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New VP of Acquisitions at First National Realty Partners

New VP of Acquisitions at First National Realty Partners

by Phil Hall | Sep 25, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

First National Realty Partners (FNRP), a Red Bank, New Jersey-headquartered private equity commercial real estate firm, has hired Stuart Brackenridge as vice president of acquisitions. In his new job, Brackenridge will be responsible for sourcing, evaluating and...
New Home Sales Down as Nearly Half of Listings Go Untouched for at Least 60 Days

New Home Sales Down as Nearly Half of Listings Go Untouched for at Least 60 Days

by Phil Hall | Sep 25, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New home sales are down as more residences for sale are spending extended periods on the market, according to a pair of new data reports. Sales of new single-family houses in August were at a seasonally adjusted annual rate of 716,000, according to estimates published...
New Orleans Mansion Featured in ‘American Horror Story’ is Sold

New Orleans Mansion Featured in ‘American Horror Story’ is Sold

by Phil Hall | Sep 25, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A New Orleans mansion built in 1856 that gained pop culture fame from its appearance in the television series “American Horror Story” was sold. Mansion Global reported the property, known as the Buckner Mansion, was listed in May for $4.5 million and was later reduced...
DOJ Announces $2.4 Million HECM Settlement with Nutter

DOJ Announces $2.4 Million HECM Settlement with Nutter

by Phil Hall | Sep 25, 2024 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

The U.S. Department of Justice (DOJ) announced the former mortgage lender James B. Nutter & Company, has agreed to a $2.4 million settlement to resolve allegations that it knowingly underwrote Home Equity Conversion Mortgages (HECM) insured by the Federal Housing...
Refinancing Drives Up Mortgage Application Activity

Refinancing Drives Up Mortgage Application Activity

by Phil Hall | Sep 25, 2024 | Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Homeowners seeking refinancing drove the increased volume of mortgage applications for the week ending Sept. 20, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased...
United Homes Group Announces Leadership Changes

United Homes Group Announces Leadership Changes

by Phil Hall | Sep 25, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Columbia, South Carolina-based United Homes Group Inc. (NASDAQ: UHG), a residential builder focused on southeastern markets, announced that Michael Nieri, the company’s founder, chairman, and CEO, will transition to executive chairman on Oct. 1. Jamie Pirrello, a...
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