Browsing Category
Minneapolis Mortgages
Kudlow: Biden’s admin should be ashamed of himself
The "Kudlow" host offers his thoughts on the possible reversal of Roe v. Wade and on the economy. Please allow me to riff on two separate topics. First, there are some odds and ends about the Supreme Court leak scandal Roe v. Wade.…
Cedar Rapids student envisions black-owned business incubator similar to NewBo City Market
Washington High School's Danny Levy views paintings March 5 by Kathy Schumacher that feature historic women of color at…
5 things to know today: April storm, landlord lawsuit, pot legalization, local impact, growing…
1. April's 'multi-faceted' storm could have heavy impacts on North Dakota starting Friday…
As Median Twin City Homes Surpass $350,000, More Renters Are Giving Up Owning
For some in the home buying market, today's tight housing supply means there is more urgency to navigate. For others, it means putting their plans on hold.
MINNEAPOLIS — With the median home price in the Twin Cities…
Capital on Tap Secures $200M Funding Facility to Fuel Continued Growth
Capital on Tap secured a $200 million financing facility with HSBC and Värde Partners to support their continued growth in the United States.
ATLANTA and LONDON – April 12, 2022 – Capital on Tap was launched in 2012 and has provided over…
Federal Reserve Governor Lael Brainard: Inflation hits poorest families hardest
Low-income households are disproportionately burdened by high inflation — particularly rising food, housing and energy costs — but policymakers lack proper data to fully capture the disparity, according to remarks from the a senior Federal…
Stocks drop for second day, Nasdaq slips another 2% as Fed gives policy tightening plans
Stocks fell for a second day on Wednesday and rates hit new highs after the Federal Reserve gave more guidance on how quickly it will tighten monetary policy to fight inflation, raising fears of a downturn in the economy.The Dow Jones…
Behind the scenes with the NCAA Women’s Champions
MINNEAPOLIS (AP) — They made fun of each other. They were laughing among themselves. They shared meals, shared moments, dared to play ping-pong with their teammates, got serious when it was homework time and got very serious when…
Case-Shiller Index Shows 14% Growth in Metro Detroit Housing Market in January
Double-digit home price growth remains the norm, according to a national index that tracks home sales, as Metro Detroit's housing market continues to post strong increases.
Detroit prices rose 14% in January from a year earlier according…
America’s Most Splendid Housing Bubbles, March Update: Right Before the Big Mortgage Rate…
Mad mania to lock in mortgage rates when they were still at 3.2%. But now they are close to 5%.
By Wolf Richter for WOLF STREET.
So now we have a new look at incredibly high home prices, up more than 30% year-over-year in Phoenix…
Economic uncertainty hits… home ownership | Federal Reserve Bank of Minneapolis
Buy a home, build equity, and watch your wealth grow. This long-standing formula is how middle-class Americans have generated wealth for decades. When families are able to sell their homes voluntarily, black and white households gain…
In an economy on fire, experts offer solutions to inflation and labor issues at Midwest Economic…
FARGO - The economy is running hot, hot, hot.With inflation, the war in Ukraine, labor shortages, and supply chain issues plaguing the United States, businesspeople are looking for ideas to navigate toward stability.This…
Retail vacancy on Chicago’s Magnificent Mile more than doubles from pre-pandemic levels
Tenants who decided not to reopen their stores along the Mag Mile included Macy's, Uniqlo and The Gap.
Reproduced with permission from Direct commercial real estate:
The retail vacancy rate along the Magnificent Mile, a well-known…
America needs social housing | The nation
People gather at Governor Kathy Hochul's New York office to demand an end to evictions on August 31, 2021. (Photo by Michael M. Santiago/Getty Images)
To subscribe to The nation
Subscribe now for as low as $2 per month!…
Fed governor calls for half-point rate hikes
Federal Reserve Governor Christopher Waller said Friday that the central bank should raise interest rates at a more aggressive pace to deal with rising inflation.In an interview with CNBC's "Squawk Box" On Friday morning, Waller said he…
The racist story that helps explain our current wealth gap
Jamie Smith Hopkins | Center for Public Integrity | word in black
ReShonda Young examines the covenant imposed on homes in her neighborhood, including hers, which prevented black residents from moving in. (Jamie Smith…
The Racist Story That Helps Explain Our Current Wealth Gap – Center for Public Integrity
Reading time: 6 minutes
Do you know the history of discrimination in your community?
