Sterling Organization, a vertically integrated private equity real estate investment firm headquartered in West Palm Beach, Florida, has promoted Bob Dake to a principal of the firm. Dake joined the firm in 2021 as chief operating officer (COO) of Sterling’s...
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $645 on each loan they originated during the first quarter, according to data from the Mortgage Bankers Association (MBA). This represents a decline from the...
The Federal Home Loan Bank of Dallas (FHLBank Dallas) is now offering a $1 million fund to support affordable housing on tribal lands in its District of Arkansas, Louisiana, Mississippi, New Mexico and Texas. The new Native American Housing Opportunities Fund will...
Americans consider real estate as their best long-term investment, according to Gallup’s 2024 Economy and Personal Finance survey. In a choice of six investment options, real estate scored highest among the survey’s respondents with a 36% share, followed by stocks or...
A former Baltimore city prosecutor who was found guilty of mortgage fraud avoided a prison sentence. The Associated Press reported that former state’s attorney Marilyn Mosby’s was sentenced to 12 months of home confinement, 100 hours of community service and three...
Two regional realtor associations in Florida, the Pinellas Realtor Organization and Greater Tampa Realtors, have announced plans to merge and become Tampa Bay Realtors. If the merger is approved by the National Association of Realtors, the combined organization will...
Hits and Misses for the Real Estate Week of June 22-26
