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MBA Chief Calls for Federal Probe into Price Hikes on Credit Reporting Products
Mortgage Bankers Association (MBA) President and CEO Bob Broeksmit is calling for a federal investigation into recent price increases for credit reporting products. In a post on LinkedIn, Broeksmit stated, “I was hoping it was April Fool’s Day, but it feels more like...
MBA Chief Calls for Federal Probe into Price Hikes on Credit Reporting Products
Mortgage Bankers Association (MBA) President and CEO Bob Broeksmit is calling for a federal investigation into recent price increases for credit reporting products. In a post on LinkedIn, Broeksmit stated, “I was hoping it was April Fool’s Day, but it feels more like...
Forecast Warns of 10% Spike in Electric Heating Costs This Winter
Households that heat their residences with electricity could see a 10.2% increase in their winter heating bills to an average of $1,205 this year, up from $1,093 last winter. According to a forecast from the National Energy Assistance Directors Association (NEADA),...
Florida Records Surge in Pending Home Sales
Florida recorded 21,798 closed sales of existing single-family homes in August, down 3.9% year-over-year, while existing condo-townhouse sales totaled 7,424, down 6% from one year earlier. According to data from Florida Realtors, new pending sales of single-family...
California Man Sentenced for Belize-Based Real Estate Scam
A California man was sentenced to eight years in prison for coordinating real estate scam in Belize that defrauded hundreds of victims out of approximately $77 million. Newport Beach-based Andris Pukke, who also went by the aliases Marc Romeo and Andy Storm,...
NEWS & CURRENT EVENTS
San Antonio Realtors Group Rebrands MLS
The LERA acronym stands for “Local, Expertise, Regional Access.” Continue Reading San Antonio Realtors Group Rebrands MLS
Pittsburgh Universities Put Students in Hotels as Enrollment Overwhelms Dorm Availability
University of Pittsburgh is placing 250 students in a Hampton Inn while Point Park University is housing 90 students at a Wyndham Grand. Continue Reading Pittsburgh Universities Put Students in Hotels as Enrollment Overwhelms Dorm Availability
Trump on Fed Governor Accused of Mortgage Fraud: ‘I’ll Fire Her if She Doesn’t Resign’
There is no precedent for president firing a Federal Reserve governor. Continue Reading Trump on Fed Governor Accused of Mortgage Fraud: ‘I’ll Fire Her if She Doesn’t Resign’
Virginia Home Sales Up 2.4%
The statewide median sales price in July was $435,000, a $9,000 increase for a 2.1% year-over-year bump-up. Continue Reading Virginia Home Sales Up 2.4%
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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.
Danielle Morgan Promoted to CEO at Clearwater Living
Kristine Delgado has been promoted to chief revenue officer. Continue Reading Danielle Morgan Promoted to CEO at Clearwater Living
National Fair Housing Alliance Expands Civil Rights Legal Team
“Discrimination in our nation is not a relic of the past,” said NFHA’s President and CEO Lisa Rice. Continue Reading National Fair Housing Alliance Expands Civil Rights Legal Team
CMBS Delinquency Rate Down for Second Straight Month
The only sector to record an uptick in its delinquency rate was lodging, with a 20-basis points spike to 6.43%. Continue Reading CMBS Delinquency Rate Down for Second Straight Month
Residential Property Insurance Costs Soared in 2024 at a Record Rate
The largest percentage increases were recorded in Seattle (+22%), Salt Lake City (+22%) and Los Angeles (+20%). Continue Reading Residential Property Insurance Costs Soared in 2024 at a Record Rate
CFPB Drops 2022 Enforcement Action Against TransUnion
The CFPB opted to continue its 2022 enforcement action against the fintech lender MoneyLion Continue Reading CFPB Drops 2022 Enforcement Action Against TransUnion
Bascom Group Acquires California Apartment Community for $127 Million
Highridge Apartments is an institutionally owned, 1972-vintage property that has undergone significant upgrades over the years. Continue Reading Bascom Group Acquires California Apartment Community for $127 Million
Bank7 Acquires First American Mortgage
First American Mortgage has operated since 1993 and facilitated over $3 billion in funding. Continue Reading Bank7 Acquires First American Mortgage
Island Capital Group Hires Melissa Iorio as Executive Managing Director
Iorio most recently served as head of investor relations at Cohen & Steers, where she helped build the firm’s private real estate business. Continue Reading Island Capital Group Hires Melissa Iorio as Executive Managing Director
Private Equity Firm Takes Ownership Stake in Keller Williams
As part of this transaction, Keller Williams CEO Mark Willis will step down. Continue Reading Private Equity Firm Takes Ownership Stake in Keller Williams
Jonathan Waclawski Returns to NAR as General Counsel
Waclawski replaces Katie Johnson, who stepped down last October. Continue Reading Jonathan Waclawski Returns to NAR as General Counsel
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