Ellington Financial Inc. (NYSE: EFC), an Old Greenwich, Connecticut-based real estate investment trust (REIT) focused on both residential and commercial mortgage loans, is acquiring Great Ajax Corp. (NYSE: AJX), a New York City-based REIT that invests primarily in...
The Federal Housing Administration (FHA) published a Mortgagee Letter that increases the threshold at which a multifamily loan is considered a large loan from $75 million to $120 million. This marked the first increase in the multifamily loan threshold since 2014. The...
More bank branches were closed than opened during May, according to a data analysis from S&P Global Market. Last month saw the closing of 273 bank branches. U.S. Bancorp, the Minneapolis-based parent company of U.S. Bank NA, led the industry with the most active...
The National Association of Realtors (NAR) has launched a nationwide search to replace CEO Bob Goldberg, who is retiring at the end of 2024. The organization has tapped national talent firm Career Management Partners (CMP) in the search for Goldberg’s replacement,...
Builder confidence transitioned into positive territory for the first time in 11 months, according to the latest National Association of Home Builders (NAHB) / Wells Fargo (NYSE:WFC) Housing Market Index (HMI). The HMI for the market for newly built single-family...
The U.S. Department of Housing and Urban Development (HUD) announced a Notice of Funding Opportunity (NOFO) of $2 million through the HOPE VI Main Street Program. According to HUD, the grant program provides financial assistance to smaller communities looking to...
Which Market Boasts 99% of Active Listings Priced at $1 Million or Higher?
