Mortgage lenders weigh AI, alternative data and credit models

Long Island’s East End may be known for its trophy estates, but it was the middle market that drove sales in the region last quarter. While activity in the Hamptons and the North Fork ticked down in the second quarter, homes above the market’s entry level but short of its upper echelons accounted for the…

Australia’s corporate regulator has suspended the Australian financial services (AFS) licence of Prime Value Asset Management Limited (Prime Value) until 7 August 2026, citing the firm’s failure to meet key statutory obligations. According to a statement released by the Australian Securities and Investments Commission (ASIC) on 17 July 2026, the suspension stems from Prime Value’s…

Jeff Blau’s recruitment pitch for office tenants at 625 Madison Avenue could include proximity to one of the most exclusive eateries in New York City. Related Companies is in discussions to bring Ralph Lauren’s Polo Bar to the Midtown Manhattan development, the Wall Street Journal reported. Details about the lease and the potential relocation from…

The six-month trend measure — a moving average used to smooth monthly volatility — declined 2.8% to 248,123 units, landing just above CMHC’s 2026 Housing Market Outlook baseline of 247,000 annual starts, published in February. Actual monthly housing starts in centres with a population of 10,000 or more came in at 20,265 units in June,…

Chinese exporters are moving into halal food, cosmetics and fashion, but success in this vast market depends on something harder to manufacture than cheap goods: trust.

Onity Group’s servicing and lending businesses benefited in the second quarter from higher rates and seasonal homebuying, respectively, but the company reported a loss on nonrecurring negative fair value changes and portfolio restructuring. Processing Content The company recorded a $13 million net loss to common shareholders but taking out those negative items had adjusted pre-tax…