Region Month
Mortgage Tornado Warning, Unheeded
New York Times, 04 February 2012
Inspired by a personal experience, a businessman became an unlikely sleuth into the practices of the mortgage industry, including Fannie Mae ? and his findings have been prescient.
Why foreclosure investors are double-edged sword for economy
04 February 2012
The best way to clear the vast inventory of foreclosed properties weighing down today's housing market is to get more investors involved.
MC Companies, Clark-Wayland form joint venture
03 February 2012
Scottsdale-based MC Companies and Phoenix-based Clark-Wayland have merged to create a joint venture called MC Clark-Wayland. The venture will focus mainly on development and construction of new multifamily projects in Phoenix and Tucson. The combined company has about 175 full-time employees. It currently has two projects under construction in Tucson. ?Together, the company is a full-spectrum real estate company with a depth that investors will appreciate,? said Jere Clark, principal of Clark-Wayland...
Central Ohio Inc.: After the beating, housing market back to ?98 levels
03 February 2012
Central Ohio?s housing market bore the brunt of the recession and lending freeze in 2008 and 2009, but its decline appears to be slowing given the sales performance last year. Sales of single-family houses and condos in the region tumbled nearly a fourth from 2006, when Ohio?s housing troubles picked up speed. But prices have fallen at less than half that rate, according to the Columbus Board of Realtors. Columbus? housing market peaked in 2005 for sales and selling prices, but last year?s sales put the market back to 1998 levels, the statistics show...
Beat stress for less
CNN, 03 February 2012
This year the end of the holidays probably didn't bring the usual stress relief; there are still worries about unemployment, a flailing housing market, and a volatile stock market, all of which may be taking a toll on your health.
Mortgage fraud unit co-chair sues biggest banks
03 February 2012
Biggest banks accused of deceit, fraud in using electronic mortgage registry; lawsuit says homeowners foreclosed on falsely.
Top of the List: Franchisers
03 February 2012
Every week in ?Top of the List,? denverbusinessjournal.com highlights one of our exclusive lists that appear in the print edition of the Denver Business Journal. The weekly lists rank Colorado businesses and other entities in a host of categories, from law firms to lenders. Online, we give you basic information on the top five from each weekly list. The full list, including additional data on the top five, is available to DBJ subscribers only. And the lists are compiled each year in our annual Book of Lists, which is sent to subscribers and is available for purchase as a desk reference or in digital format...
New York sues banks over foreclosures
CNN, 03 February 2012
The New York attorney general sued some of the nation's biggest banks on Friday, accusing them of unlawful and deceptive practices for relying on a private electronic registry that tracks mortgages.
Anthony Gucciardo opens Colonie real estate office
03 February 2012
Anthony Gucciardo, one of the top-selling real estate agents in the Albany, New York, area, has opened a new office in Colonie. Gucciardo is leasing space at 441 New Karner Road, inside the law firm of Tully Rinckey PLLC. Gucciardo started his own brokerage, Gucciardo Real Estate Group LLC, in January after leaving HUNT Real Estate ERA in Loudonville. Gucciardo, 29, said he will refer clients to Tully Rinckey for closings, but the two businesses are separate. Gucciardo said the arrangement enables him to keep his costs down by not leasing a larger office...
New York investors getting Turnberry's Davie Commons
03 February 2012
It looks like Aventura-based Turnberry Associates is giving up control of its controversial Davie Commons project to a group of New York investors with a different plan for the property. KeyBank (NYSE: KEY) filed a foreclosure lawsuit in July against Davie Commons Holdings, Jeffrey Soffer, Jacquelyn Soffer and Turnberry Davie Commons Investors. The Soffers lead Turnberry Associates, which also owns the Fontainebleau Miami Beach. KeyBank sold that $17.4 million mortgage for an undisclosed sum to KBNP LLC, which, state records show, is controlled by Turnberry Associates and lists Jacquelyn Soffer as its managing member...
