Vantage Production, a provider of advanced automated marketing and sales acceleration solutions for mortgage lenders, announced the addition of Tim Murphy as executive vice president of sales. …read more
From:: Real Estate Wire
Congress eases curbs on foreign real-estate investors
By jgaffney@housingwire.com The current law, known as the Foreign Investment in Real Property Tax Act, subjects foreign investors to income tax when they sell U.S. property. It was initially passed in 1980, a time when there were fears that foreign investors including the Japanese might buy up large swaths of the country and its farmland. Is this era over? …read more
From:: Real Estate Wire
Freddie Mac sells first pool of non-performing loans to non-profit buyer
Freddie Mac announced Monday that it sold its first pool of non-performing loans to a non-profit buyer, Community Loan Fund of New Jersey, Inc. The non-performing loan sale was initially announced in November, as part of a larger offering of $1.2 billion in “deeply delinquent” loans that were currently being serviced by Wells Fargo. …read more
From:: Real Estate Wire
Washington Post: Recapitalizing Fannie, Freddie is a ‘recipe for housing disaster’
Count the Washington Post’s editorial board among those who think ending the government’s conservatorship of Fannie Mae and Freddie Mac by allowing them to rebuild their capital reserves is a bad idea. …read more
From:: Real Estate Wire
Are real estate agents the most unprofessional professionals?
By jgaffney@housingwire.com There’s nothing like a good old-fashioned unchecked and unverifiable generalization on an entire industry, based on a personal experience, to get people riled up. And right now the professionalism of hundreds of thousands of real estate agents is being called into question. …read more
From:: Real Estate Wire
Real estate agent held at gunpoint after being confused for burglar
Entering into strange places with strange people places real estate professionals in harm’s way, and a new story from Athens, Georgia details a new concern that agents have to be aware of – the armed homeowner. …read more
From:: Real Estate Wire
BofI Federal launches Fannie, Freddie wholesale lending program
BofI Federal Bank has expanded its product suite for its wholesale customers to include loans that are eligible for sale to both Fannie Mae and Freddie Mac, BofI Federal said Monday. …read more
From:: Real Estate Wire
CoreLogic: Cash sales share continues trend back towards ‘normal’
The percentage of home sales conducted in cash continued its trend back towards pre-crisis levels during the month of September, a new report from CoreLogic showed. …read more
From:: Real Estate Wire
Monday Morning Cup of Coffee: The Fed’s optimism, alternative credit scoring and more
By swheeler@housingwire.com Our look at this weekend’s news covers everything from alternative credit scoring to the real blockbuster movie you need to see over the holidays. Read on. …read more
From:: Real Estate Wire
TRID will not threaten California’s housing recovery
A quick glance at the latest housing data for California doesn’t look too positive. But after digging into the numbers, it appears TRID may have something to do with this. The impact, though, isn’t predicted to be severe. …read more
From:: Real Estate Wire