Fitch Ratings reduced its 2023 outlook for the U.S. real estate investment trust (REIT) sector outlook from “Neutral” to “Deteriorating,” citing the tumult in the commercial real estate space. While Fitch noted that most of its rated REITs...
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...
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...
The largest U.S. banks are footing the bill on replenishing the deposit insurance fund that was exhausted by the collapse of three regional banks within a month. According to a Reuters report, the Federal Deposit Insurance Corp. (FDIC) has introduced a new a...
Massachusetts High Court Upholds Transit-Zoning Mandate for 177 Communities
