PNC Bank to Double Branch Expansion Plans
PNC Bank, a member of The PNC Financial Services Group Inc. (NYSE: PNC), announced a $500 million increase to its branch investment with the goal of opening more than 100 additional new branches and renovating 200 more existing locations across the country. According...
Greenstone Partners Promotes Brewster Hague to Partner
Greenstone Partners, a Chicago-based commercial real estate brokerage firm, has promoted Brewster Hague from senior director to partner. Hague joined Greenstone Partners in 2019 as a retail and mixed-use commercial real estate broker in the urban and suburban Chicago...
Mortgage Delinquency Rate Up Slightly from Last Year
The delinquency rate for mortgage loans on one-to-four-unit residential properties totaled 3.92% of all loans outstanding by the end of the third quarter of 2024, according to data from the Mortgage Bankers Association (MBA). The delinquency rate was down 5 basis...
Q3 Multifamily Property Developer Sentiment is Mixed
Multifamily property developers viewed the third quarter with mixed feelings according to the latest Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB). The MMS produces two separate indices. The first is the Multifamily...
Federal Reserve Enacts Second Consecutive Rate Cut
The Federal Reserve enacted its second consecutive rate cut, with a 25-basis point drop that brings the federal funds rate range to 4.5% to 4.75%. The unanimous decision by the central bank’s Federal Open Market Committee follows the September decision for a 50-basis...
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CMBS DELINQUENCY RATE DROPS BY FIVE BASIS POINTS. Learn more at https://wrenews.com/cmbs-delinquency-rate-drops-by-five-basis-points/
JEF CONN NAMED 2024 BOARD CHAIRMAN OF TEXAS REALTORS. Learn more at https://wrenews.com/jef-conn-named-2024-board-chairman-of-texas-realtors/
MBA’S BROEKSMIT EXPRESSES ‘SIGNIFICANT CONCERN’ OVER PAUSING FORECLOSURES ON VA-GUARANTEED LOANS. Learn more at https://wrenews.com/mbas-broeksmit-expresses-significant-concern-over-pausing-foreclosures-on-va-guaranteed-loans/
