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Report: Grand Jury Refuses to Indict Letitia James in Mortgage Fraud Case
“This should be the end of this case,” said Abbe Lowell, James’ attorney. Continue Reading Report: Grand Jury Refuses to Indict Letitia James in Mortgage Fraud Case
Report: Grand Jury Refuses to Indict Letitia James in Mortgage Fraud Case
“This should be the end of this case,” said Abbe Lowell, James’ attorney. Continue Reading Report: Grand Jury Refuses to Indict Letitia James in Mortgage Fraud Case
Interior Dept. Proposes Junking Biden-Era Conservation Rule on Public Lands
The Department of the Interior has proposed the rescinding of the Bureau of Land Management’s (BLM) 2024 Public Lands Rule, which was designed to conserve more public land rather than open these spaces to development. The department argues the Public Lands Rule...
MISMO Publishes Standard for Electronic HELOCs
MISMO, the real estate finance industry's standards organization, has published the SMART Doc V3 eHELOC Specification, a standard designed to address the requests for natively created electronic documents to support the growth of home equity lines of credit (HELOCs)....
Senate Banking Committee Approves Miran’s Nomination for Fed Board
The Senate Banking Committee voted 13-11 along party lines to advance President Trump’s nomination of Stephen Miran to fill a vacancy on the Federal Reserve Board of Governors. Miran, who is chairman of the Council of Economic Advisors, would replace Adriana Kugler,...
NEWS & CURRENT EVENTS
Pending Home Sales Down During June
The Northeast recorded a 2.1% uptick in pending home sales from May but remained unchanged from June 2024. Continue Reading Pending Home Sales Down During June
Report: FICO Increases DC Lobbying Efforts Following Attacks by FHFA’s Pulte
John McMickle of North South Government Strategies started work last week as a FICO lobbyist. Continue Reading Report: FICO Increases DC Lobbying Efforts Following Attacks by FHFA’s Pulte
Mortgage Application Activity Slows Down
“Mortgage applications fell to their lowest level since May,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Slows Down
CoStar Group Files Copyright Infringement Lawsuit Against Zillow
CoStar alleged that Zillow published over 46,000 of its copyright protected images, with many still bearing the CoStar watermark. Continue Reading CoStar Group Files Copyright Infringement Lawsuit Against Zillow
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WEEKLY REAL ESTATE NEWS EXCLUSIVE ARTICLES
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Redevelopment Plan for Detroit’s Renaissance Center Calls for Demolishing Two Towers
The plan involves $250 million in state support and $100 million from Detroit’s Downtown Development Authority. Continue Reading Redevelopment Plan for Detroit’s Renaissance Center Calls for Demolishing Two Towers
Maine Lawmaker Seeks Property Tax Assessment Cap for Seniors
“We’ve got to figure out a way to help [older Mainers] that’s very direct,” said State Sen. Joe Baldacci. Continue Reading Maine Lawmaker Seeks Property Tax Assessment Cap for Seniors
Paris Cracks Down on Short-Term Rentals, Citing Housing Shortage
There are an estimated 25,000 apartments in Paris that are now available for unauthorized short-term rentals. Continue Reading Paris Cracks Down on Short-Term Rentals, Citing Housing Shortage
$295 Million Sale of Warsaw Unit Marks Europe’s Biggest Office Property Transaction This Year
The property was sold by the Belgian developer Ghelamco to the Swedish investment firm Eastnine AB. Continue Reading $295 Million Sale of Warsaw Unit Marks Europe’s Biggest Office Property Transaction This Year
Woman at Center of North Carolina Deed Theft Case Continuing Her Scams
A woman who gained notoriety for attempting a deed theft scam on the mansion of a dentist in Raleigh, North Carolina, has obviously not learned any lessons from her miscreant shenanigans. WRAL reported that Dawn Mangum was arrested and charged with felony last...
Mortgage Rates Stay Flat Ahead of Holiday Weekend
The 30-year fixed-rate mortgage averaged 6.81% as of Nov. 27. Continue Reading Mortgage Rates Stay Flat Ahead of Holiday Weekend
Diana Whitmire Named Chief Operations Officer at Diamond Residential Mortgage Corp.
Whitmire has been with DRMC since its inception in 2009. Continue Reading Diana Whitmire Named Chief Operations Officer at Diamond Residential Mortgage Corp.
Pending Home Sales Up for Third Straight Month
All four major regions experienced month-over-month gains in transactions. Continue Reading Pending Home Sales Up for Third Straight Month
Mortgage Application Activity Rises by 6.3%
The refinance share of mortgage activity decreased to 38.8% of total applications from 41% the previous week. Continue Reading Mortgage Application Activity Rises by 6.3%
Sterling Organization Sells Charlotte-Area Retail Center for $70 Million
The 661,156-square-foot retail center was completed in 1987 and underwent a $16 million renovation between 2012 and 2014. Continue Reading Sterling Organization Sells Charlotte-Area Retail Center for $70 Million
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