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SEC Charges Podcaster in Real Estate Ponzi Scheme

SEC Charges Podcaster in Real Estate Ponzi Scheme

by Phil Hall | Sep 26, 2023 | Industry Updates, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The U.S. Securities and Exchange Commission (SEC) charged Matthew Motil, host of the podcast “The Cash Flow King,” with fraudulently raising approximately $11 million from more than 50 investors in a Ponzi scheme involving notes purportedly backed by residential...
Federal Reserve Keeps Rates Steady

Federal Reserve Keeps Rates Steady

by Phil Hall | Sep 20, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Federal Reserve has opted to hit the pause button on its rate setting activity. The central bank’s policymaking Federal Open Market Committee voted unanimously to maintain the target range for the federal funds rate at 5.25% to 5.5%. While claiming recent...
‘Million Dollar Listing’ Star is Co-Founder of New Real Estate Media Company

‘Million Dollar Listing’ Star is Co-Founder of New Real Estate Media Company

by Phil Hall | Sep 20, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

“Million Dollar Listing Los Angeles” star Josh Flagg is part of the leadership team of a new media company focused on the real estate industry. According to a Wall Street Journal report, Flagg has teamed with Griff O’Brien, a former content acquisition officer at...
CFPB Issues Guidance on How Lenders Can Use AI Tools

CFPB Issues Guidance on How Lenders Can Use AI Tools

by Phil Hall | Sep 19, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) has issued a guidance related to legal requirements that lenders must follow when using artificial intelligence (AI) and other complex models. The CFPB noted that creditors often use complex algorithms with large...
Tri Pointe Homes Expands Into Utah Market

Tri Pointe Homes Expands Into Utah Market

by Phil Hall | Sep 19, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The homebuilder Tri Pointe Homes (NYSE: TPH) is expanding its footprint with the opening of a new division in Utah. The Incline Village, Nevada-headquartered company will base its Utah operations in the greater Salt Lake City region. Tri Pointe Homes cited Utah’s...
Housing Starts Down in August

Housing Starts Down in August

by Phil Hall | Sep 19, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Single‐family housing starts in August were at a rate of 941,000, according to new data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Last month’s rate was 4.3% below the revised July figure of 983,000. Privately‐owned housing...
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WeeklyRENews
WeeklyRENews avatar; Weekly Real Estate News @WeeklyRENews ·
13 Sep 1701995169136927138

A total of 33,952 residential properties had foreclosure filings in August, up 7% from the previous month but down 2% from one year earlier, according to data from ATTOM.

Nationwide, one in every 4,113 housing units had a foreclosure filing last month.

https://wrenews.com/foreclosure-activity-records-uptick-in-august/

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WeeklyRENews avatar; Weekly Real Estate News @WeeklyRENews ·
13 Sep 1701994524065554796

Mortgage application activity went into decline again last week, according to data from the Mortgage Bankers Association (MBA).

The Market Composite Index, the trade group’s measure of mortgage loan application volume, was down by 0.8% #JoelKan #MBA

https://wrenews.com/mortgage-application-activity-down-again/

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WeeklyRENews avatar; Weekly Real Estate News @WeeklyRENews ·
13 Sep 1701992814823817572

The Appraisal Institute has launched its Practical Applications of Real Estate Appraisal (AI PAREA) program to expand the depth and scope of the appraiser profession.

The Appraisal Foundation’s Boardof Trustees awarded a $500,000 Pathway to Success

https://wrenews.com/appraisal-institute-debuts-program-to-expand-appraiser-base/

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