We dug into Waterloo, Iowa, for a podcast about the country's racial wealth gap. What we saw included two types of real estate racism that took…
Colliers Mortgage Minneapolis office closes Fannie Mae acquisition financing for 224 The Retreat…
MINNEAPOLIS, MN - The Minneapolis office of Colliers Mortgage, part of Colliers International | US, recently concluded a Fannie Mae loan to finance the acquisition of The Retreat Apartments located in…
Colliers Mortgage Minneapolis office closes $7 million loan from Fannie Mae for East Point Village…
MINNEAPOLIS, MN - The Minneapolis office of Colliers Mortgage, part of Colliers International | US, recently secured a $7 million loan from Fannie Mae to finance the acquisition of East Point Village…
Do you have new neighbors in Yakima? Home sales still hot
Despite a struggling economy and rising consumer prices, more and more people are buying homes in Yakima. According to Cory Bemis, owner of Yakima's John L. Scott Real Estate, the Yakima market continues to see gains across the board.Bemis…
JPMorgan invests $1.95 million to boost Black homeownership in the Seattle area
With the national black homeownership rate no better than the 1960sa new grassroots effort will look for ways to increase the number of black homeowners in the Seattle area. JPMorgan Chase said on Tuesday it will dedicate $1.95 million…
JPMorgan Chase commits $12 million to increase homeownership opportunities for Black, Hispanic and…
NEW YORK--(BUSINESS WIRE)--Today, JPMorgan Chase announced that five organizations will receive philanthropic capital under the program Commitment of $400 million over five years improve housing affordability and stability for…
America’s Most Splendid Real Estate Bubbles, February Update: Raging Mania in Phoenix to…
But the deals were struck when mortgage rates were still 3%, not 4% like they are today.
By Wolf Richter for WOLF STREET.
In some cities, house prices continued their wild spikes, such as Phoenix, where prices soared more than 30%…
Treasury rates see biggest daily gain in at least a week as Russia orders troops to two Ukrainian…
Two- and 10-year yields on U.S. government debt rose the most in a week or more on Tuesday as the market reacted to Russian President Vladimir Putin's deployment of troops to Ukraine to support pro-Russian regions. US…
Bertram Alexander Obituary (1936 – 2022) – Minneapolis, MN
Bertram "Bert" Alexander, born August 1, 1936 in Brooklyn NY died peacefully in Saint Louis Park, MN on February 18, 2022Born and raised by a loving family in Brooklyn, he was a true New York character through and through. He loved life,…
Keith D. Graham obituary | Tribune of stars
Graham, Keith D. Longtime Champlin resident Keith D. Graham died February 9, 2022. He was born in Sioux Falls, SD in 1928…
Kim Potter will make time for the murder of Daunte Wright
Minneapolis (KROC AM News) — Former central Brooklyn police officer Kim Potter was sentenced to prison, but not as long as state guidelines require. Judge Regina Chu Friday sentenced Potter to 24 months behind bars.Potter was facing a…
What is redlining and how can it be solved?
Credit: Gary Hershorn/Getty
REdlining has been a discriminatory lending practice that's been banned for centuries, but sadly, a few remnants of the bias protocol continue to haunt black and brown homeowners today. What is…
As Rubio raises millions for his re-election, the 2016 presidential campaign is in debt
Senator Marco Rubio. Photo: Fox
By Dan Christensen, FloridaBulldog.org
Republican US Senator Marco Rubio has cultivated a reputation as a debt expert for years. He co-introduced a bill in September to "start curbing our growing…
Looking for a new home in Yakima? Sales pick up again in 2022
The past two years have been banner years for the Yakima real estate market with increases in almost every category.Bemis knew the Yakima real estate market would be on fire again this yearCory Bemis, owner of Yakima's John L. Scott Real…
‘Midwest nice’ hides a history of racial terror and segregation
Despite a deep and surprising history of racism and the current reality of racial violence, the region has managed to avoid much scrutiny due to the myth that it is majority white. Many white people in the Midwest can live their lives with…
Business News: New GF Homes… ACME & CVB
US employers added 467,000 jobs in January, a sign of the economy's resilience, even in the face of a wave of omicron infections last month. The government report also significantly revised up its estimate of job gains for November…
Federal Reserve Events | national post
Breadcrumb Links PMN Policy PMN News Author of the article: Content of the article ***Indicates a new entry. ——————————————————– FOMC MEETING DATES: 2022 March 15-16 (second day: press release issued at 2:00…
