Mortgage spreads keeping housing demand intact for now 

In Detroit, Michigan, and the South Florida markets of Miami, Fort Lauderdale, and West Palm Beach, the most favorable period generally arrives in mid-December. The analysis examined when discounts from original asking prices typically peak, including listing price reductions and negotiated discounts. Nationwide, discounts generally peak in early fall before leveling off or narrowing toward…

“Last summer, they complained about needing to replace their roof. A few months later, they bought a new SUV.”

Growing power demands from artificial intelligence (AI) data centers have thrust energy stocks into the spotlight. Once a sleepy corner of the market known for its modest growth, energy has become a top focus for technology companies, creating opportunities for investors. Data center operators are rushing to secure power wherever they can, a powerful tailwind…

Monex revealed on Wednesday that its group company Monex Securities has integrated its proprietary services with AI platforms including ChatGPT and Claude, allowing customers to access their account information through natural conversation. The Tokyo-based firm said customers who consent to allowing AI platforms to access their account information will be able to request and obtain…

Key insight: Affordability, the top issue for voters in last week’s elections, could carry along new challenges to interchange, credit-card competition measures and state-level consumer protection enforcement. Supporting data: Nine out of ten voters cited affordability as a major factor in their vote.  Democrats’ affordability mandate, following this month’s “blue tsunami,” could inject new fervor…

One New Jersey attorney says the days of impunity for mortgage bad actors ended in 2010 — and he’s proving it one case at a time