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Wells Fargo CEO Charles Scharf (Scharf by Win McNamee/Getty Images; Unsplash)

Borrowers sue Wells Fargo over forbearance policy

Borrowers are suing Wells Fargo for placing their home loans in forbearance without explicit permission. In a proposed class-action...

Borrowers sue Wells Fargo over forbearance policy
Relevant Group managing partners Richard Heyman and Grant King with Dream Hollywood (Credit: Relevant Group)

Relevant Group scores $61M refi on Dream Hollywood

Relevant Group has landed $61 million in refinancing on its Dream Hollywood hotel, amid the local developer’s ongoing expansion...

Relevant Group scores $61M refi on Dream Hollywood
Twin 44-story Century City Plaza Towers

Hines, JPMorgan asset arm nab $1.2B refi on Century City office twin towers

Hines and JPMorgan’s asset management arm have landed a $1.2 billion refinance on a Minoru Yamasaki-designed office complex in...

Hines, JPMorgan asset arm nab $1.2B refi on Century City office twin towers
Wells Fargo, JPMorgan Chase and Citigroup each recorded a rise in second quarter profits in their consumer divisions (Credit: iStock)

Banks see uptick in mortgages, but remain wary ahead of potential Fed interest rate cut

Spurred by low interest rates, consumers are taking out more mortgages, bolstering the profits of banks’ consumer divisions. But...

Banks see uptick in mortgages, but remain wary ahead of potential Fed interest rate cut
Mini refinancing boom is a boost for lenders

Mini refinancing boom is a boost for lenders

It’s a small piece of good news for banks in the slowing housing market. There has been a mini...

Mini refinancing boom is a boost for lenders
Guggenheim and Singapore fund make move to buy Eastdil: report

Guggenheim and Singapore fund make move to buy Eastdil: report

A partnership between Guggenheim Investments and Singapore sovereign-wealth fund Temasek Holdings is in advanced talks to buy Eastdil Secured...

Guggenheim and Singapore fund make move to buy Eastdil: report
Wells Fargo alleges Related Companies’ SoFla project gave misleading information to appraiser tied to $150M loan

Wells Fargo alleges Related Companies’ SoFla project gave misleading information to appraiser tied to $150M loan

The long-running dispute between Related Companies’ CityPlace in West Palm Beach and its lenders over a $150 million loan just took another turn this...

Wells Fargo alleges Related Companies’ SoFla project gave misleading information to appraiser tied to $150M loan
Wells Fargo to pay $575M settlement over scandal involving mortgage division

Wells Fargo to pay $575M settlement over scandal involving mortgage division

Wells Fargo agreed to pay $575 million to all 50 states and the District of Columbia over misconduct that...

Wells Fargo to pay $575M settlement over scandal involving mortgage division
CRE investors see market slowdown amid shrinking borrowing costs vs. yields

CRE investors see market slowdown amid shrinking borrowing costs vs. yields

Commercial real estate investors are looking at the difference between long-term interest rates and property yields and seeing a...

CRE investors see market slowdown amid shrinking borrowing costs vs. yields
Olson Homes scores $110M construction loan for Leimert Park project

Olson Homes scores $110M construction loan for Leimert Park project

A year after first proposing the project, multifamily developer Olson Homes has secured financing for its new townhouse development...

Olson Homes scores $110M construction loan for Leimert Park project
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