Los Angeles-headquartered City National Bank agreed to pay $31 million in relief to impacted individuals and communities to settle a redlining case with the U.S. Department of Justice (DOJ), the parties announced Thursday. City National […]
The nation’s single-family investment-property sector and the lenders serving those borrowers face some major challenges in 2023 as rent growth is slipping, vacancy rates growing, home-value growth faltering, and a possible recession looms. For the […]
Source: Forbes — Key Takeaways Just because there’s a recession doesn’t necessarily mean rent prices go down. In fact, during the 2008 recession, it was the exact opposite. In the current rental market, we have […]
In the midst of a challenging housing market, standing out from the crowd has never been more important. As nominations continue to roll in for the 2023 TECH100 award — nominations close today! — we’re seeing […]
Source: FT Adviser — Mortgage repayments now make up nearly 40 per cent of a first-time buyer’s net take-home pay, which high street bank Nationwide has said is “close to the levels seen in the […]
Wisconsin-based mortgage lender Waterstone Mortgage Corp. promoted Rico Garcia to vice president of enterprise risk from director of quality control, portfolio risk management and vendor management. In his new role, Garcia will supervise the quality […]
Source: Deseret News — If 2022 was a roller coaster year for the housing market, 2023 is expected to bring a painful but necessary real estate hangover. Nationally, a growing number of experts and firms are predicting […]
Going from a volatile rate environment in the latter half of 2022 to a market with lower, more stabilized rates, there’s optimism spreading across the industry that buyers will come back. Just two weeks into […]
Source: Scotsman Guide — Commercial mortgage brokers do not have to be economists or experts in monetary policy. But it is essential that a broker has a working knowledge of economics and an understanding of […]
Source: The Salt Lake Tribune — It’s just two weeks into 2023, and Utah real estate agents are already being told to look to 2024 for things to improve. Hundreds of them broke into a […]
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