Former GulfSouth Private Bank executives charged with bank, TARP fraud

The former president and vice president of a failed bank are facing a series of charges stemming from a scheme that led to GulfSouth Private Bank receiving $7.5 million from the Troubled Asset Relief Program before the bank failed.

Posted: Dec 15 2016
Categories: Real Estate Investment

Democrats want people’s complaints about Steve Mnuchin, the “foreclosure king”

Senate Democrats, led by Sen. Elizabeth Warren, appear to be showing their hand a bit when it comes to how they plan to handle the confirmation hearing of Steve Mnuchin, President-elect Donald Trump's choice to lead the Treasury. It looks like the Democrats will seek to use Mnuchin’s time at OneWest Bank as part of their case against approving him as Treasury secretary, calling Mnuchin the “foreclosure king” and asking people who may have been “impacted” by OneWest’s practices to share their stories.

Posted: Dec 15 2016
Categories: Real Estate Investment

Exclusive: Nationstar CEO Jay Bray on impact of ‘surprising’ election; higher interest rates

Count Nationstar Mortgage CEO Jay Bray among those who were surprised by the election of Donald Trump, but Bray tells HousingWire that he is looking forward to working with the incoming Trump administration and is cautiously optimistic on the impact that the president-elect could have on the financial services business. Here's part two of HousingWire's exclusive interview with Bray.

Posted: Dec 15 2016
Categories: Real Estate Investment

Banks increase prime lending rate after Fed hike announcement

After a long hiatus, big banks raised their prime lending rate immediately after the Federal Reserve finally elected to increase the federal funds rate. However, there are negative side effects to the increase, especially when it comes to housing.

Posted: Dec 14 2016
Categories: Real Estate Investment

Exclusive: Nationstar CEO Jay Bray on Mr. Cooper, the company’s future

Given the company’s recent radio silence on its massive rebranding efforts, it may seem like Nationstar Mortgage’s transformation into Mr. Cooper is in a perpetual holding pattern. But when one visits Nationstar’s headquarters in the Dallas suburb of Coppell, it’s clear that Mr. Cooper is both the company’s present and its future. In an exclusive interview, HousingWire sat down with Nationstar CEO Jay Bray to find out more about Mr. Cooper and what it means for Nationstar.

Posted: Dec 14 2016
Categories: Real Estate Investment

This is why markets went nuts on Fed’s rate hike

On Wednesday, the Federal Open Market Committee announced the target federal funds rate would increase by 25 basis points. This move surprised exactly no one, a move widely predicted, so why did markets react with volatility?

Posted: Dec 14 2016
Categories: Real Estate Investment

Here’s more industry response to the Fed raising interest rates

Since the majority of the market believed the Federal Reserve would increase interest rates this Wednesday, a lot of economists had time to formulate what this news would mean for the housing market. As the comments continued to pour in, we covered them here. Even though the market already assumed this December increase, it’s what economists believe will happen moving forward that’s most telling.

Posted: Dec 13 2016
Categories: Real Estate Investment

Banks move quickly to raise prime lending rates

Not too long after the Federal Open Market Committee finally elected to increase the federal funds rate, banks started to announce they are increasing their prime lending rates. Here is an update of those bank announcements.

Posted: Dec 13 2016
Categories: Real Estate Investment

It’s official: Fed raises interest rates for first time since last December

The Federal Open Market Committee announced in its highly anticipated December meeting that it is finally raising the federal funds rate for the first time since exactly a year ago. While the news doesn’t come as a giant surprise, it does mark the second increase in 10 years.

Posted: Oct 13 2016
Categories: Baltimore Real Estate, Real Estate Investment

Six Baltimore Real Estate Investing Principles

There are baltimore real estate investing “tricks” and techniques that you may know, or want to know. There are new ways of doing things that are worth learning. Knowing about the latest types of financing is another way can also help. Before all of these, however, you need to learn some basic principles. Here are […]

Real Estate Investment