Alexander Brothers Restraining Order, Fathom Earnings, Free Mortgages in Mexico

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Alexander Brothers Restraining Order

Side has filed a temporary restraining order against the Alexander Brothers, Tal and Oren Alexander, accusing the Alexander Brothers of moving collateral tied to a loan extended to Official Partners. The order seeks to prevent the Alexander Brothers from selling, transferring, or disposing of any of the collateral, claiming the Alexander Brothers have violated the loan agreement and concealed the location of the assets. Side argues that the Alexander Brothers’ actions raise concerns that the collateral is being dissipated.

The loan, issued in 2022, is at the heart of a larger lawsuit in which Side alleges breaches of contract by Official Partners and the Alexander Brothers. In addition to the principal sum, Side is seeking damages for legal fees and a jury trial. The Alexander Brothers have not filed a response, and the Alexander Brothers have not commented publicly.

This latest filing comes after multiple women accused the Alexander Brothers of rape, with several women filing lawsuits earlier this year. The Alexander Brothers have denied the allegations. Tal and Oren Alexander, often referred to collectively as the Alexander Brothers, took leaves of absence from Official Partners in June, and Oren’s real estate licenses in New York and Florida are no longer active.

The controversy surrounding the Alexander Brothers continues to grow as Side’s accusations against the Alexander Brothers are set to unfold in court.

Source: Link

Fathom Holdings Shares Drop Amid Market Skepticism

Shareholders of Fathom Holdings have had a rough month, with the company’s share price dropping 27%, erasing earlier gains. Over the past year, those who have held onto their stock are now facing a 43% decline in value. Despite the slump, Fathom’s low price-to-sales (P/S) ratio of just 0.1x could suggest the company is a potential bargain, especially when compared to the broader U.S. real estate sector, where P/S ratios often exceed 2.6x.

However, this low ratio may not be a positive sign. Fathom’s revenue has been shrinking, with a 10% decline last year, and analysts expect only modest growth of 22% in the coming year—still outperforming the broader industry’s 17% growth forecast. Despite these projections, investors seem unconvinced, and the company’s declining revenue has kept its P/S ratio low.

Fathom’s cloud-based, tech-driven real estate model remains competitive, offering agents higher commission splits, but for now, it appears that market skepticism about future growth is weighing heavily on its stock price.

Source: Link

Mexico Unveils Zero-Interest Mortgages Plan

In international news, Mexico’s President Claudia Sheinbaum has unveiled an ambitious housing initiative aimed at addressing the country’s growing housing deficit. In a landmark move, the government plans to build 1 million new homes and offer zero-interest mortgages to low-income households, with a focus on vulnerable groups such as women-led households, youth, Indigenous communities, and senior citizens.

Sheinbaum, fulfilling a key campaign promise, said the program aims to provide affordable housing to those in greatest need, setting it apart from past policies that prioritized profit-driven real estate projects. The initiative is a collaboration between federal agencies, with 500,000 homes to be built by the National Workers’ Housing Fund Institute (INFONAVIT) and another 500,000 by the National Housing Commission (CONAVI). A key feature of the plan is a zero-interest mortgage scheme, offering 30-year, interest-free loans to eligible beneficiaries.

In addition, the new Welfare Financial Institution (FINABIEN) will provide further subsidized financing to those not qualifying for traditional public housing programs. The initiative is expected to generate millions of jobs, both directly and indirectly, boosting Mexico’s economy. Sheinbaum’s plan is also seen as a response to the growing tensions with the U.S., with the president emphasizing national sovereignty in addressing domestic issues like housing and economic inequality.

The program, which allocates $30.8 billion USD, focuses on creating housing in accessible locations near employment and public services, marking a shift away from past practices that placed homes in remote areas.

Source: Link 

 

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