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Frank T. Pallotta Joins Mortgage Policy Advisors as a Principal Advisor

Frank T. Pallotta Joins Mortgage Policy Advisors as a Principal Advisor

by Phil Hall | Apr 12, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Longtime mortgage banking executive and two-time candidate for Congress Frank T. Pallotta has been named a principal advisor at Mortgage Policy Advisors LLC (MPA), a Washington, D.C.-based strategic advisory firm. Pallotta was a founding force behind three mortgage...
HUD and Indianapolis Take Over Local Housing Agency

HUD and Indianapolis Take Over Local Housing Agency

by Phil Hall | Apr 12, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The U.S. Department of Housing and Urban Development (HUD) and the City of Indianapolis signed an agreement to take possession over the Indianapolis Housing Agency (IHA). HUD and the city government said this action was designed to “restore public confidence” in the...
Stewart Acquires All New York Title Agency

Stewart Acquires All New York Title Agency

by Phil Hall | Apr 11, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Stewart Information Services Corporation (NYSE:STC) announced its acquisition of the All New York Title Agency Inc. Founded in 1995 and headquartered in White Plains, New York, All New York serves affordable housing, supportive housing and senior housing clients...
Guest Opinion: The New York Fed Chief’s View of the Economy

Guest Opinion: The New York Fed Chief’s View of the Economy

by John C. Williams | Apr 11, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

John C. Williams is the president and CEO of the Federal Reserve Bank of New York. This article is adapted and edited from a presentation given at the Federal Home Loan Bank of New York 2024 Member Symposium in New York City. How many of you witnessed the solar...
Residential Sales Begin on Manhattan’s New 1,000-Foot Mixed-Used Tower

Residential Sales Begin on Manhattan’s New 1,000-Foot Mixed-Used Tower

by Phil Hall | Apr 10, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The real estate investment and development firm Rabina has begun residential sales for its forthcoming 1,000-foot mixed-use tower at 520 Fifth Ave. in Midtown Manhattan. The new property will be the tallest residential tower on Fifth Avenue, featuring 100 one- to...
FTC Sends $62 Million in Refunds to Home Sellers Cheated by Opendoor Labs

FTC Sends $62 Million in Refunds to Home Sellers Cheated by Opendoor Labs

by Phil Hall | Apr 10, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Federal Trade Commission (FTC) has begun distributing nearly $62 million in refunds to home sellers who fell victim to the fraudulent marketing claims made by online real estate business Opendoor Labs Inc. According to an August 2022 complaint filed by the FTC,...
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