The US Department of Agriculture (USDA) announced it is moving out of its longtime headquarters at the South Building in Washington, DC. “More than 85% of the South Building is unoccupied and there is a $1.6 billion backlog in deferred maintenance,” said Agriculture...
Salem, Oregon-headquartered Willamette Valley Bank announced it will discontinue it residential mortgage lending business effective March 31. “The residential mortgage industry has undergone significant changes in recent years, including the growth of online and...
The pizza chain Papa John (NASDAQ: PZZA) announced plans to close 300 US eateries by the end of 2027. Restaurant Dive reports the company, which is the fourth largest US pizza chain by sales, plans to shutter most of the targeted eateries this year. The locations...
The 30-year fixed-rate mortgage averaged 5.98% in today’s Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). This is down from last week when it averaged 6.01%. A year ago at this time, it averaged 6.76%. “For the first time in three and a half...
A St. Louis-area contractor who fraudulently obtained $1.7 million in pandemic loans was sentenced to three years in prison and ordered to repay the money. Coretta “Cory” Elliott owned and operated CMT LLC, a contractor that provided commercial construction,...
Airbnb Puts $250 Million Behind Stalled Housing Projects — Starting With 20…
