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New Platform Enables Global Crypto Purchasing of US Real Estate

New Platform Enables Global Crypto Purchasing of US Real Estate

by Phil Hall | Apr 20, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

MyEListing.com, a free commercial real estate listings and data platform, has launched a program that enables anyone in the world to buy and sell U.S. residential and commercial real estate with cryptocurrency. The new ASAP (Accelerated Sale and Purchase) program is...
Colombian Proptech Habi in $100M Credit Facility

Colombian Proptech Habi in $100M Credit Facility

by Phil Hall | Apr 20, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Habi, a proptech that is the largest buyer and seller of used homes in Colombia and Mexico and the largest mortgage originator in Colombia, has entered into a $100 million credit facility with Victory Park Capital (VPC), a Chicago-headquartered global alternative...
FDIC Auctions Mortgage-Backed Bonds from Failed Banks

FDIC Auctions Mortgage-Backed Bonds from Failed Banks

by Phil Hall | Apr 20, 2023 | Industry Updates, Mortgage Information, U.S. Housing Market, WRE News Exclusive

The Federal Deposit Insurance Corp. (FDIC) has begun selling mortgage-backed bonds from Silicon Valley Bank and Signature Bank (OTC:SBNY). The Wall Street Journal reported the FDIC put up $700 million of high-quality mortgage-backed bonds yesterday as part of an...
Guild Mortgage Adds 8 California Branches From Fairway Independent Mortgage

Guild Mortgage Adds 8 California Branches From Fairway Independent Mortgage

by Phil Hall | Apr 20, 2023 | Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

San Diego-headquartered Guild Mortgage (NYSE: GHLD), added a new district consisting of eight branch offices and 40 employees who were formerly with Fairway Independent Mortgage. John Lowe, formerly senior vice president and division manager at Fairway, has been named...
Legalized Cannabis and Real Estate: Still a Work in Progress

Legalized Cannabis and Real Estate: Still a Work in Progress

by Phil Hall | Apr 19, 2023 | Commercial Real Estate News, Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The legalization of marijuana in the U.S. has created something of a nationwide crazy quilt. Cannabis is still considered illegal under federal law, but in 21 states plus the District of Columbia and Guam both medicinal and recreational marijuana retailing is legal....
Foreclosure Activity Up 22% Year-Over-Year

Foreclosure Activity Up 22% Year-Over-Year

by Phil Hall | Apr 19, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 95,712 U.S. properties carried foreclosure filings during the first quarter of this year, according to new data from ATTOM. This is a 6% uptick from the previous quarter and a 22% spike from one year ago. Nationwide, one in every 1,459 housing units had a...
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