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Freddie Mac Expands Income Data Sourcing to Include Tax Transcripts

Freddie Mac Expands Income Data Sourcing to Include Tax Transcripts

by Phil Hall | Aug 3, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Freddie Mac (OTCQB: FMCC) has updated its automated income assessment tool to include tax transcripts as a new data source.  According to the government-sponsored enterprise, the enhancement will provide lenders with another tool to better automate income assessments...
Kofi Nartey Joins The Real Brokerage

Kofi Nartey Joins The Real Brokerage

by Phil Hall | Aug 3, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

The Real Brokerage Inc. (NASDAQ: REAX) has announced the hiring of Kofi Nartey as a national growth leader. Nartey is a former wide receiver with the Oakland Raiders who began his residential real estate career in 2002 and has gained recognition as one of the most...
Kensington Vanguard Acquires James P. Lazar PC

Kensington Vanguard Acquires James P. Lazar PC

by Phil Hall | Aug 3, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Kensington Vanguard National Land Services, a New York City-headquartered national title insurance and settlement agency, has acquired James P. Lazar PC, a Dallas-headquartered national commercial title insurance provider.  The financial terms of the transaction were...
Andrea Grigg Named Senior Managing Director for CBRE Hotels

Andrea Grigg Named Senior Managing Director for CBRE Hotels

by Phil Hall | Aug 3, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

CBRE (NYSE:CBRE) has hired Andrea Grigg as senior managing director and global head of hotels asset management for CBRE Hotels. Grigg will be based in Atlanta and is tasked with developing and leading the firm’s global hotel asset management and operator selection...
Guest Opinion: A Possible Plan to Increase the Housing Stock While Improving Affordability

Guest Opinion: A Possible Plan to Increase the Housing Stock While Improving Affordability

by Barbara G. Johnson | Aug 2, 2023 | Guest Opinion, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The housing supply has fallen to a historic low. Builders have not been able to keep pace with demand, resale stock is in short supply due to many social and economic factors, and the demand for housing from the millennial generation continues, with a younger...
CMBS Delinquency Rate Rises to 4.41%

CMBS Delinquency Rate Rises to 4.41%

by Phil Hall | Aug 2, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The U.S. commercial mortgage-backed securities (CMBS) delinquency rate jumped 51 basis points (bps) to 4.41% in July, according to new data from Trepp. “While the rest of the U.S. economy has seen relief in terms of higher equity prices, better-than-expected corporate...
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