CMBS Delinquency Rate Soars to 6.40%
The delinquency rate for commercial mortgage-backed securities (CMBS) soared in November by 42 basis points to 6.40%, according to new data from Trepp Inc. One year ago, the delinquency rate was at 4.58%. Trepp attributed the upswing to substantial increases in the...
Trump Nominates Real Estate Developer Charles Kushner as Next Ambassador to France
President-elect Donald Trump announced his decision to nominate New Jersey-based real estate developer Charles Kushner to become the next U.S. ambassador to France. Kushner is the founder of Kushner Companies and is the father of Jared Kushner, Trump’s son-in-law. He...
Three Bay Area Real Estate Professionals Sentenced for Mortgage Fraud Scams
A trio of real estate professionals in California’s Bay Area were sentenced for their roles in a $55 million mortgage fraud conspiracy case. According to the charges brought against them, Tjoman Butalim of San Francisco was a licensed real estate broker until his...
Vivek Ramaswamy Condemns NYC’s $220 Million Deal to House Migrants at Pakistan-Owned Hotel
Vivek Ramaswamy, the tech entrepreneur who teamed with Elon Musk on President-elect Donald Trump’s new Department of Government Efficiency (DOGE), has blasted New York City’s $220 million agreement to use the historic Roosevelt Hotel for $220 million as a processing...
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CMBS DELINQUENCY RATE DROPS BY FIVE BASIS POINTS. Learn more at https://wrenews.com/cmbs-delinquency-rate-drops-by-five-basis-points/
JEF CONN NAMED 2024 BOARD CHAIRMAN OF TEXAS REALTORS. Learn more at https://wrenews.com/jef-conn-named-2024-board-chairman-of-texas-realtors/
MBA’S BROEKSMIT EXPRESSES ‘SIGNIFICANT CONCERN’ OVER PAUSING FORECLOSURES ON VA-GUARANTEED LOANS. Learn more at https://wrenews.com/mbas-broeksmit-expresses-significant-concern-over-pausing-foreclosures-on-va-guaranteed-loans/
