Singapore real estate giant CapitaLand enters U.S. multifamily with 5 million acquisition
With rents continuing to rise with little sign of slowing, multifamily real estate in the U.S. is beginning to draw some serious international investor interest, as one of Asia’s largest real estate companies is planning a U.S. invasion of its own. Singapore’s CapitaLand announced Tuesday that it is entering the U.S. multifamily market with an $835 million acquisition of 16 apartment communities in Seattle, Portland, Los Angeles, and Denver.
Home builders group: New tariffs on Chinese goods are a tax on housing
New tariffs against China could add $1 billion in costs to goods involved with housing construction. According to CNBC’s Realty Check, the NAHB estimates that of the 6,000 goods under the umbrella of the latest round of tariffs, roughly 600 products, representing $10 billion in goods, are related to the construction of new apartments and homes.
CoreLogic’s new integrated solution streamlines underwriter workflows
Despite all the improvements in consumer-facing point of sale solutions, underwriters are still following a manual process when it comes to borrower verification. CoreLogic, a leading global property information, analytics and data-enabled solutions provider, launched AutomatIQ Borrower to pull all of the disparate borrower verification tools together into a single solution from one provider.
C2 Financial ramps up reverse education
With more than 600 loan officers operating in 10 states, C2 Financial is one of the nation’s biggest brokerages, raking in $2.4 billion in originations last year. While C2 has had a HECM division for years, it did not see much action until father-daughter duo Scott Harmes and Christina Harmes took over the channel, establishing a certification program for C2 LOs that has caused volume to spike.
Title profits highest since 2002
During the second quarter of 2018, the title industry produced its highest quarterly profits in 16 years, according to an analysis from the American Land Title Association (ALTA). Read on for more details from ALTA’s latest Market Share Analysis.
New Jersey agency expands through acquisition
An independent title insurance company headquartered in Marlton, N.J., with19 locations serving New Jersey and Pennsylvania, has expanded with its acquisition of another agency in New Jersey. Read on to learn about the companies involved and what their executives had to say about the deal.
Qualia launches notary platform
Qualia has introduced a new platform that provides title and escrow agents with notary services from the company’s nationwide network of verified professional notaries. Read on to learn more about Qualia’s latest offering.
Home flipping ROIs drop
The home flipping ROI in the second quarter was the lowest in nearly four years. Read on for more details from ATTOM Data Solutions’ Q2 2018 U.S. Home Flipping Report.
Alliant National hires agency rep
Alliant National Title Insurance Co. has hired an agency support representative for Alabama, Mississippi and Tennessee. Read on for more details.