Today’s News Synopsis:
What is your city willing to do to bring Amazon’s HQ2 home? Looks like the CFPB may be making some changes to their mortgage servicing rules. In order to cater more to travelers on business trips, Airbnb is teaming up with WeWork.
In The News:
CNN Tech – “Cities are doing wacky things to host Amazon’s second headquarters” (10-4-2017)
“Cities across North America are pulling out the stops to become the home of Amazon’s second headquarters.”
Freddie Mac – “Freddie Mac Completes Largest SLST to Date — Sells $817 Million of Seasoned Loans” (10-4-2017)
“Freddie Mac (OTCQB: FMCC) today completed its third Seasoned Loan Structured Transaction (SLST) auction of 3,514 seasoned re-performing loans (RPL) and moderately delinquent loans serviced by Nationstar Mortgage LLC d/b/a Mr. Cooper.”
Bloomberg – “Airbnb Teams Up With WeWork to Lure Business Travelers” (10-4-2017)
“Booking a room on Airbnb? Soon you’ll have the option to snag a desk or conference room at the closest WeWork location.”
CFPB – “CFPB Updates Mortgage Servicing Rules” (10-4-2017)
“On Wednesday, the Consumer Financial Protection Bureau (CFPB) issued an interim final rule and a proposed rule in an effort to amending mortgage-servicing communication policies issued in 2016.”
Business Insider – “Venture capitalists are betting big on real estate tech” (10-4-2017)
“While the Great Recession did a lot of harm to the US real estate market, start ups in the sector are finally making a come back. Real estate technology companies are finally getting some major attention from venture capitalists, according to data from PitchBook.”
HousingWire – “Department of Justice launches initiative to fight sexual harassment in housing” (10-4-2017)
“The Department of Justice announced Tuesday it is launching a new initiative to fight sexual harassment in housing. Specifically, the DOJ said the program aims to increase the department’s efforts to protect women from harassment by landlords, property managers, maintenance workers, security guards, and other employees and representatives of rental property owners.”
Scotsman Guide – “GSEs’ latest payout to taxpayers could be the last” (10-4-2017)
“Fannie Mae and Freddie Mac paid billions to the U.S. Treasury last week as scheduled, but their conservator hinted on Tuesday that the most recent payout could be the last one.”
Bruce Norris presents his latest talk 10 Life-Changing Days of a Real Estate Investor with SF Bay Summit on Saturday, October 7.
Aaron Norris will be presenting Technology Trends and Real Estate with the California Escrow Association up in San Jose on Friday, October 13.
Bruce Norris presents his California Market Update with Chino Valley Real Estate Professionals on Friday, October 13.
Home prices across the nation increased greatly 6.2% in August, while Los Angeles prices increased 5.1% in July to prices above even the national rate. The sales of apartments in Manhattan decreased 20% from the previous year. The FHFA announced via email a one-time offer for Principal Reduction Modification by the GSEs to borrowers in debt.
For more information about The Norris Group’s California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor calendar. You’ll also find our award-winning real estate radio show on KTIE 590am at 6 pm on Saturdays or you can listen to over 170 podcasts in our free investor radio archive.