Here's your bank failure explainer as House hearings approach
Not sure how to talk about recent bank failures with your clients? Want to know what's happening next? Here's your guide to SVB, Signature and the upcoming House hearings
by Eric Bramlett Mar 23
Fed Chair Jerome Powell signals latest rate hike could be the last
Mortgage rates expected to ease even as Fed vows to continue 'quantitative tightening' that's trimming mortgage holdings by $35B a month
by Matt Carter Mar 22
Homebuyer demand up 3rd week in a row as mortgage rates ease
The unusually wide 'spread' between 10-year Treasury yields and 30-year fixed-rate mortgages means mortgage rates could have more room to come down
by Matt Carter Mar 22
'All strapped in': Luxury clients face whiplash as banking fallout unfolds
The sudden change in the global banking landscape has left luxury real estate clients hanging out 'in the parking lot,' Kofi Nartey said, as they wait to see where the remaining chips will fall
by Lillian Dickerson Mar 17
Real estate industry reacts to the SVB meltdown: The Real Word
Opinion
This week, Byron Lazine and Nicole White discuss Brad Inman's view on the Silicon Valley Bank collapse, Plunk's impact on the real estate industry and Elon Musk's future Texas fiefdom
by Byron Lazine Mar 17
As losses mount, Blend looks beyond mortgage for future growth
San Francisco-based cloud banking software provider has trimmed the company's payroll by nearly 800 employees and cut annual expenses by $72M
by Matt Carter Mar 16
How scary is a contagion? Imagine if everyone sold their house at once
Opinion
Could a contagion hit real estate? Not now, Inman founder Brad Inman writes. But cavalier lending, greed and bad actors can all wreak havoc on the housing market
by Brad Inman Mar 16
LoanDepot says it has 'full access' to $600M Signature Bank credit lines
Struggling mortgage lender also assures investors that it has moved $225M in cash it held at Signature Bridge Bank to another institution
by Matt Carter Mar 15
Property managers dodged bullet after Signature failure — for now
A short-term fix by the federal government helped thousands of property managers keep the lights on after the collapse of Signature and Silicon Valley Bank. But lending will be tougher now
by Taylor Anderson Mar 14
Mortgage rates nosedive in fallout from Silicon Valley Bank failure
Bank failures and slowdown in wage growth have forecasters thinking the Federal Reserve will back off from aggressive rate hike campaign when it meets next week
by Matt Carter Mar 13
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 was part of an ecosystem that sped up innovation
Opinion
Silicon Valley Bank, which regulators took control of Friday after a run on the bank, understood the digital age, supported entrepreneurs and understood our needs, Brad Inman writes
by Brad Inman Mar 13
No, it's not 2008: How to talk to your clients about Silicon Valley Bank
Opinion
The meltdown of Silicon Valley Bank sent shockwaves through the proptech industry. Here’s how to keep it from poisoning the well during the spring market
by Troy Palmquist 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
Title tech provider Flueid announces $15M Series B raise
Series A investor Aquiline Technology Growth led the latest funding round following the closure of a new $365M fund, Aquiline Technology Growth Fund II, back in May
by Matt Carter Oct 11