Featured Real Estate News
First Community Credit Union Acquires Houston Office Tower as New HQ
First Community Credit Union (FCCU) has purchased the former Noble Energy Center Two, a Class A Houston office tower, to become the future home of its new corporate headquarters. The 20-story tower was built in 2015 and encompasses approximately 470,623 rentable...
First Community Credit Union Acquires Houston Office Tower as New HQ
The financial terms of the purchase were not disclosed. Continue Reading First Community Credit Union Acquires Houston Office Tower as New HQ
UWM Acquires REIT Two Harbors Investment Corp. for $1.3 Billion
UWM Holdings Corporation (NYSE: UWMC), the parent of United Wholesale Mortgage (UWM), is acquiring Two Harbors Investment Corp. (NYSE: TWO), a real estate investment trust, in an all-stock transaction for $1.3 billion. Two Harbors is one of the nation’s largest...
Mortgage Application Activity Down by Nearly 4%
Mortgage application activity slowed during the week ending Dec. 12, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, was down by 3.8% on a seasonally adjusted basis from...
Former Deloitte Executive Kenny M. Smith Named CEO at Freddie Mac
Freddie Mac (OTCQB: FMCC) announced the appointment of Kenny M. Smith as CEO, effective today. He also will serve as a member of the company’s board of directors. The previous CEO, Biden-appointee Diane Reid, was fired in March by Bill Pulte, the Federal Housing...
News & Current Events
Vermont Governor Seeks to Use State Surplus Revenue to Cut Proposed Property Tax Hike
Vermont Gov. Phil Scott is seeking to use surplus state funds to reduce a projected 12% property tax hike slated for 2026, but the Republican governor is getting pushback from some Democratic legislators over his plan. Vermont Public reports Scott’s administration...
Brazil to Conduct Real Estate Auction Using Blockchain Technology
The Brazilian auction market has been disrupted with altered documents, fake websites, and inconsistent public records. Continue Reading Brazil to Conduct Real Estate Auction Using Blockchain Technology
Mark E. Patten to Become CFO at Sun Communities
Patten will succeed Fernando Castro-Caratini, who will transition into an advisory role with the company. Continue Reading Mark E. Patten to Become CFO at Sun Communities
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Exclusive News
Mark Skender, Former CEO of Chicago’s Skender Construction, Dies at 61
Most recently, Skender served as president and co-founder of RaaP. Continue Reading Mark Skender, Former CEO of Chicago’s Skender Construction, Dies at 61
Lenders Offering Creative Financing Options
To address affordability issues due to higher rates, some lenders are advancing creative financing offers to their borrowers and the real estate agents who serve them. Continue Reading Lenders Offering Creative Financing Options
More Down Payment Assistance Programs Introduced During Q1
A total of 990 programs (39%) were offered through local housing finance agencies. Continue Reading More Down Payment Assistance Programs Introduced During Q1
HGTV’s Tarek El Moussa Says He Earns $675,000 a Month from House Flipping
“With the last few years, everything going on, I really got super hyper-focused,” El Moussa said. Continue Reading HGTV’s Tarek El Moussa Says He Earns $675,000 a Month from House Flipping
Mortgage Forbearance Levels Down Slightly in March
The five states with the highest share of loans that were current as a percent of servicing portfolio are Washington, Idaho, Alaska, Oregon, and Colorado. Continue Reading Mortgage Forbearance Levels Down Slightly in March
Democrats Reintroduce Housing for All Act to Address Homelessness
“Housing is a basic human right, not a privilege,” said Sen. Alex Padilla. Continue Reading Democrats Reintroduce Housing for All Act to Address Homelessness
Mary Lee Blaylock Named Brokerage President at Sotheby’s International Realty
Blaylock previously served as senior vice president of HomeServices of America Inc., a Berkshire Hathaway affiliate. Continue Reading Mary Lee Blaylock Named Brokerage President at Sotheby’s International Realty
FHFA Director Pulte Offers Mixed Messaging on the Regulator’s Operations
The messages were all posted to Pulte’s personal X account, which he has used exclusively for communications purposes since becoming appointed as FHFA director. Continue Reading FHFA Director Pulte Offers Mixed Messaging on the Regulator’s Operations
JPMorgan Chase Expands Size of San Francisco Regional HQ
The bank will lease an additional 65,000 square feet at 560 Mission Street. Continue Reading JPMorgan Chase Expands Size of San Francisco Regional HQ