Monday, 30 November 2015

TRID is a real obstacle to mortgage process

Despite reports saying that TRID hasn’t caused any major lending delays, the key word in all the reports is 'yet.'

Buy this super-green California home, get a free Tesla

Over the years, we’ve seen some creative efforts when it comes to trying to sell a home. About this time last year, the owner of a 16,000-square-foot mansion in Dallas offered up a free 2015 Bentley to the real estate agent or Realtor who secured a buyer for their home – in addition to their normal commission. But a new listing in California takes the automobile sweetener to a higher, and greener, level.

Kal Raman resigns as CEO of Nationstar's Xome

In the last year, Nationstar Mortgage has transformed Solutionstar, one of the company’s wholly owned subsidiaries, into Xome, which boasted that it offered consumers a one-stop shop for the entire real estate experience. Nationstar tasked Kal Raman with shepherding that transition, adding Raman as CEO of Solutionstar in Nov. 2014. But now, just over one year after he took over Solutionstar, Raman is resigning.

HUD watchdog issues warning on fraudulent, inflated reverse mortgage appraisals

In the run-up to the financial crisis, fraudulent appraisal schemes ran rampant in the housing industry, eventually leading to the complete overhaul of the property appraisal system and the rise of appraisal management companies. As it turns out, schemes like that have not been completely forced out of the industry.

Fed adopts new rule limiting 'too big to fail' bailouts

Amid pressure from Congress to rein in its power to prop up a troubled financial institution, the Federal Reserve did just that Monday, adopting a new rule that will limit its ability to bail out failing financial institutions.

Inventory shortages restrict growth in pending home sales

Pending home sales barely moved in October as the housing market starts to flatline in the fall. A main cause and concern behind the drop: inventory shortages.

Here's how Chinese homebuyers are reshaping U.S. housing

Chinese money is becoming a major force in real estate around the world and in America. A new luxury development 35 miles northwest of Dallas is only the latest frontier for Chinese buyers.