Angelo Mozilo, the former chairman and chief executive of Countrywide Financial who received widespread criticism for his role in the subprime mortgage meltdown, died at the age of 84. “It is with great sadness that the family of Angelo Robert Mozilo announces his...
On July 30, 2008, President George W. Bush signed the Housing and Economic Recovery Act of 2008 (HERA), which established the Federal Housing Finance Agency (FHFA). One provision of that act gave the FHFA authority to place its regulated entities into conservatorship...
The homeownership rate for Ohio tied its lowest recorded level, according to a report from the Dayton Daily News. The state’s homeownership rate was 66% in 2022. The only time the rate fell that low was in 2017 – the rate has been tracked since 1984. The highest rate...
For those in pursuit of metro areas with a higher-than-average number of educated residents, WalletHub released its report on 2023’s Most & Least Educated Cities in America. To determine where the most educated Americans are choosing to settle down, WalletHub...
Lennar Corp. (NYSE: LEN, LEN.B) announced that Rick Beckwitt will retire as a co-CEO and co-president and resign as a member of the homebuilder’s board of directors. Beckwitt joined Lennar in March 2006 as executive vice president and became president in 2011 and CEO...
The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is allocating $2 million in Affordable Housing Program (AHP) grants to a pair of Arizona projects designed to create 142 units of affordable housing for seniors. $1 million was awarded for the new...
Hits and Misses for the Real Estate Week of May 11-15
