JPMorgan to sublet office space as it ponders work-from-home
JPMorgan Chase is marketing a big chunk of its Manhattan office space as the company re-evaluates the future of...
banks
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Despite an “overheated” market, Bank of America is ramping up its CRE exposure
As New York’s commercial real estate market continues to heat up, Bank of America is going headfirst into the...
Consumer banks are retooling their RE strategy — but can they prevail?
From the December issue: TD Bank beat out a slew of competitors in late 2015 to lease roughly 2,000 square...
US set to require banks to ID owners of shell companies: report
The federal government’s war against shell companies frequently used in real estate acquisitions is extending to the banks. New...
Metro Bank’s founder hand picks every new store it opens — here’s how he chooses
British challenger bank Metro Bank is opening its 38th “store” in Southall this weekend — and the exact site of every single one has...
Big banks sticking put, passing on new office towers
More marquee financial companies are choosing to stay in their current office locations rather than upgrading to Manhattan’s much-trumpeted...
Qualified mortgage rules go into effect
Tighter federal mortgage regulations go into effect today that place stricter caps on debt-to-income ratios, in the hopes that lenders stop originating mortgages to those who cannot repay them . The new rules, put forth by...
Wave of debt maturity presents opportunity to untraditional lenders
The immense volume of debt due to mature over the next five years presents an exciting opportunity for mezzanine...
$25B foreclosure settlement lacks “bite” for banks and relief for distressed homeowners
Intended to simultaneously punish banks for their foreclosure practice and help American homeowners in distress, the $25 billion federal foreclosure settlement contains significant elements...
NYC housing advocates skeptical of mortgage settlement promises
Some American housing advocates doubt that new standards established by government officials to protect homeowners against wrongful foreclosure will...