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Treasury Issues New Rule to Prevent Money Laundering Through Housing Market

Treasury Issues New Rule to Prevent Money Laundering Through Housing Market

by Phil Hall | Aug 28, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued two rules designed to safeguard the residential real estate and investment adviser sectors from money laundering. The final residential real estate rule will require certain...

HUD Launches New Initiatives to Expand Affordable Housing

by Phil Hall | Aug 13, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. Department of Housing and Urban Development (HUD) has announced three initiatives focused on affordable housing creation. HUD has teamed with the U.S. Department of the Treasury on new actions designed to ensure greater interest rate certainty for state and...
Hits and Misses for the Real Estate Week of June 24-28

Hits and Misses for the Real Estate Week of June 24-28

by Phil Hall | Jun 28, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A presidential debate that mostly ignored housing issues, a growing disenchantment with homeownership and an effort to repopulate the villages of rural Italy. From the wild and wooly world of real estate, here are our Hits and Misses for the week of June 24-28. Miss:...
Treasury Department Rolls Out New Initiative to Increase Housing Affordability

Treasury Department Rolls Out New Initiative to Increase Housing Affordability

by Phil Hall | Jun 24, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. Department of the Treasury has announced a new effort to boost housing affordability. According to a press statement from the Treasury, the new initiative will include the launch of a program administered by the CDFI Fund to provide an additional $100 million...
Feds Propose Rule for Real Estate Professionals to Report Potential Money Laundering

Feds Propose Rule for Real Estate Professionals to Report Potential Money Laundering

by Phil Hall | Feb 7, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. Department of the Treasury issued a report that recommends a new rule that would require real estate professionals to identify potential money laundering schemes in the residential real estate markets. The “National Money Laundering Risk Assessment” report...
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