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David Rattner Joins Tredway as Vice President

David Rattner Joins Tredway as Vice President

by Phil Hall | Oct 27, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Tredway, a New York City-based affordable and mixed-income real estate developer, has added David Rattner to its investments team as a vice president. In his new role, Rattner will be responsible for underwriting, structuring and leading the development of affordable...
Federal Regulators Prepping Update to CRA

Federal Regulators Prepping Update to CRA

by Phil Hall | Oct 24, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The federal banking regulators are completing an update to a Carter administration-era legislation designed to erase redlining and secure more lending in lower-income neighborhoods by banks. The Federal Reserve voted six to one today to complete the updating of the...
Justice Dept. Reportedly Planning Antitrust Suit Against NAR Despite Court Order

Justice Dept. Reportedly Planning Antitrust Suit Against NAR Despite Court Order

by Phil Hall | Oct 24, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

As the National Association of Realtors (NAR) is in the legal spotlight with an ongoing class-action lawsuit in Kansas City, the U.S. Department of Justice (DOJ) is reportedly preparing to pursue a federal antitrust suit despite being under a court order to abide by a...
Existing Homes Sales Down During September

Existing Homes Sales Down During September

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

Total existing home sales during September declined by 2% from August to a seasonally adjusted annual rate of 3.96 million, according to new data from the National Association of Realtors (NAR). On a year-over-year basis, sales dropped 15.4% from the 4.68 million...
Study: Sunbelt States Have Higher Household Debt Than Midwest States

Study: Sunbelt States Have Higher Household Debt Than Midwest States

by Phil Hall | Oct 17, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Sunbelt states that saw rising populations during the pandemic are now grappling with surging household debt while their Midwest neighbors are handling debt significantly better, according to the newly published “The U.S. States Most Impacted By Household Debt...
Philadelphia Fed Chief: ‘We Can Hold Rates Where They Are’

Philadelphia Fed Chief: ‘We Can Hold Rates Where They Are’

by Phil Hall | Oct 16, 2023 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Philadelphia Federal Reserve President and CEO Daniel Harker addressed the Mortgage Bankers Association’s 2023 Annual Convention & Expo in Philadelphia this morning and admitted there was an absence of jubilation among the attendees regarding the central...
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