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Ex-Credit Union Loan Officer Sentenced in HELOC Scheme
A former credit loan officer in Massachusetts was sentenced to 18 months in prison, followed by two years of supervised release, for defrauding his employer out of almost $1 million. According to the charges brought against him, Brian Socha was employed at MassMutual...
Ex-Credit Union Loan Officer Sentenced in HELOC Scheme
In addition to his prison term, Brian Socha was also ordered to pay $902,541.15 in restitution for bank fraud. Continue Reading Ex-Credit Union Loan Officer Sentenced in HELOC Scheme
Report: NFL’s Chiefs to Relocate from Missouri to New Domed Stadium in Kansas
The Kansas City Chiefs will announce their plans to relocate across state lines from Kansas City, Missouri, to the same-named city in Kansas. The Kansas City Star, sourcing its coverage from unnamed “sources who asked not to be named because they were not authorized...
Trump Suspends Leases on 5 Offshore Wind Projects
The Trump administration has suspended the leases on five offshore wind projects, citing alleged national security concerns. According to combined media reports, the projects are Vineyard Wind 1, Revolution Wind, Coastal Virginia Offshore Wind, Sunrise Wind and Empire...
Pennsylvania Home Sales Down While Prices Keep Rising
A total of 9,200 homes were sold in Pennsylvania during November, a roughly 2% decline from the 9,380 sales recorded one year ago. On a month-over-month measurement, sales dropped 17% from October’s total 11,174 transactions. According to the Pennsylvania Association...
News & Current Events
Federal Home Loan Bank of New York Invests $225 Million in NYC Affordable Housing Initiative
Last June, the FHLBNY and the HDC partnered on a $150 million bond purchase in support of more than 2,250 homes across HDC programs. Continue Reading Federal Home Loan Bank of New York Invests $225 Million in NYC Affordable Housing Initiative
Teen Daughter of Geneva Financial’s Owners to Compete in F1 Academy Racing Season
MoneyGram Haas F1 Team has announced that Kaylee Countryman will represent the squad in next season’s F1 Academy Continue Reading Teen Daughter of Geneva Financial’s Owners to Compete in F1 Academy Racing Season
Trump Economic Adviser: ‘The Whole Cabinet’ Working to Address Housing Issues
“We have got, like, everybody in the whole Cabinet working on trying to get housing to be more affordable,” Kevin Hassett said. Continue Reading Trump Economic Adviser: ‘The Whole Cabinet’ Working to Address Housing Issues
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Nora Creedon Named CEO at Starwood Real Estate Income Trust
She will succeed Sean Harris who is stepping down to pursue other opportunities. Continue Reading Nora Creedon Named CEO at Starwood Real Estate Income Trust
Bastyr University Plans to Sell Seattle-Area Campus
Once a full or partial sale occurs, Bastyr University plans to relocate to a new campus in the Seattle area. Continue Reading Bastyr University Plans to Sell Seattle-Area Campus
Yearlong Listing for Frank Lloyd Wright House in Michigan Finally Sells After $1 Million Price Cut
The sellers acquired the property in 2012 for $200,000 and spent $800,000 in renovations and updates to the residence, which was built in 1950. Continue Reading Yearlong Listing for Frank Lloyd Wright House in Michigan Finally Sells After $1 Million Price Cut
Dick’s Sporting Goods Acquires Foot Locker for $2.4 Billion
The acquisition announcement was not accompanied by news of potential store closings. Continue Reading Dick’s Sporting Goods Acquires Foot Locker for $2.4 Billion
Study: Abandoned Residential Properties Could be Worth Over $150 Billion
The so-called “zombie foreclosures” numbered over 7,000 as of the end of the fourth quarter of 2024. Continue Reading Study: Abandoned Residential Properties Could be Worth Over $150 Billion
Construction Begins on 42-Unit Boston Affordable Housing Community
Talbot Commons II will be the second phase of the larger Talbot Commons project, which broke ground in 2020. Continue Reading Construction Begins on 42-Unit Boston Affordable Housing Community
Bank of America to Open 150 New Financial Centers
The bank opened a new flagship financial center at 2 Bryant Park in New York City. Continue Reading Bank of America to Open 150 New Financial Centers
Grassroots Movement Seeks to Abolish Ohio’s Property Taxes
Gov. Mike DeWine opposes this initiative. Continue Reading Grassroots Movement Seeks to Abolish Ohio’s Property Taxes
Mortgage Application Activity and Delinquencies Are Rising
The refinance share of mortgage activity decreased to 36.4% of total applications from 37.1% the previous week. Continue Reading Mortgage Application Activity and Delinquencies Are Rising