Anti-redlining law plays outsized role in affordable housing finance

Congress is seeking changes at the Federal Home Loan Bank System, with some members arguing the network isn’t taking a proactive role in the nation’s housing affordability crisis. At a House Financial Services Committee hearing in Washington, DC, on Tuesday, leaders of the bank system said they’ve been active the past few years supporting the housing…

Finova will launch AI-powered software to let brokers submit applications with one click, with no rekeying. The tech firm said its soon-to-be-launched AI agent means brokers will not have to re-key customer information multiple times across individual lender portals as part of the mortgage application process. Instead, AI lets brokers use information captured during the…

India’s banking system will not be able to single-handedly fund the country’s ambition of becoming a $30-trillion-plus economy by 2047, making a rapid expansion of the debt capital market imperative, according to a Crisil report.   The ratings agency estimates India’s non-sovereign debt will rise from around 84 per cent of gross domestic…

We spend a lot of time talking about how we increase housing delivery. From where I sit, the bigger challenge isn’t finding sites. It’s keeping viable ones moving. All too often, we are seeing viable schemes falter as they become tangled in a web of planning delays, changing regulatory requirements, funding complications and shifting…

Key Points Making history and surpassing milestones is nothing new for America’s leading retirement program. A second consecutive year with a “Trump bump” can lead to Social Security’s cost-of-living adjustment (COLA) making history in a nontraditional way. Additionally, some retired workers should enjoy a rare silver lining in 2027. The $23,760 Social Security bonus most…

Billionaire hedge funder Bill Ackman has kicked off his $260 million play to establish a brain research institute on Manhattan’s Upper West Side. Pershing Square Foundation, the philanthropic arm of Ackman’s fund, dropped $188 million to acquire 125 West End Avenue, according to city documents filed Tuesday. The 400,000-square-foot life sciences building planned for the…