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HomeLegal

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investigation
Housing

HUD Inspector General discusses NYC corruption investigation

February 22, 2024 Mariel Alumit Comments Off on HUD Inspector General discusses NYC corruption investigation

​ Earlier this month, the U.S. Attorney’s Office for the Southern District of New York (SDNY) announced that it had made a series of 70 charges against current and former officials from the New York […]

Real Estate Assets
Celebrities

NY Attorney General Vows to Seize Trump’s Real Estate Assets if He Doesn’t Pay His Trial Fines

February 22, 2024 Mariel Alumit Comments Off on NY Attorney General Vows to Seize Trump’s Real Estate Assets if He Doesn’t Pay His Trial Fines

New York Attorney General Letitia James has threatened to seize the commercial real estate assets of former President Donald Trump if he fails to pay the fines levied against him in his civil fraud trial. James, a […]

Montana Judge
Housing

Montana Judge Blocks Development Over Potential Groundwater Level Depletion

February 20, 2024 Mariel Alumit Comments Off on Montana Judge Blocks Development Over Potential Groundwater Level Depletion

A Montana judge has blocked a housing development organized by a member of prominent local political family after a group of local residents warned the project would deplete the area’s groundwater levels. According to combined media reports, Broadwater […]

Trump
Commercial Real Estate

NY Governor Insists ‘Business People Have Nothing to Worry About’ Following Trump Verdict

February 20, 2024 Mariel Alumit Comments Off on NY Governor Insists ‘Business People Have Nothing to Worry About’ Following Trump Verdict

In the wake of Friday’s trial verdict that fined former President Donald Trump nearly $355 million and banned him from doing business in New York for three years for alleged over-valuation of his properties, Gov. Kathy Hochul […]

Justice Department
Legal

Justice Department Objects to Settlement in Real Estate Commission Case

February 18, 2024 kingstu Comments Off on Justice Department Objects to Settlement in Real Estate Commission Case

The Department of Justice has made its first foray into the growing number of lawsuits regarding real estate commissions by asking a federal judge in Boston to reject a consumer settlement between a group of […]

Trump
Legal

Judge Enacts $364 Million Verdict Against Trump in Real Estate Fraud Case

February 18, 2024 Mariel Alumit Comments Off on Judge Enacts $364 Million Verdict Against Trump in Real Estate Fraud Case

Former President Donald Trump has been ordered by a New York judge in his civil fraud trial to pay nearly $364 million in damages for exaggerating the valuation of his real estate holdings in order […]

CFPB
Housing Wire

CFPB settles decade-old foreclosure relief scam enforcement suit

February 12, 2024 Mariel Alumit Comments Off on CFPB settles decade-old foreclosure relief scam enforcement suit

​ The Consumer Financial Protection Bureau (CFPB) on Friday announced that it has reached a settlement with four attorneys and their company, Consumer First Legal Group, over a long-running enforcement case regarding what the bureau […]

New York
Housing

New York City Housing Authority employees charged in sweeping bribery and extortion case

February 7, 2024 kingstu Comments Off on New York City Housing Authority employees charged in sweeping bribery and extortion case

​ The U.S. Attorney for the Southern District of New York (SDNY) announced individual charges Tuesday in a sweeping case that involves kickbacks and bribes from the New York City Housing Authority (NYCHA), charging 70 […]

Supreme Court
Housing Wire

HomeServices asks Supreme Court to apply arbitration to Sitzer suit

February 6, 2024 Allen Santos Comments Off on HomeServices asks Supreme Court to apply arbitration to Sitzer suit

​ Commission lawsuit defendant HomeServices of America is asking the U.S. Supreme Court to hear its argument that the Eight Circuit wrongly rejected arbitration agreements with unnamed class members in the Sitzer/Burnett commission lawsuit. In […]

Florida
Housing Wire

Court temporarily blocks Florida law barring Chinese citizens from owning property

February 6, 2024 Allen Santos Comments Off on Court temporarily blocks Florida law barring Chinese citizens from owning property

​ A U.S. appeals court has halted the enforcement of a Florida law that bans Chinese citizens from purchasing property in the state, multiple news outlets reported. The decision places the law on hold until […]

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U.S. Market

Rocket
Housing Wire

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off on Rocket lost money last year, so why are its shares up?

​ Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

delinquency rates
Housing Wire

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off on Industry experts are closely watching delinquency rates, insurance costs

​ Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs
Economy

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off on Jobs data sends mortgage rates higher

​ Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]

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