Category Archives: Real Estate

Investors Indicted for Bid Rigging at Real Estate Autcions

The Antitrust Division has prosecuted bid-rigging in multiple states By Jeff Sorg, OnlineEd Blog (November 7, 2017) (WASHINGTON, DC) A federal grand jury in West Palm Beach has returned an indictment against three high-volume Florida real estate investors for conspiring to rig bids submitted through the online property foreclosure auction process, the Department of Justice announced on November […]

Texas Bank Penalized $2 Million for Violations of Anti-Money Laundering

FinCEN assesses civil money penalty against Lone Star National Bank (Lone Star) of Pharr, Texas for willfully violating the Bank Secrecy Act By Jeff Sorg, OnlineEd Blog (November 2, 2017) (WASHINGTON, D.C.) – The Financial Crimes Enforcement Network (FinCEN) today announced the assessment of a $2 million civil money penalty against Lone Star National Bank (Lone Star) of […]

National Home Prices NSA Index Reaches New Highs as Momentum Continues

U.S. National Home Price NSA Index reported a 6.1% annual gain in August, up from 5.9% in the previous month By Jeff Sorg, OnlineEd Blog (November 1, 2017) (NEW YORK, OCTOBER 31, 2017) – S&P Dow Jones Indices today released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released […]

Pattern Shows People Moving to Affordable Political Red and Purple Counties

The average home in a blue county costs around $360,000—more than 62 percent more than homes in red counties Jeff Sorg, OnlineEd Blog (October 16, 2017) SEATTLE–(BUSINESS WIRE)– (NASDAQ: RDFN) — In the first half of 2017, 7.4 percent more people moved out of politically blue counties than to them, according to a new analysis from Redfin (www.redfin.com), […]

Categories: Real Estate

September New Home Purchase Mortgage Applications Down 7.5 Percent Year over Year

 Applications decreased by 20 percent when compared to August 2017 By Jeff Sorg, OnlineEd Blog (October 13, 2017) The Mortgage Bankers Association (MBA) Builder Applications Survey (BAS) data for September 2017 shows mortgage applications for new home purchases decreased 7.5 percent when compared to September 2016. Additionally, applications decreased by 20 percent when compared to August […]

How to Become an Authorized Home Energy Assessor in Portland, Oregon

This entire process to get authorized is estimated to take a minimum of four weeks By Jeff Sorg, OnlineEd Blog (October 4, 2017) (PORTLAND-OR)  – Outlined below are the required steps to become an authorized home energy assessor with the City of Portland Home Energy Score program. This entire process is estimated to take a minimum of […]

Categories: Contractor, Real Estate

CFPB Orders Meridian Title to Pay up to Pay up to $1.25 million & Disclose its Interests in Future Transactions

CFPB Takes Action Against Settlement Services Provider for Steering Consumers to Affiliated Business By Jeff Sorg, OnlineEd Blog (October 2, 2017) The Consumer Financial Protection Bureau (CFPB) took action against real estate settlement services provider Meridian Title Corporation for steering consumers to a title insurer owned in part by several of its executives without making disclosures […]

Millennials Going Over Budget to Buy – Generation Z Enters the Market as Renters

Report explores affordability challenges facing renters and a first look at Generation Z’s housing patterns By Jeff Sorg, OnlineEd Blog (September 27, 2017) SEATTLE, Sept. 27, 2017 /PRNewswire/ — Millennials poured some $514 billion into the U.S. housing market over the last year as the largest generation of home buyers. But new survey data shows their […]

Categories: Mortgage, Real Estate

Financial Crimes Enforcement Targets Shell Companies Purchasing Luxury Properties

Geographic Targeting Orders expanded to include Honolulu, Hawaii  OnlineEd Blog (August 23, 2017) (WASHINGTON, Aug. 22, 2017/FinCEN) The Financial Crimes Enforcement Network (FinCEN) today announced the issuance of revised Geographic Targeting Orders (GTOs) that require U.S. title insurance companies to identify the natural persons behind shell companies used to pay for high-end residential real estate in seven […]

Homeless Population Increases as Rents Rise

Portland and Seattle have declared states of emergency in response to the number of people experiencing homelessness By Jeff Sorg, OnlineEd Blog (PORTLAND, Aug. 3, 2017/Zillow®/) Rising rents urban areas are creating crisis levels of homelessness that will continue or accelerate as rents rise, Zillow® research has found. The connection between homelessness and increasing rents is especially strong […]