Featured Real Estate News
Judge Strikes Down FinCEN Rule Aimed at Money Laundering in Real Estate
A federal court in Texas vacated the Financial Crimes Enforcement Network's (FinCEN) 2024 residential real estate reporting rule that required for title companies to report non-financed transfers to entities and trusts. The FinCEN rule requires title companies to...
Judge Strikes Down FinCEN Rule Aimed at Money Laundering in Real Estate
Judge Jeremy Kernodle, a Trump appointee, declared that FinCEN “fails to explain or show how non-financed residential real estate transactions are categorically ‘suspicious.'” Continue Reading Judge Strikes Down FinCEN Rule Aimed at Money Laundering in Real Estate
Oregon’s Willamette Valley Bank to Cease Residential Mortgage Lending
Salem, Oregon-headquartered Willamette Valley Bank announced it will discontinue it residential mortgage lending business effective March 31. “The residential mortgage industry has undergone significant changes in recent years, including the growth of online and...
Papa Johns to Close 300 Restaurants
The pizza chain Papa John (NASDAQ: PZZA) announced plans to close 300 US eateries by the end of 2027. Restaurant Dive reports the company, which is the fourth largest US pizza chain by sales, plans to shutter most of the targeted eateries this year. The locations...
30-Year Fixed-Rate Mortgage Drops Below 6% for the First Time Since 2022
The 30-year fixed-rate mortgage averaged 5.98% in today’s Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). This is down from last week when it averaged 6.01%. A year ago at this time, it averaged 6.76%. “For the first time in three and a half...
News & Current Events
St. Louis Contractor Sentenced to 3 Years for Pandemic Loan Fraud
Elliott pleaded guilty in November in U.S. District Court to two counts of wire fraud. Continue Reading St. Louis Contractor Sentenced to 3 Years for Pandemic Loan Fraud
Illinois Gov. Pritzker: Indiana Faces ‘Massive Increases in Taxes’ with Proposed Bears Stadium
“Here in Illinois, we continue to have really positive discussions with the Chicago Bears,” he stated. Continue Reading Illinois Gov. Pritzker: Indiana Faces ‘Massive Increases in Taxes’ with Proposed Bears Stadium
NYC Developer Indicted in $10 Million Fraud Scheme Expected to Plead Guilty
The guilty plea would not affect the civil lawsuit brought against him by the Securities and Exchange Commission. Continue Reading NYC Developer Indicted in $10 Million Fraud Scheme Expected to Plead Guilty
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Chicago Bears, Stymied in Push for New Stadium, Floats Idea for Relocation to Indiana
Illinois Gov. JB Pritzker has been skeptical of the new stadium project. Continue Reading Chicago Bears, Stymied in Push for New Stadium, Floats Idea for Relocation to Indiana
WWE’s Former HQ Approved for Conversion into Apartment Complex
The four-story building, nicknamed “Titan Towers,” was constructed in 1981 on a parcel just off I-95. Continue Reading WWE’s Former HQ Approved for Conversion into Apartment Complex
CTO Realty Growth Acquires 35-Acre Florida Retail Center for $65.2 Million
CTO Realty Growth Inc. (NYSE: CTO), the owner and operator of open-air shopping centers in the higher growth Southeast and Southwest markets, has acquired Pompano Citi Centre, an open-air retail center located on 35 acres in the Pompano Beach submarket of Fort...
Report: Spikes in Heart Attacks and General Illness Following LA County Wildfires
The report noted a 118% increase in visits for general illness, a 46% increase in the number of visits for heart attack, and a 24% increase in visits for pulmonary illness. Continue Reading Report: Spikes in Heart Attacks and General Illness Following LA County Wildfires
NYC Personal Trainer Indicted in Rental Housing Scam
Jerry Genesis was previously indicted last February for a refund scam involving 10 victims tied to his personal training business. Continue Reading NYC Personal Trainer Indicted in Rental Housing Scam
Ground Broken on 365-Unit Multifamily Community in Aurora, Colorado
The project encompasses a quartet of four-story buildings featuring a mix of one-, two- and three-bedroom apartment layouts. Continue Reading Ground Broken on 365-Unit Multifamily Community in Aurora, Colorado
MISMO Names Amy Moses as VP of Strategic Growth
Moses joined MISMO earlier this year as a contractor. Continue Reading MISMO Names Amy Moses as VP of Strategic Growth
UWM Acquires REIT Two Harbors Investment Corp. for $1.3 Billion
Two Harbors is one of the nation’s largest servicers through its wholly owned subsidiary RoundPoint Mortgage Servicing LLC. Continue Reading UWM Acquires REIT Two Harbors Investment Corp. for $1.3 Billion
Mortgage Application Activity Down by Nearly 4%
The FHA share of total applications decreased to 19.5% from 20.2% the week prior. Continue Reading Mortgage Application Activity Down by Nearly 4%