AI bringing speed, scale and new insights to CRE underwriting

Just under 40,000 homes across the U.S. carried some kind of foreclosure filing during the month of July, real estate analytics firm Attom said Thursday. That pushed foreclosure activity up 1% from June and 10% higher than a year ago, which is “relatively low” compared to historical standards but a sign of increasing strain on…

Automotive retailer AutoNation has found that the industry and consumers are “in good shape,” despite declines in sales volume and profit that the company saw in the second quarter, AutoNation CEO Michael Manley said during a Friday (July 31) earnings call. “Consumer sentiment is improving every month,” Manley said. “Our banking partners are reporting 20%…

Key insight: The report gives banks funds-availability flexibility and information-sharing safe harbors while declining to shift authorized-scam liability onto them. What’s at stake: The report signals which fraud bills have committee momentum and tells banks the line on reimbursing authorized scams is holding. Expert quote: Texas A&M law professor Christopher Odinet says the report treats…

Incorporation gives Canadian business owners access to powerful tax efficiencies, income splitting, and long-term wealth-building strategies unincorporated individuals simply don’t have. But incorporation on its own isn’t a plan. Advisors working with incorporated clients regularly encounter the same structural gaps: over-investing inside the corporation, holding shares in a way that quietly disqualifies the Lifetime Capital…

Op risk data: Pentwater pays up for taking Avis shares for a spin – Risk.net Skip to main content End of drawer navigation content Also: Romania’s Robor cop gets tough on benchmark rigging; Wamco’s cherry-picking squashed. Data by ORX News Pentwater Capital Management incurred June’s largest loss when it agreed to pay $650 million to…