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Pineapple Financial Expands into Alberta Market

Pineapple Financial Expands into Alberta Market

by Phil Hall | Feb 7, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Toronto-headquartered mortgage brokerage Pineapple Financial Inc. (NYSE: PAPL) has added three Alberta-based teams to its network, which marks the company’s first foray into the Alberta market. “Pineapple proudly welcomes industry leaders Brad Gavin,...
Freddie Mac Extends Mortgage Assistance to Very Low Income Borrowers

Freddie Mac Extends Mortgage Assistance to Very Low Income Borrowers

by Phil Hall | Feb 6, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Freddie Mac (OTCQB: FMCC) announced potential homebuyers earning 50% of area median income or less will be eligible for a $2,500 credit that may help with down payment and other costs at closing under a new initiative that begins on March 1. The funds can also be used...
Household Debt Reached $17.5 Trillion in Q4 2023

Household Debt Reached $17.5 Trillion in Q4 2023

by Phil Hall | Feb 6, 2024 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

U.S. household debt increased by $212 billion (1.2%) during the fourth quarter of 2023 to reach a total of $17.5 trillion, according to the Federal Reserve Bank of New York’s Center for Microeconomic Data. Mortgage balances rose by $112 billion from the previous...
JPMorgan Chase to Add 500 Bank Branches by 2027

JPMorgan Chase to Add 500 Bank Branches by 2027

by Phil Hall | Feb 6, 2024 | Commercial Real Estate News

JPMorgan Chase (NYSE:JPM) has announced plans to add over 500 new bank branch locations across the U.S. by 2027. According to combined media reports, the new branches will be in markets where the bank is under-represented – including Boston, Charlotte, Minneapolis,...
John ‘Buz’ Gorman, Longtime General Counsel for the CSBS, Has Died

John ‘Buz’ Gorman, Longtime General Counsel for the CSBS, Has Died

by Phil Hall | Feb 6, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Conference of State Bank Supervisors (CSBS) has announced the passing of its longtime general counsel John “Buz” Gorman away after an eight-month battle with glioblastoma. Gorman started his career at CSBS in 1996 and served as its general counsel for the last 15...
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