The U.S. Department of Housing and Urban Development (HUD) announced a settlement with Toms River, New Jersey-based OceanFirst Bank that resolves charges of redlining in the New Brunswick, New Jersey area. HUD investigated the charges in a probe conducted alongside...
Rep. Alexandria Ocasio-Cortez (D-NY) is calling for the creation of a new federal entity to build “social housing” and then sell those properties agencies and organizations that would manage them in “permanent affordability.” Ocasio-Cortez, in a New York...
The Federal Reserve announced a rate cut for the first time in nearly four years. The central bank’s Federal Open Market Committee enacted a 50 basis point reduction on its benchmark federal funds rate, which stood at a 23-year high of 5.25% to 5.5% range for the past...
An attorney who operated a Georgia-based real estate law firm pleaded guilty to fraudulently obtaining nearly $300,000 in Economic Injury Disaster Loans (EIDL) during the Covid-19 pandemic and to using his attorney escrow account to launder more than $250,000 from...
Global Real Estate Advisors (GREA), a real estate advisory firm specializing in multifamily acquisitions and dispositions, announced the appointment of Tiffany Wright as its new CEO. Wright is chief operations officer at HFO Investment Real Estate, a Pacific...
Fathom Realty, a wholly owned subsidiary of Fathom Holdings Inc. (NASDAQ: FTHM), announced that it has reached a nationwide settlement related to claims asserted in Burnett v. The National Association of Realtors., et al. As part of the settlement, Fathom Realty will...
Hits and Misses for the Real Estate Week of June 22-26
