(RECAP: On Tuesday, RE/MAX announced it is launching Motto Mortgage, a mortgage brokerage franchise that the company plans to take nationwide. “Motto Mortgage will open mortgage franchises throughout the U.S. increasing competition in the industry, resulting in more choice and a better experience for consumers,” the company said. “Its loan originators will work with real estate offices so that agents can help homebuyers obtain the mortgage loans that best fit their individual needs.” RE/MAX claims that by placing Motto Mortgage franchises within RE/MAX offices, it makes a right “one-stop shop” for homebuyers. RE/MAX notes that Motto Mortgage loan originators “will not be bound” to the loan products of any specific lenders and will have “access to quality loan options from various sources.”)

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(RECAP: Albemarle and Charlottesville plotting commissions had the opportunity Tuesday for a joint discussion on a redevelopment project that could help the two communities realize a goal of improving the area’s connections with the Rivanna River. Developer Brian Roy is seeking a rezoning that will allow for an adaptive reuse of the historic Woolen Mills building located within a landlocked section of Albemarle County. The project immediately borders the city of Charlottesville, and a rare joint meeting was held so both plotting commissions could hear directly about Roy’s plans to have the area rezoned from light industrial to commercial use. Roy wants to build 100 residential units, or about 22 units per acre. An additional special-use permit would be needed for residential use.)

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(RECAP: More affordable housing for millennials, first-time home buyers and empty-nesters could be in Fredericksburg’s future. The developer of The Hamptons at Noble, a 128-unit apartment complex being built behind Huber Motor Cars’ Mercedes and Volvo dealerships on Fall Hill Avenue, is seeking rezoning of an adjacent parcel to build the second phase of the project. The Hamptons Phase II would include 78 townhouses, five apartment buildings with a total of 120 units, and a high-end car dealership next to Huber’s Volvo dealership. The City Council will hold a public hearing on Norfolk-based S.L. Nusbaum Realty Co.’s request and may take action on it when it meets Tuesday in council chambers. If the rezoning is approved, Nusbaum would use a VHDA tax credit to fund the multifamily part of the project. This would allow it to build affordable housing for people in the $48,000 to $78,000 household income range.)

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