ACH explains support for bill expanding healthcare access and affordability
Catholic Health Association officials said the organization supports provisions of President Joe Biden's Build Back Better Act that would expand health care access and affordability as the country recovers from the COVID-19 pandemic.…
Today’s Mortgage Refinance Rates Rise Slightly, But Still To Money-Saving Levels
Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as "Credible", is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders, all…
Colliers Mortgage Minneapolis office completes $6.8 million Fannie Mae refinance loan for Stadium…
MINNEAPOLIS, MN - The Minneapolis office of Colliers Mortgage, part of Colliers International | US, recently completed a Fannie Mae loan to refinance Stadium Oaks Apartments, a 120-unit multifamily…
Freddie Mac’s AIMI Shows Favorable Multifamily Investing
MCLEAN, Va., Jan. 12, 2022 (GLOBE NEWSWIRE) -- The Freddie mac (OTCQB: FMCC) Multi-Family Apartment Investment Market Index® (LOVE®) remained positive in the third quarter of 2021, driven by growth in net operating income (NOI),…
Another hot year expected in local real estate
Even though it's a cold winter, the Yakima real estate market remains warm with more homes now available in the local market.More homes are now on the market and the list is growingAccording to Cory Bemis, owner of Yakima's John L. Scott…
What if school integration was not the key to equity in education?
It is assumed that black children attending integrated schools will benefit from more resources, but ... the evidence is unclear and other interventions may be more effective.
getty
Would integration improve outcomes for the most…
Fed officials now see the U.S. labor market recovering almost completely
Christopher Rugaber
| Associated pressWashington - The U.S. labor market is nearing healthy enough levels that the central bank's low interest rate policies are no longer needed, Federal Reserve officials concluded last month, according…
U.S. Senator Tina Smith leads Senate hearing on expanding economic development in underserved…
The subcommittee discussed Senator Smith's bipartisan legislation aimed at addressing economic disparities and revitalizing economically struggling communities
WASHINGTON, - Today, U.S. Senator Tina Smith (D-Minnesota) chaired a productive…
The American History of Housing Discrimination Still Linked to Heart Risks for Black Americans
Almost a century ago, it was legal for US banks to deny mortgages to people in predominantly black communities, a practice known as âredliningâ. For several decades, this practice has been banned. But…
October home prices up 18.4% from 20
WASHINGTON - Home prices in the United States rose again in October as the housing market continues to grow following last year's coronavirus recession.The S&P CoreLogic Case-Shiller Home Price Index in 20 cities, released on…
Colliers Mortgage Nashville Office closes $ 8.9 million loan to Fannie Mae for Parkview Flats…
MINNEAPOLIS, MN - The Nashville office of Colliers Mortgage, part of Colliers International | US, recently completed an $ 8.9 million Fannie Mae loan to refinance Parkview Flats Apartment Homes, a…
Editorial: A look back at 2021 through an editorial lens
By the Herald Editorial Board
While we may have wanted a break, no one will dismiss 2021 as a year of downturn; not nationally, not in Washington State, and not in Snohomish County.
Here's a look back at the past year through the prism…
ICE Mortgage Technology announces expansion of MERS – NMP
The MERS RON video storage solution will provide a secure means to store, provide access and retrieve copies of RON video recordings for notaries, RON platform providers and authorized parties during the post-closing review , loan purchase…
Former National Bank resolves redlining allegations against Black Indy residents
The Evansville-based Old National Bank settled redlining allegations against black Indianapolis residents, agreeing to grant more than $…
Insider’s 30 rising real estate stars under 35 in 2021
Meet Insider's list of promising talents in commercial and residential real estate.
We have selected 30 young professionals aged 35 and under whose leadership…
Ridesharing spending is expected to reach $ 937 billion by 2026
Global consumer ridesharing spending to exceed $ 937 billion by 2026, Juniper study finds Press release.
The study, Ride Sharing: Value Chain Analysis, Market Size and Forecasts 2012-2026, found that this is equivalent to 50 times the…
Fed Should Invest in Gift Cards – The Mercury News
The Federal Reserve should stop buying mortgages and invest its money in restaurant gift cards.
