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CV3 Financial Services, a New Private Lender, Opens for Business

CV3 Financial Services, a New Private Lender, Opens for Business

by Phil Hall | Aug 31, 2023 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

William J. Tessar, the former president of CIVIC Financial Services, has announced the opening of the private lender CV3 Financial Services LLC. The new company will be headquartered in Los Angeles and will provide financing options including bridge, fix and flip...
Elon Musk Under Federal Probes for Allegedly Using Tesla Funds to Build a Glass House

Elon Musk Under Federal Probes for Allegedly Using Tesla Funds to Build a Glass House

by Phil Hall | Aug 31, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Elon Musk is reportedly under two separate federal investigations for using corporate funds from Tesla (NASDAQ:TSLA) on a secret project to build himself a glass house residence in Austin. The Wall Street Journal, sourcing its coverage from unnamed “people familiar...
Tracy Kasper Named NAR President, Ensures a ‘Welcoming, Safe and Respectful Workplace’

Tracy Kasper Named NAR President, Ensures a ‘Welcoming, Safe and Respectful Workplace’

by Phil Hall | Aug 30, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

In the wake of Monday’s resignation of Kenny Parcell as 2023 President of the National Association of Realtors following a New York Times article where he was accused of sexual harassment against NAR staff and members, the organization has announced President-elect...
Core Specialty Insurance Holdings Enters the Mortgage Reinsurance Market

Core Specialty Insurance Holdings Enters the Mortgage Reinsurance Market

by Phil Hall | Aug 30, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Cincinnati-headquartered Core Specialty Insurance Holdings Inc. is entering the mortgage reinsurance market. Core Specialty will provide excess of loss reinsurance on selected Freddie Mac and Fannie Mae mortgages. The company has also entered into an advisory...
Canada’s Eppich II House Listed for $12.8 Million

Canada’s Eppich II House Listed for $12.8 Million

by Phil Hall | Aug 30, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

One of the most architecturally distinctive residences in Canada has been listed for sale at $12.8 million. Eppich House II by the prominent Canadian architect Arthur Erickson was designed in 1979 and completed in 1988. The 1.18-acre West Vancouver property is notable...
Q2 Investor Home Purchases Down 45% from One Year Earlier

Q2 Investor Home Purchases Down 45% from One Year Earlier

by Phil Hall | Aug 30, 2023 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

Fewer investors are putting their money into residential real estate, according to new data from Redfin (NASDAQ:RDFN). During the second quarter, Redfin determined that investor home purchases were down 45% from one year ago – in comparison, overall home sales were...
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