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Don King Punched with $5.35 Million Foreclosure Lawsuit

Don King Punched with $5.35 Million Foreclosure Lawsuit

by Phil Hall | Mar 12, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The iconic and often controversial boxing promoter Don King was named in a $5.35 million foreclosure lawsuit over his headquarters complex in Deerfield Beach, Florida. According to combined media reports, the lawsuit was filed last week by Blueprint 501LLC, affiliate...
Mortgage Application Activity Up 11.2%

Mortgage Application Activity Up 11.2%

by Phil Hall | Mar 12, 2025 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications were on the rise again, according to data from the Mortgage Bankers Association (MBA) for the week ending March 7. The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 11.2% on a seasonally adjusted basis...

Report: HUD to End Biden Program for Energy Efficiency Upgrades to Affordable Housing

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

The Trump administration is planning to end a $1 billion Biden-era program designed to upgrade affordable housing structures with energy efficiency improvements. The Associated Press reports that it obtained an internal document from the Department of Housing and...
HUD Rejects Asheville Hurricane Relief Aid Plan Over DEI Criteria in Funds Disbursement

HUD Rejects Asheville Hurricane Relief Aid Plan Over DEI Criteria in Funds Disbursement

by Phil Hall | Mar 12, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

The Department of Housing and Urban Development (HUD) has temporarily rejected a draft action plan submitted by the City of Asheville, North Carolina, because it proposed using Diversity, Equity and Inclusion (DEI) criteria for distributing Hurricane Helene disaster...
Foreclosure Activity Up During February

Foreclosure Activity Up During February

by Phil Hall | Mar 12, 2025 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 32,383 residential properties carried foreclosure filings in February, up 5% from January but 1.7% lower than the level recorded in February 2024. According to data from ATTOM, one in every 4,395 housing units had a foreclosure filing in February. States...
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