A Brooklyn woman who ran a real estate Ponzi scheme that stole $959,000 from nine victim received a prison sentence of three-and-a-half to seven years. Regine Norman, also known as Regine Ellis, falsely promoted herself as a member of NY Private Auction Inc., which...
The latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC) showed rates in a slight decline from one week earlier. The 30-year fixed-rate mortgage averaged 6.79% as of March 28, down from last week when it averaged 6.87%. A year ago at this time,...
The City Council of North Las Vegas, Nevada, has approved plans for a $52.95 million buyback of 135 acres of land that was sold two years ago for a medical property development. According to a report in the Las Vegas Review-Journal, the property was acquired by...
Florida Gov. Ron DeSantis has signed a bill to enable the immediate eviction of squatters by law enforcement. According to an NBC Miami report, HB 621 creates strict criminal penalties for squatters offering false documents purporting to affirm tenant rights....
The National Association of Realtors (NAR) and the Mortgage Bankers Association (MBA) sent a letter to the Federal Housing Finance Agency, Federal Housing Administration, Fannie Mae, and Freddie Mac requesting confirmation that homebuyers can continue to access...
Pending home sales during February were up by 1.6% from January, according to the National Association of Realtors (NAR). On a year-over-year basis, pending sales were down by 7%. NAR’s Pending Home Sales Index (PHSI) increased to 75.6 in February; an index of 100 is...
Hits and Misses for the Real Estate Week of June 15-19
