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CFPB Proposes $3.95 Million Fine Against Freedom Mortgage Corporation

CFPB Proposes $3.95 Million Fine Against Freedom Mortgage Corporation

by Phil Hall | Jun 19, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) announced it has filed a proposed order that would enact a $3.95 million fine against Freedom Mortgage Corporation for submitting “error-riddled mortgage loan data” to federal regulators. The proposed order would also...
The Best and Worst US Cities Are…

The Best and Worst US Cities Are…

by Phil Hall | Jun 19, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

WalletHub has issued its 2024 listing of the nation’s best- and worst-run cities, with a somewhat under-the-radar city ranking highest and a very prominent metropolis occupying the bottom ranking. For its list, WalletHub compared 148 of the most populated cities...
Peak Roofing Partners Acquires Action Roofing

Peak Roofing Partners Acquires Action Roofing

by Phil Hall | Jun 19, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Peak Roofing Partners, a portfolio company of the private equity firm Exuma Capital Partners, has acquired Action Roofing, a South Florida-based roofing company. The financial aspects of the deal were not disclosed. Action Roofing was founded in 1986 and provides...
La Rosa Holdings Plans to Acquire Controlling Interest in Red Door Title

La Rosa Holdings Plans to Acquire Controlling Interest in Red Door Title

by Phil Hall | Jun 18, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

La Rosa Holdings Corp. (NASDAQ: LRHC) announced it has entered into a non-binding Letter of Intent to acquire a controlling interest in Nona Title Agency, which operates under the name Red Door Title. Headquartered in Orlando, Red Door Title is a full-service escrow...
Real Estate Investor Pleads Guilty to $54.7M in Mortgage Fraud Scams

Real Estate Investor Pleads Guilty to $54.7M in Mortgage Fraud Scams

by Phil Hall | Jun 18, 2024 | Commercial Real Estate News, Industry Updates, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

A New Jersey-based real estate investor pleaded guilty for his role in a multi-year conspiracy to fraudulently obtain over $54.7 million in loans and to fraudulently acquire multifamily and commercial properties. Aron Puretz was an employee of Apex Equity Group, a...
Realtor.com Targets Buyer’s Agent Campaign at Underserved Communities

Realtor.com Targets Buyer’s Agent Campaign at Underserved Communities

by Phil Hall | Jun 18, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Realtor.com is expanding its buyer representation marketing campaign with a new initiative designed to promote the benefits of buyer’s agents to members of historically underserved and underrepresented communities. According to a press statement from...
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