Better HoldCo Inc., the parent company of Better Mortgage, is merging with Aurora Acquisition Corp. (NASDAQ: AURC, AURCU, AURCW), a publicly traded special purpose acquisition company (SPAC). The company had first announced the plan to merge with Aurora in May 2021,...
A coalition of 18 national trade associations representing the stakeholders in the housing industry sent a letter to Federal Housing Finance Agency (FHFA) Director Sandra Thompson warning that mandatory rent control and rent stabilization policies will increase rents,...
Florida Gov. Ron DeSantis’ affordable housing director has been suspended from his job less than six months after he was hired. According to combined media reports, Michael DiNapoli, executive director of the Florida Housing Finance Corp., was placed on administrative...
The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) has formed a search committee to identify a new president and CEO who will succeed Teresa Bryce Bazemore when her term expires on March 14, 2024. “When the Federal Home Loan Bank of San Francisco...
The Federal Reserve announced another hike in the federal funds rate that brings it to a 22-year high. The central bank’s policymaking Federal Open Market Committee (FOMC) voted unanimously on a quarter-percent increase that brings the rate range to 5.25% to 5.5%. In...
Banc of California Inc. (NYSE: BANC) and PacWest Bancorp (NASDAQ: PACW) have signed a definitive agreement to enact an all-stock merger transaction. Under the terms of the agreement, PacWest will merge into Banc of California, and Banc of California, N.A. will merge...
Hits and Misses for the Real Estate Week of Aug. 10-14
