News / Features

Home With Ties to the Late Elizabeth Taylor Soon to Hit the Market

A Miami Beach mansion frequented by the late Elizabeth Taylor will soon be listed for

More Details on Risk Retention Law Commentary

Last week the FDIC and other Federal agencies proposed risk retention rulemaking and called for public commentary. Today RISMedia revealed some more details on the

The Brits of Miami and the Beaches Visit Artecity Miami Beach

Artecity Miami Beach is one of the city’s newest low rise “boutique” projects located at 2100 Park Avenue just minutes walk from the beach, Lincoln Road and Collins Avenue. The Brits of Miami Beach, Alistair Powell and Shelly Northern,

$1 Million-Plus Home Sales Jump

According to the National Association of Realtors (NAR), sales of homes valued at one million or more dollars are up from the same time last

Obama Administration Releases March Housing Scorecard

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury have released the March edition of the Obama Administration’s Housing

Four States Consider Legislation Barring Distressed Sales as Comparables

Illinois, Maryland, Missouri and Nevada – are considering legislation that would prohibit or restrict the use of distressed sales as comparable sales as a part of a residential real estate

Zillow Launches BlackBerry App

Zillow announced yesterday the launch of the Zillow BlackBerry App for Research in Motion’s BlackBerry

Realtors Urge Congress to Approach GSE Reform Slowly

The National Association of Realtors yesterday urged Congress to move cautiously when reforming government-sponsored enterprises Fannie Mae and Freddie

FHFA Reports Mortgage Interest Rates

The Federal Housing Finance Agency has reported that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders, used as an index in some ARM contracts, was 4.79 percent based on loans closed

Barry Minkow Pleads Guilty in Lennar Corp Stock Manipulation Case

The FBI and U.S. Attorney for the Southern District of Florida announced today that Barry Minkow, 44, of San Diego, Calif., pled guilty to conspiring with others to manipulate the stock price of Lennar Corporation by making false and

Agencies Seek Comment on Risk Retention Proposal

Six federal agencies are seeking comment on a proposed rule that would require sponsors of asset-backed securities (ABS) to retain at least 5 percent of the credit risk of the assets underlying the securities and would not permit sponsors

Monthly Foreclosure Starts Drop

According to February month-end data from Lender Processing Services (LPS), the amount of foreclosure starts last month was at its lowest level since November of

NAR Reports Vacation Home Shares Hold Even in 2010

The market share of vacation and investment-home sales held steady in 2010, although the sales volume declined with the overall market, according to the National Association of

HUD Secretary Shaun Donovan Issues Statement on Risk Retention Proposals

Yesterday the U.S. Department of Housing and Urban Development, joined with the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Federal Housing Finance Agency, the Federal Reserve, and the Securities and Exchange Commission announced

Broward County Pending Home Sales Rise Again in March

Total cumulative pending home sales in Broward County increased 6.02 percent in March compared to a year earlier, from 78,173 to 8,665, and were up 3.27 percent month-over-month from 8,391, according to the 23,000-MIAMI Association of Realtors and the

Mortgage Apps Decrease This Week

Mortgage applications decreased 7.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending March 25,

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