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Foreclosure Activity Down in April

Foreclosure Activity Down in April

by Phil Hall | May 15, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 31,649 residential properties carried foreclosure filings in April, down 4% from both the previous month and the previous year, according to data from ATTOM. Nationwide one in every 4,453 housing units had a foreclosure filing in April. The states with the...
Mortgage Application Activity Inches Up Slightly

Mortgage Application Activity Inches Up Slightly

by Phil Hall | May 15, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications activity recorded a very mild upswing last week, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s of mortgage loan application volume, increased by 0.5% on a seasonally adjusted basis for the...
Minnesota AG Sues Realtor Over Alleged Predatory Lending and Anti-Muslim Bias

Minnesota AG Sues Realtor Over Alleged Predatory Lending and Anti-Muslim Bias

by Phil Hall | May 15, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Minnesota Attorney General Keith Ellison has filed a lawsuit accusing realtor Chadwick Banken of violating state and federal laws by reportedly selling houses via predatory and illegal contracts for deed and for allegedly discriminating against Muslim homebuyers. The...
Real Estate Developer Frank McCourt Leads ‘People’s Bid’ to Acquire TikTok

Real Estate Developer Frank McCourt Leads ‘People’s Bid’ to Acquire TikTok

by Phil Hall | May 15, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Real estate developer and philanthropist Frank McCourt announced he is organizing a bid to acquire the TikTok social media platform. McCourt, who is executive chairman of McCourt Global and a former owner and chairman of the Los Angeles Dodgers and Dodger Stadium from...
Leadership Shifts at Home BancShares

Leadership Shifts at Home BancShares

by Phil Hall | May 15, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Conway, Arkansas-based Home BancShares Inc. (NYSE: HOMB) and its wholly owned subsidiary Centennial Bank announced shifts in its management team. Chief Operating Officer Stephen Tipton will take on the role of CEO of Centennial Bank while Kevin Hester will add to his...
Farmers Resumes Writing Business Insurance Lines in California

Farmers Resumes Writing Business Insurance Lines in California

by Phil Hall | May 15, 2024 | Commercial Real Estate News, Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Farmers Insurance is resuming the issuance of new business commercial multi-peril applications in California for real estate, habitational, auto service and repair, manufacturing and wholesale distribution, effective Aug. 1. The announcement follows the carrier’s...
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