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Finmarc Management Buys Maryland Shopping Center for $30 Million

Finmarc Management Buys Maryland Shopping Center for $30 Million

by Phil Hall | Jul 12, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Finmarc Management Inc., a commercial real estate investment and management firm headquartered in Bethesda, Maryland, has acquired Riverview Plaza, a 185,275-square-foot shopping center in Frederick, Maryland, for $30 million. Riverview Plaza opened in 1998 and is...
Quebec’s Q2 Home Sales Up 12%

Quebec’s Q2 Home Sales Up 12%

by Phil Hall | Jul 12, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Quebec recorded a total of 26,166 residential sales in the second quarter 2024, up 12% year-over-year, according to the Quebec Professional Association of Real Estate Brokers (QPAREB). This level of activity was higher than the average recorded for this time of year...
HUD, Appraisal Foundation Offer Different Spins on Conciliation Agreement

HUD, Appraisal Foundation Offer Different Spins on Conciliation Agreement

by Phil Hall | Jul 12, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The U.S. Department of Housing and Urban Development (HUD) and The Appraisal Foundation reached a conciliation agreement yesterday that resolved a December 2021 investigation ordered by former HUD Secretary Marcia Fudge into allegations of discrimination into the...
Mortgage Rates Slide Away from the 7% Mark

Mortgage Rates Slide Away from the 7% Mark

by Phil Hall | Jul 12, 2024 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Mortgage rates moved further away from the 7% mark in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.89% as of July 11, down from last week when it averaged 6.95%. A year ago at this time,...
CFPB Proposes Rule Changes to Help Prevent Foreclosures

CFPB Proposes Rule Changes to Help Prevent Foreclosures

by Phil Hall | Jul 11, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) has proposed new rules designed to make it easier for homeowners to get help when they are struggling to pay their mortgage. According to the CFPB, the proposed changes would require mortgage servicers to focus on...
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