FICO 10T gains momentum as more than 70 lenders join program
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July final consumer confidence -15.9 vs -15.9 prelim Prior -17.6 July economic confidence 96.9 vs 96.0 expected Prior 95.0; revised to 95.4 July services confidence 4.7 vs 3.8 expected Prior 3.2; revised to 4.2 July industrial confidence -6.1 vs -7.0 expected Prior -7.7; revised to -7.5 This points to a continued recovery in euro area…
A split has opened in comments to the US Securities and Exchange Commission (SEC) over how quickly new crypto exchange-traded products should reach the market. Grayscale Investments and Andreessen Horowitz want reviews tailored to each product and shorter, more predictable timelines. Charles Schwab and Jane Street, by contrast, have stressed public transparency and the mechanics…
Circle has received final approval from the US Office of the Comptroller of the Currency to establish a national trust bank, allowing the USDC issuer to expand its regulated digital asset custody operations in the United States. The company announced today (Friday) that the new institution will operate as Circle National Trust, formally established as…
Chicago is facing an apartment supply crunch, with rents climbing as new construction slows to a trickle. While much of CRE’s focus centers on reviving a dried-up development pipeline to beef up supply, one lender helping to preserve the city’s older apartment stock sees its role as critical to maintaining housing affordability in Chicago. Community…
The top 1% of real estate investors don’t have a “secret” market, a “better” investing strategy, or access to “exclusive” resources. They just do nine things better than most other investors—boring, repeatable habits that make you rich over time. This is what separates successful investors from those who never quite reach their goals, flame out…
A recent report from Bankrate has unveiled a confluence of factors contributing to Seniority Tax: a stagnant housing market has diminished mortgage demand, prompting lenders to seek alternative revenue through mortgage refinancing. Older Americans represent a particularly appealing demographic for refinancing, as they constitute the majority of homeowners and possess unprecedented levels of equity that…