All Real Estate articles
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News Brief
OFAC sanctions drug cartel over China procurement; FinCEN issues advisory
The Treasury Department’s Office of Foreign Assets Control and Secretary Janet Yellen announced sanctions Thursday against the top leaders of La Nueva Familia Michoacana drug cartel over the illicit trafficking of synthetic opioid fentanyl in the United States.
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News Brief
CFPB proposes $3.95M fine against Freedom Mortgage over repeated data errors
Freedom Mortgage Corp. would have to pay a $3.95 million fine and carry out regular auditing and testing of its loan data under a proposed order by the Consumer Financial Protection Bureau.
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Blog
National Tax Lien Association names general counsel
Nonprofit organization the National Tax Lien Association announced the appointment of Austin Barnes III as general counsel.
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News Brief
Crowe U.K. dinged $181K by FRC for Aseana Properties audit failures
Crowe U.K. was assessed a penalty of £144,000 (U.S. $181,000) by the U.K. Financial Reporting Council for failures in its audit of Aseana Properties Limited’s financial statements for the year ended Dec. 31, 2019.
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News Brief
FSOC warns on liquidity risk by nonbank mortgage servicers
A new report by the Financial Stability Oversight Council recommended state regulators and Congress take steps to minimize “significant liquidity risk” posed by the nonbank mortgage servicing industry.
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Blog
Cushman & Wakefield appoints first sustainability chief
Global real estate services firm Cushman & Wakefield announced the appointment of Jessica Francisco as its first chief sustainability officer.
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News Brief
Treasury proposal seeks to expand CFIUS enforcement authority
A proposal by the Treasury Department would allow the Committee on Foreign Investment in the United States to seek more information as part of its review activities and enable “substantially” larger penalties in instances of noncompliance with relevant regulations.
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Blog
DiamondRock Hospitality Company general counsel to retire
Real estate investment trust DiamondRock Hospitality Company announced Bill Tennis, its longtime executive vice president and general counsel, will retire.
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News Brief
SFO launches probe into collapsed Carlauren Group
The U.K. Serious Fraud Office announced two raids and three arrests coinciding with the launch of an investigation into collapsed property developer Carlauren Group.
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Blog
Five Point Holdings promotes legal chief to chief operating officer
Real estate company Five Point Holdings announced the promotion of Mike Alvarado, the company’s chief legal officer, vice president and secretary, as chief operating officer.
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Blog
Heimstaden names chief legal officer
Sweden-based real estate investor Heimstaden appointed Eva Møland Tørsleff as chief legal officer.
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Blog
RE/MAX ups chief compliance officer to EVP
RE/MAX Holdings, a franchisor in the real estate industry, announced the promotion of Susie Winders from senior vice president, general counsel, chief compliance officer, and secretary to executive vice president, general counsel, chief compliance officer, and secretary.
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News Brief
SFO raids kick off probe into collapsed Signature Group
The U.K. Serious Fraud Office carried out several residential raids as it announced the launch of a criminal investigation into collapsed property investment firm Signature Group.
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Blog
Covenant Clearinghouse hires general counsel
Covenant Clearinghouse, a servicer of real estate assessments, welcomed Jeff Johnson as in-house general counsel.
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Premium
Anti-fraud groups praise FinCEN AML proposal for real estate transactions
The Financial Crimes Enforcement Network issued a notice of proposed rulemaking that would require the handlers of all-cash residential real estate transactions in all U.S. cities and counties to disclose the beneficial owners.
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Blog
SNG appoints group general counsel
U.K.-based housing association Sovereign Network Group appointed Kirsten Keegan as its group general counsel.
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Blog
Howard Hughes Holdings announces general counsel
Real estate company Howard Hughes Holdings announced Joseph Valane was appointed general counsel and secretary.
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Blog
Correlate Energy names ex-Redwood Materials CCO to board
Energy-minded real estate platform Correlate Energy Corp. appointed Alina Zagaytova, the former general counsel, corporate secretary, and chief compliance officer of Redwood Materials, to serve as a member of its board of directors.
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Blog
Landsea Homes names general counsel
Residential homebuilder Landsea Homes Corp. announced Kelly Rentzel joined the company’s senior leadership team as general counsel.
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Premium
Assessing impact of court ruling on GDPR strict liability
The idea companies can be held “strictly liable” for violations of the European Union’s privacy rules was shot down, following a judgment from Europe’s top court relating to a case involving German property company Deutsche Wohnen.