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Search resuls for: "Insider's Alex Nicoll"


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A top homebuilder executive shared advice for getting a lower mortgage rate right now. Taylor Morrison's Tawn Kelley suggested borrowing directly from a builder's mortgage arm. AdvertisementAdvertisementHigh mortgage rates have deterred many would-be homebuyers from purchasing a property over the last year. But here may be a glimmer of hope: People may have more luck securing a lower mortgage rate if they buy a new-construction home. Builder incentives include rate buydowns, mortgage rate locks, and forward commitments​​.
Persons: Taylor Morrison's Tawn Kelley, Kelley, , Tawn Kelley, homebuilder Taylor Morrison, Insider's Alex Nicoll, Freddie Mac, Taylor Morrison, ​ ​ Organizations: Service, National Association of Realtors, Mortgage, Finance Locations: balk
Shares of online mortgage lender Better.com slumped as much as 95% after its Nasdaq debut. They fell so quickly that trading was halted four times in the first 30 minutes. Better.com CEO Vishal Garg brutally laid off 900 employees via a Zoom call in 2021. Shares of the Softbank-backed online mortgage lender — which had merged with blank-check company Aurora Acquisition Corp. — plunged at the opening bell. Better.com's disastrous debut on the Nasdaq followed dramatic turns at the digital mortgage company since December 2021 when CEO Vishal Garg brutally laid off 900 employees on a Zoom call.
Persons: Better.com, Vishal Garg, Insider's Alex Nicoll, Better.com's, Fortune Organizations: Nasdaq, Service, & Finance, Aurora Acquisition Corp, , Aurora Locations: Wall, Silicon
Investment volume in commercial real estate fell off a cliff last quarter. But with few transactions on which to peg market values, is the market truly down? Last week, Alfred Brooks, the head of JPMorgan's commercial real estate group, said he's seen distressed buyers already raising money to pick up the pieces, once prices get low enough. Indeed, commercial real estate values are down, by other measures. April was the first month since 2010 that prices of all types of commercial property fell on an annual basis, according to MSCI.
Persons: haven't, , dealmaking, It's, Alfred Brooks, he's, Richard Rubin, Insider's Alex Nicoll, Rubin, Blackstone, MSCI Organizations: Bank of America, Service, BofA Global Research, RCA, BofA Global
JPMorgan is now mandating all managing directors work from the office five days a week. But that rubbed some workers the wrong way, who vented on an internal messaging system, per Reuters. They griped about being stuck in virtual meetings despite being in the office, long commutes, and family responsibilities. In the same video, Clarke even lauded one employee's work ethic who he said "sold their family dog" to improve work performance. Read the JPMorgan return to office memo in full here.
The sure thing that's no longer a sure thing. But the shine is starting to come off what is considered one of the safest, and smartest, bets in real estate. The two largest single-family rental REITs — Invitation Homes and American Homes for Rent — have recently seen their ratings downgraded by Wall Street analysts, Insider's Alex Nicoll reports. More on the potential deal, which also might have participation from a former Wall Street CEO. If you want to leave Wall Street but don't know where to start, read this.
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