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The Alexander Brothers, Top Real Estate Brokers, Arrested in Miami

The Alexander Brothers, Top Real Estate Brokers, Arrested in Miami

by Phil Hall | Dec 11, 2024 | Industry Updates, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Three brothers in a prominent real estate industry family who have been the target of an FBI probe for rape and sexual assault were arrested in Miami. The Wall Street Journal reported Tal and Oren Alexander, who were brokers at Douglas Elliman before starting their...
Former Ginnie Mae Chief Takes Role at Freddie Mac

Former Ginnie Mae Chief Takes Role at Freddie Mac

by Phil Hall | Dec 9, 2024 | Industry Updates, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Freddie Mac (OTCQB: FMCC) has announced the appointment of Sam Valverde as vice president of mission and community engagement within its single-family acquisitions division. Sam Valverde served as acting president from May through the end of November, when he stepped...
NY Times Publishes Report on NAR Executives’ High Salaries and Lavish Spending

NY Times Publishes Report on NAR Executives’ High Salaries and Lavish Spending

by Phil Hall | Nov 18, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The New York Times (NYSE: NYT) has published another investigative report into the National Association of Realtors (NAR), this time examining the financial benefits enjoyed by its executive leadership. Under the headline “Chauffeured Cars and Broadway Tickets: Inside...
Jay Crowell Named National Retail Division President at Cornerstone Home Lending

Jay Crowell Named National Retail Division President at Cornerstone Home Lending

by Phil Hall | Nov 18, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Cornerstone Home Lending, a division of Houston-headquartered Cornerstone Capital Bank, has promoted Jay Crowell to the newly created role of president of the national retail division. In his new position, Crowell will drive the strategy and continued growth of...
Zillow Promotes SVP Jun Choo to Chief Operating Officer

Zillow Promotes SVP Jun Choo to Chief Operating Officer

by Phil Hall | Nov 15, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Zillow Group Inc. (NASDAQ: Z and ZG) announced the promotion of Jun Choo to chief operating officer (COO). In addition to Choo’s appointment, Zillow announced the departures of Susan Daimler and Matt Daimler, president of Zillow and senior vice president of...
Rocket Companies Fizzles with Q3 Loss of $481 Million

Rocket Companies Fizzles with Q3 Loss of $481 Million

by Phil Hall | Nov 13, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Detroit-based Rocket Companies (NYSE: RKT) recorded a $481 million loss in the third quarter on $647 million in total revenue. The company’s dismal third quarter performance followed a mild $178 million profit in the second quarter, when the company’s total revenue...
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