The delinquency rate for commercial mortgage-backed securities (CMBS) inched up by one basis point in August to reach a level of 5.44%, according to new data from Trepp Inc. But unlike in many previous months when the office sector was responsible for driving up the...
Finland’s Defense Ministry is seeking to ban real estate purchases within the nation by Russian nationals and companies. According to a press statement, a working group appointed by Minister of Defense Antti Häkkänen created a report on the issue, which will be...
The owners of an Oregon-based real estate investment company have been charged with defrauding individual investors and commercial lenders out of more than $18 million. According to the indictment, Robert D. Christensen and Anthony M. Matic are accused of conducting a...
The U.S. Department of Justice (DOJ) announced a $38.2 million settlement with the City of Los Angeles to resolve allegations of intentionally failing to meet federal accessibility requirements related to Department of Housing and Urban Development (HUD) grant funds...
Detroit-headquartered Rocket Companies (NYSE: RKT) has named Dan Sogorka as general manager of Rocket Pro Third Party Origination (TPO), the mortgage broker business of Rocket Mortgage. In this newly created role, Sogorka will be responsible for establishing the...
The city government of Aurora, Colorado, is blaming the media for exaggerating its coverage of a Venezuelan crime gang’s takeover of local apartment buildings while also blaming the property owners for enabling the gang’s actions. In an unattributed message on X...
Hits and Misses for the Real Estate Week of May 4-8
