Peachtree Group, an Atlanta-based investment firm focused on the commercial real estate sector, has named Melissa Ross Smith as chief operating officer. According to the company, Smith will be responsible for the overall performance, strategy and organizational...
There is an old and gruesome saying that death comes in threes. Last week, the Walt Disney Co. (NYSE:DIS) announced the death of two of its major real estate projects – and that leaves the morbid-minded speculating over which project will complete the rest-in-peace...
Mortgage Bankers Association President and CEO Bob Broeksmit took aim and fired an angry volley at politicians and regulators that he said were trying to burden the mortgage banking industry with a new round of onerous regulation. Speaking today at the trade group’s...
There are only four major U.S. metropolitan areas where it would be cheaper to buy a residence than rent the typical home, according to data from Redfin (NASDAQ:RDFN). In Detroit, the typical home is 24% less expensive to buy than rent – the median estimated monthly...
Rocket Mortgage, the retail home lender division of Rocket Cos. (NYSE: RKT), has introduced ONE+, a 1% down home loan program designed to expand access homeownership for low- and moderate-income households. According to the Detroit-headquartered company, the new...
PacWest Bancorp (NASDAQ:PACW) is selling a portfolio of real estate construction loans at a discounted price in an effort to strengthen its liquidity amid ongoing concerns over its viability. According to combined media reports, real estate investment company...
Hits and Misses for the Real Estate Week of Aug. 24-28
