Prospective buyers visit an open house for sale in Alexandria, Virginia. Jonathan Ernst | Reuters It hardly sounds like news anymore: Mortgage rates fell to another record low last week, and that revitalized the demand for refinancing. Home buyers, however, took a step back. The total volume of mortgage applications …
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Pedestrians go through commercial real estate in Manhattan. Michael Nagle | Bloomberg | fake pictures Delinquencies in commercial mortgage-backed securities last month had their biggest one-month increase since Fitch Ratings began tracking the metric nearly 16 years ago. The delinquency rate reached 3.59% in June, an increase of 1.46% in …
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In the race to gain a competitive advantage in the burgeoning food delivery business, major players are dividing the map of the United States. UBER from Uber Technology Inc., + 5.99% intention to acquire privately owned Postmates Inc. for $ 2.65 billion after its failed offer by Grubhub Inc. GRUB, …
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With mortgage rates at record lows, it is no wonder that many Americans are refinancing their homes. Add to that the coronavirus pandemic and economic downturn, and the need to find additional cash or cut expenses becomes even greater. In fact, refinancing requests are 74% higher than a year ago, …
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In an effort to get people off the streets and shelters during the coronavirus pandemic, the state has moved about 14,200 homeless Californians to hotels and motels since April, Governor Gavin Newsom said Tuesday. The state has secured more than 15,670 rooms as part of its Project Roomkey initiative, exceeding …
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