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Farm Sector Debt Linked to Real Estate Set to Reach New High

Farm Sector Debt Linked to Real Estate Set to Reach New High

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

Farm sector debt tied to real estate is expected to be at a record high of $375.9 billion this year, according to data from the U.S. Department of Agriculture’s (USDA) Economic Research Service. The new data report noted that farm sector real estate debt has on the...
MBA Education To Debut Residential Educator of the Year Award

MBA Education To Debut Residential Educator of the Year Award

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

MBA Education, the education division of the Mortgage Bankers Association (MBA), announced it would introduce the Residential Educator of the Year Award at its 2023 Annual Convention and Expo, which will be held October 15-18 in Philadelphia. “The Residential Educator...
27 States Ask Biden and FHFA to Scrap Mortgage Fee Increases

27 States Ask Biden and FHFA to Scrap Mortgage Fee Increases

by Phil Hall | May 1, 2023 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A coalition of fiscal officers from 27 state governments called President Joe Biden and Federal Housing Finance Agency (FHFA) Director Sandra L. Thompson to jettison the new mortgage fee increases that went into effect today. In a letter to Biden and Thompson, the...
CFPB Seeks New Protections for PACE Loan Borrowers

CFPB Seeks New Protections for PACE Loan Borrowers

by Phil Hall | May 1, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) has proposed a rule to implement a Congressional mandate to establish consumer protections for residential Property Assessed Clean Energy (PACE) loans. According to the CFPB, the proposed rule would require lenders to...
Brady Yeager Named National Sales Director at Movement Mortgage

Brady Yeager Named National Sales Director at Movement Mortgage

by Phil Hall | May 1, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Inland, South Carolina-based Movement Mortgage has recruited Brady as national sales director. According to a statement from the company, Yeager “will lead the expansion for Movement across the country” by growing the company’s sales team. Yeager was previously...
Charlie Munger Warns Banks: ‘A Lot of Real Estate Isn’t So Good Anymore’

Charlie Munger Warns Banks: ‘A Lot of Real Estate Isn’t So Good Anymore’

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

Berkshire Hathaway Vice Chairman Charlie Munger is raising multiple red flags over the state of U.S. banking, warning that financial institutions are “full of” what he said claimed are “bad loans” from the commercial real estate sector. In an interview this weekend...
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