The president of a California mortgage company was arrested for allegedly driving drunk and causing the vehicular death of an 88-year-old man. ABC News reports that Serene Vernon, president of OCMBC Inc., was arrested on suspicion of driving under the influence and...
Castlelake LP, a global alternative investment manager specializing in asset-based private credit, has partnered with Niam Credit, an alternative credit provider in Northern Europe, to provide financing solutions to the Nordic real estate market. The partnership will...
A Phil Hall Op-Ed: The other day, I had a conversation with Bart de Brujin, the co-founder of EstateX, a new real estate platform tokenization platform. EstateX promotes itself as a “revolution in the real estate industry” – while I can’t vouch for a revolution in the...
The delinquency rate on commercial mortgage-backed securities (CMBS) dipped by 1 basis point in January to 6.56%, according to data from Trepp Inc. One year ago, the CMBS delinquency rate was 4.66%. “This pullback follows six straight months of increases to the...
North Dakota legislators are considering a bill that would expand the age and income eligibility for the state’s homestead property tax credit. The homestead property tax credit program allocates state funds to local governments to compensate for the property tax...
Houston-headquartered Cornerstone Capital Bank has debuted a Community Lending Division with the goal of expanding homeownership opportunities for underserved communities across the nation. The new division will be based in Arlington, Texas, and the bank stated it...
Hits and Misses for the Real Estate Week of May 11-15
