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Real Estate Investor Sentenced to Probation for Role in $165 Million Mortgage Fraud

Real Estate Investor Sentenced to Probation for Role in $165 Million Mortgage Fraud

by Phil Hall | Jun 17, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Real estate investor Boruch “Barry” Drillman was sentenced to five years of probation for his role in a $165 million fraud scheme involving multifamily and commercial mortgage loans between 2018 and 2020. Drillman managed BRC Williamsburg Holdings LLC,...
Premier Mortgage Resources Debuts Specialty Products Division

Premier Mortgage Resources Debuts Specialty Products Division

by Phil Hall | Jun 17, 2025 | Commercial Real Estate News, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Premier Mortgage Resources LLC (PMR), a Meridian, Idaho-headquartered nationwide mortgage lender, has launched Specialty Products Division to support borrowers with customized products that go beyond conventional mortgages. The new division is designed to support real...
Report: Typical Down Payment Level Down for First Time in Nearly 2 Years

Report: Typical Down Payment Level Down for First Time in Nearly 2 Years

by Phil Hall | Jun 16, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The typical homebuyer’s down payment in April was $62,468, according to a new data report from Redfin (NASDAQ: RDFN). This is a roughly 1% year-over-year drop and the first annual decline since the summer of 2023. In percentage terms, the typical homebuyer puts down...
Lizzo Makes Second Price Cut to Listing on Her Beverly Hills Estate

Lizzo Makes Second Price Cut to Listing on Her Beverly Hills Estate

by Phil Hall | Jun 16, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Music star Lizzo has recently gained attention for her new slimmed down look, but her physique isn’t the only thing she’s been reducing – according to MarketWatch, the “Tempo” singer has made a second price cut on her Beverly Hills estate. Lizzo acquired the 0.32-acre...
Hits and Misses for the Real Estate Week of June 9-13

Hits and Misses for the Real Estate Week of June 9-13

by Phil Hall | Jun 13, 2025 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The closing of HUD’s Los Angeles field offices by the ongoing riots, Ohio lawmakers kowtowing to the Cleveland Browns, and a real estate agent who keeps selling at 100. From the wild and wooly world of real estate, here are our Hits and Misses for the week of June...
New Bill Seeks to Give Ohio Counties the Ability to Cut Property Taxes

New Bill Seeks to Give Ohio Counties the Ability to Cut Property Taxes

by Phil Hall | Jun 13, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Another strategy for lowering Ohio’s property taxes has been brought forth with a new bill that would give counties the ability to lower property taxes if the amount collected is more than needed. WCMH reports House Bill 309, introduced by David Thomas (R-Jefferson),...
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