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Results: 207 Articles found.
Oct 30, 2019 12:30 PM

Supreme Court Will Hear Case on Constitutionality of CFPB

The Supreme Court announced Oct. 18 it will hear a case challenging the constitutionality of the Consumer Financial Protection Bureau, and a decision is expected by June, CNBC reported. The case alleges that the structure of the CFPB gives its director too much power, in violation of the Constitution’s separation of powers clause.

 
Oct 30, 2019 12:30 PM

Global Banking Outlook Dims; Reinvention Required to Survive Downturn: Report

Approximately 60% of global banks are not generating returns on equity and need to reinvent themselves to survive the next downtown, according to a report released Oct. 21 by consulting firm McKinsey. The firm suggests such tactics as ramping up risk-management systems, identifying new customer bases and building out digital talent bases and data analytics.

 
Oct 24, 2019 08:00 AM

Appraisers Provide a Wide Variety of Services, Appraisal Institute Says

Hiring a Designated Member of the Appraisal Institute can provide a broad range of benefits to commercial and residential clients, the president of the nation’s largest professional association of real estate appraisers said today.

 
Oct 23, 2019 12:30 PM

Fed to Expand Balance Sheet, but No Quantitative Easing

Federal Reserve Chair Jerome Powell on Oct. 11 announced a plan for the Fed to expand its balance sheet by purchasing government-backed securities, but said the effort is not quantitative easing, The New York Times reported. The Fed’s previous quantitative easing policy ended in 2014 after accumulating $4.5 trillion in assets, including mortgage-backed securities.

 
Oct 23, 2019 12:30 PM

OCC Fines Citibank $30M Over Delayed Foreclosure Sales

The Office of the Comptroller of the Currency fined Citibank $30 million over the lender’s failure to sell hundreds of foreclosed properties within the allotted 5-year timeframe, HousingWire reported Oct. 11. Federal regulations require banks to sell foreclosed properties within two to five years in order to expand housing inventory.

 
Oct 23, 2019 12:30 PM

Commercial Real Estate Executives Mostly Positive About Sector: Deloitte Survey

Commercial real estate executives from around the world who participated in a survey conducted by consulting firm Deloitte said they were mostly optimistic about sector performance during the next 18 months, MBA NewsLink reported Oct. 16. Nearly 75% of respondents said they anticipate increased transaction activity, but also increased borrowing costs.

 
Oct 22, 2019 11:05 AM

Distribution Facilities Drive Growth in Industrial Market: Valuation Magazine

Demand for distribution facilities is primarily driving growth in the healthy industrial real estate market, according to an article in Valuation magazine’s third quarter 2019 issue.

 
Oct 16, 2019 01:56 PM

FEMA May Buy Millions of Properties in Flood-prone Areas

Only 43,000 properties at high risk of flooding have been sold to the government since 1989, but data released Oct. 9 by the Federal Emergency Management Agency showed that millions more may need to be purchased due to climate change, Bloomberg reported. The data also revealed that FEMA is unprepared for a massive, government-subsidized real estate buyout.

 
Oct 16, 2019 01:54 PM

CoStar to Acquire Hospitality Analytics Firm STR for $450M

CoStar Group announced Oct. 1 that it will acquire global hospitality and benchmarking firm STR for $450 million in cash, allowing CoStar to provide data and analytics on the $3 trillion hotel asset class. The deal is expected to close during the fourth quarter.

 
Oct 16, 2019 01:53 PM

Cap Rates for Commercial Properties Drop in the Second Quarter: The Boulder Group

Cap rates for retail, industrial and office properties in the single-tenant net lease investment sector fell for the second consecutive quarter, according to the Net Lease Market Report released Oct. 8 by investment services firm The Boulder Group, GlobeSt.com reported. The Federal Reserve's interest rate reduction was cited as a key factor for the second-quarter drop.

 
 
Results: 207 Articles found.

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