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CFPB Enacts $25M Penalty Against ACI Worldwide for Servicing Errors

CFPB Enacts $25M Penalty Against ACI Worldwide for Servicing Errors

by Phil Hall | Jun 27, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) issued an order against Elkhorn, Nebraska-headquartered ACI Worldwide (NASDAQ:ACIW) and its subsidiary ACI Payments for improperly initiating approximately $2.3 billion in unlawful mortgage payment transactions....
Geneva Financial Debuts Portfolio Lending Division

Geneva Financial Debuts Portfolio Lending Division

by Phil Hall | Jun 27, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Geneva Financial, a Chandler, Arizona-based direct mortgage lender operating in 47 states, has launched an in-house portfolio lending division. Starting with $55 million in managed funds, the new division will be a financing partner for Geneva Financial loan officers...
Pedestrian Power? Realtors Survey Finds Most Americans Prefer Walkable Communities

Pedestrian Power? Realtors Survey Finds Most Americans Prefer Walkable Communities

by Phil Hall | Jun 27, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

While the notion of Americans being auto obsessed has been a stereotype for decades, a new survey from the National Association of Realtors (NAR) found most Americans prefer living in walkable communities. NAR’s 2023 Community & Transportation Preferences Survey...
‘Wolf of Airbnb’ Offers Guilty Plea for Wire Fraud

‘Wolf of Airbnb’ Offers Guilty Plea for Wire Fraud

by Phil Hall | Jun 26, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Konrad Bicher, the self-proclaimed “Wolf of Airbnb,” pled guilty to wire fraud in connection with a three-year scheme for fraudulently using Manhattan apartments as short-term rentals. Starting in early 2019, Bicher and his collaborators began to rent Manhattan...
Lance Brown Steps Down as CFO at Harbor Custom Development

Lance Brown Steps Down as CFO at Harbor Custom Development

by Phil Hall | Jun 26, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Harbor Custom Development,Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ), a Tacoma, Washington-based real estate company involved in all aspects of the land development cycle, announced Lance Brown is stepping down as chief financial officer (CFO), effective July 21. In a...
National Association of Realtors Begins National Search for New CEO

National Association of Realtors Begins National Search for New CEO

by Phil Hall | Jun 26, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Association of Realtors (NAR) has launched a nationwide search to replace CEO Bob Goldberg, who is retiring at the end of 2024. The organization has tapped national talent firm Career Management Partners (CMP) in the search for Goldberg’s replacement,...
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