Upstart’s AI upgrades pay off, as a pickup in loan growth helps send the stock higher
The AI lending company says it’s enhanced its model to better assess the risk of borrowers.
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HUD Limits Statute of Limitations on Fair Housing Construction Violations
The Department of Housing and Urban Development has issued new guidance on the Fair Housing Act’s statute of limitations for claims alleging violations of its design and construction requirements, shortening the time period to bring such claims. The guidance replaces an Obama-era legal interpretation and enforces the Fair Housing Act’s statute of limitations, preventing what…
Trump’s state capitalism comes to the oil industry with Venezuela deal
The Pentagon has received a big ownership stake in an obscure private oil company that will control crude reserves larger than ExxonMobil‘s global portfolio if President Donald Trump‘s Venezuela deal is successful. The deal comes eight months after Washington ousted former Venezuelan President Nicolás Maduro in a military raid and co-opted the remaining regime led…
Borrowing from Federal Home Loan banks jumped 20% in 2Q
Ryan Donovan, president and CEO of the Council of Federal Home Loan Banks Processing Content Key insight: Banks have turned to the Federal Home Loan banks for liquidity because the rise in long-term Treasury yields has sparked fierce competition for deposits. Supporting data: Commercial banks accounted for roughly 90% of the $134 billion increase in…
The condo market headwinds that have nothing to do with the Fed
“If you start to control inflation, then the construction costs may go down, which will allow pricing to maybe go down to attract new buyers,” he said. “Right now, construction costs are high, so the pricing has to be high. Insurance costs are high, so pricing has to be high. So if these things are…
Starwood Property Trust Q2 Preview: All Eyes On Net Lease
Starwood Property Trust Q2 Preview: All Eyes On Net Lease
