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Maryland Resort Town Sues Feds Over Offshore Wind Project

Maryland Resort Town Sues Feds Over Offshore Wind Project

by Phil Hall | Oct 28, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The resort town of Ocean City, Maryland, is suing the federal Bureau of Ocean Energy Management (BOEM) regarding the US Wind offshore project. The US Wind project involves the construction of 114 offshore wind turbines 10.7 miles off of Ocean City’s coast – the...
Forecast: Mortgage Origination to Reach $2.3 Trillion in 2025

Forecast: Mortgage Origination to Reach $2.3 Trillion in 2025

by Phil Hall | Oct 28, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Total mortgage origination volume is expected to increase to $2.3 trillion in 2025 from the $1.79 trillion expected in 2024, according to a forecast from the Mortgage Bankers Association (MBA). In the new forecast, purchase originations will increase 13% to $1.46...
Wyndham Teams with Reside on Extended-Stay Hotels

Wyndham Teams with Reside on Extended-Stay Hotels

by Phil Hall | Oct 28, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The lodging franchisor Wyndham Hotels & Resorts has teamed with Reside, a residential hospitality management company, on a 10-year development relationship that brings five residence-style hotels that are open or under development to the Wyndham Residence brand...
Laura Escobar Sworn In as MBA’s 2025 Chairperson

Laura Escobar Sworn In as MBA’s 2025 Chairperson

by Phil Hall | Oct 28, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Mortgage Bankers Association (MBA) installed Laura Escobar, president of Lennar Mortgage, as its 2025 chairperson at a ceremony during the trade group’s 2024 Annual Convention & Expo. Escobar currently serves on several advisory boards and committees,...
Rosegate Mortgage Partners with Investment Firm on Origination Platform

Rosegate Mortgage Partners with Investment Firm on Origination Platform

by Phil Hall | Oct 28, 2024 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Rosegate Mortgage LLC, a Charlotte, North Carolina-based mortgage lender, has created a partnership with Rice Park Capital Management LP, a Minneapolis-based private investment firm, to launch a direct-to-consumer origination platform that will provide home financing...
FICO Rolls Out Tool to Simulate Credit Score Impacts

FICO Rolls Out Tool to Simulate Credit Score Impacts

by Phil Hall | Oct 28, 2024 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

FICO (NYSE: FICO) has released the FICO Score Mortgage Simulator as a new analytic tool for mortgage professionals. According to the Bozeman, Montana-headquartered company, the new tool simulates the potential impacts to a consumer’s FICO Score with various simulated...
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