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
FHFA Announces 2026 Multifamily Loan Caps
The Federal Housing Finance Agency (FHFA) announced the 2026 multifamily loan purchase caps for Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC) will be $88 billion for each entity, for a combined total of $176 billion to support the multifamily market. In an...
RealPage Reaches Settlement with DOJ Over Rent Collusion Case
The property management software company RealPage Inc. has agreed to a proposed settlement with the US Department of Justice (DOJ) that will resolve charges that the company’s revenue management product was improperly used by multifamily property owners to collude in...
Real Estate Finance Firm KV Capital Expands to Toronto
The Alberta-based real estate finance firm and investment manager KV Capital has continued its expansion across Canada with the opening of an office in Toronto. The new office is the company’s third location, joining its Edmonton headquarters that opened in 2006 and a...
News & Current Events
CFPB to Continue Regulatory Operations into 2026
Last week, the White House nominated Stuart Levenbach, an associate director in the Office of Management and Budget, to become the next CFPB director. Continue Reading CFPB to Continue Regulatory Operations into 2026
Report: Near-Empty San Francisco Centre Evicting the Remaining Retail Tenants
The 1.5 million-square-foot mall was foreclosed on last week, selling for $134 million. Continue Reading Report: Near-Empty San Francisco Centre Evicting the Remaining Retail Tenants
Colin Fitzgibbons, President of Hunt Realty Investments, Dies at 46
Prior to his career in real estate, he was a sports reporter for the Washington Post. Continue Reading Colin Fitzgibbons, President of Hunt Realty Investments, Dies at 46
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Multifamily Developers Express Mixed Views on Market
NAHB Chief Economist Robert Dietz is projecting “multifamily construction will decline again in the first half of 2025.” Continue Reading Multifamily Developers Express Mixed Views on Market
Mortgage Rates in Further Decline
The 30-year fixed-rate mortgage averaged 6.87% as of Feb. 13. Continue Reading Mortgage Rates in Further Decline
Real Estate Investment Firm Head Pleads Guilty to $62.8 Million Fraud Scheme
Elie Schwartz pleaded guilty to one count of wire fraud and faces a maximum penalty of 20 years in prison. Continue Reading Real Estate Investment Firm Head Pleads Guilty to $62.8 Million Fraud Scheme
Democrat Leaders Urge Federal Reserve and Regulators Not to Work with Elon Musk’s DOGE
“Early evidence suggests the Trump Administration and DOGE are violating the US Constitution and a variety of laws,” the lawmakers wrote. Continue Reading Democrat Leaders Urge Federal Reserve and Regulators Not to Work with Elon Musk’s DOGE
UK Government Plans to Build Up to 12 New Towns to Alleviate Housing Shortage
“We’re urgently using all levers available to build the homes we need so more families can get on the housing ladder,” said Prime Minister Keir Starmer. Continue Reading UK Government Plans to Build Up to 12 New Towns to Alleviate Housing Shortage
Nevada Governor Seeks State Resolution Calling to Release Federal Land for Housing
“Projections indicate that Washoe County could run out of developable land by 2027,” said Gov. Lombardo. Continue Reading Nevada Governor Seeks State Resolution Calling to Release Federal Land for Housing
Ukraine Records First Real Estate Purchase by Western Private Fund Since Russian Invasion
The Amsterdam-based Arcona Property Fund (APF) acquired a land plot in central Kyiv for $2 million. Continue Reading Ukraine Records First Real Estate Purchase by Western Private Fund Since Russian Invasion
Redfin to Lay Off 450 Employees Following Partnership with Zillow
The Seattle-based company did not release a press statement on the layoffs. Continue Reading Redfin to Lay Off 450 Employees Following Partnership with Zillow
Craft Retailer Jo-Ann Plans to Close 500 Stores
The company blamed rising inflation and the disruptions created by the Covid-19 pandemic for its current financial difficulties. Continue Reading Craft Retailer Jo-Ann Plans to Close 500 Stores