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Real Estate Fraud Cases Are on the Rise; Losses Exceed $70,000 – Report

One in 10 Americans have been targets of real estate fraud in 2023, according to a wire fraud protection company.
NYC Mayor De Blasio Announces Plan To Overhaul City's Public Housing

70 Current and Former Employees of NY Public Housing Authority Charged in Historic Corruption, Extortion Case

The NYCHA employees pocketed over $2 million in cash payments for no-bid repair contracts. Federal prosecutors in New York on Tuesday unsealed bribery and extortion charges against 70 current and former employees of the New York City Housing Authority (NYCHA) for allegedly pocketing over $2 million in cash payments for no-bid repair contracts.
Which Banks Are Exposed To Long-Distance Commercial Real Estate Lending?

Small Banks Will Likely Close Due to Commercial Real Estate Weakness: Fed

Federal Reserve Chair Jerome Powell made the grim prediction during a "60 Minutes" interview.
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