Non-QM’s growth story is just getting started, industry pros say

The Financial Industry Regulatory Authority (FINRA) has censured and fined Marex Capital Markets Inc. $100,000 after finding the firm inaccurately reported tens of thousands of U.S. Treasury transactions to its Trade Reporting and Compliance Engine (TRACE) over a five-year period, according to a Letter of Acceptance, Waiver, and Consent (AWC) released by the regulator. FINRA…

Four priority areas CHLA’s letter centered on four areas: TILA-RESPA Integrated Disclosure (TRID) modernization, Qualified Mortgage points-and-fees revisions, risk-based supervision for smaller independent mortgage banks, and restricting loan originator compensation rules to transactions between firms. On TRID, CHLA proposed a bona fide financial emergency waiver letting consumers voluntarily skip waiting periods during genuine emergencies. The…

Mark Cuban said startup founders would leave under a proposed wealth tax. The founders themselves are split. California will vote on its statewide “billionaire tax” in November. In an X response to Rep. Ro Khanna, Cuban said the tax would adversely affect founders, who may be billionaires in stock but lack the cash to pay…

Host Ryan Nauman interviews Rob Battista, executive vice president of Advisory Solutions at Vestmark, about the evolution from traditional one-size-fits-all model portfolios to more personalized custom model investment solutions. Battista explains how models grew from manager-traded SMAs to scalable, lower-cost model delivery, fueled by greater accessibility through marketplaces and asset managers selling total portfolio solutions….

Nationwide rent growth for single-family homes rose at a “seasonal” pace in June, according to recent reporting from market analytics firm Cotality, though it remained muted compared to recent years of outsized gains. Single-family rent prices bumped up 1.5% year over year in June, down from 2.5% annual growth a year ago, according to the…

A few years ago we might have assumed that the Revolut IPO would happen in London. It’s a British company that built its business here, so why wouldn’t it? London was one of the major global stock markets and a natural home for a fast-growing company. Sadly, that is no longer true. Revolut confirmed last…