end. After battling back and forth, the latest update in the bank’s quarterly regulatory filing revealed two key agreements the involved parties finally came to. …read more
From:: Real Estate Wire