U.S. Sen. Mike Lee (R-UT) has introduced the Federal Reserve Board Abolition Act, which would repeal the 1913 Federal Reserve Act while dissolving the Board of Governors of the Federal Reserve System and the Federal Reserve banks. “The Federal Reserve has...
The nonbank mortgage servicer Ocwen Financial Corporation has begun operating under its new brand name Onity Group Inc. The West Palm Beach, Florida-based company’s common stock will begin trading today on the New York Stock Exchange under the symbol “ONIT.” Onity’s...
Housing industry economists had mixed views of today’s data report from the U.S. Department of Labor that found the economy added more jobs than anticipated. During May, nonfarm payrolls expanded by 272,000, up from 165,000 in April and higher than a Dow Jones...
Residents of Edmonds, Washington, have been receiving hoax letters on the letterhead of the city government announcing their property is being seized to shelter illegal immigrants. The letters begin with this warning: “Upon the Biden administration’s suspending...
NNN Pro, the New York City-headquartered net lease investment sales and advisory firm, appointed Salvatore Troia as chief financial officer (CFO). Troia most recently served as CFO at Douglas Elliman Real Estate, a division of Douglas Elliman Inc (NYSE: DOUG). During...
Bear Real Estate Advisors, a Las Vegas-headquartered investment services firm, announced the promotion of Alexandria (“Alex”) Keser to managing director. Keser joined the company at its founding in 2018 as director of operations. She was previously held the same title...
Hits and Misses for the Real Estate Week of March 23-27
