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HUD Files Housing Discrimination Complaint Against Facebook
The U.S. Department of Housing and Urban Development (HUD) announced today a formal complaint against Facebook for violating the Fair Housing Act by allowing landlords and home sellers to use its advertising platform to engage in housing discrimination.
Member of Nevada City-Based Conspiracy Sentenced to 10 Years in Prison for Multimillion Dollar Bank and Title Fraud Scheme
George B. Larsen, 56, formerly of San Rafael, was sentenced to 10 years and one month in prison and ordered to pay $1,759,100 in restitution for his role in a fraudulent mortgage elimination scheme, U.S. Attorney McGregor W. Scott announced.
AccuSearch Company
Redfin Report: Home Prices Up 5.3% in July, Continuing a Trend of Moderating Growth
U.S. home-sale pricesincreased 5.3 percent year over year to a median of $307,400 in July, according to Redfin, the next-generation real estate brokerage. The price growth rate has been dropping for five consecutive months and has not been this low since September 2016.
Stewart Title Commemorated Stewart Morris Sr.'s 80 Years of Service
Stewart Title commemorated 80 years of dedicated service of a living legend in the Houston business community, Stewart Morris Sr.
Housing Starts Hold Their Ground in July
Total housing starts inched up 0.9 percent in July to a seasonally adjusted annual rate of 1.17 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department.
Mortgage Delinquencies Down in 2nd Quarter of 2018
The delinquency rate for mortgage loans on one-to-four-unit residential properties fell to a seasonally adjusted rate of 4.36 percent of all loans outstanding at the end of the second quarter of 2018.
Builder Confidence Remains Firm in August
Builder confidence in the market for newly-built single-family homes edged down one point to a solid 67 reading in August on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 2.0 percent from one week earlier, according to data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending August 10, 2018.
July New Home Purchase Mortgage Applications Increased 3.6 Percent Year over Year
The Mortgage Bankers Association Builder Applications Survey data for July 2018 shows mortgage applications for new home purchases increased 3.6 percent compared to July 2017.
Metro Home Prices Climb to New All-Time High; Rise 5.3 Percent in Second Quarter
Amidst staggeringly low inventory levels in much of the country during the second quarter, existing-homes sales cooled and home prices maintained their robust level of appreciation, according to the latest quarterly reportby the National Association of Realtors®.
Gallagher Named Division Manager for North American Title Co.'s Arizona Region
North American Title Company has named Lauri Gallagher Division Manager for its Arizona Region, where she will oversee title and escrow operations, as well as business development for the area.
Quick Links
Ohio Jumps on the Bandwagon of States Legally Recognizing Blockchain Data
In May 2018, Ohio lawmakers introduced SB 300 seeking to become one of the latest U.S. states to legally recognize smart contracts and records stored on a blockchain.

San Antonio judge warns attorneys to behave or he'll make them kiss in front of the Alamo
The case before Biery is part of an escalating feud between HouseCanary and Quicken Loans. HouseCanary and Title Source Inc., a Quicken Loans affiliate, squared off earlier this year in a Bexar County District Court that produced a record $706 million jury verdict for real estate analytics firm HouseCanary.

Seller who doesn't trust real estate agents wants to create his own contract
Q; We've been ripped off badly by Realtors in the past. Consequently, we don't trust them. I'm wondering if it's possible to have an estate attorney draw up a contract wherein the Realtor (and agency) we hire is required to sign and then is held liable to sell the house to our expectations?

Cherry Creek mother-daughter title company execs indicted for allegedly stealing $733K in client funds
The mother-daughter owners of a pair of shuttered Cherry Creek title insurance companies were to be arraigned Monday on more than a dozen felonies - including racketeering charges of running a criminal enterprise - that allege they pocketed more than $733,000 from policyholder escrow accounts.

Emails show RBS bankers joked about destroying the US housing market before 2008
Royal Bank of Scotland (RBS) bankers joked about destroying the US housing market and senior staff described the loans they were trading as "total f***** garbage," according to transcripts released by the US Department of Justice.

Housing tipping back to a buyer's market as sellers cut prices
After several years of rich home price gains, the market appears to have found a limit to what people can afford. Sellers are finally responding by lowering prices more often.

Mortgage rates tumble as housing starts to drag down the economy
Rates for home loans tumbled in line with the broader bond market, even as the housing market's woes threatened to become a headwind for the entire U.S. economy.

Top Technologies Impacting The Real Estate Market Today
Members of Forbes Real Estate Council share some of the technologies that have had the most significant impact on real estate transactions and why.


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Top Consumer Watchdog Places Bureaucracy Ahead of Consumers... Literally.
Source of Title Blog
2018/04/26
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