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Atlanta Fed Chief Bostic to Retire in February
Bostic is the 15th person to lead the Atlanta Fed and is the first Black and openly gay president of a regional Federal Reserve Bank. Continue Reading Atlanta Fed Chief Bostic to Retire in February
Atlanta Fed Chief Bostic to Retire in February
Bostic is the 15th person to lead the Atlanta Fed and is the first Black and openly gay president of a regional Federal Reserve Bank. Continue Reading Atlanta Fed Chief Bostic to Retire in February
Hooters to Close 30 Restaurants
Two months after filing for bankruptcy, Hooters of America is closing more than 30 of its company-owned restaurants across a dozen states. Verdict Food Service reports the company is seeking to address its $376 million with the sale of its corporate-owned restaurants...
Ohio Lawmakers Propose $600 Million for Cleveland Browns’ New Stadium
Ohio legislators are considering a proposal to allocate $600 million to the construction of a new $3.4 billion stadium for the NFL’s Cleveland Browns. WKYC.com reports State Sen. Jerry Cirino, a Republican, is advocating for the money to come from the state’s $3.7...
NAR Updates Hate Speech Policy Within Code of Ethics
The board of directors of the National Association of Realtors (NAR) has ratified changes to Standard of Practice 10-5 (SOP 10-5) and Professional Standards Policy Statement 29, which are part of Article 10 of the Code of Ethics. According to NAR, the updated language...
NEWS & CURRENT EVENTS
Cornerstone Capital Bank in Joint Ventures with Texas, North Carolina Homebuilders
Cornerstone is now managing joint venture mortgage companies with 15 homebuilders nationwide. Continue Reading Cornerstone Capital Bank in Joint Ventures with Texas, North Carolina Homebuilders
Madison International Realty Expands into South Korea
The new office is Madison’s eighth global outlet and its second in Asia after the opening of a Singapore location last April. Continue Reading Madison International Realty Expands into South Korea
New Home Sales Up in February
The median sales price of new houses sold in February 2025 was $414,500 while the average sales price was $487,100. Continue Reading New Home Sales Up in February
NAR Adds New MLS Policy for ‘Delayed Marketing Exempt Listings’
The National Association of Realtors (NAR) has unveiled “Multiple Listing Options for Sellers,” a new policy that is designed to exist in conjunction with its Clear Cooperation Policy. According to NAR, the policy introduces a new category of exempt listings called...
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Find insights, information, tools, perspectives, and trends written by experts and published exclusively on WRE News.
Will 2024 Be the Year of Affordable Homeownership?
Realtor.com is forecasting average mortgage rates of 6.8% in 2024, with rates edging down over the year to reach 6.5% by the end of the year. Continue Reading Will 2024 Be the Year of Affordable Homeownership?
Revela Raises $9 Million in Series A Funding
FirstMark Capital led the round, with additional participation from Detroit Venture Partners, MetaProp, and Assurant Ventures. Continue Reading Revela Raises $9 Million in Series A Funding
Mortgage Application Activity Rises Slightly
The seasonally adjusted Purchase Index was up 5% from one week earlier, but the unadjusted index dropped by 31%, Continue Reading Mortgage Application Activity Rises Slightly
FHFA Increases Conforming Loan Limits Values for 2024
Special statutory provisions establish different loan limits for Alaska, Hawaii, Guam, and the U.S. Virgin Islands. Continue Reading FHFA Increases Conforming Loan Limits Values for 2024
Charlie Munger, Vice Chairman of Berkshire Hathaway, Dies at 99
Munger dismissed Bitcoin as a “scumball activity” and “rat poison.” Continue Reading Charlie Munger, Vice Chairman of Berkshire Hathaway, Dies at 99
Citing Handwritten Will, Judge Awards Aretha Franklin’s Real Estate to Three Sons
Franklin wrote the will in longhand in 2014. Continue Reading Citing Handwritten Will, Judge Awards Aretha Franklin’s Real Estate to Three Sons
CFPB Fines Bank of America $12 Million Over HMDA Violations
“Bank of America violated a federal law that thousands of mortgage lenders have routinely followed for decades,” said CFPB Director Rohit Chopra Continue Reading CFPB Fines Bank of America $12 Million Over HMDA Violations
MBA Names Rachel Kelley as VP of Legislative Affairs
Kelley had previously served as associate vice president of political affairs at MBA. Continue Reading MBA Names Rachel Kelley as VP of Legislative Affairs
John L. Creswell Joins Trez Capital as Executive Managing Director
Creswell has over 20 years of experience in global capital raising and investment management. Continue Reading John L. Creswell Joins Trez Capital as Executive Managing Director
LendSure Mortgage Debuts Profit & Loss Loan Program
The program is designed for business owners and self-employed investors with fluctuating seasonal income or cash businesses. Continue Reading LendSure Mortgage Debuts Profit & Loss Loan Program
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