Tuesday, July 5, 2016

Steve Wynn takes loss on sale of mansion in LA luxury market slowdown

Many experts predict that California home sales may be slowing down, forcing sellers to lower the price on their luxury homes. And Wynn is no different, recently selling his home for a loss. Plus, he’s not the only one feeling the pinch.

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Saturday, July 2, 2016

Nationstar launches MrCooper.com...or maybe not?

It appears that the transformation is nearly complete. Nationstar Mortgage is now one step closer to officially becoming Mr. Cooper, as the company recently launched a flagship website for its new brand: MrCooper.com. The website provides a clearer picture of what Mr. Cooper is and what it means for Nationstar. Or at least it did…until the website disappeared after HousingWire reported on it.

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Leading GSE reform authors linked to controversial Wall Street deal

Who really benefited the most from the financial crisis? It may not have been Wall Street. An article from Yahoo Finance suggests these two Senators were the biggest benefactors from the crisis. And now they’re creating the next housing reform bill.

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[Factsheet] Here's what potential homebuyers think when shopping for a mortgage

Step one: People decide that they want to buy a home. Step two: And this is where you come in, they start shopping for a mortgage. It’s this period where brokers and lenders only have a very miniscule amount of time to lock in potential borrowers. This is what you need to know.

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Ex-real estate agent arrested for selling other people's vacant homes

An ex-real estate agent sold a home that wasn’t his to sell to a couple and their five children, stealing over $5,000 from them. The family didn’t find out until they were locked out of their own home. Who would do such a thing? Allegedly, Matthew Boros did.

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Affordable housing is dominating headlines for this reason

Let’s face it, the current administration fell woefully short in government-sponsored enterprise reform and, especially, in setting forth reachable goals in addressing the affordable housing crisis in this nation. So what’s so different about today? So many things.

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New York launches "first of its kind" program; will buy delinquent mortgages from FHA

In what officials are calling a “first of its kind” program, the city of New York announced Thursday that it is plans to buy a number of delinquent loans from the Federal Housing Administration as part of an effort to keep struggling homeowners from losing their homes to foreclosure. Here are all the details.

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