Federal Reserve Chairman Jerome Powell has become the one of the most unpopular individuals in Washington, according to a new Gallup Poll measuring how Americans view the nation’s leaders. Powell scored a 36% approval rating, which is both his lowest Gallup...
The 30-year fixed-rate mortgage averaged 6.39% of today, according to new data from Freddie Mac (OTCQB:FMCC). This rate is down from last week when it averaged 6.43%. A year ago at this time, the rate 5.27%. The 15-year fixed-rate mortgage averaged 5.76%, up from last...
Another leading regional bank appears to be having a growing case of tumult. Reuters reported that Los Angeles-based PacWest Bancorp (NASDAQ:PACW) was in talks with potential partners and investors about “strategic options” following the deterioration of its stock...
The delinquency rate for commercial mortgage-backed securities (CMBS) as measured by Trepp Inc. remained unchanged in April at 3.09%. Year-over-year, the Trepp CMBS Delinquency Rate is down 42 basis points; year to date, the rate is up 5 basis points. “Declines in the...
As widely predicted, the Federal Reserve issued its tenth consecutive rate hike, this time enacting a quarter-percent increase. Rates are now in the 5%-5.25% range, marking the first time since September 2007 that rates went above 5%. The central bank’s policymaking...
The fintech sector is going to experience a sixfold increase in revenues over the next seven years, according to a new report by Boston Consulting Group (BCG) and QED Investors. The report, “Global Fintech 2023: Reimagining the Future of Finance,” is forecasting a...
Hudson Pacific Pushes a $1.1 Billion Hollywood Loan Maturity Into 2027 — Wi…
