The Financial Crimes Unit of Texas’ Midland Police Department made its first arrest after investigating a series of fraudulent real estate sales. The suspect, 50-year-old Courtney Lister, was arrested on April 13. At the time of his apprehension, he possessed and...
Invesco Mortgage Capital Inc. (NYSE: IVR), an Atlanta-headquartered real estate investment trust focused on mortgage-backed securities and other mortgage-related assets, announced that President Kevin Collins will assume the role of CEO, effective May 1. Collins will...
Tyler Bossetti, an influencer based in Columbus, Ohio, who used his social media prominence to highlight his property flipping business, was sentenced to 72 months in prison for coordinating a $20 million real estate Ponzi scheme and committing tax fraud to further...
Ginnie Mae announced that its mortgage-backed securities (MBS) portfolio outstanding grew to $2.91 trillion as of March. Ginnie Mae issued $46.1 billion in total MBS last month, resulting in net portfolio growth of $4.16 billion. The issuance included $44.5 billion in...
The Bascom Group LLC, an Irvine, California-based private equity firm, announced its $103 million acquisition of The Ellison, a 294-unit apartment community located in the Summerlin/Spring Valley submarket of Las Vegas. Completed in 2024, The Ellison is a five-story...
Daniel Loeb, the billionaire activist investor founder and CEO of the alternative asset management firm Third Point LLC, has withdrawn his threat of a proxy fight to force a change of leadership at CoStar Group (NASDAQ: CSGP). According to a Reuters report citing...
