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Private Equity Fund CEO Charged with Real Estate Investing Fraud

Private Equity Fund CEO Charged with Real Estate Investing Fraud

by Phil Hall | Sep 12, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The founder and CEO of an Orange County, California-based private equity fund has been charged with defrauding hundreds of investors out of approximately $62.5 million via a promissory note scam involving real estate, Broadway shows, and cryptocurrency. According to...
5-Unit, 125-Year-Old Connecticut Multifamily Property Sells for $1.7 Million

5-Unit, 125-Year-Old Connecticut Multifamily Property Sells for $1.7 Million

by Phil Hall | Sep 12, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A five-unit multifamily property in Norwalk, Connecticut, that was constructed in 1900 has been sold for $1.7 million, or $342,000 per unit. The three-story property at 2 Park Street encompasses four oversized one-bedroom units and one oversized loft studio totaling...
Trump Seeks Appeals Court to Enable Firing of Lisa Cook by Monday

Trump Seeks Appeals Court to Enable Firing of Lisa Cook by Monday

by Phil Hall | Sep 12, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

The Trump administration is seeking to have an appeals court to remove Lisa Cook from the Federal Reserve’s board of governors by Monday. The Associated Press reports the administration’s request is an attempt to exclude Cook from the central bank’s next vote on...
Commercial Mortgage Delinquencies Up During Q2

Commercial Mortgage Delinquencies Up During Q2

by Phil Hall | Sep 12, 2025 | Commercial Real Estate News, Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Commercial mortgage delinquencies were on the rise during the second quarter, according to data from the Mortgage Bankers Association (MBA). Based on the unpaid principal balance of loans, the MBA reported the following second quarter delinquency rates based on...
Michigan Credit Union Offers Mortgages at 4.99% Rate

Michigan Credit Union Offers Mortgages at 4.99% Rate

by Phil Hall | Sep 11, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Michigan credit union is seeking to attract new home loan borrowers by offering 30-year fixed-rate mortgages at a 4.99% rate. The Detroit Free Press reports Michigan Legacy Credit Union — which has branches in Wyandotte, Warren, Pontiac, Highland Township and Flat...
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