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Florida Businessman Sentenced for Construction Loan Fraud Schemes
David Ingram, 73, previously pleaded guilty to one count of wire fraud. Continue Reading Florida Businessman Sentenced for Construction Loan Fraud Schemes
Florida Businessman Sentenced for Construction Loan Fraud Schemes
David Ingram, 73, previously pleaded guilty to one count of wire fraud. Continue Reading Florida Businessman Sentenced for Construction Loan Fraud Schemes
New Partnership Seeks to Educate Prospective Homebuyers
CBC Mortgage Agency has teamed with Guild Mortgage on a national initiative to expand homeownership through financial literacy events. The Future Homebuyer Initiative will consist of 10 events across the country designed to provide financial literacy, credit...
BlackRock Acquires ElmTree Funds
BlackRock Inc. (NYSE: BLK) announced it is acquiring ElmTree Funds, a St. Louis-based net-lease real estate investment firm with $7.3 billion in total assets under management. The financial details of the acquisition were not disclosed. Founded in 2011, ElmTree has...
Ex-NYPD Detective Among Trio Charged in Bronx Deed Theft Scheme
A former New York Police Department (NYPD) detective was among three individuals arrested for a deed theft scheme in the Bronx, New York. The retired detective, Chenenne Guevarra-Francis, teamed with his mother Barbara Guevarra-Francis, a retired nurse, and attorney...
NEWS & CURRENT EVENTS
Compass Sues NWMLS, Citing ‘Monopolistic’ and ‘Anticompetitive’ Policies
NWMLS did not immediately comment on the lawsuit. Continue Reading Compass Sues NWMLS, Citing ‘Monopolistic’ and ‘Anticompetitive’ Policies
DOJ Files Statement of Interest to Support North Carolina Church in Land Use Case
The church uses a high school for its services. Continue Reading DOJ Files Statement of Interest to Support North Carolina Church in Land Use Case
Houston’s ‘Darth Vader House’ Sells for $3.4 Million
The property has been on and off the market for the last three years. Continue Reading Houston’s ‘Darth Vader House’ Sells for $3.4 Million
Obama’s Former Martha’s Vineyard Rental Listed at $39 Million
The Obamas rented the property during the summers of 2009, 2010 and 2011 at $50,000 per week. Continue Reading Obama’s Former Martha’s Vineyard Rental Listed at $39 Million
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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.
Crow Holdings Acquires 46-Property Manufactured Housing Portfolio
The portfolio’s properties are spread across Florida, Illinois, Indiana, Missouri, Montana and Ohio. Continue Reading Crow Holdings Acquires 46-Property Manufactured Housing Portfolio
University of Rochester Creates New Position to Oversee Real Estate Portfolio
Andrea Tompkins Wright is the new associate vice president for real estate, portfolio management, and planning. Continue Reading University of Rochester Creates New Position to Oversee Real Estate Portfolio
Tim Birkmeier Steps Down as Rocket Mortgage President
The company did not announce a successor. Continue Reading Tim Birkmeier Steps Down as Rocket Mortgage President
NY Attorney General Begins Process to Seize Trump’s Westchester Properties
James’ office entered judgments on March 6 with the clerk’s office in Westchester County, where Trump has a golf course and a private estate called Seven Springs. Continue Reading NY Attorney General Begins Process to Seize Trump’s Westchester Properties
HUD Plans Publicity Tour Trumpeting Biden’s ‘Key Milestones and Accomplishments’ in Housing
HUD Secretary Marcia Fudge previously ran afoul of the Hatch Act in 2021. Continue Reading HUD Plans Publicity Tour Trumpeting Biden’s ‘Key Milestones and Accomplishments’ in Housing
AOC and Sanders Reintroduce ‘Green New Deal for Public Housing’
“We are going to provide decent-quality, affordable housing for millions of Americans,” said Sanders Continue Reading AOC and Sanders Reintroduce ‘Green New Deal for Public Housing’
Mortgage Rates Rise Again, Nearing the 7% Mark
Last week, the mortgage rate averaged 6.74%; one year ago at this time, it was at 6.42%. Continue Reading Mortgage Rates Rise Again, Nearing the 7% Mark
Existing Home Sales Up 9.5%
First-time buyers were responsible for 26% of sales in February, down from 28% in January and 27% in February 2023. Continue Reading Existing Home Sales Up 9.5%
Is Flipping Flopping? Flipped Home Sales Down 29.3% in 2023
Roughly one out of every nine flipped home sales were sold to buyers using a loan backed by the FHA. Continue Reading Is Flipping Flopping? Flipped Home Sales Down 29.3% in 2023
The State with the Greatest Increase in Mortgage Debt Is…
“Even small increases in home prices can lead to thousands of dollars in extra mortgage interest costs,” said John Kiernan, WalletHub editor. Continue Reading The State with the Greatest Increase in Mortgage Debt Is…
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