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UBS in $1.4 Billion Settlement Over RMBS Fraud Charges

UBS in $1.4 Billion Settlement Over RMBS Fraud Charges

by Phil Hall | Aug 14, 2023 | Mortgage Information, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

UBS AG (NYSE:UBS) and several of its U.S.-based affiliates agreed to a $1.4 billion settlement to resolve a civil action filed in November 2018 related to the Swiss-headquartered bank’s underwriting and issuance of residential mortgage-backed securities (RMBS) issued...
SBA Offering First Disaster Loans Under Rural Communities Act

SBA Offering First Disaster Loans Under Rural Communities Act

by Phil Hall | Aug 14, 2023 | Commercial Real Estate News, Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The U.S. Small Business Administration (SBA) announced the agency’s first disaster declarations leveraging the Rural Communities Act, which will enable businesses and residents affected by recent disasters in Alabama, Nevada, and California to become eligible for...
University president to step down following student housing shortage

University president to step down following student housing shortage

by Phil Hall | Aug 14, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

The president of a Nashville-based university has agreed to step down following a controversy surrounding her school’s lack of adequate student housing. According to coverage from combined media sources, Tennessee State University President Glenda Glover announced she...
A Phil Hall Op-Ed: Biden’s ‘No Comment’ on the Maui Death Toll

A Phil Hall Op-Ed: Biden’s ‘No Comment’ on the Maui Death Toll

by Phil Hall | Aug 14, 2023 | A Phil Hall Op-Ed, News/Current Events, Real Estate News, WRE News Exclusive

Over the weekend, most Americans have been talking to each other about the devastation created by the wildfires on the Hawaiian island of Maui. Joe Biden was not one of them. I would like to share this tweet that posted yesterday on X (the site formerly known as...
WalletHub’s Best State To Live In Is…

WalletHub’s Best State To Live In Is…

by Phil Hall | Aug 14, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The number crunchers at the personal finance website WalletHub have come up with another survey, this time ranking which states have the best and worst livability aspects. For WalletHub’s 2023’s Best States to Live In, the company compared the 50 states across 51 key...
San Francisco Commercial Property Owners Overwhelm City With Assessment Cut Requests

San Francisco Commercial Property Owners Overwhelm City With Assessment Cut Requests

by Phil Hall | Aug 14, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

San Francisco’s commercial real estate owners have been aggressively lobbying to lower their property assessments and tax payments in the wake of the troubled city’s declining real estate prices. According to a Bloomberg report, Brookfield Corp. and Blackstone Inc....
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