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Citing Handwritten Will, Judge Awards Aretha Franklin’s Real Estate to Three Sons

Citing Handwritten Will, Judge Awards Aretha Franklin’s Real Estate to Three Sons

by Phil Hall | Nov 28, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The real estate holdings of the iconic singer Aretha Franklin have been awarded to her three of her sons based on the instructions of a handwritten will found between cushions of the late star’s couch. The Associated Press reported the judge overseeing Franklin’s...
CFPB Fines Bank of America $12 Million Over HMDA Violations

CFPB Fines Bank of America $12 Million Over HMDA Violations

by Phil Hall | Nov 28, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) has announced it is ordering Bank of America (NYSE:BAC) to pay a $12 million penalty for running afoul of the Home Mortgage Disclosure Act (HMDA) by submitting false mortgage lending information to the federal...
MBA Names Rachel Kelley as VP of Legislative Affairs

MBA Names Rachel Kelley as VP of Legislative Affairs

by Phil Hall | Nov 28, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Mortgage Bankers Association (MBA) has promoted Rachel Kelley to vice president of legislative affairs. In her new job, Kelley will be responsible for advocating on behalf of MBA’s legislative and policy priorities on Capitol Hill, with a primary focus on...
John L. Creswell Joins Trez Capital as Executive Managing Director

John L. Creswell Joins Trez Capital as Executive Managing Director

by Phil Hall | Nov 28, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Trez Capital, a nonbank commercial real estate investor and financier, has hired John L. Creswell as executive managing director and global head of capital raising. Creswell will be located in the company’s Chicago office and lead its Toronto-based capital raising...
LendSure Mortgage Debuts Profit & Loss Loan Program

LendSure Mortgage Debuts Profit & Loss Loan Program

by Phil Hall | Nov 28, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

LendSure Mortgage Corp., a San Diego-headquartered non-QM wholesale lender, announced the launch of their new Profit & Loss (P&L) Loan Program. According to the company, the P&L Loan Program is designed for business owners and self-employed investors with...
Survey: Most Americans Think a Housing Crash Could Happen Next Year

Survey: Most Americans Think a Housing Crash Could Happen Next Year

by Phil Hall | Nov 28, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A majority of Americans believe that a housing market crash could happen in 2024, and more than one-third of them want it to happen. According to a survey of 2,000 American adults by LendingTree (NASDAQ:TREE), 44% of respondents think the housing market is at risk of...
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