Blackstone Mortgage Trust Cuts Dividend to $0.30 After a $327 Million Third-Quarter Loss
BXMT added $264.8 million to loan-loss reserves, sold nearly $1 billion of loans at 93 cents on the dollar and reset its quarterly payout from $0.47 to $0.30.
Steve Thompson is a staff reporter for RealtyWire, where he covers residential real estate, mortgage trends, home sales, housing market data, real estate finance, industry regulation, and the issues affecting Realtors, buyers, sellers, lenders, and property owners.
Before joining RealtyWire, Steve worked as a mortgage broker, giving him direct experience with the financing side of real estate transactions. His background in the mortgage business gives him valuable insight into how interest rates, lending standards, affordability, buyer demand, and regulatory changes influence the broader real estate market.
Steve brings a practical understanding of home sales, market analysis, real estate trends, financing issues, and the laws and regulations that shape residential real estate. His reporting focuses on making complex market and mortgage-related topics clear and useful for readers across the real estate industry.
He earned a Bachelor of Science in Business from the University of Central Florida and currently lives in Orlando, Florida.
BXMT added $264.8 million to loan-loss reserves, sold nearly $1 billion of loans at 93 cents on the dollar and reset its quarterly payout from $0.47 to $0.30.
Delta Media Group’s new Intelligent Websites let home shoppers chat with a brokerage site and hand over contact details in the conversation instead of a sign-up form.
Fannie Mae’s third-quarter net income rose to $4.2 billion, but its credit-loss provision jumped to $1.1 billion as multifamily credit weakened and single-family delinquencies edged up.
ICE’s September First Look shows delinquencies tracking seasonal norms, foreclosure starts down 3% from a year ago and active foreclosure inventory up 37% to its highest since early 2019.
Two brand-new ranches, a home with a lower-level theater and another that backs to a city park made up a week of sales stretching from Clive to Johnston.
Four single-family homes and a newer condominium, spread across Cedar Falls, Waverly and Hudson, made up the week’s top sales.
Single-family homes built over a span of a century, in four cities across the area, made up the week’s Top 5.
A walkout rambler backing to a wetland, a lakefront home from the middle of the last century and two new homes in one Sartell neighborhood were among the week’s top sales.
Lake views, newly built homes and a golf-community property on wooded acreage define a week of top sales spread across three cities and three counties.
Two homes on acreage, a Mount Pleasant condominium and a pair of in-town homes in Des Moines County made up the week’s top sales.
From newly built homes in Lakeville to properties on more than two acres in Saint Paul and Farmington, all five of the week’s top sales were in Dakota County.
A remodeled 1951 rambler, a 2006 condominium and a pair of homes from the 1880s were among the week’s most expensive sales.
A townhouse took the top spot, and four single-family homes built between 2000 and 2021 filled out the rest of the list.
A remodeled Bettendorf home led the week, followed by a wooded lot nearby, a brand-new ranch in Le Claire and two roomy De Witt properties with acreage and big garages.
A Covington two-story topped the list, while two Cass County acreages brought barns, a creek and open land into the top five.
Two sales reached $1 million or more, and the newest and oldest homes in the group were built more than six decades apart.
Two homes in Union led the week, followed by sales in Bellevue, Newport and Villa Hills that ran from a newly finished home to a 19th-century Italianate.
A newly built home in Saint Paul’s Harbor Shores neighborhood topped a week that also brought two lakefront ramblers, an 1886 home in White Bear Lake and a Roseville home near Lake Josephine.
Homes in four Anoka County cities, from a brand-new build to a lakefront townhome, made up the top sales of the week.
Brand-new construction and a pair of early-20th-century homes in Lynnhurst were among the week’s top sales, all of them in the city’s lake neighborhoods.
A brand-new one-level home in Corcoran led the week, while Rogers claimed three of the five sales, including nearly six acres on the Crow River.
A wooded estate in Lake Forest, three homes in Norton Commons and a Colonial in a Mockingbird Valley historic district led the week’s market.
Four Lincoln neighborhoods and a country property in Denton account for the week’s top sales, which ranged from $537,000 to $950,000.
The week’s two highest-priced homes are both in gated communities, and all five sold in Lexington.
A three-year-old home beside a city park, a townhome on Lake Minnetonka and a rambler with its own pond were among the week’s top sales, each in a different city.
Two established two-story homes in Iowa City and three newer homes in Coralville and Oxford, two of them new construction, made up the week’s top sales.
Single-story homes made up four of the week’s five top sales, which ranged from $479,000 to $620,000 and stretched from established Mankato neighborhoods to acreage in Le Sueur County.
Four Edina homes and one in Bloomington made up the week’s top sales, with renovated interiors, wooded lots and a backyard pool among them.
Two homes completed this year led a week of top sales that stayed entirely within Washington County.
A stone-clad home on the Lake Superior shore in Congdon Park led a week of Duluth sales that ran from inland lake retreats to a hillside home with harbor views.
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