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Utah Leads the Nation in Home Improvement Loans

Utah Leads the Nation in Home Improvement Loans

by Phil Hall | Nov 15, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

An average of 361 home improvement loans are originated for every 100,000 owner-occupied houses, according to a new data report by LendingTree (NASDAQ:TREE). Also on average, 77.8% of new home improvement loans across the 50 states are second-lien mortgages. And among...
Rocket Mortgage Faces Second Lawsuit Alleging Telemarketing Overkill

Rocket Mortgage Faces Second Lawsuit Alleging Telemarketing Overkill

by Phil Hall | Nov 15, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

For the second time in five months, Rocket Mortgage, a division of Rocket Companies (NYSE: RKT), is being sued because of overly aggressive telemarketing outreach. The National Law Review reported a class action lawsuit was brought by Kellie Deits, an Arizona resident...
Sotheby’s International Realty Expands in Upstate New York

Sotheby’s International Realty Expands in Upstate New York

by Phil Hall | Nov 15, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Sotheby’s International Realty has expanded into the Rochester, New York-area market with the addition of High Falls Sotheby’s International Realty. The newly added firm is the company’s 60th office in New York State, with 23 real estate associates serving...
Gavin Morgan Joins Grubb Properties as Managing Director for Investments

Gavin Morgan Joins Grubb Properties as Managing Director for Investments

by Phil Hall | Nov 15, 2023 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Grubb Properties, a leading vertically integrated commercial real estate firm focused on the multifamily sector, has hired Gavin Morgan as managing director for investments. In his new role, Morgan will work on expanding Grubb’s capital formation efforts, with a...
Leadership Changes Coming to Fannie Mae

Leadership Changes Coming to Fannie Mae

by Phil Hall | Nov 15, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Fannie Mae (FNMA/OTCQB) announced a series of changes within its leadership ranks. President David C. Benson will retire in early to mid-2024. He has been with the government-sponsored enterprise for 21 years and served in a wide range of positions, including interim...
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