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Ashford Inc. CEO Monty Bennett (Credit: Ashford)

Monty Bennett-tied companies to return $68M in PPP funds

Lodging companies connected to Texas hotelier Monty Bennett are returning more than $68 million in federal aid, after facing...

Monty Bennett-tied companies to return $68M in PPP funds
(Credit: iStock)

Banks can snatch stimulus checks before landlords see a dime

Legislators fast-tracked the federal stimulus package to provide “fast and direct relief,” but allowed banks to garnish the checks...

Banks can snatch stimulus checks before landlords see a dime
US Federal Reserve Chairman Jerome Powell (Credit: ERIC BARADAT/AFP via Getty Images)

Fed plans major commercial mortgage buyback

The Federal Reserve dramatically expanded its lending programs meant to unclog credit on Monday by expanding its facilities to include different types of municipal and corporate debt. The Federal Open Market Committee said the...

Fed plans major commercial mortgage buyback
Tax perk meant for mom-and-pop owners will instead benefit major property investors

Tax perk meant for mom-and-pop owners will instead benefit major property investors

Small-time real estate investors are being blocked from a tax break that was originally meant to benefit them. The...

Tax perk meant for mom-and-pop owners will instead benefit major property investors
According to ATTOM Data Solutions, the all-cash share of South Florida home sales peaked at 72 percent in 2011.

Cash deals drop to 46% of South Florida home sales

Cash purchases as a percentage of house and condo sales in tri-county South Florida slid to an eight-year low...

Cash deals drop to 46% of South Florida home sales
IRS closes off remaining REIT spinoff loophole

IRS closes off remaining REIT spinoff loophole

From the New York website: The Internal Revenue Service officially closed the last remaining legal avenue that allowed non-real estate corporations...

IRS closes off remaining REIT spinoff loophole
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Three SF counties among top areas in U.S. for suspicious mortgage activity

Palm Beach County skyrocketed up the ranks of U.S. counties with suspicious mortgage activity, according to a recent report...

Three SF counties among top areas in U.S. for suspicious mortgage activity
Treasury falls short on oversight of $75B foreclosure prevention program

Treasury falls short on oversight of $75B foreclosure prevention program

The Obama administration’s $75 billion foreclosure prevention program has been widely criticized for its failure to, well, prevent very...

Treasury falls short on oversight of $75B foreclosure prevention program
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Report finds HAMP program to be lacking

A government evaluation of the Home Affordable Modification Program found it once again to be lacking, according to CNN. HAMP has undergone tweaks since it was introduced in April, but in a recent report,...

Report finds HAMP program to be lacking
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Thousands of struggling borrowers likely denied HAMP mortgage mods in error

The Obama Administration has increased funding for Florida Poor oversight by the Treasury Department and errors by servicers has...

Thousands of struggling borrowers likely denied HAMP mortgage mods in error
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