The Federal Trade Commission (FTC) has begun distributing nearly $62 million in refunds to home sellers who fell victim to the fraudulent marketing claims made by online real estate business Opendoor Labs Inc. According to an August 2022 complaint filed by the FTC,...
The real estate brokerage National Multifamily Corp. has secured its latest company license in South Carolina. Headquartered in Rye Brook, New York, the company is licensed in its home state and Connecticut, New Jersey, Rhode Island, Massachusetts, Pennsylvania,...
The housing market contributed to the uptick in the latest Consumer Price Index (CPI) data published today by the U.S. Bureau of Labor Statistics. The CPI for March recorded a 3.5% year-over-year increase, up from the 3.2% annual uptick in February. Last month marked...
Refinance activity outpaced purchase loans in the latest data from the Mortgage Bankers Association (MBA) covering the week ending April 5. The Market Composite Index, the MBA’s measure of mortgage loan application volume, inched up by a scant 0.1% on a seasonally...
United Wholesale Mortgage (UWM) (NYSE:UWMC) has pushed back on an attack against its operations by a hedge fund-backed Internet page that coincided with a lawsuit against the company and the hedge fund’s shorting of its stock. The lawsuit was filed last week by four...
Marcus & Millichap Capital Corporation (MMCC), a subsidiary of Marcus & Millichap (NYSE: MMI), announced the hiring of industry veteran Robert Caliguri in its Manhattan office as a managing director of capital markets. Caliguri joins MMCC from JP Morgan Chase,...
Hits and Misses for the Real Estate Week of May 11-15
