Michigan primary wins bolster momentum for zoning reforms

As the need for affordable housing in the U.S. grows, the tax-exempt commercial mortgage-backed securities (CMBS) market is emerging as a potential financing tool to deliver more homes. New federal rules and greater attention from ratings agencies and top-tier banks are helping the growth of the burgeoning structure.  Tax-exempt affordable housing securitizations have taken flight…

Key insight: The Government Accountability Office found that gaps in the oversight of bank disclosures may have left investors with an incomplete picture of risks at First Republic and Signature Bank before their 2023 failures. What’s at stake: The watchdog said Congress should reconsider which agencies review disclosures from publicly traded banks without holding companies,…

Helping the people side of AI adoption A dedicated AI enablement team and roles have their value not in technology terms, but for the workforce, according to Diana Bartolic, Head of HR at CCL. “There’s a lot of transformation and change happening in workplaces now, probably more so than we’ve ever seen before,” says Bartolic….

More U.S. home builders reported cutting prices in September as new-home sales sentiment ratcheted lower to close out the third quarter. The National Association of Home Builders (NAHB) and Wells Fargo updated their jointly developed Housing Market Index (HMI) on Wednesday, showing sharp declines in home builder confidence this month as sales conditions deteriorated for…

The Florida Department of Transportation is revoking permits for automated license plate readers on roads in the state highway system, according to a memo issued by the department on Monday. The devices must be removed within 30 days of the memo, the agency said. The removal comes as Flock Safety faces a torrent of backlash…

In the past two days, the scrip recorded a gain of over 9 per cent on the BSE, making its investors richer by a whopping Rs 15,000 crore.