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,”...
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...
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...
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 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,...
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...