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Lafayette RE Management in $680,000 Settlement Over PPP Loan Fraud

Lafayette RE Management in $680,000 Settlement Over PPP Loan Fraud

by Phil Hall | Dec 19, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Lafayette RE Management LLC, a New York City-based asset manager focused on acquiring, developing, financing, and managing single-family homes, and company founder and majority owner Thibault Adrien have agreed to a $680,000 settlement to resolve allegations they...
DC Tax Firm Executive Pleads Guilty to Mortgage Fraud

DC Tax Firm Executive Pleads Guilty to Mortgage Fraud

by Phil Hall | Dec 19, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A Washington, DC-based CPA has pleaded guilty to making a false statement on a mortgage application and failing to file an income tax return. Timothy Trifilo was a managing director at an unnamed tax firm where he specialized in transaction structuring and advisory...
Federal Reserve Cuts Rates for Third Straight Time

Federal Reserve Cuts Rates for Third Straight Time

by Phil Hall | Dec 18, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The Federal Reserve announced its third consecutive rate cut, with a 25-basis-point slice that brings the federal funds rate down to the range of 4.25% to 4.5%. The decision by the central bank’s policy making Federal Open Market Committee had one dissenter –...
Title Insurance Premium Volume Up 5.3% in Q3

Title Insurance Premium Volume Up 5.3% in Q3

by Phil Hall | Dec 18, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The title insurance industry generated $4.3 billion in title insurance premiums during the third quarter, according to new data from the American Land Title Association (ALTA). This marked a 5.3% upswing from one year earlier. During the third quarter, total operating...
Insurance Bureau of Canada Slams Trudeau Response to Climate-Related Losses

Insurance Bureau of Canada Slams Trudeau Response to Climate-Related Losses

by Phil Hall | Dec 18, 2024 | International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Insurance Bureau of Canada (IBC), the national industry association representing Canadian private home, auto and business insurers, has blamed Prime Minister Justin Trudeau’s for failing to protect property owners from climate-related disasters during 2024....
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