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SEC Reportedly Probing Owner of Austin Real Estate Firm for Securities Fraud
Alan Stalcup said he welcomed the SEC’s investigation, stating he and his companies were the victim of “defamatory fictions.” Continue Reading SEC Reportedly Probing Owner of Austin Real Estate Firm for Securities Fraud
Walker & Dunlop Partners with Pretium on Affordable Housing Bridge Loan Joint Venture
The initiative will originate flexible, short-term first-mortgage bridge loans for properties that are being acquired, refinanced, or prepared for long-term government-affordable programs. Continue Reading Walker & Dunlop Partners with Pretium on Affordable Housing Bridge Loan Joint Venture
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NYC Mayor Mamdani to Host ‘Rental Rip-Off’ Hearings
The dates and locations for the hearings have yet to be scheduled. Continue Reading NYC Mayor Mamdani to Host ‘Rental Rip-Off’ Hearings
Virginia Real Estate Agent Shot in Her Home During New Year’s Eve Burglary
The 72-year-old Judy Boone was taken to the hospital and is currently in stable condition Continue Reading Virginia Real Estate Agent Shot in Her Home During New Year’s Eve Burglary
Mortgage Bankers Association Names Alexandra Brinton as VP/CFO
Brinton was previously controller at the American Association of Airport Executives. Continue Reading Mortgage Bankers Association Names Alexandra Brinton as VP/CFO
Mortgage Rates Tick Up Slightly
The 30-year fixed-rate mortgage averaged 6.22% as of Dec. 11, up from last week when it averaged 6.19% Continue Reading Mortgage Rates Tick Up Slightly
AG Bondi: ‘There is No Investigation into Bill Pulte’
It is unclear why Bondi waited three weeks to make this announcement. Continue Reading AG Bondi: ‘There is No Investigation into Bill Pulte’
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
Fort Point Real Estate Partners Launches with Portfolio of 40 San Francisco Properties
The portfolio was aggregated over the last 12 months and encompasses diverse neighborhoods including Nob Hill, Russian Hill, The Castro, Potrero Hill, Hayes Valley, and the Sunset and Richmond Districts. Continue Reading Fort Point Real Estate Partners Launches with Portfolio of 40 San Francisco Properties
Boston City Council Votes to Raise Residential Property Taxes by 13%
Councilor Ed Flynn, a critic of Mayor Michelle Wu, argued the city needs to crack down on its spending. Continue Reading Boston City Council Votes to Raise Residential Property Taxes by 13%
Home Flipping Activity and Profits Down During Q3
A typical flipped home in the third quarter was purchased by an investor at a national median price of $260,000 and sold at a national median of $320,000. Continue Reading Home Flipping Activity and Profits Down During Q3
Housing Advocacy Group Sues Newsom Over Suspension of Duplex/ADU Ban in LA Wildfire Areas
Newsom did not publicly comment on the lawsuit. Continue Reading Housing Advocacy Group Sues Newsom Over Suspension of Duplex/ADU Ban in LA Wildfire Areas
Granite Real Estate Investment Trust to Delist from the NYSE
Granite has also filed an application for its units to be quoted on the OTCQX platform, to begin trading on or about Dec. 23. Continue Reading Granite Real Estate Investment Trust to Delist from the NYSE
Fed Cuts Rates by Quarter Point
The decision by the central bank’s policy making Federal Open Market Committee had three of the 12 committee members dissenting. Continue Reading Fed Cuts Rates by Quarter Point
Mid-Atlantic Region Home Sales Down in November
“Even with somewhat lower mortgage rates, homebuyers and sellers are still very cautious,” said Lisa Sturtevant, Bright MLS chief economist. Continue Reading Mid-Atlantic Region Home Sales Down in November
