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NYC Man Pleads Guilty to Using Mortgage Fraud for Buying Maine Marijuana Grow House
Ken Yiu faces up to 30 years in prison and a maximum fine of $1 million for the mortgage fraud count and 20 years in prison and a maximum fine of $500,000 for the drug count. Continue Reading NYC Man Pleads Guilty to Using Mortgage Fraud for Buying Maine Marijuana Grow House
NYC Man Pleads Guilty to Using Mortgage Fraud for Buying Maine Marijuana Grow House
Ken Yiu faces up to 30 years in prison and a maximum fine of $1 million for the mortgage fraud count and 20 years in prison and a maximum fine of $500,000 for the drug count. Continue Reading NYC Man Pleads Guilty to Using Mortgage Fraud for Buying Maine Marijuana Grow House
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 Report Uncovers Bill Pulte’s Ownership of Broken-Down Florida Trailer Parks
An investigative feature published by the New York Times has uncovered a previously unreported aspect of Bill Pulte’s portfolio: ownership of five trailer parks in Florida that are in various stages of disrepair. The trailer park investments were not highlighted in...
Indiana Home Sales Up 4%
A total of 7,177 residential properties were sold in Indiana during October, up 4% from one year earlier, while pending sales totaled 6,795, a 1% dip from the previous year. According to data from the Indiana Association of Realtors (IAR), the 9,517 new home listings...
NEWS & CURRENT EVENTS
Robinhood Teams with Sage Home Loans on New Mortgage Offer
The new offer was first piloted during the summer to a small group of Robinhood Gold subscribers. Continue Reading Robinhood Teams with Sage Home Loans on New Mortgage Offer
Treasury Secretary Bessent Blames Fed for ‘Housing Recession’
“If the Fed brings down mortgage rates, they can end this housing recession,” said Bessent. Continue Reading Treasury Secretary Bessent Blames Fed for ‘Housing Recession’
Lowe’s, Home Depot Announce Donations to Jamaican Hurricane Recovery Efforts
“Our thoughts and prayers are with the people of Jamaica,” said Marvin Ellison, Lowe’s chairman and CEO. Continue Reading Lowe’s, Home Depot Announce Donations to Jamaican Hurricane Recovery Efforts
Bilt Adds Venmo for Housing Payment Options
Bilt will add Venmo to its existing payment options of ACH, debit, and any linked credit card. Continue Reading Bilt Adds Venmo for Housing Payment Options
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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.
Foreign Purchases of Texas Residential Properties Up 9% Year-Over-Year
Most of the international buyers of Texas houses came from Mexico (30%), followed by Canada and China (each at 8%), India (7%), and Nigeria (6%). T Continue Reading Foreign Purchases of Texas Residential Properties Up 9% Year-Over-Year
Q2 Mortgage Delinquency Rate Down Slightly
The delinquency rate was down 11 basis points from the first quarter and down 4 basis points from the second quarter of 2024. Continue Reading Q2 Mortgage Delinquency Rate Down Slightly
Building Permits for Apartments Down 23% Since the Pandemic Construction Boom
San Jose led the nation with the greatest median asking rent increase – 8.8% year-over-year in July to $3,569. Continue Reading Building Permits for Apartments Down 23% Since the Pandemic Construction Boom
Indiana Home Sales Up 9% From One Year Ago
Last month’s median price of $275,000 was unchanged from June and 5% above the price in July 2024. Continue Reading Indiana Home Sales Up 9% From One Year Ago
Foreclosure Activity Up 13% Year-Over-Year
Lenders started the foreclosure process on 24,302 properties last month, up 12% from June and up 11% from July 2024. Continue Reading Foreclosure Activity Up 13% Year-Over-Year
Playboy Relocates HQ from Los Angeles to ‘Business-Friendly’ Miami Beach
In conjunction with the relocation, Playboy is developing a new Playboy Club in Miami Beach. Continue Reading Playboy Relocates HQ from Los Angeles to ‘Business-Friendly’ Miami Beach
Real Brokerage to Host Free Coaching Program to Boost Productivity
Registration for Agent BreakThru is available until Sept. 30. Continue Reading Real Brokerage to Host Free Coaching Program to Boost Productivity
Florida Real Estate Investor Sentenced for $6.29 Million Tax Fraud
Brian Davison was sentenced to three years in prison. Continue Reading Florida Real Estate Investor Sentenced for $6.29 Million Tax Fraud
Jennifer Beeston Debuts ’60-Minute Homebuyer’ Course
“When people truly understand the process, they will succeed,” said Beeston. Continue Reading Jennifer Beeston Debuts ’60-Minute Homebuyer’ Course
Starlight Investments Launches First Phase of Multifamily Community in British Columbia
Harris Green Village will bring 1,500 rental housing units over a three-phase construction period. Continue Reading Starlight Investments Launches First Phase of Multifamily Community in British Columbia
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