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Former Mayor of NJ Town Sentenced in Mortgage Fraud Case

Former Mayor of NJ Town Sentenced in Mortgage Fraud Case

by Phil Hall | Jun 8, 2026 | Current News & Events, Mortgage Information, Real Estate News, WRE News Exclusive

Nathaniel Anderson, a town councilman and the former Mayor of Willingboro in Burlington County, New Jersey, was sentenced to 12 months and a one day in prison, followed by a three-year term of supervised release for committing mortgage fraud in connection with a...
Elon Musk’s SpaceX Snags 100% Property Tax Abatement for Chip Manufacturing Development in Texas

Elon Musk’s SpaceX Snags 100% Property Tax Abatement for Chip Manufacturing Development in Texas

by Phil Hall | Jun 8, 2026 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Elon Musk’s SpaceX has secured a 100% property tax abatement for its proposed $55 billion Terafab chip manufacturing ​project in Grimes County, Texas. SpaceX said the project is crucial to its efforts to expand into advanced computing infrastructure and domestic chip...
Two Harbors Challenges UWM to Make All-Cash Offer with No Stock Component

Two Harbors Challenges UWM to Make All-Cash Offer with No Stock Component

by Phil Hall | Jun 8, 2026 | Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The drama involving UWM Holdings Corporation’s (NYSE: UWMC) attempt to acquire Two Harbors Investment Corp. (NYSE: TWO) took a new twist as the Two Harbors issued a bold challenge to its persistent suitor. While the board of Two Harbors said it continued to urge...
Darren Macri Named Board President of Passive House Network

Darren Macri Named Board President of Passive House Network

by Phil Hall | Jun 8, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Passive House Network, a nonprofit organization focused on providing educational outreach on the Passive House sector, as named Darren Macri as the president of its board. Macri, who previously served as the board’s vice chairman, is co-CEO of Wythe Windows, a Ramsey,...
Report: CFPB’s Chief Legal Officer to Assume Role of Acting Director

Report: CFPB’s Chief Legal Officer to Assume Role of Acting Director

by Phil Hall | Jun 8, 2026 | Current News & Events, Real Estate News, WRE News Exclusive

Mark Paoletta, the chief legal officer at the Consumer Financial Protection Bureau (CFPB), has been selected as agency’s deputy director, which puts him in line to succeed Acting Director Russ Vought. According to a Bloomberg report, Vought’s term as acting director...
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