Wells Fargo & Company (NYSE: WFC) has announced CEO Charlie Scharf will become the chairman of the board. When Scharf becomes chairman, the Wells Fargo board intends to appoint a lead independent director. Scharf will receive a one-time special equity grant...
Commercial and multifamily mortgage loan originations during the second quarter were up by 48% from the first quarter and up 66% from one year earlier, according to data from the Mortgage Bankers Association (MBA). On a year-over-year measurement, there was a 140%...
The Link at Uptown, a Class AA office tower in the Uptown submarket of Dallas, has been sold for $218 million. Built in 2021, the 25-story Link at Uptown totals 292,000 square feet and features a tenant base that includes Houlihan Lokey, PMG and McGuireWoods. The...
The confidential data of New York City residents who applied for the municipal affordable housing lottery program may have been exposed in a data breach. CBS News reports a website used to internally sort applications in the city’s Housing Connect lottery...
A pair of new data reports showed a slight decline in mortgage rates and a slight uptick in homebuyer affordability. The 30-year fixed-rate mortgage averaged 6.72% as of July 31, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC)....
Tri Pointe Homes Inc. (NYSE: TPH) has opened its first Utah community with Polaris at Terraine in West Jordan. The new community will begin sales on Aug. 2 with an initial 32 single-family homes up to 3,400 square feet (including finished basements), featuring three...
Escrow Abuse in the Spotlight: What the McKenna Case Means for Real Estate …
