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Federal Reserve Drama: Wall Street Journal Slams Pulte on GSE Mortgage Fraud Efforts; Second Criminal Referral Against Cook

Federal Reserve Drama: Wall Street Journal Slams Pulte on GSE Mortgage Fraud Efforts; Second Criminal Referral Against Cook

by Phil Hall | Aug 29, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

The editorial board of the Wall Street Journal took a harsh aim at Bill Pulte, director of the Federal Housing Finance Agency (FHFA), for using Fannie Mae and Freddie Mac to target President Trump’s political foes with mortgage fraud accusations while failing to...
Long Island Real Estate Attorney Sentenced on Larceny Charges

Long Island Real Estate Attorney Sentenced on Larceny Charges

by Phil Hall | Aug 29, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

A Long Island real estate attorney was sentenced to up to 12 years in prison for stealing more than $6 million in connection with more than 50 separate real estate transactions between September 2020 and January 2024. According to the charges brought against him,...
Unicoin Seeks Dismissal of SEC’s Fraud Lawsuit

Unicoin Seeks Dismissal of SEC’s Fraud Lawsuit

by Phil Hall | Aug 29, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The New York City-based cryptocurrency company is pushing back at the Securities and Exchange Commission’s (SEC) fraud lawsuit, accusing the agency of cherry-picking issues and conflating them into a bogus prosecution. CoinTelegraph reports that Unicoin asked a New...
Texas Acquires 2 Hotels Adjacent to the Alamo

Texas Acquires 2 Hotels Adjacent to the Alamo

by Phil Hall | Aug 29, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Texas state government has acquired a pair of historic San Antonio hotels adjacent to the Alamo. The San Antonio Business Journal reports the Texas General Land Office purchased the Crockett and Menger hotels last week for an undisclosed sum. The two hotels were...
Gov. DeSantis: Canadian Tourist Money Will Fill Void if Property Taxes Are Eliminated

Gov. DeSantis: Canadian Tourist Money Will Fill Void if Property Taxes Are Eliminated

by Phil Hall | Aug 28, 2025 | Real Estate News, WRE News Exclusive

After pledging to either slash or eliminate property taxes in his state, Florida Gov. Ron DeSantis offered a solution on how to compensate for the disappearance of revenue from those taxes – lean on Canadian tourists. Florida Politics reports DeSantis believed...
Mortgage Originations Up 19% During Q2

Mortgage Originations Up 19% During Q2

by Phil Hall | Aug 28, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 1.76 million mortgages secured by residential property (one to four units) were issued in the second quarter, a 19.4% surge from the prior quarter and a 6.3% increase from the same period last year. According to data from ATTOM, the second quarter’s $601.7...
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