Fannie Mae CEO is out, mortgage giant says in surprise announcement
Fannie Mae CEO Priscilla Almodovar was replaced on an interim basis by COO Peter Akwaboah. FHFA Director Bill Pulte fired Freddie Mac CEO Diana Reid in March after board shakeup
by Matt Carter Oct 22
A picture of a multi-unit building to symbolize multifamily real estate market
By identifying a niche market and connecting with renters there, multifamily investors can build a successful business while providing renters with what they seek most, Michael Zaransky writes
by Michael Zaransky Jul 11
Fraud allegations against rental owners reach new high
Regulators and prosecutors are cracking down on landlords who've falsified income and expense data on crucial loan documents, according to a new feature published by 'The Wall Street Journal'
by Marian McPherson Jul 8
Banks from Tokyo to NYC feel the pain as US office market takes a hit
Tokyo's Aozora Bank and New York Community Bancorp posted massive losses tied to commercial real estate loans Thursday morning, an indication that threats to the office sector aren't over yet
by Ben Verde Feb 1
NYC's rep falters amid lower economic, real estate prospects
The city ranked lower than 18 other cities, including Boston, Seattle, and Boise, Idaho, on factors like post-COVID recovery and commercial real estate, according to an analysis by JPMorgan
by Ben Verde Oct 23
JPMorgan is set to become America's next big landlord
Weeks after the banking giant unveiled a new property management system for rentals, JPMorgan announced it's investing in a $1B single-family built-for-rent venture
by Taylor Anderson Nov 17
Mortgage giants Fannie and Freddie battened down the hatches in Q3
Fannie and Freddie remain profitable but are setting aside pots of money to cover future losses in the event that falling home prices drive up defaults
by Matt Carter Nov 8
Fannie Mae looks to affordable housing nonprofit for next CEO
Former JP Morgan Chase Director Priscilla Almodovar leads Enterprise Community Partners, which has business ties to the mortgage giant
by Matt Carter Sep 29
Manhattan's luxury market sees worst sales week since Aug. 2020
Signed luxury contracts in Manhattan hit a new low during the week ending Aug. 21, according to a report from Olshan Realty Inc. Luxury agents say there are a number of reasons why
by Lillian Dickerson Aug 26
JP Morgan Chase: 100-year-old WWII vet can stay in his home
James Been, a 100-year-old army veteran and Brooklyn native, had foreclosure charges against him by JP Morgan Chase dropped on Friday
by Lillian Dickerson Jun 29
Young buyers disproportionately impacted by economic fallout
According to Down Payment Resource's latest report, millennials and Gen-Zers were on track to hit their homebuying peak before April's record layoffs
by Marian McPherson Apr 22
JP Morgan Chase temporarily terminates HELOC loan offering
Chase Home Lending Chief Marketing Officer Amy Bonitatibus said the change would help Chase better focus on 'existing customers'
by Marian McPherson Apr 17
Wells Fargo hires mortgage tech chief from JP Morgan
Steve Hagerman will serve as Wells Fargo's head of consumer lending technology and will be responsible for the bank's new and emerging technology platforms
by Jim Dalrymple II May 29
3 rules every agent should follow
Add these to the top of your rulebook for success in your personal and professional life
by Kenneth N. Brown Apr 22
JPMorgan Chase is using Pinterest to reach millennials
The bank's new marketing campaign creates boards of potential renovations and then offers financing options