Most senior real estate executives believe that industry fundamentals are solid and that overseas growth will partially offset the softening of the domestic market, according to a new report by The Real Estate Roundtable and FPL Advisory Group. "Leading the Enterprise 2008," released at the Roundtable's 2008 State of the Industry Meeting in Washington, indicates that 69% of nearly 200 surveyed executives are forecasting revenue increases this year and 71% expect profitability to increase. "While we're seeing a more cautious approach to enterprise management in 2008, new opportunities are opening up due to industry globalization, which presents new areas of investment for U.S. capital while also attracting foreign equity capital to our shores," said William J. Ferguson, co-chairman of FPL and the author of the report. The report can be found at http://www.fpladvisorygroup.com.
-
Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
April 25