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White House Press Secretary: Protecting Homeowners Against Squatters is a ‘Local Issue’

White House Press Secretary: Protecting Homeowners Against Squatters is a ‘Local Issue’

by Phil Hall | Apr 2, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Biden administration is staying out of the growing problem of homeowners having their properties taken over by squatters who can only be evicted through lengthy and costly legal proceedings. During yesterday’s White House news briefing, Press Secretary Karine...
MBA Voices Opposition to Biden’s Rent Cap Proposal

MBA Voices Opposition to Biden’s Rent Cap Proposal

by Phil Hall | Apr 1, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Mortgage Bankers Association (MBA) has announced its opposition to a Biden administration plan to impose a 10% cap on annual rent hikes on properties that rely on the Low-Income Housing Tax Credit (LIHTC). In a press statement, MBA President and CEO Bob Broeksmit...
Biden to Change Rent Increase Cap on Some Affordable Housing Units

Biden to Change Rent Increase Cap on Some Affordable Housing Units

by Phil Hall | Mar 29, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Biden administration is planning to change the cap on how much rents can go up in some federally subsidized affordable housing complexes. The Washington Post, citing unnamed “senior administration officials,” reported the yearly rent increases in properties that...
Guest Opinion: Stop China From Buying US Agricultural Land

Guest Opinion: Stop China From Buying US Agricultural Land

by Phil Hall | Mar 27, 2024 | Commercial Real Estate News, Guest Opinion, News/Current Events, Real Estate News, WRE News Exclusive

Kristi Noem is the Governor of South Dakota. This article is adapted and edited from testimony delivered before a recent hearing held by the U.S. House of Representatives’ Committee on Agriculture. I come before you today as the 33rd Governor of South Dakota. My...
Wells Fargo Hires Biden’s Ambassador to Israel as Vice Chairman

Wells Fargo Hires Biden’s Ambassador to Israel as Vice Chairman

by Phil Hall | Sep 22, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

Wells Fargo & Co. (NYSE: WFC) announced Thomas R. Nides will join the company in October as vice chairman, reporting to CEO Charlie Scharf and joining the San Francisco-headquartered company’s operating committee. In his new role, Nides will advise Wells Fargo...
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