Investments

HSBC agrees to $765 million settlement with DOJ over pre-crisis mortgages

Plus $26.8 million settlement with Massachusetts
HSBC revealed Monday that it recently agreed to a “settlement-in-principle” with the Department of Justice that would see the bank pay a $765 million civil penalty that would resolve an investigation into the bank’s mortgage origination and securitization activities from 2005 to 2007. But that's not the only pending settlement for the London-based bank.
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Spruce raises $15.6M to disrupt title industry

Additional investor involvement brings total Series A funding up to $19.1 million
Self-proclaimed as the first digital native title company, Spruce is out to disrupt the paper-based title and escrow process as part of the real estate industry’s quickening march toward the digital mortgage. And now, the company has some new capital to aid its pursuit.
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Greystone goes on a hiring tear

Commercial real estate firm expanding to accommodate demand for CRE loans
Commercial real estate company Greystone is on a nationwide hiring tear as it expands its presence in response to increased demand for CRE loans and the emergence of a special appetite for small-balance loans in the investment community.
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Here are the top 5 buy and sell markets for multifamily real estate

Ten-X Commercial on which cities are the winners and losers in the multifamily market
The multifamily market is strong nationwide, but there are some markets that outshine the rest and some that should be laid to rest, according to a new report from Ten-X Commercial. In its report, the commercial real estate company lists the top five “buy” and “sell” markets. Do you agree?
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Would you spend $1M on a rock?

A boulder in San Francisco just sold for an astonishing price
What’s the most expensive rock you’ve ever bought? Perhaps the one on your significant other’s ring finger? If you think that was expensive, take a look at this boulder about to sell for nearly $1 million in San Francisco.
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RealPage continues growth, plans $100M acquisition of LeaseLabs

Latest deal pushes total outlay for acquisitions since 2017 to more than $1B
RealPage, a provider of software and data analytics to the real estate industry, has been on quite the run of acquisitions in the last 18 months or so, acquiring five different companies as it seeks to grow its empire. And the company’s not done yet. RealPage announced late Thursday that it is planning to acquire LeaseLabs in a $100+ million deal.
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