HousingWire, Feb. 13, 2017–Ben LaneIn a matter of months, Pete Flint’s only direct connection with the online real estate pioneer he helped found will be the stock he owns in the company that was once his fiercest competitor.
Category: Top National News
Steven Mnuchin Is Confirmed by Senate to Be Treasury Secretary
Bloomberg, Feb. 13, 2017–Saleha MoshinThe former Goldman Sachs banker won in a 53-47 Senate vote on Monday in which only one Democrat broke ranks and supported Mnuchin.
Large Northeast Credit Union Fails
Mortgage Daily, Feb. 13, 2017A federally insured credit union that is operating in the Empire State with nearly $2 billion in assets has gone belly up. The demise is the fourth mortgage-related business closing or failure tracked so far this year.
Best LendingTree Network Mortgage Lenders
Mortgage Daily, Feb. 13, 2017Residential finance firms that participate in the LendingTree network have been rated by their customers, and the results are in.
Quicken Loans Gets New CEO in Management Reassignments
Detroit Free Press, Feb. 10, 2017–J.C. ReindlMortgage giant Quickens Loans announced several changes to top management, including replacement of longtime Chief Executive Officer Bill Emerson with company president Jay Farner. Emerson, who began as chief executive in 2002, is now vice chairman of Rock Holdings, which is Quicken Loans’ parent company.
Popping the Housing Bubbles in the American Mind
New York Times, Feb. 10, 2017–Conor DoughertySuppose there were a way to pump up the economy, reduce inequality and put an end to destructive housing bubbles like the one that contributed to the Great Recession. The idea would be simple, but not easy, requiring a wholesale reframing of the United States economy and housing market.
Dallas Retail Real Estate Firms Joining Forces
Dallas News, Feb. 10, 2017–Steve BrownTwo Dallas commercial real estate firms, Pierson Retail Advisors and the Vitorino Group, are joining forces. The companies have sold a total of almost $3 billion in real estate and expect to expand their sales volume with the combination.
Experts Expect Rising Mortgage Rates to Drive U.S. Housing in 2016
Houston Chronicle, Feb. 10, 2017–Dylan BaddourRising mortgage rates will be the main driver for the housing market in 2017, according to a survey of real estate experts.
Oakwood Homes Launches Mortgage Service
Builder Magazine, Feb. 10, 2017Oakwood created Nest Home Lending to give its customers a preferred lender that provides incentives, a smooth mortgage process and on-time closings.
Daniel Tarullo, Federal Reserve Regulatory Point Man, to Resign
Wall Street Journal, Feb. 10, 2017–Ryan TracyDaniel Tarullo, the Federal Reserve’s regulatory point man since 2009, will resign this spring, the central bank said Friday. The resignation gives President Trump a new opening to reshape banking regulation.