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NAR Names Media Executive Nykia Wright as Interim CEO

NAR Names Media Executive Nykia Wright as Interim CEO

by Phil Hall | Nov 2, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The National Association of Realtors (NAR) has reached outside of the real estate industry for its leadership by recruiting Nykia Wright as its interim CEO, effective Nov. 20. Wright was formerly CEO of the Chicago Sun-Times and is co-founder of SonicMessenger, a...
FHA Proposes Policy Updates to HECM Program

FHA Proposes Policy Updates to HECM Program

by Phil Hall | Nov 2, 2023 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Housing Administration (FHA) is seeking feedback on proposed policy updates to its Home Equity Conversion Mortgage (HECM) program. According to an announcement issued by the U.S. Department of Housing and Urban Development (HUD), the proposed updates are...
Accurate Group Acquires Voxtur Appraisal Services

Accurate Group Acquires Voxtur Appraisal Services

by Phil Hall | Nov 1, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Accurate Group, a Cleveland-headquartered provider of technology-driven real estate appraisal, title data, analytics, and e-closing solutions, has acquired Voxtur Appraisal Services LLC, an appraisal management company (AMC) serving real estate finance providers. The...
Federal Reserve Holds Rates Steady

Federal Reserve Holds Rates Steady

by Phil Hall | Nov 1, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Federal Reserve kept its finger on the pause button and opted against a new rate hike. The central bank’s policymaking Federal Open Market Committee unanimously approved this decision. In a statement, the Committee said it would maintain the target range of the...
Wells Fargo Vice Chairman Leaves After A Month on the Job

Wells Fargo Vice Chairman Leaves After A Month on the Job

by Phil Hall | Oct 30, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Wells Fargo (NYSE:WFC) announced Thomas R. Nides has resigned as its vice chairman, one month after he joined the company. Nides joined Wells Fargo after retiring in July as U.S. Ambassador to Israel, a post he had held since 2021. In announcing his departure, Nides...
Cenlar Taps David Schneider as President

Cenlar Taps David Schneider as President

by Phil Hall | Oct 30, 2023 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Cenlar FSB, a Ewing, New Jersey-based mortgage loan subservicer, has named David Schneider as the company’s president. Schneider joined the company earlier this year as chief financial officer. Before coming to Cenlar, he was the president of CitiMortgage, president...
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