The U.S. Department of Justice (DOJ) announced that Indian Land, South Carolina-based Movement Mortgage LLC will pay $23.75 million to resolve allegations that it violated the False Claims Act when it failed to comply with material program requirements during its...
A quartet of proactive federal agencies, a mayor who took criticism the wrong way and a tree-hating neighbor from hell. Looking into the wild and wooly world of real estate, here are our Hits and Misses for this week. Hit: Thank You for Being a Friend. Most federal...
A Nantucket compound sold for $38.1 million, creating the largest residential real estate sale in Massachusetts history. According to the Wall Street Journal, the sellers are venture capitalist Evan Jones and his wife, wildlife photographer Cindy Jones, who acquired...
The commercial mortgage-backed securities (CMBS) delinquency rate rose 28 basis points to 3.90% in June, according to new data from Trepp Inc. This new increase follows last month’s uptick in delinquencies to its highest rate in 14 months. The overall CMBS delinquency...
The typical U.S. home is selling this month for roughly $383,000, according to new data from Redfin (NASDAQ:RDFN). This is roughly less than $4,000, or -1%, than the all-time high set in June 2022. Redfin also noted the current sales price average is the smallest...
The Bay Area Housing Finance Authority (BAHFA) has introduced the Doorway Housing Portal as a new platform for locating affordable housing in California’s Bay Area. According to BAHFA, the Doorway Housing Portal will centralize housing listings across the region and...
Hits and Misses for the Real Estate Week of Aug. 24-28
