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FHLBank Chicago Increases Funding for Housing Counseling Resource Program

FHLBank Chicago Increases Funding for Housing Counseling Resource Program

by Phil Hall | Aug 27, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Federal Home Loan Bank of Chicago (FHLBank Chicago) announced a $1.5 million increase for its Community First Housing Counseling Resource Program (HCRP) for the current program year. FHLBank Chicago launched the HCRP in 2022 to provide grants to HUD-certified...
Aurumys Expands Brokerage into Kansas City Market

Aurumys Expands Brokerage into Kansas City Market

by Phil Hall | Aug 27, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Phoenix-headquartered investment real estate brokerage Aurumys has opened its seventh office in its seventh state in Kansas City, Missouri. According to the new company, the new office will cover the entire metro territory across the Missouri and Kansas state...
Square Financial Services Launches Grant Initiative for Utah Community Development

Square Financial Services Launches Grant Initiative for Utah Community Development

by Phil Hall | Aug 27, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Square Financial Services, a Utah state-chartered industrial bank and an independently governed subsidiary of the fintech Block Inc. (NYSE: SQ), is now accepting applications for the 24 Squared grant initiative in partnership with the Community Foundation of Utah. The...
Sen. Elizabeth Warren Demands 75-Basis-Point Rate Cut from the Fed

Sen. Elizabeth Warren Demands 75-Basis-Point Rate Cut from the Fed

by Phil Hall | Aug 26, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

In the wake of Federal Reserve Chairman Jerome Powell’s announcement that the central bank was ready to begin cutting interest rates, Sen. Elizabeth Warren (D-MA) is demanding a 75-basis-point slash. In a speech on Friday, Powell declared, “The time has come for...
David M. Gillece, Baltimore-Area Development Director and Real Estate Executive, Dies at 74

David M. Gillece, Baltimore-Area Development Director and Real Estate Executive, Dies at 74

by Phil Hall | Aug 26, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

David M. Gillece, a Baltimore-area real estate professional who achieved leadership positions in city development before becoming president of Colliers Pinkard, passed away on Aug. 17 at the age of 74 from Parkinson’s disease. According to a Baltimore Sun obituary,...
Feds Sue Software Firm RealPage, Alleging Collusion with Landlords on Rent Hikes

Feds Sue Software Firm RealPage, Alleging Collusion with Landlords on Rent Hikes

by Phil Hall | Aug 23, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The U.S. Department of Justice (DOJ) has filed a civil antitrust lawsuit today against RealPage Inc., the Richardson, Texas-based property management software company, claiming it masterminded an “unlawful scheme to decrease competition among landlords in apartment...
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