New York City-based LEX Markets Corp. recently introduced a new platform for investors in commercial real estate by making available equity shares of individual commercial real estate assets. Investors would be able to trade these shares, without fees or required holding periods, on LEX’s fully-licensed securities platform.
January 13, 12:12 PM
Mortgage applicants from Black homebuyers are being denied at a rate 84% higher than white applicants, according to a new report from Zillow Group Inc. (NASDAQ: Z) (NASDAQ: ZG).
January 12, 12:00 PM
The Seattle-headquartered real estate brokerage Redfin (NASDAQ: RDFN) has acquired Bay Equity Home Loans, a national, full-service mortgage lender, for $135 million in cash and stock.
Rocket Companies Experiencing Massive Growth, Expanding New Business Platforms Ahead Of Fed Interest Rate Hikes
January 8, 5:19 PM
WSJ reports that Rocket has experienced big gains in mortgage originations, but the stock price hasn’t followed. The mortgage giant is expanding its Rocket Homes and Rocket Autos platforms ahead of Fed interest rate hikes, along with purchasing Truebill, an all-in-one finance app.
January 6, 12:28 PM
The delinquency rate for commercial mortgage-backed securities (CMBS) ended 2021 on a rare uptick, according to new data from Trepp LLC. What Happened: The Trepp CMBS delinquency rate in December was 4.57%, a 19-basis-point increase from November and the first time in 18 months that the rate was up.
January 4, 6:18 PM
The recent spike in lumber prices has created a simultaneous spike in the costs of newly-constructed single-family homes, according to data released by the National Association of Home Builders (NAHB).