The now defunct First Guaranty Mortgage Corporation (FGMC) and former employees – who sued the mortgage lender in a class-action suit after an abrupt layoff – are seeking a Delaware bankruptcy judge... Read more »
Cushman & Wakefield has terminated the head of its Los Angeles operations, Phil Brodkin, as the commercial brokerage continues cost-cutting measures. Brodkin joined Cushman & Wakefield in mid-2021 and oversaw Downtown, West... Read more »
Rhode Island houisng market data released by the Rhode Island Association of Realtors unveils some intriguing trends in the state’s real estate landscape. In October, single-family home sales continued a downward trend, experiencing... Read more »
Industry veteran Adam O’Daniel is transitioning to Guild Mortgage as senior vice president and chief marketing officer, a newly created role, after about two years at Open Mortgage, the company announced on Tuesday. “We’re going to expand... Read more »
Listing prices in Manhattan Beach have approached the low end of the ultra luxe markets in Malibu and Beverly Hills, but a new entry goes far beyond what most mansion in L.A.... Read more »
When individual mortgages are originated by lenders like banks or credit unions, they maybundle groups of these mortgages together into financial vehicles called mortgage-backedsecurities (MBS) that are then sold to investors on... Read more »
Shangri-La Industries CEO Andy Meyers and 21 Conejo Boulevard in Thousand Oaks (Getty, Google Maps, Shangri-La Industries) UPDATED, Dec. 1, 2023, 9:40 p.m.: In 2020, the State of California gave Shangri-La Industries,... Read more »
Freddie Mac rolled out standardized subordinate lien documents for subordinate mortgages offered by down payment assistance (DPA) providers to facilitate easier and greater use of DPA program. Historically, subordinate-lien documents for various... Read more »
Carmine Sabatella, star of the HGTV show “Inside Out,” has brought his real estate business The Sabatella-Delair Group to The Agency. Despite co-hosting a reality television show for about five seasons, Sabatella... Read more »
FirstHome IQ, a nonprofit focused on homeownership and financial literacy education, has expanded its ambassador program and now has 60 mortgage and real estate professionals who donate a portion of every loan... Read more »