A California real estate investor was arrested for defrauding a bank out of nearly $100 million by falsifying title policies to inflate the value of his pledged collateral. According to an affidavit filed with the complaint, Mahender Makhijani controls Cantor Group V...
Kansas City Mayor Quinton Lucas is proposing legislation that would dedicate up to $235 million in special obligation bonds to expand the two-year-old CPKC Stadium and the surrounding Berkley Riverfront area. The stadium opened in 2024 and is home to the Kansas City...
Miami-headquartered Core AI Holdings, Inc. (NASDAQ: CHAI) is now offering HomeGPT, an artificial intelligence (AI) powered home design and renovation application. According to the company, HomeGPT is designed for homeowners, interior designers, real estate agents and...
Ginnie Mae announced that it issued $54.9 billion in total mortgage-backed securities (MBS) during May, resulting in net portfolio growth of $20 billion. Last month’s issuance included $52.9 billion in Ginnie Mae II MBS and $1.9 billion in Ginnie Mae I MBS, including...
The Council of Multiple Listing Services (CMLS), an association of 231 multiple listing services serving over 1.8 million combined subscribers, announced the appointment of Jessica Edgerton as its next CEO, effective July 1. Edgerton is currently chief legal officer...
A total of 40,355 residential properties had foreclosure filings— default notices, scheduled auctions or bank repossessions — during May, down 5% from April but up 14% from May 2025. According to data from ATTOM, lenders initiated the foreclosure process on 27,304...
Hits and Misses for the Real Estate Week of Aug. 10-14
