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Guest Opinion: The CFPB’s Approach to Mortgage Refinancing

Guest Opinion: The CFPB’s Approach to Mortgage Refinancing

by Rohit Chopra | Sep 10, 2024 | Guest Opinion, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Rohit Chopra is director of the Consumer Financial Protection Bureau (CFPB). This article is adapted and edited from a speech delivered yesterday at the National Housing Conference in Washington, DC. While we often focus on homeownership as a vehicle for accumulating...
Report: FTC Probes Takeover Bid of 7-Eleven Parent

Report: FTC Probes Takeover Bid of 7-Eleven Parent

by Phil Hall | Sep 10, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The U.S. Federal Trade Commission (FTC) has notified Japan’s Seven & i Holdings (OTCMKTS: SVNDY), the parent company of the 7-Eleven chain, that it plans to investigate potential antitrust concerns related to the unsolicited acquisition bid by Canada’s...
Social Media Influencer Indicted on 15 Counts Related to Real Estate Investment Fraud

Social Media Influencer Indicted on 15 Counts Related to Real Estate Investment Fraud

by Phil Hall | Sep 10, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Theodore Miller, a social media influencer who attracted investors by presenting himself across TikTok and Instagram as a wealthy real estate mogul, received a 15-count indictment on charges relating to wire fraud, money laundering, and obstruction. Miller, who went...
Freddie Mac Names Diana Reid as New CEO

Freddie Mac Names Diana Reid as New CEO

by Phil Hall | Sep 10, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Freddie Mac (OTCQB: FMCC) announced the appointment of Diana Reid as the new CEO. Reid, who will also serve as a member of Freddie Mac’s board of directors, succeeds Michael J. DeVito, who retired earlier this year. Michael Hutchins, who served as interim CEO, will...
West77 Partners Expands Into Phoenix Market

West77 Partners Expands Into Phoenix Market

by Phil Hall | Sep 10, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

West77 Partners, a real estate investment and development firm based in Bellevue, Washington, and Salt Lake City, has opened a new office in the greater Phoenix market. According to the company, the new office will handle its construction of multiple LivAway Suites...
Florida Apartment Tower Transitions from Market Rate to Affordable Housing

Florida Apartment Tower Transitions from Market Rate to Affordable Housing

by Phil Hall | Sep 10, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A 208-unit apartment tower in Clearwater, Florida, that operated for 50 years as an affordable senior living complex before being turned into market rate housing that displaced its financially vulnerable residents is being transitioned into an affordable housing...
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