In the wake of Monday’s resignation of Kenny Parcell as 2023 President of the National Association of Realtors following a New York Times article where he was accused of sexual harassment against NAR staff and members, the organization has announced President-elect...
Cincinnati-headquartered Core Specialty Insurance Holdings Inc. is entering the mortgage reinsurance market. Core Specialty will provide excess of loss reinsurance on selected Freddie Mac and Fannie Mae mortgages. The company has also entered into an advisory...
Fewer investors are putting their money into residential real estate, according to new data from Redfin (NASDAQ:RDFN). During the second quarter, Redfin determined that investor home purchases were down 45% from one year ago – in comparison, overall home sales were...
Altisource Asset Management Corp. (NYSE American: AAMC) announced the resignation of CEO Jason Kopcak. While the company did not offer a specific reason for Kopcak’s departure, his exit comes as AAMC continues to focus on reducing costs and streamlining operations...
Backflip, a Dallas-headquartered real estate and fintech platform for fix-and-flip investors, has unveiled My Leads, an AI-enabled property sourcing feature. According to the company, the platform leverages artificial intelligence to act as a deal analysis assistant...
The owner of a luxury residence in Aspen is seeking to generate the first home sale in Colorado that goes above the $100 million level. The Wall Street Journal reports the 8.4-acre estate located four miles from Aspen’s downtown has been listed for $105 million. The...
Hits and Misses for the Real Estate Week of May 11-15
