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Billionaire Investor Marc Andreesen Lists Mansion for $33.3 Million

Billionaire Investor Marc Andreesen Lists Mansion for $33.3 Million

by Phil Hall | Mar 18, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Billionaire tech investor Marc Andreesen has listed his mansion in the ultra-upscale town of Atherton, California for $33.3 million. The Wall Street Journal reported that Andreessen – who co-founded Netscape and whose venture-capital firm Andreessen Horowitz were...
Trump Unable to Secure $454 Million Surety Bond in Valuation Fraud Case

Trump Unable to Secure $454 Million Surety Bond in Valuation Fraud Case

by Phil Hall | Mar 18, 2024 | Commercial Real Estate News, Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Former President Donald Trump has been unable to secure the $454 million appeal bond in the civil business fraud judgment against him, according to his attorneys said in a New York court filing this morning. CNBC reported the attorneys for Trump and his co-defendants...
Trump Advisers Offer Possible Candidates to Replace Powell as Fed Chairman

Trump Advisers Offer Possible Candidates to Replace Powell as Fed Chairman

by Phil Hall | Mar 18, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Economic advisers to former President Donald Trump’s re-election campaign have offered a shortlist of candidates to replace Jerome Powell as chairman of the Federal Reserve. The Wall Street Journal, sourcing its coverage from unnamed “people familiar with the matter,”...
Camilo Escalante to Chair NAHREP’s Corporate Board of Governors

Camilo Escalante to Chair NAHREP’s Corporate Board of Governors

by Phil Hall | Mar 18, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

The National Association of Hispanic Real Estate Professionals (NAHREP) announced the appointment of Camilo Escalante as chairman of its 2024 Corporate Board of Governors (CBOG). Escalante is executive director of diverse segments at Guaranteed Rate, where he was...
IMBs Recorded Net Production Losses in Q4 2023

IMBs Recorded Net Production Losses in Q4 2023

by Phil Hall | Mar 18, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $2,109 on each loan they originated in the fourth quarter of 2023, according to new data from the Mortgage Bankers Association (MBA). This represented an increase...
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