Signature becomes 2nd major real estate-focused bank to fail
Signature was the largest commercial real estate lender in New York City by transaction volume and third-largest by volume since January 2020, according to PincusCo
by Taylor Anderson Mar 13
Silicon Valley Bank, proptech hub for real estate clients, collapses
In the most dramatic banking implosion since the Great Recession, regulators on Friday shut down the bank, which boasted ties to proptechs, including Airbnb, Opendoor and OJO
These 15 markets are poised to become the next iBuying hotspots
A change in Federal Deposit Insurance Corporation regulations will make it easier for iBuyers to enter markets in the North and South, according to home-value data platform Ownerly
by Marian McPherson Feb 28
Appraisal requirements axed on sales of $400K and under: Fed
Approved by the Federal Reserve on Friday, the adjustment, from $250K to $400K, marks the first time in 25 years such an appraisal threshold has changed