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RFK Stadium’s Fate Uncertain After Continuing Resolution is Pulled

RFK Stadium’s Fate Uncertain After Continuing Resolution is Pulled

by Phil Hall | Dec 19, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The future Robert F. Kennedy Memorial (RFK) Stadium in Washington, DC, was thrown into uncertainty when the congressional Continuing Resolution was abruptly pulled from consideration. WJLA.com reported the DC Robert F. Kennedy Memorial Stadium Campus Revitalization...
Report: Home Affordability Worsened in Q4

Report: Home Affordability Worsened in Q4

by Phil Hall | Dec 19, 2024 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new report from ATTOM has determined that median-priced single-family homes and condos remained less affordable in the fourth quarter compared to historical averages in 98% of counties (556 out of 566) with enough data to analyze. The counties with the largest...
Real Estate Developer Sentenced for Role in Chicago Bank Failure

Real Estate Developer Sentenced for Role in Chicago Bank Failure

by Phil Hall | Dec 19, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A Chicago-area real estate developer was sentenced to nearly 13 years in prison and ordered to pay more than $5.9 million in restitution for his role in a conspiracy that embezzled millions of dollars from the failed Washington Federal Bank for Savings in Chicago....
CFPB: Mortgage Servicers Preying on Divorced and Widowed Borrowers

CFPB: Mortgage Servicers Preying on Divorced and Widowed Borrowers

by Phil Hall | Dec 19, 2024 | Market Snapshot, Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) published a report this week detailing the negative experiences of homeowners faced with their mortgage company after divorce or the death of an original borrower. According to the CFPB, many homeowners claimed their...
Lafayette RE Management in $680,000 Settlement Over PPP Loan Fraud

Lafayette RE Management in $680,000 Settlement Over PPP Loan Fraud

by Phil Hall | Dec 19, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Lafayette RE Management LLC, a New York City-based asset manager focused on acquiring, developing, financing, and managing single-family homes, and company founder and majority owner Thibault Adrien have agreed to a $680,000 settlement to resolve allegations they...
DC Tax Firm Executive Pleads Guilty to Mortgage Fraud

DC Tax Firm Executive Pleads Guilty to Mortgage Fraud

by Phil Hall | Dec 19, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A Washington, DC-based CPA has pleaded guilty to making a false statement on a mortgage application and failing to file an income tax return. Timothy Trifilo was a managing director at an unnamed tax firm where he specialized in transaction structuring and advisory...
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