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NAMB and NAMMBA Team to Support Diversity in Mortgage Industry

NAMB and NAMMBA Team to Support Diversity in Mortgage Industry

by Phil Hall | Jun 11, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The National Association of Mortgage Brokers (NAMB) is partnering with the National Association of Minority Mortgage Bankers of America (NAMMBA) on a strategic alliance focused on encouraging diversity, equity, and inclusion within the mortgage industry. According to...
VA Issues Temporary Policy Change on Home Loan Buyer-Broker Fees

VA Issues Temporary Policy Change on Home Loan Buyer-Broker Fees

by Phil Hall | Jun 11, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. Department of Veterans Affairs (VA) issued a circular announcing a temporary policy change that will enable borrowers using the VA home loan program to pay certain real estate buyer-broker fees when purchasing a home. The circular comes in the wake of the...
Dallas Pastor Sentenced to 35 Years for Deed Fraud Against Three Churches

Dallas Pastor Sentenced to 35 Years for Deed Fraud Against Three Churches

by Phil Hall | Jun 11, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A Dallas-area pastor was sentenced to 35 years for property theft involving three churches. Whitney Foster led True Foundation Non-Denominational Church, a small congregation without a physical place of worship. According to the charges brought against him, Foster...
Median Asking Rents Decline, But at Slower Pace

Median Asking Rents Decline, But at Slower Pace

by Phil Hall | Jun 11, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Rents dropped in May for the tenth consecutive month, albeit at a slower pace, according to the latest Realtor.com Rental Report. The median asking rent nationally for 0-2 bedroom units fell by -0.7% ($13) from May 2023 to $1,732. This is only $24 (-1.4%) below its...
Report: Community Bank Earnings to Drop By 12% Year-Over-Year

Report: Community Bank Earnings to Drop By 12% Year-Over-Year

by Phil Hall | Jun 11, 2024 | Commercial Real Estate News, Industry Updates, News/Current Events, WRE News Exclusive

U.S. community bank earnings for 2024 are expected to be 12% lower compared to one year ago, according to a new report from S&P Global Market Intelligence. The newly published “2024 U.S. Community Bank Market Report” found elevated interest rates are pressuring...
Robert Arigo Promoted to CEO at LuxUrban Hotels

Robert Arigo Promoted to CEO at LuxUrban Hotels

by Phil Hall | Jun 11, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

LuxUrban Hotels Inc. (NASDAQ: LUXH), a Miami-headquartered hospitality company which leases hotels and rents rooms to business and vacation travelers, has named Robert Arigo as its next CEO. Arigo joined LuxUrban in March as chief operating officer. Prior to his work...
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