Terra Property Trust Inc., a New York City-based real estate investment trust focused on commercial real estate, reaffirmed its commitment to merge with Western Asset Mortgage Capital Corp. (NYSE: WMC) after the latter received an unsolicited acquisition bid from...
James Bullard, president and chief executive officer of the Federal Reserve Bank of St. Louis, announced that he will step down from his position to become the inaugural dean of the Mitchell E. Daniels Jr. School of Business at Purdue University. Bullard’s last day at...
U.S. Sens. Mike Braun (R-IN) and Roger Marshall (R-KS) have introduced the Middle Class Borrower Protection Act to reverse the Federal Housing Finance Agency’s (FHFA) recent mortgage rule that changed to the Loan-Level Price Adjustment (LLPA), which many critics...
Farmers Business Network Inc., an agtech platform and farmer-to-farmer network headquartered in San Carlos, California, has introduced AcreVision, a platform designed to provide farmers with property information when making land purchases. According to the company,...
Mortgage rates continued to rise and nearly hit the dreaded 7% mark, according to Freddie Mac’s (OTCQB:FMCC) latest Primary Mortgage Market Survey. The 30-year fixed-rate mortgage averaged 6.96% as of July 13, up from last week when it averaged 6.81%. A year ago at...
Keller Williams (KW) announced former CEO Mark Willis is returning to the Austin-headquartered company as a strategic consultant. Willis served as president of KW from 2002 to 2005 and as CEO from 2005 to 2015. While he continued to own KW franchises, Willis’...
AI Is Getting a Bigger Role in Home Valuations. Borrowers Need a Better Way…
