The attempt to launch Japan’s first casino is off to a shaky start as some banks might be having a change of mind in backing the project. According to a Nikkei Asia report, the project is based in Osaka and will feature a hotel, casino, theater and international...
Two highly competitive Michigan titans of mortgage banking who also happen to own rival professional basketball teams have zero fondness for each other – and one of the duo just took a smack at the other today in a sports podcast. Mat Ishbia does double duty is...
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...
Real estate brokers and agents have a message for home sellers: play up the energy efficiency aspects of your property. According to the newly released “2023 Realtors and Sustainability Report – Residential” published by the National Association of Realtors (NAR),...
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...
Fewer prospective homebuyers were on the hunt for home loans last week while jumbo mortgages fell out of favor with many lenders, according to the Mortgage Bankers Association (MBA). The trade group’s Market Composite Index was down by 1.2% on a seasonally adjusted...
