Rental management platform TurboTenant raises $2.2 million to fund growth

TurboTenant, a free platform for landlords that includes rental marketing, online rental applications, tenant screening, renters insurance, tenant management and communication, is planning to grow thanks to some newly raised funding. The platform garnered new investments from Service Provider Capital; Michael Beaudoin, co-founder of HomeAdvisor; and Karl Sowa, former CMO of HomeAdvisor.
Source: HousingWire Magazine

PHH, Realogy agree to pay $17 million to settle lawsuit over alleged kickbacks

PHH Corp. and Realogy Holdings will pay $17 million as part of a class action settlement over alleged kickbacks involving a former joint mortgage venture between the two companies. The lawsuit, which was originally filed in 2015, accused the companies of violating the Real Estate Settlement Procedures Act by “improperly paying and receiving kickbacks, referral fees, or other things of value in connection with the referral of title insurance and other settlement services.”
Source: HousingWire Magazine

Former Ohio public housing director pleads guilty to embezzlement charges

Former Executive Director and CFO of the Coshocton Metropolitan Housing Authority Gregory Darr plead guilty to embezzling more than $431,000 from the United States Department of Housing and Urban Development.
Source: HousingWire Magazine

Retirement experts: Trump's order on retirement savings falls short

Last week, President Donald Trump made a move to address what many are calling a looming retirement crisis that could cripple the country as more Baby Boomers age. While his promise to “take care of our people, to rebuild our nation, and to fight for our great American workers” sounds great, some retirement experts question whether it really amounts to much.
Source: HousingWire Magazine

Real estate investment platform Landis buys shuttered startup GoldenKey

Landis, a growing real estate investment platform that enables institutional investors to buy and sell residential real estate, is buying GoldenKey, a real estate startup that raised $4.5 million over the last few years before shutting down recently. The company was able to secure more than $4 million in funding, including investments by Lowe’s and its venture capital arm, but that wasn’t enough to survive.
Source: HousingWire Magazine

[VIDEO] HousingWire readers, here's the nation's top news

Today, HousingWire takes a look at some of the most provocative and significant news stories nationwide. Our coverage ranges from heated Supreme Court confirmation hearings, political Twitter wars, highly publicized sports branding decisions, market takeovers and voting forecasts. Whatever’s happening around the country, it’s here for you to read.
Source: HousingWire Magazine

RBS meets $400 million consumer relief goal by handing out $130 million in relief

Just six months after the Royal Bank of Scotland reached a $500 million settlement with the state of New York over the bank’s mortgage practices in the run-up to the housing crisis, RBS has reached the settlement’s $400 million consumer relief goal, by providing just under $130 million in actual relief.
Source: HousingWire Magazine

The Mortgage Professor debunks 4 HECM myths

“When you drive, you have no control over the maniacs on the road, but when you take a reverse mortgage you are fully in charge of all the risks.” So wrote Jack Guttentag, a.k.a. The Mortgage Professor, in an article that took issue with the assertion that reverse mortgages are “unduly risky.” Guttentag lined up four reverse mortgage myths and shot them down, one by one. Here’s a recap.
Source: HousingWire Magazine

$85 million NYC condo comes with 2 tickets to space, $1 million yacht, more

New York City’s luxury market has been clogged with too much inventory in recent months, slowing the sale of high-end properties, like this 15,000 square-foot duplex penthouse in Hell’s Kitchen. The owner just put the property back on the market, adding a list of eye-popping perks in a bid to sweeten the pot.
Source: HousingWire Magazine

[Listen] HousingWire bids adieu to two mortgage lending titans

September marks the first official retirement days of two mortgage lending titans. In an exclusive interview with Jacob Gaffney, David Stevens, former head of the Mortgage Bankers Association, and Brad Blackwell, former EVP of housing policy and homeownership growth strategies at Wells Fargo Home Lending, reflect on their careers, friendship and where they think the industry is headed.
Source: HousingWire Magazine