The former owner of a “We Buy Ugly Houses” franchise admitted in federal court recently that she mislead investors, misused investors’ money, forged investors’ signatures on deeds, and ran what amounted to a real estate ponzi scheme. Via:: Former “We Buy Ugly Houses” franchisee admits to running real estate ponzi scheme       

Senior home equity increased in the first quarter of 2017 to $6.3 trillion, an all new high since the National Reverse Mortgage Lenders Association began tracking the figure in 2000. Experts pointed out this will benefit seniors who want to modify their homes after becoming empty nesters. Via:: Senior home equity hits all-time high in Q1       

One of the nation’s largest real estate companies is in line for a nearly $5 million payout after a jury found that a rival agency poached a dozen agents from the company. Earlier this week, a jury in New York Supreme Court, Westchester County, ruled in favor of Douglas Elliman Real Estate and ordered William Raveis Real Estate to pay …

Still fresh in the position of Acting Comptroller of the Currency, Keith Noreika is already making moves to promote economic growth. In his testimony before the Senate Committee on Banking, Housing, and Urban Affairs on Thursday, Noreika discussed his ideas on how to reduce regulatory burden. Via:: Acting comptroller of the currency: Here are ways to reduce regulatory burden       

The market for new home sales in major Texas metros is slowing down as the number of days on market increase and home prices increase at slower rates. But while most major markets are slowing down, one market saw competition rise as the number of days on market for new homes dropped for the second consecutive month. Via:: Texas hot …

[Expert commentary] Amidst the partisan rancor in Washington, there is one issue that should unite both political parties: the urgent need to expand access to affordable rental housing. The situation is dire. The good news is that many of the solutions to the rental affordability crisis already enjoy broad bipartisan support. Here are the solutions to the crisis that are …

A mortgage originator from Chicago stands accused of running a reverse mortgage scam and defrauding elderly homeowners and lenders out of $7 million. Mark Diamond is currently facing seven counts of wire fraud after being accused of fraudulently causing lenders to make reverse mortgage loans to homeowners who either did not sign up for the loans or did so after …

Thanks to a bidding war between two real estate giants, Forestar Group and its shareholders find themselves squarely in the catbird’s seat. As recently as one day ago, Forestar said that it still planned to sell itself to Starwood Capital Group for $15.50 per share despite D.R. Horton attempting to swoop in and buy 75% of the company for a …