Notable mortgage industry additions and promotions, May 29-June 2

LoanDepot announced the promotion of veteran mortgage leader Alec Hanson to serve as its chief marketing officer. Hanson, who joined LoanDepot in 2011 and formerly served as the company’s senior vice president of production for the West division, brings nearly two decades of sales and production experience to the role. Hanson will lead a consolidated […]

Multifamily properties face a difficult refinancing environment

Joel Kraut has been expecting this for a while now. The co-founder and managing director of BRRRR Loans says that the multifamily housing sector — one of commercial real estate’s most successful investment areas — has overbuilt around some of the major metropolitan areas of the U.S., a signal of the unthinkable: The apartment boom […]

International Investments: Australia

With about 25 million citizens, Australia doesn’t even crack the top 50 among the world’s most populous countries. But its fiscal influence is much larger, evidenced by the fact that it’s now the 13th-largest economy in the world. Australia’s gross domestic product grew from $415 billion in 2000 to $1.55 trillion in 2021, according to […]

A High-Wire Act

Borrowers should seek the right refinancing solution in a high interest rate environment