Real estate industry shows up strong for Maui wildfire victims

Real estate professionals across the country are taking action to help support their colleagues in Maui after the devastating wildfires that began on Aug. 8. So far, the fires have killed at least 96 people and more victims are expected. Meanwhile, thousands of survivors are without shelter, water,
Read MoreFannie, Freddie shareholders awarded $612M

The regulator of Fannie Mae and Freddie Mac improperly amended stock purchase agreements in 2012 when it allowed the U.S. Treasury to sweep up the companies’ net profits, a jury in Washington, D.C. found Monday. The jury awarded shareholders of the government sponsored enterprises a total of $612.4
Read MoreTop mega team joins Pinnacle Realty Advisors

One of Texas’ top mega teams, Nest Finders, is partnering with real estate brokerage as a service platform, Pinnacle Realty Advisors, according to an announcement on Monday.Pinnacle Realty Advisors will supply Nest Finders with back-end support and tools such as on-demand broker support, as well as
Read MoreUBS agrees to pay $1.4B to settle RMBS fraud case

Swiss bank UBS AG announced Monday it has agreed to pay $1.43 billion in penalties to settle a civil action alleging misconduct related to the underwriting, issuance and sale of residential mortgage-backed securities (RMBS) before the 2008 financial crisis. The settlement with the U.S. Department of
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