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...
The U.S. Department of Housing and Urban Development (HUD) has announced the allocation of $29.5 million in noncompetitive funding to state and local fair housing enforcement agencies under its Fair Housing Assistance Program (FHAP). The FHAP is designed to provide...
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...
Zillow CEO, Directors Sued Over Redfin Deal and $81M in Stock Sales
