Wall Street Journal, Oct. 30, 2018–Esther Fung (subscription)It seemed one of the surest bets in real estate: build senior-housing facilities that cater to aging baby boomers who will require more care. The problem is, boomers haven’t much cooperated.
Category: Top National News
Black Knight’s Total Revenue Up 7%, But Earnings Were Flat
National Mortgage News, Oct. 30, 2018–Brad Finkelstein (subscription)Black Knight’s third-quarter net earnings were slightly below the same period last year, although total revenue increased by 7% compared with one year prior. The third quarter of 2017 was the final period that Fidelity National Financial owned a majority stake in the company.
Appeal Denied: Amrock Ordered to Pay $740 Million to HouseCanary for Trade Secret Theft
HousingWire, Oct. 30, 2018–Ben LaneA Texas judge last week ordered Amrock, the title insurance, settlement services, and valuations provider formerly known as Title Source, to pay just shy of $740 million to HouseCanary after denying Amrock’s request to vacate a jury’s earlier decision in a trade secret theft battle that rocked the housing industry.
Mortgage, Real Estate Pros Would Achieve More if They Did This
Mortgage Professional America, Oct. 30, 2018–Steve RandallMortgage and real estate sales professionals’ business plans often lack clarity, aren’t easy to implement, and don’t really fit with the lives of the professionals themselves.
Apartment Construction Begins to Slow Down
National Real Estate Investor, Oct. 30, 2018–Bendix AndersonApartment building developers may finally take a breather in their rush to build new units.
Zombie Foreclosures Fall with Housing Policy Support
National Mortgage News, Oct. 30, 2018–Elina Tarkazikis (subscrption)Housing policies are helping the number of vacant foreclosure homes drop, which could also mean homebuyers have been taking advantage of these properties as inventory continues to be constrained.
FHA Commissioner Brian Montgomery: More Changes Ahead for Reverse Mortgages
HousingWire, Oct. 30, 2018–Jessica GuerinFederal Housing Administration Commissioner Brian Montgomery said Tuesday the agency is working to address the volatility within the reverse mortgage program, hinting that the industry can expect more change ahead.
U.S. Consumer Confidence at 18-Year High; House Price Gains Slow
Reuters, Oct. 30, 2018–Lucia MutikaniU.S. consumer confidence rose to an 18-year high in October, driven largely by a robust labor market, bolstering expectations that strong economic growth would continue through early 2019.
Fewer Children And Older Repeat Buyers: 5 Takeaways From the 2018 Housing Market
USA Today, Oct. 29, 2018–Janna HerronSuper-low inventory and quickly rising prices largely framed this year’s housing market. But a closer look at 2018’s buyers and sellers reveals other intriguing real estate trends.
Mortgage Market is Ripe for Fraud (Again)
National Mortgage News, Oct. 29, 2018–Josh Migdal (subscription)The author, with law firm Mark Migdal & Hayden, says there are signs in the nonbank mortgage market that now indicate there may be serious issues ahead.