Judge orders NYC to withdraw pied-à-terre surcharge notices
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Inside Upstart’s journey to get a bank charter approval
Key insight: Upstart now has approval from the OCC to start building a de novo bank subsidiary after a 120-day review process. What’s at stake: With the OCC denying its first charter application this week, firms seeking bank charters are expecting rigorous review of their applications. Expert quote: Upstart’s Annie Delgado told American Banker that…
State arrears show need to manage niche servicing: Cotality
The recent rule-related jump in late-stage government loan delinquencies was particularly tough on two states in ways that point to why servicers need to identify and address pockets of developing distress earlier, according to a new Cotality report. Processing Content Florida’ serious delinquency rate for Federal Housing Administration loans rose from 4.3% to 6.36% between…
Out-of-Towners Are Flocking to New-Construction Homes
Out-of-town home shoppers are driving the new-construction market, drawn by increasingly commonplace price incentives and larger properties—and budget-friendly Sun Belt hot spots are seeing the strongest pull. House hunters routinely look beyond the confines of their local market online, but that wandering eye is especially pronounced for buyers who have their heart set on a…
Value of empty homes hits £88bn as housing crisis continues – Mortgage Strategy
More than 300,000 homes across England worth nearly £89bn have been sitting empty for at least six months, according to research from House Buyer Bureau. The firm found that there are 754,264 vacant homes across England, of which 303,185 are classed as long-term vacant. This means that 40.2% of England’s vacant housing stock has been…
Trump administration subpoenas New York Times journalists over Air Force One story, newspaper says
Trump administration subpoenas New York Times journalists over Air Force One story, newspaper says
