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Letitia James Seeks to Dismiss Mortgage Fraud Case, Citing Legality of Trump-Picked Prosecutor
James was indicted on two felony charges of bank fraud and making false statements to a financial institution. Continue Reading Letitia James Seeks to Dismiss Mortgage Fraud Case, Citing Legality of Trump-Picked Prosecutor
Letitia James Seeks to Dismiss Mortgage Fraud Case, Citing Legality of Trump-Picked Prosecutor
James was indicted on two felony charges of bank fraud and making false statements to a financial institution. Continue Reading Letitia James Seeks to Dismiss Mortgage Fraud Case, Citing Legality of Trump-Picked Prosecutor
Fed Governor Waller: ‘We’re in the Position’ to Cut Rates
Federal Reserve Governor Christopher Waller has declared the central bank should be able to cut rates again as early as July. In an interview this morning on CNBC, Waller stated that tariffs are not likely to fuel an inflationary spike. He urged the Fed to move slowly...
Bayview Asset Management Acquires Guild Holdings for $1.3 Billion
The San Diego-based mortgage lender Guild Holdings Company (NYSE: GHLD) has announced it is being acquired by a fund managed by Bayview Asset Management LLC in an all-cash transaction valued at approximately $1.3 billion. Upon completion of the transaction, Guild will...
NAACP Protests Renovations at Boston’s White Stadium
The Boston Branch of the NAACP has asked Mayor Michelle Wu to stop the redevelopment of White Stadium, citing multiple issues ranging including a lack of transparency in leasing the venue to a professional soccer team. The 10,519-seat facility, formally the George R....
NEWS & CURRENT EVENTS
Faropoint Acquires Second California Industrial Property
The financial aspects of the transaction were not disclosed. Continue Reading Faropoint Acquires Second California Industrial Property
Historic NYC Office Property is Subject to UCC Foreclosure
The 26-story, 511,000-square-foot property was built in 1926 and is located in Midtown Manhattan near Grand Central Terminal. Continue Reading Historic NYC Office Property is Subject to UCC Foreclosure
NAR’s Historic Settlement Continues to Shift the Real Estate Industry
The challenge for lawmakers, and those who enforce those laws, is that those reactions almost always include unintended consequences. When the Federal Court gave its final approval for NAR’s settlement of the Sitzer/Burnett case back in November, it sent shockwaves through the real estate industry. Continue Reading NAR’s Historic Settlement Continues to Shift the Real Estate Industry
Texas Lawmakers Lobby to Relocate NASA Headquarters to Johnson Space Center in Houston
Florida and Ohio are also seeking to host NASA’s headquarters when its lease in Washington, DC, expires. Continue Reading Texas Lawmakers Lobby to Relocate NASA Headquarters to Johnson Space Center in Houston
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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.
Chicago Bears Seek $1.5 Billion in Public Funds for New Stadium’s Infrastructure Needs
The Bears pledged to contribute more than $2 billion to the project—over 70% of the total stadium cost. Continue Reading Chicago Bears Seek $1.5 Billion in Public Funds for New Stadium’s Infrastructure Needs
Q1 Texas Home Sales Were Flat Despite Spike in Active Listings
The first quarter statewide median price of $330,950 was 1.6% higher than in the same period during 2023. Continue Reading Q1 Texas Home Sales Were Flat Despite Spike in Active Listings
CFPB Takes Aim at Mortgage Servicers Over ‘Junk Fees’
“Homeowners cannot just simply switch providers if their mortgage servicer charges them illegal junk fees,” said CFPB Director Rohit Chopra. Continue Reading CFPB Takes Aim at Mortgage Servicers Over ‘Junk Fees’
Study: Annual Massachusetts Outmigration Up 1,100% Over the Last Decade
Income tax, housing costs, and costs of health care were cited in the study as being the largest drivers of outmigration. Continue Reading Study: Annual Massachusetts Outmigration Up 1,100% Over the Last Decade
CVS Health Invests $19.2 Million for Colorado Affordable Housing Project
The project is currently under construction with a scheduled completion in the summer of 2025. Continue Reading CVS Health Invests $19.2 Million for Colorado Affordable Housing Project
Pedro Barata to Become Chief Executive at Habitat for Humanity Canada
Barata will replace Julia Deans, who announced her resignation last fall. Continue Reading Pedro Barata to Become Chief Executive at Habitat for Humanity Canada
Mortgage Demand Down 2.7%
The Refinance Index decreased 6% from the previous week and was 3% higher than the same week one year ago. Continue Reading Mortgage Demand Down 2.7%
Total Commercial Real Estate Mortgage Borrowing and Lending Down 47% in 2023
Depositories were the leading capital source of the sector’s mortgage debt. Continue Reading Total Commercial Real Estate Mortgage Borrowing and Lending Down 47% in 2023
Madison Group to Build Master-Planned Community in Midtown Toronto
The company did not offer a timeline on when construction is slated to begin and conclude. Continue Reading Madison Group to Build Master-Planned Community in Midtown Toronto
Trustmark National Bank Sells Insurance Subsidiary to Marsh & McLennan Agency
Trustmark stated the transaction value represents approximately 5.9 times FBBInsurance’s 2023 revenue and 28 times net income. Continue Reading Trustmark National Bank Sells Insurance Subsidiary to Marsh & McLennan Agency
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