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Fairway Mortgage Corp. Settles Redlining Charges, Accusing Feds of Politically Motivated Probe

Fairway Mortgage Corp. Settles Redlining Charges, Accusing Feds of Politically Motivated Probe

by Phil Hall | Oct 17, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Madison, Wisconsin-based Fairway Mortgage Corporation has agreed to a nearly $10 million settlement of redlining charges brought by the Department of Justice (DOJ) and the Consumer Financial Protection Bureau (CFPB), with the company claiming the probe into its...
Kevin Cawley Named Chief Technology Officer at Legacy Group Capital

Kevin Cawley Named Chief Technology Officer at Legacy Group Capital

by Phil Hall | Oct 17, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Legacy Group Capital, the Bellevue, Washington-headquartered real estate firm focused on community-based engagement in private lending and real estate investing, announced the appointment of Kevin Cawley as chief technology officer. Cawley comes to Legacy through its...
Report: NFL Stadiums Could Experience $11 Billion in Losses from Climate Threats

Report: NFL Stadiums Could Experience $11 Billion in Losses from Climate Threats

by Phil Hall | Oct 17, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

NFL stadiums could experience up to $11 billion in cumulative losses by 2050 as a result of escalating climate threats, according to a new report from the climate risk analysis firm Climate X. The new analysis studied 30 NFL stadiums that have exposure to significant...
Fannie Mae CEO: ‘It’s a Highly Unaffordable Market Right Now’

Fannie Mae CEO: ‘It’s a Highly Unaffordable Market Right Now’

by Phil Hall | Oct 16, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Priscilla Almodovar, the CEO of Fannie Mae (OTC: FNMA) has looked at the housing market and said she never saw anything like it. In an interview with MarketWatch, pointed to home prices that are still at historic highs. “It’s a highly unaffordable market right now,”...
Airbnb Debuts Co-Host Network

Airbnb Debuts Co-Host Network

by Phil Hall | Oct 16, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Airbnb Inc. (NASDAQ: ABNB) is now offering a co-host network designed help Airbnb hosts manage their properties. Under the program, co-hosts will manage listings, answer reservation inquiries, communicate with guests, contract for cleaning services and handle problems...
Canada Invests Nearly $71 Million into 207 Rental Units in Montreal

Canada Invests Nearly $71 Million into 207 Rental Units in Montreal

by Phil Hall | Oct 16, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Canadian government is investing nearly $71 million for the construction of 207 purpose-built rental units in Montreal. Funding for this endeavor will be provided as fully repayable, low-interest loans through the Apartment Construction Loan Program (ACLP), which...
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