72.9 F
New York
Tuesday, July 7, 2020
Wells Fargo announced that it plans to boost its mortgage processing division by bringing on new hires. The San Francisco-based financial services company says that it’s bringing new employees on board as it prepares for higher mortgage volumes that are expected due to lower mortgage rates.
This past week, mortgage rates fell to a nearly three-year low after concerns grew about the global economy. Weak home sales may have also been a contributing factor. According to Freddie Mac, fixed-rate 30-year mortgage rates fell to 3.75 percent and had a 0.5...
The number of foreclosures in the U.S. has declined for the 11th month in a row, according to ATTOM Data Solutions. The data provider curates much of the nation’s property database. The findings were released in its U.S. Foreclosure Market Report for May 2019. The report discloses...
A recent report by Unison showed that it takes the average American 14 years to save for a down payment to buy a home. The report, entitled the 2019 Home Affordability Report, shows that homeownership isn’t easily achievable for many would-be home buyers. The...
RE/MAX and Redfin have put the brakes on their two-month old partnership. In March, the brokerage firms agreed to exchange their U.S. and Canadian customer referrals via Redfin’s Partner Agents program. However, after Redfin announced its intention to launch a cutting edge tool...
Earth Day is Monday, April 22 and with that in mind, the National Association of Realtors (NAR) has just released its REALTORS and Sustainability 2019 Report. The report highlights consumer preference about environmental sustainability features in real estate. NAR has previously pledged a...
Homeownership is more affordable this week, thanks to falling mortgage rates. Fixed rate mortgages averaged 4.41 percent during the second week of February 2019. Freddie Mac says the decline represents a 10-month low for 30-year fixed rate mortgages. In spite of signs of...
Hyatt Hotels (NYSE: H) announced on October 8th it reached an agreement to acquire Two Roads Hospitality for $480M. The acquisition adds to Hyatt a unique collection of brands and an extensive development pipeline. The deal is expected to close later this year after which Two Roads'...
Government Properties Income Trust (Nasdaq: GOV) and Select Income REIT (Nasdaq: SIR) announced on September 17 that they have agreed to merge in a deal worth $3.6b. UBS and Citigroup served as financial advisers on this merger with legal assistance from Shearman & Sterling and White &...
Pebblebrook Hotel Trust (NYSE: PEB) announced on September 6 that it will acquire 100% of LaSalle Hotel Properties’ (NYSE: LHO) outstanding common shares for a total of $5b. Citigroup/Goldman Sachs and Bank of America Merrill Lynch/Raymond James served as financial advisers while McGuireWoods LLP as legal adviser...