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Trump Advisers Offer Possible Candidates to Replace Powell as Fed Chairman

Trump Advisers Offer Possible Candidates to Replace Powell as Fed Chairman

by Phil Hall | Mar 18, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Economic advisers to former President Donald Trump’s re-election campaign have offered a shortlist of candidates to replace Jerome Powell as chairman of the Federal Reserve. The Wall Street Journal, sourcing its coverage from unnamed “people familiar with the matter,”...
Camilo Escalante to Chair NAHREP’s Corporate Board of Governors

Camilo Escalante to Chair NAHREP’s Corporate Board of Governors

by Phil Hall | Mar 18, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

The National Association of Hispanic Real Estate Professionals (NAHREP) announced the appointment of Camilo Escalante as chairman of its 2024 Corporate Board of Governors (CBOG). Escalante is executive director of diverse segments at Guaranteed Rate, where he was...
IMBs Recorded Net Production Losses in Q4 2023

IMBs Recorded Net Production Losses in Q4 2023

by Phil Hall | Mar 18, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $2,109 on each loan they originated in the fourth quarter of 2023, according to new data from the Mortgage Bankers Association (MBA). This represented an increase...
$109 Million in Construction Financing Secured for Brooklyn Multifamily Development

$109 Million in Construction Financing Secured for Brooklyn Multifamily Development

by Phil Hall | Mar 18, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

Walker & Dunlop Inc. (NYSE: WD), the Bethesda, Maryland-headquartered commercial real estate finance and advisory service firm, announced it has structured $109 million in construction financing for the development of 1034-1042 Atlantic Ave., a to-be-constructed,...
Armour Residential REIT Chief Jeffrey J. Zimmer to Retire

Armour Residential REIT Chief Jeffrey J. Zimmer to Retire

by Phil Hall | Mar 18, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Armour Residential REIT Inc. (NYSE: ARR,  ARR PRC) announced the retirement of Jeffrey J. Zimmer as co-CEO, president, vice chairman and director of the company. Zimmer, who held the leadership role at the company since November 2009, will serve as an ex-officio,...
Hits and Misses for the Real Estate Week of March 11-15

Hits and Misses for the Real Estate Week of March 11-15

by Phil Hall | Mar 15, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

An unexpected settlement, an unexpected resignation and the unexpected closing of 1,000 stores. From the wild and wooly world of real estate, here are the Hits and Misses for the week of March 11-15. Miss: NAR’s White Flag. The National Association of Realtors...
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