The New York City-based real estate development firm LeFrak broke with tradition by naming Adam Silfen to the newly created role of president and chief operating officer, marking the first time in the company’s 120-year history that a non-family member joined its...
Ginnie Mae announced its mortgage-backed securities (MBS) portfolio outstanding grew to $2.71 trillion as of January. Ginnie Mae issued $39.8 billion in total MBS last month, resulting in a net portfolio growth of $16.7 billion. Of that amount, $38.4 billion was...
The National Association of Home Builders (NAHB) has elected Buddy Hughes, a Lexington, North Carolina-based home builder and developer, as its 2025 chairman. Hughes opened his general contracting business, Hughes Construction, in 1984. Today, he serves as a product...
A Florida real estate agent self-dubbed the “Land Man” was sentenced to 14 months in prison for failing to file his income tax returns during a five-year period. Sedita Charles Cayson was found guilty last month by a federal judge of five counts of willfully failing...
The Consumer Financial Protection Bureau (CFPB) has dropped four enforcement actions against financial services companies. CNBC reports the agency issued legal filings for the voluntary dismissal for cases involving Capital One, the Berkshire Hathaway-owned Vanderbilt...
Hits and Misses for the Real Estate Week of June 22-26