The housing market has received enough help from the country's central bank - perhaps too much given the surge in prices we've seen. The Fed…
Violate the Spirit of America: Home Equity Theft in Massachusetts
24 Real estate, Mass Data, Massachusetts (1.99 million properties) (May 2021), sold by Estated. The lost value could be estimated for 152 of the 163 houses taken.
25 A median of 91% of equity and $ 224,000 per home.
26 The 11 communities…
The urgent imperative for businesses to promote financial literacy in communities of color
Philanthropy in communities of color
Luisa jung
Illustration by Luisa Jung
In 2021, Black purchasing power is estimated to be around $ 1.5 trillion, making it the focus of researchers, marketers, advertisers,…
First-time home buyers see prices slowing and inventory rising in Q3
By Elizabeth Renter | NerdwalletPrice growth slowed and inventories edged up at the nation's largest metros in the third quarter. And while many would-be first-time buyers have seen their economies boosted during the pandemic, those who…
San Diego rolls out of US rankings for house price hikes
San Diego fell from its position as one of the top markets for home price hikes in September.The S&P CoreLogic Case-Shiller Indices reported on Tuesday that the San Diego Metro saw house prices rise 25% in one year, making it the…
Tackling racial disparities still needs support, report shows – RISMedia
Overall, overt discrimination in housing has decreased over the years as a result of regulations guided by Fair Housing Laws; however, it is far from completely dispelled. And while some may not be able…
Wolters Kluwer names the winners of its 2021 Community Impact Award
Receive instant alerts for news on your actions. Claim your 1-week free trial for Street Insider Premium here.
Wintrust Bank and Armed Forces Bank honored at 25th Annual ARC and Fair Credit Symposium
MINNEAPOLIS -…
3 bank stocks to buy if you’re worried about inflation
As inflation heads north, investors are looking for opportunities in sectors that can help them navigate tough economic waters. And since banks generally do well under inflationary conditions, we think it might be wise to…
Critical theory of race. What is the Republican weapon to restore the United States?
Elections Tuesday in Virginia They shone the national and international spotlight on a subject - and its distortion - which has been debated in some countries for months. Republican Glenn Yongkin won by making it a pillar of his…
WhyHotel Launches New Hospitality Property in Nashville
NASHVILLE, Tennessee and WASHINGTON, November 4, 2021 / PRNewswire / - Why Hotel, a hotel and operator platform, today announced the acquisition of The Cadence, a Nashville property located at 1600 McGavock Street. With this…
Minneapolis rejects proposal to replace city police with new public safety department
Image by Thulfiqar Ali from Unsplash
Racism is in the air, literally. TikTok user @ high.hort proved it in a viral video in which he describes how neighborhoods are!-->!-->!-->…
Gentrification Won’t Stop Some Black Families in South LA
Michael Tubbs has spent years making a name for himself as the first black mayor of Stockton, launching a guaranteed income program and making it a model for other cities and, hopefully, the whole nation one day. .It was quite the race.…
Goldman Sachs predicts home prices will rise 16% in 2022 »RealtyBizNews: Real estate news
The housing market is on fire, with house prices up 20% today from a year ago. But if you thought the market couldn't get any warmer and things might start to cool down soon, think again, because analysts believe there are even more house…
New law calls for implicit bias training for real estate professionals
California has just given real estate professionals a little more responsibility thanks to a new law.
On September 28, 2021, Governor Gavin Newsom signed Senate Bill (SB) 263 in law, requiring California real estate license…
Rich people could buy vacation homes in Colorado town
What are these âvacation homesâ you are talking about?Watch out, Grand Lake ... they are coming for you!OK, can we talk about our childhoods for a second here? I think when we were kids we all thought…
Bias in the home appraisal process
Home valuation refers to the process of having a qualified professional assess the value of a home. Appraisals are an essential part of the process of buying and selling a home in the United States, especially if a mortgage is…
Racial justice philanthropic commitments turn out to be superficial – nonprofit news
photo by BP Miller to Unsplash
Contrary to popular belief, the 2020 uprisings did not trigger a huge spike in funding for racial justice. It would be more accurate to say that there has been an increase in pledges, corporate public…
Living in these metropolitan areas increases the lifespan of retirees
Aleksandra Suzi / Shutterstock.com
Choosing to retire in the right metropolitan area may increase your life expectancy, depending on recent study.
