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Swalwell Sues Pulte Over Mortgage Fraud Allegations
Swalwell also accused Pulte of violating the Privacy Act of 1974, which forbids federal agencies from making unauthorized public disclosures of sensitive information relating to an individual. Continue Reading Swalwell Sues Pulte Over Mortgage Fraud Allegations
Swalwell Sues Pulte Over Mortgage Fraud Allegations
Swalwell also accused Pulte of violating the Privacy Act of 1974, which forbids federal agencies from making unauthorized public disclosures of sensitive information relating to an individual. Continue Reading Swalwell Sues Pulte Over Mortgage Fraud Allegations
CMBS Delinquency Rate Falls After 6 Months of Increases
The delinquency rate for commercial mortgage-backed securities (CMBS) for September went into decline for the first time since February, dropping six basis points to 7.23%. According to data from Trepp Inc., last month’s overall delinquent balance was $43.5 billion...
Luxury Home Sales Rise While Sales Activity Declines
Luxury home sale prices were up by 3.9% year-over-year to a median $1.25 million, a record high for the month of August, according to new data from Redfin. Luxury home prices grew nearly three times faster than non-luxury home prices, which increased 1.4% to a median...
FCP Expands into Las Vegas with Apartment Community Acquisition
The real estate investment firm FCP has made its first foray into the Las Vegas market with the acquisition of The Avondale Apartments, a 560-unit community. Avondale comprises one-, two-, and three-bedroom residences in three-story buildings. Community amenities...
NEWS & CURRENT EVENTS
Report: White House Offers NYC Mayor Adams a HUD Position if He Drops Re-Election Bid
Another report has Adams being offered the role of US Ambassador to Saudi Arabia Continue Reading Report: White House Offers NYC Mayor Adams a HUD Position if He Drops Re-Election Bid
Developers of Offshore Wind Project Halted by Trump Sue to Void Stop-Work Order
Construction on the 65-turbine Revolution Wind project began in 2023. Continue Reading Developers of Offshore Wind Project Halted by Trump Sue to Void Stop-Work Order
Trump’s Fed Pick Says He Will Take Unpaid Leave from White House Job if Confirmed
Rhode Island’s Democratic Senator Jack Reed called Miran’s plan “absolutely ridiculous.” Continue Reading Trump’s Fed Pick Says He Will Take Unpaid Leave from White House Job if Confirmed
Multifamily Mortgage Lending Up 17%
More than half (53%) of the active lenders made five or fewer multifamily loans over the course of the year. Continue Reading Multifamily Mortgage Lending Up 17%
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WEEKLY REAL ESTATE NEWS EXCLUSIVE ARTICLES
Find insights, information, tools, perspectives, and trends written by experts and published exclusively on WRE News.
Bank of America Reports 80% Surge in Q1 Mortgage Applications
“We’re seeing a steady increase in home buying activity, and it’s beyond what we would normally see from a seasonality perspective,” said Matt Vernon, head of consumer lending. Continue Reading Bank of America Reports 80% Surge in Q1 Mortgage Applications
Ottawa Man Arrested for Real Estate Investment Scam
Timothy LaFlamme identified himself in a now-deleted LinkedIn account as a “mental health and financial consultant.” Continue Reading Ottawa Man Arrested for Real Estate Investment Scam
Judge Blocks Trump Effort to Whittle Down the CFPB
A federal judge has halted the Trump administration’s actions to downsize and realign the Consumer Financial Protection Bureau (CFPB). In a 112-page ruling by US District Judge Amy Berman Jackson, an Obama administration appointee, the Trump administration was ordered...
Hits and Misses for the Real Estate Week of March 24-28
The CFPB’s about-face, an iconic retail chain’s downfall and the rescue of a derelict Frank Lloyd Wright home. Continue Reading Hits and Misses for the Real Estate Week of March 24-28
Proposed Texas Development Accused of Seeking Muslim-Only Community Under Sharia Law
“The proposed community will never see the light of day,” said Gov. Abbott. Continue Reading Proposed Texas Development Accused of Seeking Muslim-Only Community Under Sharia Law
Fannie Mae Forecasts Declining Mortgage Rates for 2025 and 2026
The revised forecast was mirrored by a mild upward revision for predicted existing home sales in 2025. Continue Reading Fannie Mae Forecasts Declining Mortgage Rates for 2025 and 2026
NAR to Layoff 61 Employees as Part of Organizational Overhaul
NAR did not provide a timeline regarding when the job cuts would occur. Continue Reading NAR to Layoff 61 Employees as Part of Organizational Overhaul
Former Morgan Stanley Financial Advisor Sentenced for Fraud Scheme
n all, Morgan Stanley suffered a total loss of $5,554,968.10 due to Jesus Rodriguez de la Cruz’s scheme. Continue Reading Former Morgan Stanley Financial Advisor Sentenced for Fraud Scheme
Caliber Launches 1031 Exchange Program
Caliber specializes in acquiring and managing multifamily residential, hospitality, and multi-tenant industrial assets in Arizona, Texas, and Colorado. Continue Reading Caliber Launches 1031 Exchange Program
Chicago Mayor Johnson Debuts ‘Build Better Together’ Initiative
Chicago under Johnson’s leadership is operating with a $1 billion deficit. Continue Reading Chicago Mayor Johnson Debuts ‘Build Better Together’ Initiative
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