The Wall Street Journal is reporting that Fannie Mae (OTCQB: FNMA) maintains a “secret blacklist” of condominium communities that makes it difficult, if not impossible, for these properties to get a mortgage. The new report claims the blacklist “includes condo...
A fraudster whose chicanery was inspired by a “Seinfeld” joke was sentenced in Brooklyn federal court to 45 months in prison for wire fraud and ordered to pay $1.3 million in forfeiture. Thomas John Sfraga, also known by the alias TJ Stone, presented himself to...
The Florida legislature is considering the use of accessory dwelling units (ADU) to help solve the state’s affordable housing shortage. News Service of Florida reports panels within the state’s House and Senate passed bills that would enable localities to allow the...
Toll Brothers Apartment Living, the rental subsidiary of the luxury builder Toll Brothers Inc. (NYSE: TOL), in joint venture partnership with PGIM Real Estate announced the grand opening of The Lindley, a new 37-story high-rise apartment community in the heart of San...
HUD’s new priorities, Gavin Newsom’s financial benefactors and a pair of high-profile acquisition stories – one genuine, one not. From the wild and wooly world of real estate, here are our Hits and Misses for the week of March 10-14. Hit: DEI is DOA. Kudos to Housing...
California Insurance Commissioner Ricardo Lara has provisionally approved a request by State Farm for a 22% emergency interim rate increase in homeowners insurance following the vast devastation created by the Los Angeles County wildfires. In a statement, Lara...
