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20 September 2017

San Diego mansions at the center of $50 million mortgage fraud scheme

A senior executive at a real estate investment company and a real estate broker stand accused of playing key roles in a $50 million mortgage fraud scheme involving a handful of multi-million dollar mansions in the San Diego area. Here are all the details. Source: Housing Wire News

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20 September 2017

Here’s what quantitative un-easing could mean for the housing market

The Federal Reserve announced it will begin the normalization of its balance sheet starting in October with a max of $4 billion mortgage-backed securities per month. But what does this mean for the housing industry? For interest rates? Experts provide the answers. Source: Housing Wire News

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20 September 2017

Texas brokerage closes state's first-ever bitcoin home purchase

Taking real estate purchases in the Lone Star state to a new level, Kuper Sotheby’s International Realty said it finalized the first-ever home in Texas that was purchased entirely with the cryptocurrency, bitcoin. Located in the capital of Texas, the luxury home sold for an undisclosed amount this summer. Source: Housing Wire News

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20 September 2017

Frank Lloyd Wright-Inspired Glass House Has Prime Perch Over the Pacific

realtor.com It’s easy to see the allure of this remarkable glass house on the market for $3.9 million. You can see right through it and beyond to the vast Pacific Ocean. Located a little less than two hours north of San Francisco on the Sonoma Coast, the Frank Lloyd Wright–inspired beach house in Jenner, CA, was designed in […]

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20 September 2017

Want $50K to Buy a House—and Don’t Mind Random Guests? Read On

Eric Audras/Getty Images Do you dream of owning a home—and will do whatever is necessary to make it happen? Even if that means having a parade of random guests crash in your new digs? Well, then you’re in luck: A new company called Loftium will happily front your down payment if you agree to open your home for a […]

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20 September 2017

CFPB finalizes amendments to Equal Credit Opportunity Act

The CFPB finalized amendments to Equal Credit Opportunity Act regulations to provide additional flexibility for mortgage lenders in the collection of consumer ethnicity and race information. The CFPB also said it is seeking comment on the Home Mortgage Disclosure Act. Have any thoughts to share on the HMDA data the bureau proposes to make available […]

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20 September 2017

Senate Democrats press FTC for review of data security at Experian, Transunion

The Federal Trade Commission is already investigating the massive data breach at Equifax that exposed the personal information of 143 million U.S. consumers to hackers, but a number of top Democrats in the Senate want the agency to extend its investigation to the other big credit reporting agencies. Source: Housing Wire News

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20 September 2017

Dirty Work: 7 Scary Warning Signs You Need to Call a Plumber ASAP

Michael Blann/Getty Images Plumbing tends to be one of those things you don’t think about until it’s too late. Average homeowners know their way around a plunger and a bottle of drain cleaner, but that’s typically the extent of most people’s plumbing know-how. That’s why it’s vital to know the warning signs of a clogged […]

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20 September 2017

Fed makes it official: Quantitative un-easing process to begin in October

As expected, the Fed announced it will soon begin its quantitative un-easing plan in October. It will begin selling off its $4.5 trillion portfolio of bonds with just $4 billion in mortgage-backed securities per month, and increase it by $4 billion each quarter after that. As for the federal funds rate, the committee voted to […]

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20 September 2017

Tracking Harvey’s Effect on the Luxury-Home Market

Win McNamee/Getty Images Hurricane Harvey wreaked havoc on Houston and caused billions of dollars in property damage. One segment of the real-estate market, however, was less impacted: luxury homes. While the number of sales that closed fell markedly after the hurricane, both listing prices and sale prices fell only slightly, according to Multiple Listing Service data […]

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20 September 2017

Why It’s a Better Time for Buyers on a Budget to Purchase a Home

LOUOATES/iStock Those thinking about buying a home have probably heard all the tales of woe from other buyers out there: Sticker shock, getting outbid on the home of their dreams, or not being able to find a property with everything they were looking for within their budget. Still, those stresses may be easing somewhat now that […]

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20 September 2017

Navy Federal Credit Union falls victim to home equity loan fraudster

Navy Federal Credit Union got caught in the middle of a home equity loan fraud scheme, causing the credit union to lose $2.7 million. According to an announcement from the United States Attorney’s Office for the Eastern District of Virginia, an Atlanta man pleaded guilty to bank fraud and making false statements to Navy Federal […]

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