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NY Attorney General Seeks to Void Trump’s $175 Million Bond in Valuation Fraud Case

NY Attorney General Seeks to Void Trump’s $175 Million Bond in Valuation Fraud Case

by Phil Hall | Apr 22, 2024 | Commercial Real Estate News, Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

New York Attorney General Letitia James is seeking to void the $175 million bond that former President Trump put forth in his civil fraud case relating to the valuation of his properties. The Hill reported that James’ office argued in court filings on Friday that that...
Biden Awards $7 Billion for Residential Solar Projects

Biden Awards $7 Billion for Residential Solar Projects

by Phil Hall | Apr 22, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

President Joe Biden is using today’s observance of Earth Day to announce $7 billion in new grants for residential solar projects in low- and middle-income communities. The Associated Press reported the grants will be awarded by the Environmental Protection Agency,...
Ginnie Mae President Alanna McCargo to Resign

Ginnie Mae President Alanna McCargo to Resign

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

The U.S. Department of Housing and Urban Development (HUD) announced that Alanna McCargo is resigning as president of the Government National Mortgage Association (Ginnie Mae), effective May 3. McCargo became Ginnie Mae’s 18th president and first female leader...
Community Associations Institute Seeks Exemptions from Corporate Transparency Act

Community Associations Institute Seeks Exemptions from Corporate Transparency Act

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

The Community Associations Institute (CAI) is calling on lawmakers to exempt homeowners’ associations, condominiums, and housing cooperatives from the beneficial ownership interest reporting requirements outlined in the Corporate Transparency Act. Enacted by...
Chicago’s Qamar Group Joins The Real Brokerage

Chicago’s Qamar Group Joins The Real Brokerage

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

The Real Brokerage Inc. (NASDAQ: REAX), announced the Chicago-headquartered Qamar Group has joined the company. Led by CEO Rafay Qamar and Chief Operating Officer Jana Pierce, the Qamar Group offers 36 agents who serve the Chicago metro area, along with markets across...
HUD Updates Multifamily Insurance Deductibles, Citing Wind and Storm Coverage Costs

HUD Updates Multifamily Insurance Deductibles, Citing Wind and Storm Coverage Costs

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

The U.S. Department of Housing and Urban Development (HUD) has updated its policies for wind and named storm insurance coverage required for multifamily properties financed with a Federal Housing Administration (FHA)-insured mortgage. According to HUD, the updates are...
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