Category Archives: Nevada Real Estate

Home Sales Slow in April, But Remain up From a Year Ago

(Jeff Sorg, OnlineEd) –  Despite properties typically selling faster than at any time since July 2013, existing–home sales slowed in April but remained above an annual sales pace of five million for the second straight month, according to the latest report from the National Association of Realtors®. All major regions except for the Midwest experienced sales […]

NAR President Cautions Closings Could Drag From Coming Changes to Real Estate Closings

(Jeff Sorg, OnlineEd) – NAR President Chris Polychron, recently cautioned that closings for some home sales could drag after October 3, 2015as the real estate industry transitions to the new closing procedures required by the Consumer Financial Protection Bureau’s integrated disclosure rule. “There likely will be bumps in the closing process while all parties get used to the […]

Rents Higher Than Ever Before, Rental Crisis Worsens

(Jeff Sorg, OnlineEd) – In April, rents grew at four percent year-over-year, overtaking home values, which appreciated at an annual rate of three percent. According to April Zillow® Real Estate Market Reports, soaring rents outpaced home values in April for the first time in years, further deepening a “rental crisis” and signaling that home values are […]

Report Says Housing Affordability Index Up for Q1 2015

(Jeff Sorg, OnlineEd) – First quarter home prices saw a decrease in value of $5,000 to $210,000, while average mortgage interest fell from 4.29 percent to 4.03 percent in the same period. Falling prices and interest rates brought a boost in nationwide affordability in the first quarter of 2015, says the National Association of Home Builders/Wells Fargo Housing […]

New Course Release: Home Measurement Basics for Real Estate Agents

Learn How to Create Reliable Square Footage Measurements for Single-Family Homes (Jeff Sorg, OnlineEd) –  Our new course, Home Measurement Basics for Real Estate Agents, teaches how to create consistent, reliable, and reproducible square footage measurements in single-family homes, based on the American National Standards Institute (“ANSI”) guidelines. Written by renowned author, David Hampton Thomas, this is unquestionably […]

CFPB Files Action Against Nationwide Biweekly

(Jeff Sorg, OnlineEd) – From August 2011 until September 2014, Ohio-based Nationwide Biweekly Administration and Loan Payment Administration and their founder and president, Daniel S. Lipskey  (collectively “Nationwide Biweekly”) collected about $49 million in setup fees from more than 100,000 consumers, the CFPB alleged in its lawsuit filed May 11, 2015. The CFPB brings action under […]

Action Taken for Mortgage Kickback Scheme with Title Company

(CFPB -WASHINGTON, D.C.) — Today the Consumer Financial Protection Bureau (CFPB) and the Maryland Attorney General took action against the participants in a mortgage-kickback scheme. In a complaint filed in federal court, the CFPB and Maryland allege that the Maryland-based title company’s executives and the named loan officers traded cash and marketing services in exchange for […]

New Industry Study Examines What Realtors® Really Want From Lenders

(EMERYVILLE, Calif., April 22, 2015 /PRNewswire/) — Inman, the leader in independent real estate and technology news, today released the top-line findings from a new study entitled, “What Real Estate Brokers and Agents Want From Lenders,” that examines why real estate professionals choose to recommend a particular lender, what kinds of lenders they prefer and what behavior puts […]

Green Tree to Pay $48 Million in Borrower Restitution and $15 Million Fine for Loan Servicing Failures

(Jeff Sorg – OnlineEd) – Today, the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) took action against Green Tree Servicing, LLC, for mistreating mortgage borrowers who were trying to save their homes from foreclosure. The CFPB says the mortgage servicer failed to honor modifications for loans transferred from other servicers, demanded payments […]

Quicken Loans Sues United States DoJ and HUD

(Jeff Sorg, OnlineEd) –  Quicken Loans, claiming to be the nation’s largest Federal Housing Administration (FHA) mortgage lender, has filed suit in Federal District Court against the United States Department of Justice (DOJ) and Department of Housing and Urban Development (HUD). The company claims they were left with no alternative but to take this action after the DOJ demanded […]