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Houston Nonprofit Leader Arrested for Running Fraudulent Rental Housing Scheme
Rosemary Tucker, who operates “Hoodies 4 Healing,” was arrested last week after a months-long investigation by the Houston Police Department’s Major Offenders Division. Continue Reading Houston Nonprofit Leader Arrested for Running Fraudulent Rental Housing Scheme
Houston Nonprofit Leader Arrested for Running Fraudulent Rental Housing Scheme
Rosemary Tucker, who operates “Hoodies 4 Healing,” was arrested last week after a months-long investigation by the Houston Police Department’s Major Offenders Division. Continue Reading Houston Nonprofit Leader Arrested for Running Fraudulent Rental Housing Scheme
LA City Council Calls for Rejection of Proposed Gondola Construction at Dodger Stadium
The Los Angeles City Council voted 12-1 on a resolution calling for the rejection of a proposed gondola project that would connect Dodger Stadium to the Union Station railroad hub. The Associated Press reports the aerial tramway would cover about one mile and cost...
Former Calgary Office Building to Become 204-Unit Rental Housing Development
The Canadian government, in partnership with the City of Calgary and other entities, announced over $83 million in combined funding to build a 204-unit rental housing development in Calgary. The new 800 Six West development is a conversion of an existing office and...
Mortgage Delinquency Rate Up During Q3
The delinquency rate for mortgages on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.99% of all loans outstanding at the end of the third quarter, according to data from the Mortgage Bankers Association (MBA). The delinquency rate...
NEWS & CURRENT EVENTS
JLL Capital Markets Secures $565 Million Construction Financing for New Miami Luxury Condo Tower
As of last month, The Residences at 1428 is 57% presold. Continue Reading JLL Capital Markets Secures $565 Million Construction Financing for New Miami Luxury Condo Tower
MCB Real Estate Makes New Acquisition Offer for Whitestone REIT
Whitestone did not immediately issue a public comment on the offer. Continue Reading MCB Real Estate Makes New Acquisition Offer for Whitestone REIT
LA Mansion That Was Once the Most Expensive Listed Home is Headed to Foreclosure Auction
The property’s last owner was financier Gary Winnick, who acquired it in 2000 for $94 million. Continue Reading LA Mansion That Was Once the Most Expensive Listed Home is Headed to Foreclosure Auction
CMBS Delinquency Rate Surges to 7.46%
“All five of the major property types saw increases in their respective delinquency rates,” said Vivek Denkanikotte, research associate. Continue Reading CMBS Delinquency Rate Surges to 7.46%
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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.
Single-Family Built-for-Rent Construction Down in Q2
Approximately 12,000 SFBFRs were started, down from 25,000 starts in the second quarter of 2024. Continue Reading Single-Family Built-for-Rent Construction Down in Q2
REMAX: Homes Sales Steady, But Taking Longer to Sell
The median sales price in July was $450,000, down 1.1% from June. Continue Reading REMAX: Homes Sales Steady, But Taking Longer to Sell
Revived Bed Bath & Beyond Retail Chain Will Not Open Stores in California
Marcus Lemonis faulted the California business environment for “higher taxes, higher fees, higher wages that many businesses simply cannot sustain.” Continue Reading Revived Bed Bath & Beyond Retail Chain Will Not Open Stores in California
Report: Trump May Try to Fire Fed Governor Following Mortgage Fraud Accusation
Pulte ignored questions posed to him on X on who authorized an investigation into Cook’s mortgage papers. Continue Reading Report: Trump May Try to Fire Fed Governor Following Mortgage Fraud Accusation
New Joint Venture to Develop Charlotte-Area Townhome Rental Community
The project is expected to be completed by August 2027. Continue Reading New Joint Venture to Develop Charlotte-Area Townhome Rental Community
ALTA Adds Title Insurance Endorsements to Combat Seller Impersonation Fraud
ALTA has also updated its Best Practices framework to help title agents better identify emerging versions of these crimes. Continue Reading ALTA Adds Title Insurance Endorsements to Combat Seller Impersonation Fraud
Leadership Shake-Up at Target with New CEO
Brian Cornell became CEO in 2014, the first chief executive to come into the leadership role from outside of the company. Continue Reading Leadership Shake-Up at Target with New CEO
FHFA’s Pulte Accuses Federal Reserve Governor of Mortgage Fraud
Pulte said “the DOJ should go wherever the facts may lead them.” Continue Reading FHFA’s Pulte Accuses Federal Reserve Governor of Mortgage Fraud
Sen. Adam Schiff Launches Legal Defense Fund to Combat Mortgage Fraud Allegations
Last month, President Trump accused Schiff of mortgage fraud while the lawmaker was a member of the House of Representatives. Continue Reading Sen. Adam Schiff Launches Legal Defense Fund to Combat Mortgage Fraud Allegations
Mortgage Application Activity Down Slightly
Among the federal program, the FHA share of total applications increased to 19.1% from 18.4% the week prior. Continue Reading Mortgage Application Activity Down Slightly
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