Real Estate News
Kornwasser Sells Lakeview Pleasant Pavilion for $42M
PEORIA, AZ-San Diego-based Excel Trust acquires the 373,000-square-foot community shopping center, which has a 185,000-square-foot Super Targe as its shadow anchor.
Lennar Homes to Build 83 New Single-Family Homes in El Mirage
EL MIRAGE, AZ-Lennar Homes will construct 83 new single-family homes in El Mirage.
Six Questions for Robert Kline
SCOTTSDALE, AZ-GlobeSt.com chats with the CEO and principal of RW Kline Cos. about trends in retail real estate and what's happening with note sales.
Refis Strengthen Again as Rates Plummet
It was the third week in a row that inquiries for refinances were higher as mortgage rates continued to descend to depths not seen before. All signs point to even lower mortgage rates in next week's report. But at least one category that did not participate in the rally was purchase financing.
A 4 percent increase was recorded from the prior week for the U.S. Mortgage Market Index from Mortech Inc. and Mortgage Daily, leaving the index for the week ended May 18 at 233. The index was unchanged from the week ended May 20, 3011.
The best-performing category in today's report was refinance, which climbed 10 percent from last week and was 42 percent higher than the same week last year. Refinance business has risen each of the past three weeks.
Freddie Sued by Its Biggest Mortgage Insurer
A lawsuit has been filed against the Federal Home Loan Mortgage Corp. and its conservator-regulator by the secondary lender's biggest mortgage insurance counterparty. At issue is the interpretation of the maximum coverage for a pool of loans.
The lawsuit was filed in U.S. District Court for the Eastern District of Wisconsin.
In addition to Freddie Mac, the Federal Housing Finance Agency is named as a defendant.
MGIC Loosens Restricted Markets Requirements
Credit and debt-to-income ratio requirements have been eased in the country's most struggling real estate markets by Mortgage Guaranty Insurance Corp. The move is a result of market improvement.
Current guidelines require a minimum credit score of 720 in markets where restricted underwriting guidelines are in place.
The limitation applies to loans up to $625,500 that are secured by properties in Arizona, Florida and Nevada.
Attendees Expect 2012 RECon to Be the Best One Since 2007
Spirits are they highest they've been since the recession as retail real estate's biggest event gets under way.
Exclusive Research: Ship-to-Shore-to-Store
The continued rise of e-commerce and increased optimization of supply chains is affecting everything from distribution centers to store layouts.
Let the Dealmaking Begin
It?s May, and that means one thing in the commercial real estate world: turning its attention to Las Vegas to see what happens at ICSC?s RECon show.