News Updates

Goodbye City Life: Rising Rents Match Homebuying Hotspots

Renters, much like homeowners, are favoring smaller more affordable markets that offer highly rated schools, strong local economies and more space over expensive tech hubs, a trend that is pushing rents up in many of the same markets where home prices are rising the most, according to...

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U.S. Economy Expected to Expand at 6.7 Percent Clip in 2021

The U.S. economy is expected to grow 6.7 percent in 2021, an improvement not only from last year's 2.5 percent contraction but up, too, compared to last month's forecast of 5.3 percent, according to the February 2021 commentary from the Fannie Mae Economic and Strategic Research...

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CIVIC FINANCIAL SERVICES ANNOUNCES ACQUISITION BY PACWEST BANCORP

Civic Financial Services, LLC (“CIVIC”) announced today that Pacific Western Bank has purchased the company from Wedgewood, LLC (“Wedgewood”). Based in Redondo Beach, Calif., CIVIC is one of the leading institutional private lenders in the U.S. specializing in originating residential...

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