Featured Real Estate News
PennyMac Debuts Non-QM Product Suite
PennyMac Financial Services Inc. (NYSE: PFSI) has launched a suite of non-qualified mortgage (Non-QM) products in its third party origination (TPO) division. According to the Westlake Village, California-based company, the new products are designed to “help TPO...
PennyMac Debuts Non-QM Product Suite
The new products are designed to “help TPO partners solve complex borrower scenarios, expand their addressable market, and close more loans.” Continue Reading PennyMac Debuts Non-QM Product Suite
CMBS Delinquency Rate Dropped to 7.14% in February
The delinquency rate for commercial mortgage-backed securities (CMBS) decreased by 33 points in February to 7.14%, according to a new data report from Trepp Inc. One year ago, the delinquency rate was 6.30%. “The decline came thanks to a net decrease in overall...
Ex-Credit Union Loan Officer Sentenced in HELOC Scheme
A former credit loan officer in Massachusetts was sentenced to 18 months in prison, followed by two years of supervised release, for defrauding his employer out of almost $1 million. According to the charges brought against him, Brian Socha was employed at MassMutual...
Shayne Farley Becomes CEO at Stellar MLS
Stellar MLS, the largest multiple listing service serving Florida and Puerto Rico, announced the official appointment of Shayne Fairley as CEO. Last July, Farley was announced to become the successor to Merri Jo Cowen, who will continue to serve in a strategic...
News & Current Events
Amit Sripathi Named CFO at Wyndham Hotels & Resorts
Prior to Wyndham, Sripathi was vice president of finance and capital markets at RLJ Lodging Trust. Continue Reading Amit Sripathi Named CFO at Wyndham Hotels & Resorts
Amazon Acquires Virginia Campus of George Washington University for $427 Million
The deal will allow the university to remain on the property for up to five years as campus-based programs and university offices are relocated. Continue Reading Amazon Acquires Virginia Campus of George Washington University for $427 Million
Thousands of Boston Properties at Risk of Sinking Due to Rotting Wooden Foundations
Wood pilings can last for centuries underwater, but they begin to decay when exposed to oxygen. Continue Reading Thousands of Boston Properties at Risk of Sinking Due to Rotting Wooden Foundations
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Boston Approves New Seaport District Hotel Across from Menino Center
The new hotel will join the existing Aloft and Element Boston Seaport hotels as the newest component of a 968-key hotel and retail campus. Continue Reading Boston Approves New Seaport District Hotel Across from Menino Center
Hits and Misses for the Real Estate Week of Feb. 16-20
A proposed property tax hike in New York City, a California lawmaker fighting for homeowner insurance rights, and a hotel executive forced out of his job because of a toxic friend. Continue Reading Hits and Misses for the Real Estate Week of Feb. 16-20
Home Builders Renew Exemption Call on Building Materials as Trump Plans Global 10% Tariff
The National Association of Home Builders (NAHB) renewed its call to exempt building materials from his renewed tariff targeting after the Supreme Court voted 6-3 to reject President Trump’s expanded use of the International Emergency Economic Powers Act (IEEPA) for...
Drop in Pennsylvania Home Sales and Prices Blamed on Severe Winter Weather
Last month, Pennsylvania home sales decreased to 4,560, down 45% from December and down nearly 36% year-over-year. Continue Reading Drop in Pennsylvania Home Sales and Prices Blamed on Severe Winter Weather
New York State Home Sales Declined 7.5% in January
The statewide median sales price rose 7.2% year-over-year to $445,000. Continue Reading New York State Home Sales Declined 7.5% in January
Senator Warren Leads Democrats in Accusing DOJ of ‘Corruption’ in Approving Compass-Anywhere Merger
“This decision raises questions about corruption under your watch and its impact on housing affordability for American families,” said the letter to Bondi. Continue Reading Senator Warren Leads Democrats in Accusing DOJ of ‘Corruption’ in Approving Compass-Anywhere Merger