Tim Birkmeier announced his retirement as president of Rocket Mortgage, a division of Detroit-based Rocket Companies (NYSE:RKT). Birkmeier made his announcement on his LinkedIn page – the company did not issue a press statement on the retirement, nor has there been an...
The U.S. Department of Housing and Urban Development (HUD) has announced a publicity campaign designed to trumpet what it describes as the “key milestones and accomplishments since the beginning of the Biden-Harris administration as well as priorities for 2024.” The...
Rep. Alexandria Ocasio-Cortez (D-NY) and Sen. Bernie Sanders (I-VT) announced the relaunch of the “Green New Deal for Public Housing.” Among the provisions of the proposed legislation is the repeal the Faircloth Amendment, a rule that prohibits the U.S. Department of...
The editorial board of the Wall Street Journal accused the real estate profession of working against the best interests of their clients with “a rigged game that pads their pockets at the expense of consumers.” In an editorial titled “The Realtors Stage a $418 Million...
Enterprise Community Development Inc. (ECD), a nonprofit owner and developer of affordable homes in the Mid-Atlantic and an affiliate of Enterprise Community Partners, announced that Janine Lind will become its new president starting April 29. Lind will be based out...
For the fifth consecutive month, the Federal Reserve opted to hold interest rates in place. The central bank’s policy making Federal Open Market Committee voted unanimously to keep its benchmark overnight borrowing rate in a range between 5.25% and 5.5%, which is...
Hits and Misses for the Real Estate Week of Aug. 10-14
