Seller impersonation fraud is growing across the US real estate industry, according to new data from the American Land Title Association (ALTA) that found 28% of title insurance companies experiencing at least one seller impersonation fraud attempt last year while two...
The government-sponsored enterprises (GSEs) Fannie Mae (OTCMKTS: FNMA) and Freddie Mac (OTCMKTS: FMCC) are reportedly preparing tougher rules for multifamily property lenders and brokers. According to a Wall Street Journal report sourced from unnamed “people familiar...
The private equity firm Exuma Capital Partners announced the launch of Property.com, which is promoted as an artificial intelligence (AI)-fueled platform designed to connect contractors, real estate agents, home service providers, and homeowners. According to a...
The W. P. Carey Foundation announced its commitment of $25 million to expand the depth and scope of the real estate program at Arizona State University’s W. P. Carey School of Business. The foundation’s investment will be used the finance the launch of an...
A 23-story Manhattan office tower that sold in 2006 for $332 million has changed hands in an online auction for $8.5 million – a 97.5% loss. The New York Times reported the owner of the property, an investment fund run by UBS Realty Investors, had previously tried to...
Hawaii Gov. Josh Green announced a $4 billion settlement resolving all tort claims arising from the Maui wildfires. According to a statement from the governor’s office, the seven defendants – the State of Hawaii, County of Maui, Hawaiian Electric, Kamehameha Schools,...
