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Luigi Favaro Named CEO of Ontario Real Estate Association

Luigi Favaro Named CEO of Ontario Real Estate Association

by Phil Hall | Jul 25, 2025 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Ontario Real Estate Association (OREA) announced the appointment of Luigi Favaro as its new CEO, effective Sept. 2. Favaro currently serves as OREA’s vice president of partnerships at OREA. He replaces Tim Hudak, who stepped down last August; Sonia Richards has...
Texas AG Paxton Accuses Rival of Planting ‘Fake’ Story on Mortgage Fraud

Texas AG Paxton Accuses Rival of Planting ‘Fake’ Story on Mortgage Fraud

by Phil Hall | Jul 25, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Texas Attorney General Ken Paxton is blaming his political rival, US Sen. John Cornyn (R-TX), of being behind a news story accusing Paxton and his now-estranged wife Angela of mortgage fraud. The Associated Press broke the story claiming the Paxtons owned three homes...
Flood Insurance Relief Legislation Reintroduced in Congress

Flood Insurance Relief Legislation Reintroduced in Congress

by Phil Hall | Jul 25, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Rep. Byron Donalds (R-FL) announced the reintroduction of HR 4494, “The Flood Insurance Relief Act,” which is designed to provide tax relief for flood insurance customers. The proposed legislation creates a non-refundable tax deduction for flood insurance premiums....
Deltec Homes Debuts New Hurricane-Resistant Housing Model

Deltec Homes Debuts New Hurricane-Resistant Housing Model

by Phil Hall | Jul 25, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Deltec Homes, an Asheville, North Carolina-based manufacturer of hurricane-resistant housing, has unveiled Tranquility, the latest model in its 360° Signature Collection. The 1,327-square-foot Tranquility is designed to withstand wind speeds up to 130 mph, with...
USDA to Relocate Majority of Staff and Vacate DC Office Space

USDA to Relocate Majority of Staff and Vacate DC Office Space

by Phil Hall | Jul 25, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The US Department of Agriculture (USDA) has announced a phased plan to vacate much of its office space in the National Capital Region (NCR) and relocate most of its staff to five hub locations across the country. The USDA currently has approximately 4,600 employees...
Barry Habib Added to Fannie Mae’s Board of Directors

Barry Habib Added to Fannie Mae’s Board of Directors

by Phil Hall | Jul 25, 2025 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Fannie Mae (OTCQB: FNMA) has added Barry Habib, CEO of MBS Highway and a longtime media commentator on the housing market, to its board of directors. Habib’s appointment follows a seven-minute video that he posted to social media where he offered a harsh criticism of...
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