Hub News

Ivana Trump Sells Home for $12M Profit

Ivana Trump, ex-wife of real estate mogul Donald Trump, revealed that she recently sold her 5-bedroom, 7.5-bathroom Palm Beach mansion for a $12 million profit. Ivana purchased the home in 1994 for $4.4 million and sold it 20 years later

Housing Affordability Out of Reach to Many in Los Angeles

New York and San Francisco have long been infamous for their excessive housing prices. Now, Los Angeles can be added to that list. Compounding the problem in L.A. is the continuing conversion of once-impoverished areas into new, more affluent neighborhoods.

Colorado Luxury Development Offers Fractional Ownership

One Steamboat Place, a luxury development in Steamboat Springs, Colorado, is offering up a new type of vacation property ownership that is similar to a timeshare. Unlike timeshares, however, this new type of fractional ownership exclusively targets high-end properties. Plus,

Lenders Unlikely to Use New FICO 9

Although the new FICO credit model, FICO 9, has been met with much optimism, it is unlikely that it will be used any time in the immediate future. The new model could boost individuals’ scores by as many as 25

Wells Fargo Is Commercial and Multi-Family Mortgage Leader

The Mortgage Bakers Association announced this week that Wells Fargo leads the pack of commercial and multi-family mortgage servicers in the United States. Wells Fargo had lent out $446.8 billion as of June 30, 2014. PNC Real Estate/Midland Loan Service

Foreclosure Numbers Down

The number of homeowners facing foreclosure in July was down from the month before and also saw a 34.4 percent decrease from July 2013. According to CoreLogic, there were approximately 640,000 homes in foreclosure in July 2014 and 967,000 in

Pending Home Sales at a New 2014 High

Mortgage News Daily is reporting that pending home sales are at the highest level they’ve been since August 2013. According to the National Association of Realtors, the Pending Home Sales Index for July 2014 was measured at 105.9, which is

Home Prices Keep Rising, But Pace Is Slowing

Home prices rose 6.2% this spring from the same time last year, though the rate of growth is significantly smaller than the year-over-year comparisons for the three previous seasons. Las Vegas saw the largest spring increase at 15.2 percent, while

Mortgage Banks Back in the Black

In the second quarter of 2014, mortgage banks reported an average net gain of nearly $1,000 per loan. That number is up quite a bit from the previous quarter, when the banks were losing almost $200 for every loan taken

The World’s Most Expensive Apartment Is Being Built

The Sky Penthouse – set to be the world’s most expensive apartment – is currently under construction in Monaco. It will sit high above the nation’s skyline and overlooks the Riviera. The 35,000-square-foot, five-story abode is expected to sell

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