Oh the indignity of it all: On Tuesday afternoon insurance giant MetLife -- the folks who market their business using Snoopy, Linus and Charlie Brown -- told 4,300 mortgage workers to take a hike. Then, the very next morning it publishes a statement saying another unit of the company bought a luxury rental apartment building in Chicago's North River neighborhood. In other words: rentals are a safe bet, mortgage banking, not so much. (Maybe MetLife Home Loans' laid off workers can move into a rental once they lose their homes. It has 29 stories and 249 units.) As for MetLife's warehouse lending division, we're told 'mum's the word' but see the National Mortgage News website later today for an update on that (very fluid) situation…
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The serial entrepreneur, who also created Rapid Reporting and American Transfer & Trust, plans to remain active in industry causes, a LinkedIn post said.
September 18 -
Almost 45% of buyers received a seller concession this summer, while more than 15% saw a reduction in the asking price to go along with it, according to Redfin.
September 18 -
With 55% of homeowners planning to renovate rather than relocate, demand for home improvement capital will be strong even if the purchase market slows further.
September 17 -
Last week's bond market turmoil continued leading up to the FOMC decision on Wednesday, pushing the 30-year fixed to near or over 7%, depending on the source.
September 17 -
The Securities and Exchange Commission said Rule 14a-8 exceeds its statutory authority and intrudes on matters of state law. Shareholder advocacy groups, however, argue that repealing the rule could reduce transparency.
September 17 -
Brian Johnson's nomination to lead the Consumer Financial Protection Bureau advanced to the full Senate Thursday morning in a party-line vote.
September 17










