Real estate company owner hit with $1.7M tax lien, fraud charges
The charges are related to the pandemic-era Paycheck Protection Program
by Christy Murdock Apr 6
Merger of Lower and Thrive would give Veritex 12.5% ownership stake
The parent company of Veritex Community Bank, which paid $54.9M to acquire a 49% interest in Thrive Mortgage in 2021, expects $25M to $30M loss if planned merger deal closes next year
by Matt Carter Dec 14
Miami luxury agent sentenced to 3.5 years in prison for PPP fraud
Daniela Rendon was sentenced after having misused hundreds of thousands of dollars in pandemic relief funds for her own luxury purchases, according to reports
by Lillian Dickerson Aug 21
Mortgage broker who forged loan documents for clients gets 5 years
Prosecutors say Alex Ashod Dadourian, a licensed mortgage loan broker, fabricated income and employment verification documents to win approvals for 17 mortgages totaling more than $8M
by Matt Carter Dec 8
Real estate agents received billions in PPP loans during the pandemic
More than $3.9B in pandemic-relief loans went to single-employee real estate entities, according to a new report. Nearly 80% of that amount was forgiven
by Daniel Houston Jun 6
LA broker sentenced to 10 years for role in pandemic relief scheme
Tamara Dadyan will spend time in prison for her role in a scheme to apply for COVID-19 small business loans under fake or stolen identities
by Daniel Houston Dec 9
Agents get an average of $12,500 in forgivable PPP loans: MooveGuru
The extended deadline to apply for Paycheck Protection Program is May 31
by Andrea V. Brambila Apr 13
The Paycheck Protection Program is back. Here's what you need to know
The federal government now has more money for small businesses, though it may be harder for real estate professionals to actually claim it this time around
by Jim Dalrymple II Dec 28
Everything that happened in 2020, the wildest year of our lives
This year had it all: A presidential election, a stock market crash and rebound, and the busiest summer and fall in memory — all amid an unprecedented global pandemic
by Jim Dalrymple II Dec 21
Inman Person of the Year 2020: Anne and Dave Jones
The power couple runs Windermere Abode in Tacoma, Washington, and epitomizes the way many agents in 2020 have shown leadership amid multiple crises
by Jim Dalrymple II Dec 17
Kamala Harris' record on real estate is mixed
The Democratic vice presidential candidate believes 'housing is a human right' and has proposed legislation for mortgage and rent relief amid the pandemic
by Andrea V. Brambila Aug 12
Scores of real estate companies took home large PPP loans
Luxury brokerages, franchises for brands such as Realogy and Keller Williams, MLSs and local Realtor organizations all received money from the Paycheck Protection Program
by Jim Dalrymple II Jul 7
Small business loan program ends with billions unspent
The Paycheck Protection Program suffered from a rocky rollout, but ultimately stops accepting applications Tuesday with more than $100 billion still on the table
by Jim Dalrymple II Jun 30
Some landlords got aid money. Many others were excluded
Smaller landlords form the 'backbone' of the residential rental industry. But they have been largely excluded from the Paycheck Protection Program during the coronavirus pandemic
by Jim Dalrymple II Jun 1
After rocky rollout, agents receive small business loan money
The Paycheck Protection Program has allocated nearly $660 billion for small businesses. Despite glitchy application systems and unresponsive lenders, a number of agents now say they've received funding through the program
by Jim Dalrymple II May 4