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FICO Chief Pushes Back at Pulte Criticism Over Pricing and ‘Monopoly’ Status

FICO Chief Pushes Back at Pulte Criticism Over Pricing and ‘Monopoly’ Status

by Phil Hall | Aug 1, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

The chief executive of Fair Isaac (NYSE: FICO) has a bone to pick with Bill Pulte after the Federal Housing Finance Agency director claimed the company unfairly hiked its prices and was operating like a monopoly. In an interview with CNBC, FICO CEO Will Lansing...
Lennar Begins Home Sales at New Florida Community

Lennar Begins Home Sales at New Florida Community

by Phil Hall | Aug 1, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Lennar Corp. (NYSE: LEN) is now selling homes at its new master-planned community, New Port Corners in New Port Richey, Florida. The new community features 22 floorplans across single- and multifamily homes, and the development includes a 55+ active adult...
Newsom Issues Executive Order Curbing Housing Density in Fire-Impacted Areas

Newsom Issues Executive Order Curbing Housing Density in Fire-Impacted Areas

by Phil Hall | Aug 1, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

California Gov. Gavin Newsom issued an executive order designed to limit the construction of high-density housing in the Los Angeles County areas impacted by the recent wildfires. The order dilutes Senate Bill 9 (SB 9), which was signed into law four years ago to...
Trump Calls on Fed Board of Governors to Overthrow Powell

Trump Calls on Fed Board of Governors to Overthrow Powell

by Phil Hall | Aug 1, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Two days after the Federal Reserve opted to hold rates again, President Trump has renewed his attacks on Chairman Jerome Powell – and this time, he is calling for a leadership revolt within the central bank’s leadership team. In a posting on Truth Social, the...
Wells Fargo CEO Charles Scharf to Become Chairman of the Board

Wells Fargo CEO Charles Scharf to Become Chairman of the Board

by Phil Hall | Aug 1, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Wells Fargo & Company (NYSE: WFC) has announced CEO Charlie Scharf will become the chairman of the board. When Scharf becomes chairman, the Wells Fargo board intends to appoint a lead independent director. Scharf will receive a one-time special equity grant...
Q2 Commercial and Multifamily Mortgage Originations Up 66% from Last Year

Q2 Commercial and Multifamily Mortgage Originations Up 66% from Last Year

by Phil Hall | Aug 1, 2025 | Commercial Real Estate News, Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Commercial and multifamily mortgage loan originations during the second quarter were up by 48% from the first quarter and up 66% from one year earlier, according to data from the Mortgage Bankers Association (MBA). On a year-over-year measurement, there was a 140%...
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