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2 Mexican Nationals Arrested for Fraudulent Home Sales
Victor Hugo Villalobos Almazan and Nayeli Noemi Montoya Rodriguez pretended to be the owners of vacant or undeveloped plots of real estate. Continue Reading 2 Mexican Nationals Arrested for Fraudulent Home Sales
2 Mexican Nationals Arrested for Fraudulent Home Sales
Victor Hugo Villalobos Almazan and Nayeli Noemi Montoya Rodriguez pretended to be the owners of vacant or undeveloped plots of real estate. Continue Reading 2 Mexican Nationals Arrested for Fraudulent Home Sales
UBS in $300 Million Settlement Over Credit Suisse RMBS Case
UBS (NYSE: UBS) has agreed to a $300 million settlement with the Department of Justice that will settle the legacy Credit Suisse case regarding the improper sales of residential mortgage-backed securities (RMBS) prior to the 2008 financial crisis. The...
Hits and Misses for the Real Estate Week of July 28-Aug. 1
The Fed ignores the president, FICO lobbies Congress, and Grant Cardone needs a CFO. From the wild and wooly world of real estate, here are our Hits and Misses for the week of July 28-Aug. 1. Miss: If You Can’t Say Something Nice. For the past several weeks, President...
FICO Chief Pushes Back at Pulte Criticism Over Pricing and ‘Monopoly’ Status
The chief executive of Fair Isaac (NYSE: FICO) has a bone to pick with Bill Pulte after the Federal Housing Finance Agency director claimed the company unfairly hiked its prices and was operating like a monopoly. In an interview with CNBC, FICO CEO Will Lansing...
NEWS & CURRENT EVENTS
Joseph Yi Named Chief Investment Officer at Palette Hotels
Yi previously held chief investment officer roles at Frontier Development & Hospitality Group and Real Hospitality Group. Continue Reading Joseph Yi Named Chief Investment Officer at Palette Hotels
Mortgage Rates in Mild Decline
The 30-year fixed-rate mortgage averaged 6.85% as of June 5, down from last week when it averaged 6.89%. Continue Reading Mortgage Rates in Mild Decline
Wyoming Lawmakers Consider Abolishing Property Taxes
Sen. Bob Ide, a Republican, advocated for the ending of all property taxes – residential, commercial, industrial and personal. Continue Reading Wyoming Lawmakers Consider Abolishing Property Taxes
Housing Inventory Surpasses 1 Million Homes for the First Time Since Winter of 2019
19.1% of listings featured reduced prices, the highest share for any May since at least 2016. Continue Reading Housing Inventory Surpasses 1 Million Homes for the First Time Since Winter of 2019
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Chris Knapp Named President at Proper Rate
He comes to Proper Rate from Wintrust Mortgage, where he was an associate vice president. Continue Reading Chris Knapp Named President at Proper Rate
Thomas J. Henry Named Co-Chair of Real Estate Practice at Weil, Gotshal & Manges
He was previously co-managing partner at Willkie Farr & Gallagher’s New York City office. Continue Reading Thomas J. Henry Named Co-Chair of Real Estate Practice at Weil, Gotshal & Manges
Redfin: Newly Built Apartments Are Filling at Slowest Pace in 4 Years
There were 90,260 new apartments completed in the fourth quarter, the second highest number in records dating back to 2012. Continue Reading Redfin: Newly Built Apartments Are Filling at Slowest Pace in 4 Years
Morgan Properties Acquires 11-Multifamily Property Portfolio Across Pennsylvania
The financial terms of the deal were not disclosed. Continue Reading Morgan Properties Acquires 11-Multifamily Property Portfolio Across Pennsylvania
Thompson Thrift to Develop Atlanta-Area Multifamily Community
The Levi will encompass roughly 15 acres within the 158-acre master-planned community of Bridges at Jodeco. Continue Reading Thompson Thrift to Develop Atlanta-Area Multifamily Community
Hits and Misses for the Real Estate Week of June 24-28
This week’s Hits and Misses include the presidential debate, a growing disenchantment with homeownership and an effort to repopulate rural Italy. Continue Reading Hits and Misses for the Real Estate Week of June 24-28
Bank of America Economist: Housing Market is ‘Stuck’ Until at Least 2026
“This will take many years to work itself out – there isn’t a magic fix,” said Michael Gapen. Continue Reading Bank of America Economist: Housing Market is ‘Stuck’ Until at Least 2026
Investors to Receive $2.1 Million of the $33 Million Lost in Real Estate Fraud
Wong and Soo were accused of inflating the purchase price of a property and lying about it to investors. Continue Reading Investors to Receive $2.1 Million of the $33 Million Lost in Real Estate Fraud
Supreme Court Rules Cities Can Ban Outdoor Sleeping Encampments
“Homelessness is complex,” wrote Justice Neil Gorsuch for the majority ruling. Continue Reading Supreme Court Rules Cities Can Ban Outdoor Sleeping Encampments
Marilyn Monroe’s Final Home Declared a Cultural Landmark
The property’s owners are suing the city to overturn the designation. Continue Reading Marilyn Monroe’s Final Home Declared a Cultural Landmark
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