Featured Real Estate News
Report: Nadeem Meghji Stepping Down as Global Head of Blackstone Real Estate
Nadeem Meghji is stepping down as the global head of Blackstone Real Estate, according to Wall Street Journal coverage sourced from unnamed “people familiar with the matter.” The Journal’s report stated Meghi was leaving so he could spend more time with his family. In...
Report: Nadeem Meghji Stepping Down as Global Head of Blackstone Real Estate
Meghi’s departure was to spend more time with his family. Continue Reading Report: Nadeem Meghji Stepping Down as Global Head of Blackstone Real Estate
Housing is Cooling Nationally. In These Affordable Markets, Buyers are Still Competing.
The national housing market may be losing momentum, but buyers aren't disappearing everywhere. They are concentrating. New Realtor.com Economic Research released Tuesday shows that the country's most competitive housing markets remain clustered almost entirely in the...
John Marshall, Bank of Clarke Strike $253 Million Deal to Build $4.4 Billion Virginia Bank
Two Virginia community banks are combining in a roughly $253 million transaction that will create a $4.4 billion institution stretching from the Shenandoah Valley through Northern Virginia and into the Washington, D.C., metropolitan area. John Marshall Bancorp, the...
First Citizens Takes Over 138 BMO Branches — and $5 Billion in Deposits
First Citizens Bank has completed one of the larger U.S. bank branch transfers of the year, taking control of 138 BMO locations across 11 states and adding approximately $5 billion in deposits to a balance sheet that already exceeds $225 billion. The acquisition...
News & Current Events
nCino Brings Broker Loans Into Its Retail Mortgage Platform as Wholesale Gains Ground
nCino is expanding its Mortgage Point of Sale to third-party originations, giving Encompass lenders a common front end for retail and broker-generated loans. Continue Reading nCino Brings Broker Loans Into Its Retail Mortgage Platform as Wholesale Gains Ground
EverBank and WaFd Strike $3.9 Billion Merger as Both Banks Shift Away From Residential Lending
EverBank and WaFd will combine in a $3.9 billion transaction creating a roughly $75 billion bank as both institutions shift their lending strategies toward commercial and specialty finance. Continue Reading EverBank and WaFd Strike $3.9 Billion Merger as Both Banks Shift Away From Residential Lending
Mortgage statement and household budget illustrating a mortgage payment divided between two paychecks
Split Pay has raised $125 million to expand a service that lets approved consumers split mortgage and rent payments in two while lenders and landlords still get paid in full on time. Continue Reading Mortgage statement and household budget illustrating a mortgage payment divided between two paychecks
Recent Posts
Report: Nadeem Meghji Stepping Down as Global Head of Blackstone Real Estat…- Housing is Cooling Nationally. In These Affordable Markets, Buyers are Stil…
- John Marshall, Bank of Clarke Strike $253 Million Deal to Build $4.4 Billio…
- First Citizens Takes Over 138 BMO Branches — and $5 Billion in Deposits
- nCino Brings Broker Loans Into Its Retail Mortgage Platform as Wholesale Ga…
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Exclusive News
Volunteer Job as California Lighthouse Keeper Comes with Free Rodent-Infested Apartment
“The apartments are not rodent-proof. The park will provide traps and cleaning supplies to help mitigate rodent intrusions,” the job description stated. Continue Reading Volunteer Job as California Lighthouse Keeper Comes with Free Rodent-Infested Apartment
Unlicensed Florida Broker Arrested for Defrauding First-Time Homebuyer
Cherisse Louidor was arrested Saturday on charges of grand theft of $20,000 or more and operating as an unlicensed real estate broker. Continue Reading Unlicensed Florida Broker Arrested for Defrauding First-Time Homebuyer
Report: Blue Owl Capital Planning to Launch Data Center REIT
Blue Owl has more than $319 billion of assets under management across credit, real assets and strategic capital. Continue Reading Report: Blue Owl Capital Planning to Launch Data Center REIT
South Korean Homebuyers Complain About Brokers Charging Fees to Tour Properties
The Korea Association of Realtors is seeking the creation of a viewing fee system that would set amount for showing homes and conducting site visits. Continue Reading South Korean Homebuyers Complain About Brokers Charging Fees to Tour Properties
We Said Competition Would Lower Mortgage Costs. Now Let’s Prove It.
FHFA is expanding VantageScore 4.0 across GSE mortgage lending. Now the industry needs to prove that greater credit-score competition actually benefits borrowers. Continue Reading We Said Competition Would Lower Mortgage Costs. Now Let’s Prove It.
Florida Realtors Allocate $10 Million to Promote Property Tax Relief Amendment
Florida Realtors said Amendment 3 offers “an opportunity to provide meaningful property tax relief while strengthening Florida’s commitment to attainable homeownership.” Continue Reading Florida Realtors Allocate $10 Million to Promote Property Tax Relief Amendment
349-Home Development Proposed at Historic Virginia Plantation
The property is currently under agricultural zoning, with a maximum of about 52 homes allowed by right. Continue Reading 349-Home Development Proposed at Historic Virginia Plantation
Brooklyn Condo Developer Ordered to Pay $6 Million to Defrauded Buyers
“When New Yorkers hand over their hard-earned savings for a down payment on a home, that money is not a piggy bank for developers to raid,” said New York Attorney General James. Continue Reading Brooklyn Condo Developer Ordered to Pay $6 Million to Defrauded Buyers
Opendoor Home Loans Ends Beta Period, Now Available for Homebuyers
The company is originating 30-, 20-, and 15-year fixed-rate mortgages, plus 5/6, 7/6, and 10/6 adjustable-rate mortgages. Continue Reading Opendoor Home Loans Ends Beta Period, Now Available for Homebuyers