Sen. Bob Corker (R-TN) is in the spotlight for alleged insider trading after the Wall Street Journal started asking questions about his ties to a REIT and Yahoo published an article detailing his ties to other real estate companies. Per Yahoo:
Bethany McLean, a contributing editor at Vanity Fair and bestselling author, wrote the Yahoo article that attempts to unravel the complex story behind Corker's involvement with a company called CBL & Associates Properties (CBL), which is one of the country’s largest shopping mall REITs.
According to the article, Corker, his wife and daughters made approximately 70 "opportune and very profitable trades" in the stock of a company called CBL & Associates Properties.
The article noted that the senator told Yahoo Finance several years ago that he had a Bloomberg terminal.
Corker has blamed his accountants for a technical mistake involving the use of a methodology that didn’t require disclosure of the date of purchase. His spokesperson downplayed the CFA complaint and added that "these baseless accusations from a political special interest group are categorically false and nothing more than a smear campaign."
It’s true that the picture is far from complete, but there’s another element worth noting. In its complaint, the CFA suggests UBS was a likely source of tips. But if Corker has benefited from buying and selling CBL, there’s an argument that the company has also benefited from its relationship with the senator.
The article is a...
Read more: Sen. Corker’s real estate investments in question
Brena Swanson is the Digital Reporter for HousingWire.com, providing expert coverage on Millennials, lending and housing. Brena joined the HousingWire news team in February 2013, also serving in the roles of Reporter and Content Specialist. Brena graduated Evangel University in Springfield, Missouri.
There will be nearly 6 million more Hispanic households in 2024 than in 2014, according to the Mortgage Bankers Association, and if you aren’t prepared to help them, you will get left behind.
In an earlier HousingWire webinar, we shed light on how to reach the largest generation of borrowers, Millennials. Contrary to popular belief, this generation does want to buy homes, but it won’t be in the same way as their predecessors. Millennials demand social media, online banking — and yes, online mortgages. (Click here to purchase the full webinar)
This time around we are focusing on another group of borrowers that are ready to jump into homeownership. But unlike Millennials, they don’t need any convincing to start buying homes. Instead, they need help from lenders to better meet their needs.
HousingWire’s upcoming webinar “Reaching underserved borrows: Hispanics seeking the American Dream of homeownership,” was created to help with this exact issue. (Click here to register)
As a result, HousingWire gathered panelists from the National Association of Hispanic Realtors, which is the voice for Hispanic real estate, and New American Funding, which is dedicated to reaching out to...
Read more: [Webinar] Hispanics want to own homes, but are lenders ready?
As the colder winter weather takes hold across the country, it’s important for homeowners to ensure their heating systems are ready to stand up to the frigid temperatures. To help prevent unexpected breakdowns, American Home Shield, is offering five expert tips to maintain heating systems and help ensure homes stay warm.
“Over the last five years, we responded to more than two million service requests for heating system issues, and with a few minor maintenance checks, many of these issues may have been avoided,” says Mike Clear, vice president of operations for American Home Shield.
According to American Home Shield, here are five simple preventive steps to maintain your heating system and prepare yourself before freezing temperatures hit:
- Schedule a Maintenance Check-Up: Have your heating system serviced by a qualified professional each year. If you’ve not done so already, call your servicer now to schedule your appointment. Not only can this help keep small issues from turning into bigger, costlier problems, but it can go a long way in extending the life of your system.
- Replace Filters: Regularly check your heating system’s filters and replace them as necessary or at the manufacturer’s suggested intervals. Ensuring the filters are clean can help cut energy usage and costs, as well as improve your home’s overall indoor air quality.
- Clean Heating Components Regularly: Keep easy-to-reach heating system components...
Read more: Shield Your Home this Season with Winter Maintenance Tips
As the colder winter weather takes hold across the country, it’s important for homeowners to ensure their heating systems are ready to stand up to the frigid temperatures. To help prevent unexpected breakdowns, American Home Shield, is offering five expert tips to maintain heating systems and help ensure homes stay warm.
“Over the last five years, we responded to more than two million service requests for heating system issues, and with a few minor maintenance checks, many of these issues may have been avoided,” says Mike Clear, vice president of operations for American Home Shield.
According to American Home Shield, here are five simple preventive steps to maintain your heating system and prepare yourself before freezing temperatures hit:
- Schedule a Maintenance Check-Up: Have your heating system serviced by a qualified professional each year. If you’ve not done so already, call your servicer now to schedule your appointment. Not only can this help keep small issues from turning into bigger, costlier problems, but it can go a long way in extending the life of your system.
- Replace Filters: Regularly check your heating system’s filters and replace them as necessary or at the manufacturer’s suggested intervals. Ensuring the filters are clean can help cut energy usage and costs, as well as improve your home’s overall indoor air quality.
- Clean Heating Components Regularly: Keep easy-to-reach heating system components...
Read more: Shield Your Home this Season with Winter Maintenance Tips