New York 485-x filings cluster at 99 units to avoid wage rule
Federal Reserve Governor Lisa Cook has been told by the White House that President Donald Trump is again considering firing her because of allegations of mortgage fraud The move comes after the Supreme Court in June blocked the president from firing Cook while a legal challenge to her attempted removal last year moves forward. CBS…
Inventory tightens as new listings fall Supply continues to pull back. Newly listed properties declined 1.6% month-over-month in July, the third consecutive drop, leaving 205,388 homes available nationally at month-end. Months of inventory fell to 4.7, the lowest reading of 2026 and below the long-term average of five months, signalling that the balance of power…
Microsoft says JLL should be on the hook after a forklift accident during the build-out of the tech giant’s Flatiron offices in 2023 allegedly left a construction worker with serious injuries. Microsoft moved in as 122 Fifth Ave.’s anchor tenant in 2023. Microsoft filed suit against the brokerage Friday in New York County Supreme Court,…
Tesla’s Cybercab is live in Austin. Now, regulators in Washington are asking to check the EV-maker’s homework. The National Highway Traffic Safety Administration, or NHTSA, opened an audit inquiry late Thursday into Tesla’s Cybercab certification. The move came hours after Tesla’s commercial deployment of a small number of Cybercabs in Austin, which joined its robotaxi…
Then came the mailing question – and this is the piece servicers will want to read closely. New York’s RPAPL 1304 requires lenders to send borrowers specific notices before filing a foreclosure action. Wells Fargo outsourced that work to COVIUS Holdings LLC, a third-party mailing agent. The vice president attested to familiarity with COVIUS’s mailing…
August 6, 2026 Taurus, a company that builds digital asset technology for banks and other financial firms, has announced a new partnership with MPCH, which runs secure data centers, aimed at making digital asset storage safer for U.S. financial companies. MPCH will set up a special, secure area in its U.S. facilities. This space will…