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Seven-Building Affordable Housing Portfolio in Brooklyn is Sold

Seven-Building Affordable Housing Portfolio in Brooklyn is Sold

by Phil Hall | Jun 19, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Tredway, an affordable and mixed-income real estate developer that builds and preserves high-quality, high-opportunity housing, has partnered with ELH Mgmt. LLC in the acquisition of a seven-building, 193-unit affordable housing portfolio in Brooklyn’s Fort...
CBRE Acquires Data Center Infrastructure Provider Direct Line Global

CBRE Acquires Data Center Infrastructure Provider Direct Line Global

by Phil Hall | Jun 19, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

CBRE Group Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm, has acquired Direct Line Global, a portfolio company of Guardian Capital Partners. Founded in 1997 and based in Fremont, California, Direct Line Global provides...
CFPB Proposes $3.95 Million Fine Against Freedom Mortgage Corporation

CFPB Proposes $3.95 Million Fine Against Freedom Mortgage Corporation

by Phil Hall | Jun 19, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) announced it has filed a proposed order that would enact a $3.95 million fine against Freedom Mortgage Corporation for submitting “error-riddled mortgage loan data” to federal regulators. The proposed order would also...
The Best and Worst US Cities Are…

The Best and Worst US Cities Are…

by Phil Hall | Jun 19, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

WalletHub has issued its 2024 listing of the nation’s best- and worst-run cities, with a somewhat under-the-radar city ranking highest and a very prominent metropolis occupying the bottom ranking. For its list, WalletHub compared 148 of the most populated cities...
Builder Confidence Drops to 6-Month Low

Builder Confidence Drops to 6-Month Low

by Phil Hall | Jun 19, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Builder confidence in the market for newly built single-family homes reached its lowest reading since December 2023, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). For June, the HMI dropped two points from...
CFPB Issues Bans to Reverse Mortgage Servicers

CFPB Issues Bans to Reverse Mortgage Servicers

by Phil Hall | Jun 19, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) ordered three reverse mortgage servicing companies to cease operating in their industry, citing what the regulator described as “illegal activities that harmed older homeowners and caused them to fear losing their...
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