31 May 2017

Home Point Financial completes Stonegate Mortgage acquisition

Home Point Financial Corp.’s $211 million acquisition of Stonegate Mortgage Corp. is now complete, as disclosed in a filing with the Securities and Exchange Commission. As a result of the deal, Stonegate is now wholly owned direct subsidiary of Home Point. Here’s all the details. Source: Housing Wire News

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31 May 2017

Restoration Hardware CEO Selling Catalog-Worthy Spread in Napa

Cyrus McCrimmon/The Denver Post via Getty Images In perfect alignment with Restoration Hardware’s monochromatic hues (think grays, tans, and creamy whites) is a modern Napa Valley estate owned by company CEO Gary Friedman. For fans of the luxe décor brand, his home is a dream come true. The entire spread, called “Eight Palms,” is being offered fully furnished by […]

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31 May 2017

‘Million Dollar Listing’ Gets Some New Talent—From ‘Game of Thrones’?

Bravo “Million Dollar Listing New York” is back! The real estate titans of the Big Apple have returned for a sixth season on Bravo, and this time around, Fredrik Eklund and recently married Ryan Serhant are joined by a new agent, Steve Gold—who happens to bear an uncanny resemblance to a popular character on another hit show, HBO’s “Game of […]

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31 May 2017

President Trump declares June National Homeownership month

President Donald Trump just declared June as National Homeownership month, to increase awareness into the importance of owning a home. The president emphasizes that for many Americans, owning a home is essential to living the American Dream. Source: Housing Wire News

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31 May 2017

Feds take action to solve appraiser shortage

Key government agencies finally address the critical appraisal shortage crisis hampering the mortgage process. Currently, most appraisers are in their late 50s, with few taking the time mentor trainees. While it doesn’t solve the root of the problem, these housing groups highlighted two alternative options. Source: Housing Wire News

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31 May 2017

New York City cuts ties with Wells Fargo

Earlier this year, reports began to emerge that New York City was considering becoming the next in a string of cities and states to cut ties with Wells Fargo in the wake of the bank’s fake account scandal. And Wednesday, that’s exactly what happened, as New York City’s mayor and comptroller announced that the city […]

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31 May 2017

Homeowners Are Again Pocketing Cash as They Refinance Properties

Associated Press Americans refinancing their mortgages are taking cash out in the process at levels not seen since the financial crisis. Nearly half of borrowers who refinanced their homes in the first quarter chose the cash-out option, according to data released this week by Freddie Mac. That is the highest level since the fourth quarter […]

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31 May 2017

How Obama Is Reviving Chicago Real Estate: Hills, Grills, and a Library Like No Other

Scott Olson/Getty Images Now that we’ve gotten a peek at Barack Obama‘s presidential library, to be built on Chicago’s South Side, we have to say: What a place it will be! After unveiling sketches of the Obama Presidential Center (as it’s formally known) to a Chicago crowd this month, the former commander in chief pointed out that the glass-and-steel structure will be flanked by a sledding hill […]

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31 May 2017

7 Questions to Ask a Landlord Before Renting an Apartment

AndreyPopov/iStock If you’re looking for an apartment, there are certain questions to ask a landlord before renting the place. After all, this is where you’ll be living—you’ll want to be crystal clear on the rules, right? So before you impulsively sign that lease, make sure to stop, take a breath, and make a few simple inquiries […]

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31 May 2017

Home prices jumped the most in these 10 housing markets

As home prices continue to rise, some metros stood above the rest. Unsurprisingly, most metros in the top 10 lie on the West Coast including areas such as San Jose and San Francisco. The latest report from Black Knight shows which metros held the highest increase in home prices in March. Source: Housing Wire News

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31 May 2017

Artist Chuck Close Picks Up Picturesque Miami Condo for $3.4M

Neilson Barnard/Getty Images Famed artist Chuck Close closed on an upscale beachfront condo in Miami Beach, FL, where he spends the winter as a New York snowbird. Early in his career, Close was known for making photorealistic portraits so detailed it was hard to tell if they were photographs or not. Later, after a medical condition left […]

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31 May 2017

Where is the disconnect between the CFPB and community banks and credit unions?

[Commentary] CFPB Director Richard Cordray once again stood before an audience and slammed anyone who claimed the bureau’s regulations are killing banks. He specifically highlighted the success of credit unions and community lenders as groups benefitting from the bureau’s regulations. And yet, associations advocating for each of those groups vocalize opposite messages. So what’s really […]

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