Two Quebec Real Estate Brokers Suspended for Bogus Offer Scheme
Two Quebec real estate brokers had their licenses suspended for two months after being accused of encouraging friends and family members to submit phony bogus offers as part of a scheme to drive up home prices. CTV News reported the regulator for the province’s real...
Maverick Real Estate Partners Closes Seventh Flagship Fund
Maverick Real Estate Partners LLC (“Maverick”), a New York City-based investment manager focused on distressed debt secured by commercial real estate, has closed Maverick Lien Fund VII LP with commitments of $232.4 million from pension funds, endowments, foundations,...
Mortgage Rates Fall to 19-Month Low
Mortgage rates continued to decline in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.20% as of Sept. 12, down from last week when it averaged 6.35%. A year ago at this time, it averaged...
Demand for Second-Home Mortgages at 8-Year Low
Mortgage-rate locks for second homes plummeted by 13.1% year-over-year in August to the lowest level since March 2016 on a seasonally adjusted basis, according to new data by Redfin (NASDAQ: RDFN). In comparison, mortgage-rate locks for primary homes declined 5.2%....
Valet Living Promotes Matt Graves to President
Valet Living, the Tampa-headquartered residential amenities provider to the multifamily housing industry, has promoted Matt Graves to president. Graves has been the company’s chief operating officer since 2022 and will retain that title. He joined Valet Living in 2018...
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CMBS DELINQUENCY RATE DROPS BY FIVE BASIS POINTS. Learn more at https://wrenews.com/cmbs-delinquency-rate-drops-by-five-basis-points/
JEF CONN NAMED 2024 BOARD CHAIRMAN OF TEXAS REALTORS. Learn more at https://wrenews.com/jef-conn-named-2024-board-chairman-of-texas-realtors/
MBA’S BROEKSMIT EXPRESSES ‘SIGNIFICANT CONCERN’ OVER PAUSING FORECLOSURES ON VA-GUARANTEED LOANS. Learn more at https://wrenews.com/mbas-broeksmit-expresses-significant-concern-over-pausing-foreclosures-on-va-guaranteed-loans/
