Featured Real Estate News
Miami Real Estate Developer Indicted for $85 Million Fraud Scheme
A Miami real estate developer has been indicted in federal court for orchestrating an $85 million fraud scheme, failing to pay millions in taxes, and lying to financial institutions to obtain funds to purchase a luxury yacht. According to court documents, Rishi Kapoor...
Miami Real Estate Developer Indicted for $85 Million Fraud Scheme
The US Securities and Exchange Commission also filed a separate civil action against Rishi Kapoor. Continue Reading Miami Real Estate Developer Indicted for $85 Million Fraud Scheme
Ground Broken on 365-Unit Multifamily Community in Aurora, Colorado
A joint venture between multifamily developer Wood Partners and real estate investment manager Clarion Partners officially broke ground on Alta Metro Center in Aurora, Colorado. The 365-unit project encompasses a quartet of four-story buildings featuring a mix of...
MISMO Names Amy Moses as VP of Strategic Growth
MISMO, the real estate finance industry's standards organization, has hired Amy Moses as vice president of strategic growth. In this role, Moses will lead MISMO’s growth and revenue strategy, drive expanded industry engagement, and cultivate strategic partnerships...
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...
News & Current Events
Mortgage Application Activity Down by Nearly 4%
The FHA share of total applications decreased to 19.5% from 20.2% the week prior. Continue Reading Mortgage Application Activity Down by Nearly 4%
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...
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...
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Exclusive News
Travis Kelce Refutes Rumor of Buying Mansion for Homeless Youth Center
“Some false claims were thrown out there that I was doing something in the community that I was not,” said Kelce. Continue Reading Travis Kelce Refutes Rumor of Buying Mansion for Homeless Youth Center
Advisory Panel Recommends No Property Tax Increase for Maryland
State Treasurer Dereck Davis pointed to “difficult, trying times” for Maryland homeowners. Continue Reading Advisory Panel Recommends No Property Tax Increase for Maryland
Survey: 70% of Homeowners Think This is a Good Time to Sell Their Properties
81% of respondents think they will get their asking price or more. Continue Reading Survey: 70% of Homeowners Think This is a Good Time to Sell Their Properties
360training.com Acquires My Mortgage Trainer
360training.com Inc., an online provider of regulatory-approved training and compliance solutions, has acquired My Mortgage Trainer, an NMLS-approved provider of mortgage education and compliance training. The financial terms of the transaction were not disclosed. The...
Hits and Misses for the Real Estate Week of April 7-11
Selling stocks to buy a house, the continued delay on confirming the new CFPB director, and layoffs at Fannie Mae. Continue Reading Hits and Misses for the Real Estate Week of April 7-11
Kansas Real Estate Agent Indicted for Tax Evasion and Wire Fraud
By 2020, Michelle O’Connor owed the IRS nearly $500,000 in taxes, penalties, and interest. Continue Reading Kansas Real Estate Agent Indicted for Tax Evasion and Wire Fraud
Cincinnati Bengals Want $350 Million from Ohio to Renovate Stadium
The NFL’s Cincinnati Bengals and the commissioners of Ohio’s Hamilton County are asking the state government for $350 million for what they describe as an “overhaul of Paycor Stadium.” The Cincinnati Business Courier reports the requested money would cover 42% of an...
New Jersey Shopping Plaza Sells for $44 Million
The property is approximately 90% leased and anchored by Aldi, Burlington and Urban Air. Continue Reading New Jersey Shopping Plaza Sells for $44 Million
Finland Passes Law Banning Russians from Buying Real Estate
Minister of Defense Antti Häkkänen said, “This decision sends a clear message — we will not allow Finland to be undermined.” Continue Reading Finland Passes Law Banning Russians from Buying Real Estate