New Jersey Father and Son Indicted in House Flipping Investor Scam
New Jersey Attorney General Matthew J. Platkin announced the indictment of a father and son who allegedly defrauded investors and mortgage lenders of more than $2.5 million in a scam involving Jersey Shore real estate. George Bussanich Sr., 65, and his 43-year-old son...
Q3 Investor Home Purchases at 7-Year Low
Investor purchases of residential properties plummeted by 29.7% year-over-year during the third quarter, according to new data from Redfin (NASDAQ:RDFN). Investors purchased 48,667 homes between July and September, or 15.9% of all homes sold during that period, the...
1031 Crowdfunding Launches REIT Aimed at Senior Housing
1031 Crowdfunding, a real estate investing platform headquartered in Irvine, California, has launched its first real estate investment trust offering with Covenant Senior Housing REIT Inc. (CSHREIT). According to the company, CSHREIT is classified as a non-listed,...
Simplify Asset Management Debuts ETF Investing in New Mortgage-Backed Securities
Simplify Asset Management, a New York City-headquartered provider of exchange-traded funds (ETFs), has launched the Simplify MBS ETF (MTBA) fund. MTBA invests in mortgage-backed securities (MBS) issued in 2023. MTBA will initially invest in the Federal National...
Sherman Bridge Debuts Marketplace Connecting Lenders and Real Estate Investors
Sherman Bridge, a private money lender for investors purchasing distressed single-family residential real estate, has launched an online marketplace designed to connect lenders with real estate investors. According to the company, the marketplace will bring together...
;
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/
