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Cornerstone Capital Bank Launches Community Lending Division

Cornerstone Capital Bank Launches Community Lending Division

by Phil Hall | Feb 3, 2025 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Houston-headquartered Cornerstone Capital Bank has debuted a Community Lending Division with the goal of expanding homeownership opportunities for underserved communities across the nation. The new division will be based in Arlington, Texas, and the bank stated it...
NAR Accepting Applications for 2025 Good Neighbor Awards

NAR Accepting Applications for 2025 Good Neighbor Awards

by Phil Hall | Feb 3, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The National Association of Realtors (NAR) is now accepting applications for its 2025 Good Neighbor Awards that honors real estate agents who “demonstrate exceptional dedication to volunteer service and have lasting impacts on their communities.” Five winners will...
Trump Names Treasury Secretary Bessent as Acting CFPB Director

Trump Names Treasury Secretary Bessent as Acting CFPB Director

by Phil Hall | Feb 3, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

President Trump has named Treasury Secretary Scott Bessent as the acting director of the Consumer Financial Protection Bureau (CFPB). Bessent will take the leadership role from Rohit Chopra, the Biden administration’s appointee for the CFPB director who was fired on...
Home Builders Give Thumbs Down to Trump’s Tariffs on Canada and Mexico

Home Builders Give Thumbs Down to Trump’s Tariffs on Canada and Mexico

by Phil Hall | Feb 3, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The National Association of Home Builders (NAHB) has voiced its opposition to President Trump’s 25% tariff on Canadian and Mexican goods coming into the United States. Carl Harris, NAHB chairman and a custom home builder from Wichita, Kansas, issued a statement on...
GOP Cheers, Democrats Slam Trump’s Firing of CFPB Director Rohit Chopra

GOP Cheers, Democrats Slam Trump’s Firing of CFPB Director Rohit Chopra

by Phil Hall | Feb 3, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

President Trump’s Saturday morning firing of Consumer Financial Protection Bureau (CFPB) Rohit Chopra generated a split reaction, with Republicans welcoming the ouster of the Biden-appointed regulator and Democrats not sharing that enthusiasm. Sen. Tim Scott (R-SC),...
Pittsburgh-Area Mall Sells for $34 Million

Pittsburgh-Area Mall Sells for $34 Million

by Phil Hall | Feb 3, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

CBL Properties (NYSE:CBL) has sold the Pittsburgh-area of Monroeville Mall and Annex in for $34 million in an all-cash transaction with an unnamed buyer. The Monroeville, Pennsylvania-based mall opened in 1969 with 1.15 million square feet of space and was renovated...
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