Researchers at the Massachusetts Institute of Technology and Stanford University…
Support for the “Save Our Stages Extension Act” increases
The National Independent Venue Association has supported a bipartisan bill to expand the âSave Our Stagesâ program, in part because of the stilted deployment of the original program.Guest post by James…
Senators introduce bill to extend “Save Our Stages” grant deadline for independent…
Senators John Cornyn (R-TX) and Amy Klobuchar (D-MN) today introduced the SOS Extension Act, which would extend the time limit for using subsidies for operators of sites closed by the Small Business Administration, created by its…
Berger Montague Investigates Allegations of Securities Fraud Against Cassava Sciences Inc. (SAVA);…
Philadelphia, PA - (Newsfile Corp. - September 29, 2021) - Berger Montague is investigating allegations of securities fraud against Cassava Sciences Inc. (âCassavaâ or the…
Carver State Bank secures millions of dollars in investment from JP Morgan
In just over a year, Carver State Bank has doubled its capital thanks to outside investments, according to Robert James II, president of the banking subsidiary Carver Development CDE, LLC. âFrankly, the murder of George…
How mortgage debt in Minnesota compares to other states
2021-09-27 The COVID-19 pandemic has fueled an increase in demand among home buyers that is only now starting to show signs of slowing down. This historic demand has coincided with low borrowing costs, a limited housing stock and labor…
The 10 most affordable American cities for retirees
fizkes / Shutterstock.comThere are a lot of things to consider when choosing a retreat hideaway.
Many retirees want, or need, to be close to their families. Others consider health problems and decide to relocate to a town close to…
Fed Reserve hears from Main Street
Americans are worried and several witnesses told Fed Chairman Jerome Powell on Friday of the challenges they face in an uneven economic recovery.Powell and other policymakers heard a myriad of concerns at a virtual "Fed Listens" event.…
Originally from Charlotte, Ashley Cumberbatch returned home to lead the local expansion efforts of…
In a banking town long dominated by a few financial giants, US Bank, a relative newcomer to Charlotte, could be seen as an outsider.
Although US Bank employs more than 900 back office staff in Charlotte, dating back to an…
How the real estate industry is working to close the gap between black and white in homeownership
By Adina SalomonREALTORS® are members of the National Association of REALTORS®When she started working as CEO of Minneapolis Area REALTORS®, Carrie Chang was shocked to learn something about her hometown:…
Minneapolis and Hennepin County Launch Mortgage Relief Program
Minneapolis and Hennepin County this week launched a foreclosure prevention program that offers eligible homeowners up to $ 35,000 for previous mortgage payments, property taxes and utility bills accumulated during the pandemic.The $ 4.3…
Colliers Mortgage closes $ 3.8 million refinancing loan from Fannie Mae for the Tallgrass Village II…
MINNEAPOLIS, MN - The Minneapolis office of Colliers Mortgage, part of Colliers International | US, recently completed a $ 3.8 million loan from Fannie Mae to refinance Tallgrass Village II, a 49-unit…
Art, performance, history and community at the reopening of a Minneapolis pedestrian bridge
If you have seen pictures of Minneapolis skyline from a freeway with streaking headlights and taillights continuously to and from downtown, there's a good chance…
Multifamily investing trending positively in most US markets
The Freddie Mac Multi-Family Apartment Investment Market Index trended positively in the second quarter, supported by rising net operating income and low interest rates.
The index is up 0.7% per quarter and 2.6% per year, while rates on…
Developers Crying “End Exclusion Zoning” is a Hoax
They say such zoning changes would promote racial equity, transit use, climate change mitigation, and intergenerational wealth transfer among minority families. On the other hand, I say that these are transparent covers, and the real…
the Business Roundtable statement goes in the right direction
The 2019 Business Roundtable statement was a welcome departure from the stance taken by the nation's top business CEOs in 1997, when the BRT pledged to prioritize achieving the highest returns for their shareholders. This in itself will…
Strong multi-family investment environment continues as Freddie Mac’s AIMI rebounds in Q2
MCLEAN, Virginia, September 13, 2021 (GLOBE NEWSWIRE) - The Freddie mac (OTCQB: FMCC) Multifamily apartment investment market index® (AIMI®) turned positive in the second quarter of 2021 as growth in net operating…
A strong multi-family investment environment continues as
MCLEAN, Virginia, September 13, 2021 (GLOBE NEWSWIRE) - The Freddie mac (OTCQB: FMCC) Index of the investment market in multi-family apartments® (AIMI®) turned positive in the second quarter of 2021 as growth in net…