Mortgage Tornado Warning, Unheeded
New York Times, 04 February 2012
Inspired by a personal experience, a businessman became an unlikely sleuth into the practices of the mortgage industry, including Fannie Mae ? and his findings have been prescient.
Why foreclosure investors are double-edged sword for economy
04 February 2012
The best way to clear the vast inventory of foreclosed properties weighing down today's housing market is to get more investors involved.
MC Companies, Clark-Wayland form joint venture
03 February 2012
Scottsdale-based MC Companies and Phoenix-based Clark-Wayland have merged to create a joint venture called MC Clark-Wayland. The venture will focus mainly on development and construction of new multifamily projects in Phoenix and Tucson. The combined company has about 175 full-time employees. It currently has two projects under construction in Tucson. ?Together, the company is a full-spectrum real estate company with a depth that investors will appreciate,? said Jere Clark, principal of Clark-Wayland...
Central Ohio Inc.: After the beating, housing market back to ?98 levels
03 February 2012
Central Ohio?s housing market bore the brunt of the recession and lending freeze in 2008 and 2009, but its decline appears to be slowing given the sales performance last year. Sales of single-family houses and condos in the region tumbled nearly a fourth from 2006, when Ohio?s housing troubles picked up speed. But prices have fallen at less than half that rate, according to the Columbus Board of Realtors. Columbus? housing market peaked in 2005 for sales and selling prices, but last year?s sales put the market back to 1998 levels, the statistics show...
Beat stress for less
CNN, 03 February 2012
This year the end of the holidays probably didn't bring the usual stress relief; there are still worries about unemployment, a flailing housing market, and a volatile stock market, all of which may be taking a toll on your health.
Mortgage fraud unit co-chair sues biggest banks
03 February 2012
Biggest banks accused of deceit, fraud in using electronic mortgage registry; lawsuit says homeowners foreclosed on falsely.
Top of the List: Franchisers
03 February 2012
Every week in ?Top of the List,? denverbusinessjournal.com highlights one of our exclusive lists that appear in the print edition of the Denver Business Journal. The weekly lists rank Colorado businesses and other entities in a host of categories, from law firms to lenders. Online, we give you basic information on the top five from each weekly list. The full list, including additional data on the top five, is available to DBJ subscribers only. And the lists are compiled each year in our annual Book of Lists, which is sent to subscribers and is available for purchase as a desk reference or in digital format...
New York sues banks over foreclosures
CNN, 03 February 2012
The New York attorney general sued some of the nation's biggest banks on Friday, accusing them of unlawful and deceptive practices for relying on a private electronic registry that tracks mortgages.
Anthony Gucciardo opens Colonie real estate office
03 February 2012
Anthony Gucciardo, one of the top-selling real estate agents in the Albany, New York, area, has opened a new office in Colonie. Gucciardo is leasing space at 441 New Karner Road, inside the law firm of Tully Rinckey PLLC. Gucciardo started his own brokerage, Gucciardo Real Estate Group LLC, in January after leaving HUNT Real Estate ERA in Loudonville. Gucciardo, 29, said he will refer clients to Tully Rinckey for closings, but the two businesses are separate. Gucciardo said the arrangement enables him to keep his costs down by not leasing a larger office...
New York investors getting Turnberry's Davie Commons
03 February 2012
It looks like Aventura-based Turnberry Associates is giving up control of its controversial Davie Commons project to a group of New York investors with a different plan for the property. KeyBank (NYSE: KEY) filed a foreclosure lawsuit in July against Davie Commons Holdings, Jeffrey Soffer, Jacquelyn Soffer and Turnberry Davie Commons Investors. The Soffers lead Turnberry Associates, which also owns the Fontainebleau Miami Beach. KeyBank sold that $17.4 million mortgage for an undisclosed sum to KBNP LLC, which, state records show, is controlled by Turnberry Associates and lists Jacquelyn Soffer as its managing member...
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