UWM raises $2.05 billion after $451.9 million Q2 loss

Nearly a third of Metropolis units sit empty as Greenland faces a fresh EB-5 lawsuit

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Today’s housing market rewards patience over panic: With hundreds of thousands more sellers than buyers in the U.S., buyers in most of the country have time to peruse options and negotiate.  U.S. pending home sales fell to their lowest level since early April during the four weeks ending July 26, dropping 1.7% in the last…

The retail trading industry saw further changes this week as brokers adjusted their brands, expanded into new asset classes and tested new infrastructure models. Several developments highlighted a broader shift away from traditional forex and CFD positioning, with firms increasingly moving towards wider financial platforms covering crypto, equities, payments and exchange-like services. Rebranding remained a…

Retail advisory firm Brand Urban is expanding its headcount with the addition of a team from another New York City brokerage, Commercial Observer has learned. Founded by Taryn Brandes, Brand Urban is bringing on Matthew Krell, Daniel Bodner and Lucas Kooyman as well as three others from Alvarez & Marsal Property Solutions in an effort…

This week brought a mix of product launches, regulatory developments and changes across the online trading industry. A new euro stablecoin entered circulation, while brokers faced technical disruptions, regulatory settlements and licence changes. Regulators also turned their attention to CFD protections and operational resilience in an increasingly AI-driven environment. Meanwhile, financial results and shareholder returns…