Ginnie Mae issued $53.1 billion in total mortgage-backed securities (MBS) during July, resulting in net portfolio growth of $20.5 billion. Last month’s issuance grew the agency’s MBS portfolio outstanding grew to $2.99 trillion. In addition, Ginnie Mae facilitated the...
Indiana Colts cornerback Sauce Gardner is suing a Michigan construction company for allegedly defrauding him in a Detroit real estate investment. TMZ reports the NFL star was advised by Nicholas Sanborn of Sanborn Construction on the acquisition of a 102-year-old...
Joshua Schuster, a former New York City real estate developer, was sentenced to four years in prison for his role in a scheme to defraud investors in large real estate development projects. According to the charges brought against him, between 2018 and 2022 Schuster...
Equiton, a real estate investment firm based in Burlington, Ontario, has launched its US Apartment Fund (Equiton US Residential Income Fund Trust). The fund is Equiton’s fifth open-ended private real estate fund and its first focused on the United States....
A New York City accountant was indicted on wire fraud and bankruptcy fraud charges in connection with multiple real estate investment fraud schemes. According to court documents, Alberto Gomez is an accountant in the Elmhurst section of Queens. Gomez conducted schemes...
Toronto-headquartered GO Residential Real Estate Investment Trust (TSX: GO.U) announced its acquisition of 27 properties from H&R Real Estate Investment Trust (TSX: HR.UN) valued at approximately $2.8 billion. The transaction is designed to expand GO’s residential...
Seattle Bans Rental Housing Junk Fees
