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New Jersey in $2.8 Million Settlement with MV Realty Over Dubious ‘Homeowner Benefit Agreements’
More than 1,200 New Jersey residents entered into HBAs, including 140 who paid early termination fees ranging from $575 to $42,000 to get out of them. Continue Reading New Jersey in $2.8 Million Settlement with MV Realty Over Dubious ‘Homeowner Benefit Agreements’
New Jersey in $2.8 Million Settlement with MV Realty Over Dubious ‘Homeowner Benefit Agreements’
More than 1,200 New Jersey residents entered into HBAs, including 140 who paid early termination fees ranging from $575 to $42,000 to get out of them. Continue Reading New Jersey in $2.8 Million Settlement with MV Realty Over Dubious ‘Homeowner Benefit Agreements’
Saudi Arabia Launches First RMBS
Saudi Arabia has moved further into the real estate finance realm with its first residential mortgage-backed securities (RMBS) offering. The Saudi Real Estate Refinance Company (SRC), a Public Investment Fund company, coordinated the offering. In a press statement,...
San Francisco Offers Squatters $5,000 Airbnb Gift Cards to Leave Public Housing Complex
The San Francisco Housing Authority (SFHA) has come up with a new way to evict squatters: give them $5,000 Airbnb gift cards. According to combined media reports, the SFHA has been trying for over a year to remove dozens of households without leases from the decrepit...
Federal Reserve Drama: Wall Street Journal Slams Pulte on GSE Mortgage Fraud Efforts; Second Criminal Referral Against Cook
The editorial board of the Wall Street Journal took a harsh aim at Bill Pulte, director of the Federal Housing Finance Agency (FHFA), for using Fannie Mae and Freddie Mac to target President Trump’s political foes with mortgage fraud accusations while failing to...
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Sen. Warren Leads Lawmakers in Questioning Pulte’s Cryptocurrency Directive to GSEs
The senators also expressed displeasure over Pulte’s conflict of interest in this directive. Continue Reading Sen. Warren Leads Lawmakers in Questioning Pulte’s Cryptocurrency Directive to GSEs
Grant Cardone Seeks CFO for New Endeavor
“Looking for a CFO with REIT experience running a public company to take Cardone Capital public,” Cardone wrote on his X page. Continue Reading Grant Cardone Seeks CFO for New Endeavor
Canada Invests $81.5 Million into New 159-Unit Development in Toronto
The nine-story development at 3101 Bathurst Street Vivant at Bedford Park will be developed by Medallion Corporation. Continue Reading Canada Invests $81.5 Million into New 159-Unit Development in Toronto
Thompson Thrift Endows $1.4 Million Gift to Indiana State University
Thompson Thrift noted that 15% of its team are counted among ISU alumni, including co-founders and CEOs Paul Thrift and John Thompson. Continue Reading Thompson Thrift Endows $1.4 Million Gift to Indiana State University
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Find insights, information, tools, perspectives, and trends written by experts and published exclusively on WRE News.
New Platform Seeks to Expand Real Estate Investing in South Africa
RESCI claims that its deals “typically offer a minimum of 10% interest per year over a 20-year bond term.” Continue Reading New Platform Seeks to Expand Real Estate Investing in South Africa
Hits and Misses for the Real Estate Week of Jan. 6-10
A last-minute slew of Biden administration lawsuits, a special advisor for the NAR chief and Justin Trudeau opens the Exit door. Continue Reading Hits and Misses for the Real Estate Week of Jan. 6-10
Report: NY Governor to Propose Limiting Hedge Fund Purchasing of Single-Family Homes
“Shadowy private equity giants are buying up the housing supply in communities across New York, leaving everyday homeowners with nowhere to turn,” said Hochul. Continue Reading Report: NY Governor to Propose Limiting Hedge Fund Purchasing of Single-Family Homes
SBA Makes Disaster Loans Available to Los Angeles County Homeowners and Businesses
Disaster loans of up to $500,000 are available to homeowners to repair or replace damaged or destroyed real estate. Continue Reading SBA Makes Disaster Loans Available to Los Angeles County Homeowners and Businesses
Morgan Properties Acquires First Community in Kentucky
Built in 2005-2006, the property maintains a 96% occupancy rate. Continue Reading Morgan Properties Acquires First Community in Kentucky
Mike Rawls to Step Down as Xome’s CEO
Chris Marshall, former vice chairman and president at Mr. Cooper, will succeed Rawls. Continue Reading Mike Rawls to Step Down as Xome’s CEO
Industrial Property Vacancy Rate Up in Q4
Quarterly new leasing activity totaled approximately 130 msf in the fourth quarter and was down 15.7% compared to one year ago. Continue Reading Industrial Property Vacancy Rate Up in Q4
Redfin Lays Off 46 Employees
The company stated that none of its agents were laid off. Continue Reading Redfin Lays Off 46 Employees
Macy’s and Kohl’s Announce Store Closures
“Closing any store is never easy,” said Tony Spring, chairman and CEO of Macy’s Inc. Continue Reading Macy’s and Kohl’s Announce Store Closures
Teresa Carlile Named President at Ridgeland Mortgage
Carlile was previously operations manager for business insurance at Travelers. Continue Reading Teresa Carlile Named President at Ridgeland Mortgage
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