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...
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...
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 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...
Mortgage lenders that operate both retail and wholesale channels have long faced a technology problem that has little to do with originating the loan itself: the two sides of the business often don’t run through the same front door. nCino is trying to change...
Fed Beige Book Finds Housing Weakness Spreading as Rates Squeeze Buyers
