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Treasury Secretary Bessent Buys DC Mansion for $12.5 Million

Treasury Secretary Bessent Buys DC Mansion for $12.5 Million

by Phil Hall | Feb 3, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The newly sworn-in Treasury Secretary Scott Bessent is making himself as home in Washington, DC, at a historic mansion that he acquired for $12.5 million. According to a Wall Street Journal report sourced from unnamed “people familiar with the deal,” the property in...
Ex-Senior Advisor to Federal Reserve Arrested for Passing Trade Secrets to China

Ex-Senior Advisor to Federal Reserve Arrested for Passing Trade Secrets to China

by Phil Hall | Feb 3, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A former senior advisor for the Federal Reserve Board of Governors was arrested and indicted on charges that he conspired to steal Federal Reserve trade secrets on behalf of the Chinese government. John Harold Rogers was accused of making false statements to the...
Daniel Figurski Names Chief Appraiser at SingleSource Property Solutions

Daniel Figurski Names Chief Appraiser at SingleSource Property Solutions

by Phil Hall | Feb 3, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

SingleSource Property Solutions, a Canonsburg, Pennsylvania-based provider of residential property services, has hired Daniel Figurski as chief appraiser. In his new job, Figurski will be tasked with expanding the company’s valuation services to help home lenders,...
Trump Fires CFPB Director Rohit Chopra

Trump Fires CFPB Director Rohit Chopra

by Phil Hall | Feb 1, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

President Trump has fired Rohit Chopra from his position as director of the Consumer Financial Protection Bureau. Chopra, a political ally of Sen. Elizabeth Warren, was appointed to run the CFPB by President Biden in 2021. But unlike other Biden appointees, he opted...
Hits and Misses for the Real Estate Week of Jan. 27-31

Hits and Misses for the Real Estate Week of Jan. 27-31

by Phil Hall | Jan 31, 2025 | Hits and Misses, Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The unclear future for the CFPB, a Vermont housing shortage and a halt to San Diego housing vouchers. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Jan. 27-31. Miss: A Job Nobody Wants? If you are wondering about the...
Alanna McCargo Steps Down as FHLBank San Francisco

Alanna McCargo Steps Down as FHLBank San Francisco

by Phil Hall | Jan 31, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) announced President and CEO Alanna McCargo is stepping down, effective immediately. McCargo will transition into a new role as special policy advisor, working directly with the chairman of the board...
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