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VA to End Mortgage Rescue Program for Veterans

VA to End Mortgage Rescue Program for Veterans

by Phil Hall | Apr 4, 2025 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

The Department of Veterans Affairs (VA) is planning to end a mortgage rescue program for veterans that was introduced less than one year ago. The Veterans Affairs Servicing Purchase (VASP) program went into effect last May with the goal of purchasing defaulted VA...
Trump Urges Powell to Cut Rates While Fed Chief Warns of Economic Weakening from Tariffs

Trump Urges Powell to Cut Rates While Fed Chief Warns of Economic Weakening from Tariffs

by Phil Hall | Apr 4, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

President Trump and Federal Reserve Chairman Jerome Powell talked past each other this morning, with the president demanding interest rate cuts in the wake of a vibrant economy while the central bank leader warned the economy was in danger of fraying following the new...
Russian Realtor Advised Women to Marry Ukraine-Bound Soldiers to Gain Widows’ Compensation

Russian Realtor Advised Women to Marry Ukraine-Bound Soldiers to Gain Widows’ Compensation

by Phil Hall | Apr 4, 2025 | International Real Estate News, News/Current Events, Real Estate Agent Tools, WRE News Exclusive

A Russian realtor was sentenced to 80 hours of community service for advising female clients to marry soldiers being deployed to the Ukraine war – with the argument that the men would be killed in combat and the new widows could receive a generous compensation from...
Starwood Capital Group Completes $800 Million Purchase of Portfolio of 11 Master-Planned Communities

Starwood Capital Group Completes $800 Million Purchase of Portfolio of 11 Master-Planned Communities

by Phil Hall | Apr 4, 2025 | News/Current Events, Real Estate Investing, U.S. Housing Market, WRE News Exclusive

A joint venture between an affiliate of Starwood Capital Group and an affiliate of Land Strategies Management (dba Starwood Land) has completed an $800 million acquisition of a portfolio of master-planned communities in Texas from Hines, the real estate investment...
Kingsbarn Realty Capital Buys Hollywood Office Building for $105 Million

Kingsbarn Realty Capital Buys Hollywood Office Building for $105 Million

by Phil Hall | Apr 4, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Kingsbarn Realty Capital has paid $105 million to acquire the Class A office building 1601 Vine Street in the Hollywood submarket of Los Angeles. The 115,000-square-foot property – which has five levels of underground parking – was developed by JH Synder Company in...
Fraudster Awaiting Sentencing for RV Site Scams Hit with New Charges for Similar Scheme

Fraudster Awaiting Sentencing for RV Site Scams Hit with New Charges for Similar Scheme

by Phil Hall | Apr 4, 2025 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A Canadian man who was found guilty and is awaiting sentencing for scamming buyers of RV sites in British Columbia is facing new charges by Calgary police for coordinating a similar scheme in Alberta. The Calgary Herald reports that Craig Douglas McMorran was found...
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