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ENRG Realty Begins Operations in Hawaii
Maui-based Gina Duncan was named the company’s designated broker for Hawaii. Continue Reading ENRG Realty Begins Operations in Hawaii
ENRG Realty Begins Operations in Hawaii
Maui-based Gina Duncan was named the company’s designated broker for Hawaii. Continue Reading ENRG Realty Begins Operations in Hawaii
Chicago Real Estate Developer Sentenced for Embezzlement That Fueled Bank’s Failure
A Chicago real estate developer was sentenced to six years and eight months in prison for participating in a conspiracy that embezzled millions of dollars from the failed Washington Federal Bank for Savings. Washington Federal was based in Chicago’s Bridgeport...
T-Max Lending Moves HQ from San Diego to Sacramento
T-Max Lending LLC, a provider or residential and commercial loan products, has relocated its corporate headquarters from San Diego to Sacramento. In a statement, the company said the relocation places it “at the heart of California’s government and financial...
NAR’s Chief Economist on Jobs Data: ‘The Economy is Progressing’
The US economy added 177,000 jobs in April, a stronger than expected number, and Lawrence Yun, chief economist of the National Association of Realtors (NAR), stated this was evidence of a healthy economy. “Income growth is outpacing consumer price inflation,” said Yun...
NEWS & CURRENT EVENTS
Ground Broken for New 770-Acre Master-Planned Community in Texas
The community will include approximately 2,400 single-family home lots. Continue Reading Ground Broken for New 770-Acre Master-Planned Community in Texas
Retailer Forever 21 Plans Store Closures While Mulling Bankruptcy
If a buyer cannot be secured, Forever 21 will most likely be forced to shut down its entire 350-store chain. Continue Reading Retailer Forever 21 Plans Store Closures While Mulling Bankruptcy
HUD’s Turner Cancels $4 Million in DEI Contracts
“DEI here at HUD is dead,” said Secretary Scott Turner. Continue Reading HUD’s Turner Cancels $4 Million in DEI Contracts
Warren and Schiff Claim Elon Musk Brings Conflicts of Interest to DOGE Actions at CFPB
Musk did not immediately comment on the senators’ assertions and demands. Continue Reading Warren and Schiff Claim Elon Musk Brings Conflicts of Interest to DOGE Actions at CFPB
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Service Restored for Northern California MLS Networks After Cyberattack
An Aug. 8 ransomware attack against data vendor Rapattoni Corp. locked out users of 22 MLSes in California and nationwide. Continue Reading Service Restored for Northern California MLS Networks After Cyberattack
Newly Created SPAC Seeks Merger with Real Estate Company
The SPAC is targeting a company “with an aggregate combined enterprise value of approximately $75 million to $150 million.” Continue Reading Newly Created SPAC Seeks Merger with Real Estate Company
RE/MAX and CCIM Institute in New Partnership
RE/MAX affiliates can now access educational resources at discounted rates through RE/MAX University and the CCIM platform. Continue Reading RE/MAX and CCIM Institute in New Partnership
Zillow: Half of All Homebuyers Are First-Timers
Nearly half of first-time buyers are millennials and about one-quarter are Gen Zers. Continue Reading Zillow: Half of All Homebuyers Are First-Timers
MBA: Purchase Loan Applications at 28-Year Low
The adjustable-rate mortgage share of activity increased to 7.6% of total applications, its highest level in five months. Continue Reading MBA: Purchase Loan Applications at 28-Year Low
Foreclosure Inventory Hits 15-Month Low
Among the states, Mississippi had the highest non-current percentage at 7.65% and Colorado had the lowest with 1.95%. Continue Reading Foreclosure Inventory Hits 15-Month Low
FHLBNY Awards $42 Million for 42 Affordable Housing Initiatives
The funding will result in the creation, rehabilitation or preservation of 2,693 units, including 1,945 units dedicated to very low-income housing. Continue Reading FHLBNY Awards $42 Million for 42 Affordable Housing Initiatives
Jason Geer Joins CAF Capital Partners as SVP of Acquisitions
In his new job, Geer will center on driving the company’s expansion efforts in the Southeastern region. Continue Reading Jason Geer Joins CAF Capital Partners as SVP of Acquisitions
Real Estate Attorney Sean Thorsen Joins Seward & Kissel
Thorsen previously practiced with a real estate finance group at both DLA Piper LLP and McDermott Will & Emery LLP. Continue Reading Real Estate Attorney Sean Thorsen Joins Seward & Kissel
Nomura Fined $35 Million Over RMBS Fraud Scheme
The scheme mostly occurred on the company’s trading floor in New York City. Continue Reading Nomura Fined $35 Million Over RMBS Fraud Scheme
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