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Miami Real Estate Agent Sentenced for Covid Relief Fund Fraud

Miami Real Estate Agent Sentenced for Covid Relief Fund Fraud

by Phil Hall | Aug 18, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

A Miami real estate agent was sentenced to three-and-a-half years in prison for fraudulently obtaining Covid-19 relief loans and grants under the Paycheck Protection Program (PPP) and the Economic Injury Disaster Relief Program. Daniela Rendon was accused of...
David Zackowitz to lead real estate investments at Greenbacker Capital Management

David Zackowitz to lead real estate investments at Greenbacker Capital Management

by Phil Hall | Aug 18, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Greenbacker Capital Management (GCM), a New York City-based renewable energy asset manager, has hired David Zackowitz as head of real estate investments. In his new role, Zackowitz will lead GCM’s fourth sustainability driven investment strategy, focused on acquiring...
RE/MAX: July Home Sales Down 14.7% From June

RE/MAX: July Home Sales Down 14.7% From June

by Phil Hall | Aug 18, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home sales in July were down by 14.7% from June and down by 16.1% compared to one year earlier, according to new data from RE/MAX (NASDAQ:RMAX). This marked the first time since April that month-over-month sales recorded a decline. “The market is playing out...
Bobby Flay Cooks Up $3.3 Million Listing for Saratoga Springs Vacation Home

Bobby Flay Cooks Up $3.3 Million Listing for Saratoga Springs Vacation Home

by Phil Hall | Aug 18, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Celebrity chef Bobby Flay has listed his vacation home in the horse racing mecca of Saratoga Springs, New York, for $3.295 million. The 0.21-acre property features a 3,087-square-foot Tudor-style residence with four bedrooms, three-and-a-half bathrooms and (of course)...
MBA: Independent Mortgage Banks Record Lower Production Losses in Q2

MBA: Independent Mortgage Banks Record Lower Production Losses in Q2

by Phil Hall | Aug 18, 2023 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $534 on each loan they originated in the second quarter, according to data from the Mortgage Bankers Association (MBA). The second quarter results marked an...
Christy Soukhamneut Named Chief Lending Officer at UFCU

Christy Soukhamneut Named Chief Lending Officer at UFCU

by Phil Hall | Aug 18, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

UFCU, the Austin-based credit union with $4.676 billion in total assets, has hired Christy Soukhamneut as chief lending officer. In her new role, she will be responsible for overseeing the consumer lending organization, which includes mortgage and direct auto lending,...
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