A New Jersey real estate investor was sentenced to five years in prison and ordered to pay $22 million in restitution for his role in a $54.7 million multi-year mortgage fraud scheme. Aron Puretz was an employee of Apex Equity Group, a real estate investment and...
Mortgage application activity recorded a slight decline in data from the Mortgage Bankers Association covering the week ending Dec. 13. The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 0.7% on a seasonally adjusted basis...
Single-family housing starts in November were at a rate of 1.01 million, according to new data from the US Census Bureau and the US Department of Housing and Urban Development. This is 6.4% above the revised October figure of 950,000. Privately-owned housing starts in...
RE/MAX Holdings Inc. (NYSE: RMAX), parent company of RE/MAX LLC and Motto Mortgage, is launching a commerce media network. Working in partnership with the media agency Kontrol Media, the company’s RE/MAX Media Network is being promoted as a vehicle that creates “new...
Commercial mortgage delinquencies were on the rise in the third quarter, according to data from the Mortgage Bankers Association (MBA). “The share of the balance of delinquent commercial mortgages increased for every major capital source during the third quarter of...
Builder confidence in the market for newly built single-family homes held steady this month, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The latest HMI reading of 46 was unchanged from November; any number over...
Hits and Misses for the Real Estate Week of April 27-May 1
