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Report: DOJ and FBI Probing Pulte for Possible Misconduct in Mortgage Fraud Referrals
Pulte did not issue any public response to the story. Continue Reading Report: DOJ and FBI Probing Pulte for Possible Misconduct in Mortgage Fraud Referrals
Report: DOJ and FBI Probing Pulte for Possible Misconduct in Mortgage Fraud Referrals
Pulte did not issue any public response to the story. Continue Reading Report: DOJ and FBI Probing Pulte for Possible Misconduct in Mortgage Fraud Referrals
Wells Fargo CEO Charles Scharf to Become Chairman of the Board
Wells Fargo & Company (NYSE: WFC) has announced CEO Charlie Scharf will become the chairman of the board. When Scharf becomes chairman, the Wells Fargo board intends to appoint a lead independent director. Scharf will receive a one-time special equity grant...
Q2 Commercial and Multifamily Mortgage Originations Up 66% from Last Year
Commercial and multifamily mortgage loan originations during the second quarter were up by 48% from the first quarter and up 66% from one year earlier, according to data from the Mortgage Bankers Association (MBA). On a year-over-year measurement, there was a 140%...
The Link at Uptown, Dallas Office Property, Sells for $218 Million
The Link at Uptown, a Class AA office tower in the Uptown submarket of Dallas, has been sold for $218 million. Built in 2021, the 25-story Link at Uptown totals 292,000 square feet and features a tenant base that includes Houlihan Lokey, PMG and McGuireWoods. The...
NEWS & CURRENT EVENTS
New Forecast Warns of Severe Drop in Boston’s Office Property Tax Revenues
The forecast predicted the city government will need to enact a residential property tax rate hike between 1.27% and 1.38% to fill the revenue gap over the coming five years. Continue Reading New Forecast Warns of Severe Drop in Boston’s Office Property Tax Revenues
Merger Between Property Management Divisions of Alfred and Quarterra
Brad Greiwe, CEO of Quarterra, will join the Alfred board of directors. Continue Reading Merger Between Property Management Divisions of Alfred and Quarterra
Hits and Misses for the Real Estate Week of June 2-6
Different strategies for financing new stadiums, problematic approaches to cutting property taxes, and a misguided attempt to generate five-star online reviews. Continue Reading Hits and Misses for the Real Estate Week of June 2-6
Sen. Warren Slams Rocket Companies’ Acquisitions, GSE Privatization
She asked why the DOJ and FTC are not investigating Rocket’s recent acquisitions. Continue Reading Sen. Warren Slams Rocket Companies’ Acquisitions, GSE Privatization
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WEEKLY REAL ESTATE NEWS EXCLUSIVE ARTICLES
Find insights, information, tools, perspectives, and trends written by experts and published exclusively on WRE News.
California Home Sales Edged Lower in June
The million-dollar-and-higher market segment rose year-over-year in June by 2%. Continue Reading California Home Sales Edged Lower in June
Proposed Law Would Require Air Conditioning for All NYC Tenants
Roughly 350 New Yorkers die from heat-related illnesses each summer. Continue Reading Proposed Law Would Require Air Conditioning for All NYC Tenants
HUD Proposes New Rule for Governing FHA Mortgage Note Sales
HUD is requesting public comment on its proposal by Sept. 16. Continue Reading HUD Proposes New Rule for Governing FHA Mortgage Note Sales
Canadian Housing Starts Down 9% in June
Montreal housing starts soared by 226% June year-over-year. Continue Reading Canadian Housing Starts Down 9% in June
Insurtech Embroker Offers Coverage Program for Real Estate Agents and Brokers
“Real estate as a profession is facing radical change,” said CEO Ben Jennings. Continue Reading Insurtech Embroker Offers Coverage Program for Real Estate Agents and Brokers
Motto Mortgage Opens First New Hampshire Office
The new office was established by David Duplessis, who brings 35 years of industry experience. Continue Reading Motto Mortgage Opens First New Hampshire Office
Waltz, a Fintech Start-Up, Offers Platform for Foreign Investors in US Residential Real Estate
“Investing in anything nowadays takes just a few clicks, unless you’re a foreign citizen investing in U.S. property,” said Yuval Golan, founder and CEO of Waltz. Continue Reading Waltz, a Fintech Start-Up, Offers Platform for Foreign Investors in US Residential Real Estate
Foreign Buyers Purchasing Fewer (But More Expensive) US Existing Homes
At $1.3 million, Chinese buyers had the highest average purchase price. Continue Reading Foreign Buyers Purchasing Fewer (But More Expensive) US Existing Homes
Single-Family Housing Starts Down in June
Single-family housing completions in June were at a rate of 1.03 million, which is 1.8% above the revised May rate of 1.01 million. Continue Reading Single-Family Housing Starts Down in June
North Carolina Regional MLS Expands into Georgia
North Carolina Regional MLS (NCRMLS) has expanded into Georgia with the strategic additions of Savannah MLS, Athens Area Association of Realtors & Classic MLS, and the Realtors of Greater Augusta. NCRMLS is a wholesale cooperative multiple listing service used by...
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