The Daily Beat
“Submerge docs with FICOs” – Are you drowning your listings?
The world of real estate has gone mad. The MLS had so many bloopers this past week that I’m convinced the winter slump has set in and brains are hibernating. Thanks to Jane Peters of Los Angeles and Fred Glick of Philadelphia for their great finds. Enjoy the fun, my friends: You Snooze, You Lose “Very delirious home” (…And it ...
Realtor.com updates mobile app suite, adds new features
New iOS real estate search app Realtor.com today announces major product updates to their iOS (Apple) apps to help users to discover and research price reduced, foreclosed, and recently sold properties, which the company tells AGBeat “lays the groundwork for an easier and faster iPad, iPhone, and iPod Touch app.” The updates integrate the new Realtor.com Data API and offers ...
Entrepreneurs must balance optimism and realism
What entrepreneurs have in common If you are an entrepreneur, chances are that you are intensely driven, totally in love with your chosen profession or borderline insane, and I’m betting it is a combination of all of the three that led you to take a leap of faith and start your business. It’s not too hard to start a business, ...
Does Redfin’s high profile hire signal a looming IPO?
Redfin’s new CMO Over the years, real estate company, Redfin.com has edged closer and closer to a hybrid between their early days of disruption and the traditional real estate model, with some questioning if their round of hiring last fall paired with a recent alteration of their pricing (which is still discounted compared to most of their competitors, yet less ...
Goomzee launches mobile marketing solution for property managers
New site, new tools After their major site overhaul revealed last week, Goomzee.com today announced their new offering of a custom-tailored solution for property management professionals which they say is designed by property management professionals to solve common problems that are unique to their sector. Goomzee provides mobile technology tools for real estate professionals, already serving multiple listing services (MLS), ...
Battling negative stereotypes entrepreneurs are given
Some think “entrepreneur” means “unemployed” Being an entrepreneur comes with many benefits and wonderful experiences, but it also comes with ample stereotypes – some of which are negative. While you undoubtedly have a lot on your plate already, the truth of the matter is that as an entrepreneur, you’ll have to deal with these negative stereotypes as you continue to ...
Loan default rates drop slightly in January
Dropping default rates According to the Standard & Poor’s (S&P)/Experian Consumer Credit Default Indices for January, most loan types saw a drop in default rates after four consecutive months of rising defaults in America, primarily improving in consumers’ first mortgage default rates. Second mortgage and bank card default rates fell slightly in January while auto loan default rates remained stagnant. ...
Realtor accused of $50 million fraud scheme, own parents allegedly victims
Multi-million dollar mortgage fraud scheme The U.S. Attorney General’s office has arrested well known San Diego Realtor, Eric Elegado, his wife Charmagne Elegado and seven employees for allegedly defrauding banks and buyers of over $50 million, ultimately costing banks $15 million, according to Fox 5 San Diego. All nine defendants have plead not guilty. The federal prosecutors unsealed the indictment ...
FHFA pushes for privatization of Fannie Mae, Freddie Mac
The way forward for Fannie, Freddie The Federal Housing Finance Agency (FHFA) today sent a strategic plan to Congress regarding Fannie Mae and Freddie Mac over whom they are the conservators, in an effort to guide mortgage lending toward the private sector and away from government control. The plan is in response to a lack of action by Congress and ...
CoreLogic to improve transparency for mortgage servicers
Much needed transparency Debuting at MBA’s National Mortgage Servicing Conference & Expo, CoreLogic announced today a new default servicing platform that the company says will “streamline the way mortgage servicers manage loans through all stages of the default lifecycle.” In light of the continued robosigning debacle and the damaged chain of title across the nation, the new platform “Default View” ...





























