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OceanFirst Bank in Redlining Settlement with HUD

OceanFirst Bank in Redlining Settlement with HUD

by Phil Hall | Sep 19, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The U.S. Department of Housing and Urban Development (HUD) announced a settlement with Toms River, New Jersey-based OceanFirst Bank that resolves charges of redlining in the New Brunswick, New Jersey area. HUD investigated the charges in a probe conducted alongside...
Fathom Realty Announces Settlement of Commission Lawsuits

Fathom Realty Announces Settlement of Commission Lawsuits

by Phil Hall | Sep 17, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Fathom Realty, a wholly owned subsidiary of Fathom Holdings Inc. (NASDAQ: FTHM), announced that it has reached a nationwide settlement related to claims asserted in Burnett v. The National Association of Realtors., et al. As part of the settlement, Fathom Realty will...
Medical Properties Trust Regains Control of Its Real Estate from Steward Health Care

Medical Properties Trust Regains Control of Its Real Estate from Steward Health Care

by Phil Hall | Sep 13, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Medical Properties Trust Inc. (NYSE: MPW) announced a settlement agreement with the bankrupt Steward Health Care System, along with its secured lenders (“the Lenders”) and the Unsecured Creditors Committee, that will cut its relationship with Steward and restore the...
Sacramento Suburb in Settlement Over Affordable Housing Construction

Sacramento Suburb in Settlement Over Affordable Housing Construction

by Phil Hall | Sep 5, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

California Gov. Gavin Newsom’s office has reached a settlement with the Sacramento suburb of Elk Grove regarding the creation of new affordable housing. The Associated Press reported the city will need to identify a new site for affordable housing by July 1, 2025,...
DOJ in $38 Million Settlement with Los Angeles Over Non-Compliance of HUD Accessibility Requirements

DOJ in $38 Million Settlement with Los Angeles Over Non-Compliance of HUD Accessibility Requirements

by Phil Hall | Sep 3, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The U.S. Department of Justice (DOJ) announced a $38.2 million settlement with the City of Los Angeles to resolve allegations of intentionally failing to meet federal accessibility requirements related to Department of Housing and Urban Development (HUD) grant funds...
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