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National Apartment Association Pushes Back on Biden’s Remarks About Rental Housing

National Apartment Association Pushes Back on Biden’s Remarks About Rental Housing

by Phil Hall | Jun 3, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Apartment Association (NAA) has taken President Biden to task for his recent remarks regarding the state of rental housing. During his State of the Union speech in March, Biden boasted that his administration was working to lower rents that were being...
Jacksonville Housing Authority Deputy CFO Fired for Not Showing Up at Work

Jacksonville Housing Authority Deputy CFO Fired for Not Showing Up at Work

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

The deputy chief financial officer of Florida’s Jacksonville Housing Authority has been fired for not showing up to his job. Action News Jax reported Greg Williams was fired today, roughly one month after he was promoted from comptroller. Williams had been absent...
CoreLogic: 32.7 Million Homes Face Damage Risk in 2024 Atlantic Hurricane Season

CoreLogic: 32.7 Million Homes Face Damage Risk in 2024 Atlantic Hurricane Season

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

More than 32.7 million residential properties from Texas to Maine are at risk of moderate or severe damage sustained from hurricane-force winds during this year’s Atlantic Hurricane Season, according to the 2024 Hurricane Risk Report published by CoreLogic. The depth...
CFPB Launches Public Inquiry into Mortgage Closing ‘Junk Fees’

CFPB Launches Public Inquiry into Mortgage Closing ‘Junk Fees’

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

The Consumer Financial Protection Bureau (CFPB) has begun a public inquiry into mortgage closing costs, claiming that so-called “junk fees” are inflating these costs. The agency issued a request for information regarding which fees are subject to competition, how fees...
GOP Lawmakers Question Proposed Freddie Mac Expansion into Second Mortgages

GOP Lawmakers Question Proposed Freddie Mac Expansion into Second Mortgages

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

Sen. Tim Scott (R-SC), the ranking member of the Senate Banking Committee, led a coalition of the Committee’s Republican members and 23 members of the House Financial Services to express concern over the proposal to allow Freddie Mac (OTCBQ:FMCC) to purchase and...
Goldman Sachs Executive Beth M. Hammack to Lead Cleveland Fed

Goldman Sachs Executive Beth M. Hammack to Lead Cleveland Fed

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

The Federal Reserve Bank of Cleveland announced the appointment of Beth M. Hammack as its next president and CEO, effective Aug. 21. Hammack will succeed Loretta J. Mester, whose tenure ends on June 30, as per Federal Reserve mandatory age and length-of-service...
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