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273 Bank Branches Closed in May

273 Bank Branches Closed in May

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

More bank branches were closed than opened during May, according to a data analysis from S&P Global Market. Last month saw the closing of 273 bank branches. U.S. Bancorp, the Minneapolis-based parent company of U.S. Bank NA, led the industry with the most active...
National Association of Realtors Begins National Search for New CEO

National Association of Realtors Begins National Search for New CEO

by Phil Hall | Jun 26, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Association of Realtors (NAR) has launched a nationwide search to replace CEO Bob Goldberg, who is retiring at the end of 2024. The organization has tapped national talent firm Career Management Partners (CMP) in the search for Goldberg’s replacement,...
Happy Days Are Here Again: Builder Confidence Rises in Positive Territory

Happy Days Are Here Again: Builder Confidence Rises in Positive Territory

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

Builder confidence transitioned into positive territory for the first time in 11 months, according to the latest National Association of Home Builders (NAHB) / Wells Fargo (NYSE:WFC) Housing Market Index (HMI). The HMI for the market for newly built single-family...
HUD Makes $2M Available for Affordable Housing Creation in Smaller Communities

HUD Makes $2M Available for Affordable Housing Creation in Smaller Communities

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

The U.S. Department of Housing and Urban Development (HUD) announced a Notice of Funding Opportunity (NOFO) of $2 million through the HOPE VI Main Street Program. According to HUD, the grant program provides financial assistance to smaller communities looking to...
FICO Hosting ‘Score A Better Future’ Homeownership Webinar

FICO Hosting ‘Score A Better Future’ Homeownership Webinar

by Phil Hall | Jun 16, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

FICO (NYSE:FICO) is hosting a free webinar on June 20 designed to explore financial well-being and the elements of homeownership. “Score A Better Future” is being presented in partnership with the nonprofit Operation HOPE, and all registrants will receive a free copy...
Multifamily Property Management Firm in $75K Settlement Over Violating Servicemembers’ Rights

Multifamily Property Management Firm in $75K Settlement Over Violating Servicemembers’ Rights

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

The U.S. Department of Justice (DOJ) has reached a settlement with Folsom, California-based FPI Management Inc., a multifamily property management firm, in which the company will pay $74,087 to resolve allegations that it violated the Servicemembers Civil Relief Act...
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