Marcus & Millichap posted $208.4 million in third-quarter revenue as commercial property sales activity improved, but the brokerage remained unprofitable at the operating level even as it reported positive net income.The California-based commercial real estate...
Ares Commercial Real Estate Corporation reported a $10 million third-quarter profit, but the result was boosted by a $7.1 million gain on the sale of an office property as the commercial mortgage lender continued to reduce troubled real estate exposure.In its November...
The U.S. economy added 165,000 jobs in October, while unemployment held near 4.1%, giving mortgage markets a stronger-than-expected labor reading just as lenders and homebuyers weigh the prospect of another Federal Reserve rate increase.The Bureau of Labor Statistics...
The Bank of England raised its benchmark interest rate by a quarter percentage point to 4% on November 5, a move that adds pressure to an already strained British housing market as policymakers confront renewed inflation risks.The Monetary Policy Committee’s...
Four more mortgage lenders have joined FICO’s Preferred Program, extending a recent series of sign-ups as the industry prepares to work with more than one credit-scoring model. The additions are DHI Mortgage, loanDepot, Paramount Residential Mortgage Group and...
Marcus & Millichap Revenue Climbs 7.5%, but Brokerage Still Posts Oper…
Bank of England Raises Rate to 4% as Mortgage Approvals Fall and Inflation …
