Featured Real Estate News
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
Las Vegas Realtors President Refuses to Resign After Board Calls for Him to Step Down
The president of the Las Vegas Realtors is refusing to resign after the organization’s board of directors voted to demand he step down. The Las Vegas Review-Journal, sourcing its coverage from unnamed “multiple sources,” reports the board voted 6-5 last week to call...
Minnesota Real Estate Investor Sentenced for $420 Million Bank Fraud Scheme
Matthew Thomas Onofrio, a Minnesota real estate investor who previously worked as a nurse anesthetist, was sentenced to 36 months in federal prison for carrying out a $420 million bank fraud scheme. According to the charges against him, Onofrio used online...
Report: Home Price Appreciation Up During November
The median sale price on homes during November was $385,000, according to a data report from Homes.com. This marked a $9,120 or 2.4% year-over-year rise and a continuation of the 10-month stretch where median prices are between $375,000 and $395,000. Across the nearly...
News & Current Events
Hospitality Capital Partners Acquires 5 Arizona Hotels for $72 Million
With this transaction, HCP’s portfolio now exceeds 1,500 rooms. Continue Reading Hospitality Capital Partners Acquires 5 Arizona Hotels for $72 Million
Architects Urge New Designer on White House East Wing Ballroom to Reject the Project’s Commission
Shalom Baranes Associates replaced James McCrery, who stepped down as the project’s original architect in October. Continue Reading Architects Urge New Designer on White House East Wing Ballroom to Reject the Project’s Commission
HUD Investigates Affordable Housing Discrimination Against Whites in Boston
“As you are aware, the Trump administration is dedicated to protecting the civil rights of all Americans,” said HUD’s Craig Trainor in his letter. Continue Reading HUD Investigates Affordable Housing Discrimination Against Whites in Boston
Recent Posts
Texas Gov. Abbott Proposes Tax Relief Plan
Peachtree Group Taps Mike Morey as EVP for Capital Markets
Activist Investor Withdraws Demand for Board Change at CoStar Group
Interra Capital Group Acquires Houston’s Greenway Plaza Office Campus
National Mortgage Bankers Promotes Yasser Valdes Herrera to President of Am…
Popular Articles
Exclusive News
Pending Home Sales in Mid-Atlantic Region Up by Nearly 40%
“Falling mortgage rates could give the housing market a boost this spring,” said Dr. Lisa Sturtevant, chief economist at Bright MLS. Continue Reading Pending Home Sales in Mid-Atlantic Region Up by Nearly 40%
Blackstone Acquires Texas Industrial Portfolio for $718 Million
The portfolio consists of 25 Class A buildings totaling 6 million square feet. Continue Reading Blackstone Acquires Texas Industrial Portfolio for $718 Million
DR Horton Begins Pre-Selling New Community in Texas
The company added that pricing on the lots begin in the high $300,000s. Continue Reading DR Horton Begins Pre-Selling New Community in Texas
Terreno Realty Corporation Acquires Washington Industrial Property for $9.3 Million
The property is 100% leased on a short-term basis. Continue Reading Terreno Realty Corporation Acquires Washington Industrial Property for $9.3 Million
Shane Paladin Out as SmartRent Chief Executive After Two Months
John Dorman, chairman of the board, has been appointed interim CEO. Continue Reading Shane Paladin Out as SmartRent Chief Executive After Two Months
30-Year Fixed-Rate Mortgage Down for 12th Straight Week
The 15-year fixed-rate mortgage averaged 5.82%, unchanged from last week. Continue Reading 30-Year Fixed-Rate Mortgage Down for 12th Straight Week
Foreclosure Activity Up During Q1
Lenders repossessed 9,691 properties through foreclosure (REO) in first quarter. Continue Reading Foreclosure Activity Up During Q1
Chicago Real Estate Broker Sentenced for $3 Million Investor Fraud
In addition to his prison sentence, Sannikov must pay $2.19 million in remaining restitution to four victims. Continue Reading Chicago Real Estate Broker Sentenced for $3 Million Investor Fraud
St. Louis Man Pleads Guilty to Mortgage Fraud Scams
Edward James Mitchell Jr. is scheduled to be sentenced on July 8. Continue Reading St. Louis Man Pleads Guilty to Mortgage Fraud Scams