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Home | Tag Archives: Auction.com

Tag Archives: Auction.com

California Coastal Housing Unaffordable Again

One of the earliest phenomenon of the housing bubble was the ascension of home prices, making housing unaffordable relative to incomes. Markets across the nation cascaded from affordable to unaffordable--a key signal that prompted us to warn of the coming housing downturn. And it now appears that this symptom has cropped up once again, as almost all of California's coastal cities are now unaffordable.

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Analysts Say Government Should Continue ‘Significant’ Role in Housing

Ideally, the government should back up to 35 percent of all new mortgages, according to the median response given in a recent Zillow survey which polled 108 economists, real estate experts, and investment and market strategists. The government currently backs about 90 percent of all new mortgages. The last time the government held a 35 percent share of new originations was in 2006 at the height of the housing bubble.

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Auction.com SVP Ranked Among CRE’s ‘Top 45 Under 40′

Joseph Cuomo, SVP and director of business development for online real estate marketplace Auction.com, has been recognized by Real Estate Forum magazine as one of the commercial real estate industry's Top 45 Under 40. Cuomo was celebrated in the magazine's October issue as one of the rising superstars of commercial real estate.

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Winning Bidder in Loan Auction Sues Nationstar for Refusing Sale

Truman Capital Advisors and U.S. Bank filed suit against Nationstar after the servicer decided not to complete the sale and transfer of 534 mortgage loans Truman Capital bid on through Auction.com. According to the complaint Truman Advisors bought the non-performing loans for an agreed price of $150 million. A few days after Nationstar notified Truman Capital that it was the winning bidder, the complaint states Nationstar ""refused to complete the sale and transfer"" of the loans covered by the winning bids.

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Rick Sharga Takes on New Role at Auction.com

Rick Sharga has departed Carrington Mortgage Holdings to serve as EVP for Auction.com, the online real estate marketplace announced in a release. From his office in Auction.com's Irvine, California headquarters, Sharga will serve as the company's chief spokesman on topics related to the U.S. housing market, mortgage market, commercial real estate, and international real estate.

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Former Yahoo Exec Joins Auction.com

Auction.com selected industry veteran Michael Callahan to serve as executive VP, chief legal officer, and secretary. Before his appointment with the online real estate marketplace, Callahan served as executive VP, general counsel, and secretary at Yahoo, where he worked from 1999 to 2010.

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Auction.com Unveils New Research Division

Auction.com launched a new research division to provide data and analysis for the residential and commercial real estate sectors. According to a company release, the Auction.com research division is comprised of experienced economists and industry observers with track records of accurate research and forecasts.

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