Fannie Mae Admits Financial Losses Amid Ongoing Mortgage Fraud Investigation
The crackdown on commercial mortgage fraud is heating up. Fannie Mae confirmed for the first time an ongoing investigation into a litany of schemes that may »
Retailers Cut Christmas-Themed Item Orders Ahead of Lukewarm Holiday
As the holiday shopping season begins, expect to see fewer Christmas-themed items in stores. Retailers such as Walmart are ordering fewer Christmas trees, toys and decorations »
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Goodbye Middle Class: Half Of All American Workers Make Less Than $43,222.81 A Year
It is that time of the year again. The Social Security Administration has finally released the final wage statistics for 2023, and they are quite sobering. »
Office CMBS Delinquency Rate Spikes to 9.4%, Highest Since Worst Months after the Financial Crisis
The office sector of commercial real estate has been in a depression for about two years, with prices of older office towers plunging by 50%, 60% »