Are 9% mortgage rates possible?

Uphold has cut its global headcount by 17%, laying off roughly 85 employees and contractors, CoinDesk reported, citing sources familiar with the matter. The company is redirecting spending toward its enterprise business after nearly doubling headcount during what CEO Simon McLoughlin called a period of “extraordinary growth.” What Uphold Is Selling to Partners Founded in…

HMRC has replaced long-standing guidance that accountants and tax advisers may have relied upon when advising landlords about refinancing and withdrawing capital. If HMRC now applies its revised interpretation to historic transactions, landlords could face unexpected tax demands, advisers could face negligence allegations and the professional indemnity market may be left funding the resulting disputes….

Private equity firm Sentinel Capital Partners has expanded to 34,737 square feet at One Vanderbilt. The deal gives Sentinel an additional 7,134 square feet of office space on a portion of the tower’s 54th floor, according to a Monday announcement by landlord SL Green Realty. The move brings Sentinel’s total footprint at the trophy high-rise…

Key insight: Truist Financial is dropping its near-prime auto lending business, having decided the sector is not core to its strategy and has been dragging down credit quality. Supporting data: The company’s non-performing indirect auto loans reached $569 million in the second quarter, making up about one-third of Truist’s total non-accruing assets.  Expert quote: “To…

Yitzchok Katz’s Goose Property Management has picked up a Windsor Terrace project at the center of a contentious rezoning from Andrew Esposito’s Apex Development with plans to build four 99-unit buildings on the formerly industrial lot. Katz’s firm filed plans last week with the Department of Buildings to build four ten-story residential buildings at 441…