Real Estate News

Real Estate News

Is Zillow violating anti-kickback law? Feds are looking into it

Zillow is in hot water with the federal government over alleged violations of anti-kickback and deceptive practices rules. According to Zillow, the Consumer Financial Protection Bureau has concluded a two-year investigation into the company’s “co-marketing” arrangements that allow mortgage lenders to pay for portions of realty agents’ monthly advertising costs on Zillow websites. In exchange for the money, lenders are presented in agents’ ads to site visitors as sources of financing.

Business

5 key steps in the mortgage underwriting process

An underwriter is an entity, typically a company, accountable for analyzing and assuming the risk of another entity. Underwriting typically happens behind the scenes but is an important aspect of mortgage approvals. The mortgage underwriting process has five key steps: verification, appraisal, title search and insurance, flood certification, and surveying.

Real Estate News

Maybe 1 percent-down mortgages are too good to be true

In a surprise move, giant investor Freddie Mac announced that it is ending purchases of certain low down payment loans that include lender contributions to the buyers’ down payments. Under the revised policy, borrowers will need to come up with at least 3 percent of the value of the house from their own personal resources for the down payment, though some of the money can come from traditionally allowable sources, such as gifts from relatives.

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See where you can afford a home in South Florida


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Videos

Sports cars and helicopters help launch Aston Martin luxury condo tower

The developers of a new ultra-luxury 66-story condo tower in Miami are unveiling their new sales center and luring international media with a day of crazy over-the-top activities.​
Jose Iglesias jiglesias@elnuevoherald.com
Sports cars and helicopters help launch Aston Martin luxury condo tower 2:03

Sports cars and helicopters help launch Aston Martin luxury condo tower

Miami Worldcenter's 'Jam Room' 0:31

Miami Worldcenter's 'Jam Room'

MiamiCentral train station begins to take shape 2:19

MiamiCentral train station begins to take shape

Offshore corporations: The secret shell game 2:24

Offshore corporations: The secret shell game

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