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FTC to Refund $12 Million to Consumers in House Flipping Scheme

FTC to Refund $12 Million to Consumers in House Flipping Scheme

by Phil Hall | Aug 1, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Federal Trade Commission (FTC) announced it will distribute over $12 million in refunds to more than 25,000 consumers who paid Zurixx LLC for a dubious house flipping investment training program. The FTC and the Utah Department of Commerce Division of Consumer...
Federal Reserve Holds Rates Again

Federal Reserve Holds Rates Again

by Phil Hall | Jul 31, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Federal Reserve opted to keep the federal funds rate at the 5.25% to 5.5% level. In a unanimous vote, the central bank’s policy making Federal Open Market Committee declared the “economic outlook is uncertain,” adding that it remained “attentive to the risks to...
Trump Offers Solution to Homeownership Affordability Challenges: ‘Vote for Trump’

Trump Offers Solution to Homeownership Affordability Challenges: ‘Vote for Trump’

by Phil Hall | Jul 31, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Former President Donald Trump made a rare acknowledgment of the challenges to homeownership affordability but offered no specific strategies to addressing the matter except to seek voter support. In an interview on Fox News’ “The Ingraham Angle,” host Laura Ingraham...
Leonardo Ramos Named VP/CRA Officer at Provident Bank

Leonardo Ramos Named VP/CRA Officer at Provident Bank

by Phil Hall | Jul 31, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Provident Bank, the Jersey City, New Jersey-based subsidiary of Provident Financial Services Inc. (NYSE:PFS), announced the appointment of Leonardo Ramos as vice president and Community Reinvestment Act (CRA) officer. In his new job, Ramos will be in charge of the...
United Real Estate Merges with Dallas-Based Brokerage

United Real Estate Merges with Dallas-Based Brokerage

by Phil Hall | Jul 30, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

United Real Estate announced the merger of its Dallas-based division with REAL Dallas Properties & Management, a union that will add 70 agents to United’s Dallas operations and expanding its North Texas presence to more than 800 agents. According to the...
MBA: Home Equity Lending Volume Remains Relatively Flat

MBA: Home Equity Lending Volume Remains Relatively Flat

by Phil Hall | Jul 30, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The total origination volume for open-ended home equity lines of credit (HELOCs) and closed-end home equity loans in 2023 were up 1.5% year-over-year while debt outstandings increased 8.3%, according to the Mortgage Bankers Association’s (MBA) 2024 Home Equity Lending...
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