Downtown L.A. wants San Francisco’s pop-up secret to get shoppers back

Downtown L.A. wants San Francisco’s pop-up secret to get shoppers back

As much of downtown L.A. continues to feel dark and deserted, local businesses want the city to steal San Francisco’s secret for firing up foot traffic. The tech mecca has slowly begun... Read more »
Federal Flood Insurance Program Is Set To Lapse Again In January

Federal Flood Insurance Program Is Set To Lapse Again In January

After the longest lapse in the history of the National Flood Insurance Program in October and November, the program that provides $1.3 trillion in coverage to more than 4.6 million homeowners is... Read more »
Congressional caucus asks FHFA to halt title waiver program

Congressional caucus asks FHFA to halt title waiver program

The Bipartisan Congressional Real Estate Caucus is calling on the Federal Housing Finance Agency (FHFA) to cease its pilot program for title insurance waivers until the program is vetted and the agency... Read more »
Cresa Arranges 10-Year Renewal for Nonprofit HOPE Program

Cresa Arranges 10-Year Renewal for Nonprofit HOPE Program

Cresa senior advisors Waite Buckley and Michael Herz arranged a 10-year renewal lease for 7,500 square feet at 1 Smith St., Brooklyn for The HOPE Program, a nonprofit that provides training and job placement... Read more »
Ginnie Mae’s Sam Valverde on the mission of the reverse securities program

Ginnie Mae’s Sam Valverde on the mission of the reverse securities program

Ginnie Mae has taken a far more active role in the reverse mortgage industry over the past two years, stemming from the failure of a major industry lender that threatened liquidity for... Read more »
After industry criticism, FHFA revises changes to Suspended Counterparty Program

After industry criticism, FHFA revises changes to Suspended Counterparty Program

The Federal Housing Finance Agency (FHFA) announced on Wednesday it has changed its proposal to amend the Suspended Counterparty Program (SCP), offering a less severe version after several trade groups raised concerns... Read more »
Program offers Long Beach homeowners low-interest loans to build ADUs

Program offers Long Beach homeowners low-interest loans to build ADUs

Eager to boost the supply of affordable housing, city officials in Long Beach devised a program that could help a limited number of homeowners build an extra unit on their land. But... Read more »
After industry criticism, FHFA revises changes to Suspended Counterparty Program

UWM launches BrokerX program to help train new originators

The country’s largest wholesale lender, United Wholesale Mortgage (UWM), has launched a broker training program that will teach individuals to become licensed mortgage originators.  Dubbed “BrokerX,” the five-week program will provide existing... Read more »
Keller Williams settles some of the lawsuits tied to its profit-sharing program

Keller Williams settles some of the lawsuits tied to its profit-sharing program

Keller Williams‘ legal worries just got a little lighter. On Friday, the real estate franchisee and the plaintiffs’ counsel in the Mcfarlane suit reached a settlement agreement for the lawsuit related to... Read more »
After industry criticism, FHFA revises changes to Suspended Counterparty Program

How a D.C.-based reverse mortgage assistance program was revived

At the end of August, the District of Columbia Housing Finance Agency (DCHFA) announced that it had relaunched its Reverse Mortgage Insurance & Tax Payment Program (ReMIT), which originally began in 2019... Read more »