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‘There will be bank failures,’ Fed chief tells lawmakers

Housing Wire

banks to fail in the coming months because of declining values and defaults in their commercial real estate loan portfolios. We have identified the banks that have high commercial real estate concentrations, particularly office and retail and other [property types] that have been affected a lot,” Powell said. “We FDIC), banks held $2.78

Banks 467
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eXp Realty makes changes to its executive team

Housing Wire

Sean Murphy is eXp’s new senior vice president of commercial growth, while Nadia Habib was promoted to the role of senior vice president to oversee growth in Canada. Susan McClain was named vice president of agent success, a role in which she will focus on increasing agent support and satisfaction. 3 spot in the rankings. million in 2022.

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How High Interest Rates Are Changing Commercial Property Lending

Propmodo

This has been a perfect storm for the commercial real estate lending industry. Falling property prices and liquidity fears are causing banks to slow or stop lending on commercial properties. All of this combined to push commercial lending to a standstill. So, how has the industry adapted to this systemic shock?

Lending 113
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University Bank adds four reverse mortgage veterans to its HECM division

Housing Wire

Certifications, reverse posture Haviland and Droge have certified reverse mortgage professional (CRMP) designations from the National Reverse Mortgage Lenders Association (NRMLA). Obviously we have a forward lending division, we have the reverse mortgage lending division and a commercial panel, as well as an insurance company.

Banks 418
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Brokerage executives double down on their lead generation strategies

Housing Wire

Meanwhile, a customer relationship management system, along with experts in marketing, sales and other areas, are designed to support these teams, he said. “If Djon said these leaders are “at the top,“ with the ability to recruit other agents and override what the unit does, which is a way to retain these top-performing employees.

Brokerage 368
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14 indispensable AI tools for real estate agents

Housing Wire

Instead of just choosing a room type and furniture style, Reimaginehome lets you choose color themes, create landscape designs, and replace cloudy skies. Since real estate tech changes by the hour these days, we did a deep dive into the most helpful AI tools for real estate agents on the market today.

Agents 390
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7 Amazing Trends That Are Reshaping Commercial Real Estate

Realty Biz

Commercial real estate architecture is changing every year and each year with new materials, layouts, designs and market demands that dictate how the world of real estate develops. Sustainability efforts. Corporate sustainability has been going strong for quite some time and it’s still trending in 2020. Better workplace experience.