A Washington, DC-based CPA has pleaded guilty to making a false statement on a mortgage application and failing to file an income tax return. Timothy Trifilo was a managing director at an unnamed tax firm where he specialized in transaction structuring and advisory...
The Federal Reserve announced its third consecutive rate cut, with a 25-basis-point slice that brings the federal funds rate down to the range of 4.25% to 4.5%. The decision by the central bank’s policy making Federal Open Market Committee had one dissenter –...
The title insurance industry generated $4.3 billion in title insurance premiums during the third quarter, according to new data from the American Land Title Association (ALTA). This marked a 5.3% upswing from one year earlier. During the third quarter, total operating...
Insurance Bureau of Canada (IBC), the national industry association representing Canadian private home, auto and business insurers, has blamed Prime Minister Justin Trudeau’s for failing to protect property owners from climate-related disasters during 2024....
The New York State Department of Financial Services (DFS) is proposing to expand the state’s version of the Community Reinvestment Act (CRA) to include nonbank mortgage lenders. DFS Superintendent Adrienne A. Harris raised the idea by pointing to the increased...
The Consumer Financial Protection Bureau (CFPB) has finalized a rule covering existing residential mortgage protections to Property Assessed Clean Energy (PACE) loans. PACE loans are used by homeowners for clean energy upgrades and disaster readiness that are paid...
Hits and Misses for the Real Estate Week of April 27-May 1
