Waterfront Toronto has released a Request for Qualifications (RFQ) for a development partner to build the first residential buildings in a planned complete, mixed-income waterfront community on Ookwemin Minising, a 98-acre artificial island in Toronto’s Port...
A California real estate investor was arrested for defrauding a bank out of nearly $100 million by falsifying title policies to inflate the value of his pledged collateral. According to an affidavit filed with the complaint, Mahender Makhijani controls Cantor Group V...
Kansas City Mayor Quinton Lucas is proposing legislation that would dedicate up to $235 million in special obligation bonds to expand the two-year-old CPKC Stadium and the surrounding Berkley Riverfront area. The stadium opened in 2024 and is home to the Kansas City...
Miami-headquartered Core AI Holdings, Inc. (NASDAQ: CHAI) is now offering HomeGPT, an artificial intelligence (AI) powered home design and renovation application. According to the company, HomeGPT is designed for homeowners, interior designers, real estate agents and...
Mortgage rates ticked up in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.52% as of June 11, up from last week when it averaged 6.48%. A year ago at this time, it averaged 6.84%. The...
Ginnie Mae announced that it issued $54.9 billion in total mortgage-backed securities (MBS) during May, resulting in net portfolio growth of $20 billion. Last month’s issuance included $52.9 billion in Ginnie Mae II MBS and $1.9 billion in Ginnie Mae I MBS, including...
Hits and Misses for the Real Estate Week of June 22-26
