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Fed proposal calls for higher threshold for BSA/AML citation
Key insight: The Federal Reserve proposal would set a higher threshold for supervisors looking to cite banks for their Bank Secrecy Act/anti-money laundering deficiencies. Failures must be “significant or systemic” for an enforcement action to be taken. Expert quote: “I am concerned that the ‘significant or systemic’ standard may have unknown effects on the Board’s…
Mortgage repayments to rise just £45 over the next two years, BoE says
A larger number of households are projected to see their mortgage repayments rise by the end of 2028, but the increase will be relatively low, the central bank has said. The Bank of England Financial Policy Committee’s (FPC’s) Financial Stability Report said just over five million households would see their repayments rise, compared to…
What Are the Alternatives to Bridge Loans for Short-Term Financing?
Introduction: In this article, I’ll explore the alternatives to bridge loans for short-term financing. Bridge loans have long been famous for individuals and businesses seeking temporary funding to bridge the gap between financial needs. However, various other avenues can provide short-term financing solutions without the specific features and considerations associated with bridge loans. When…
EXCL: ‘How To Lose a Guy in 10 Days’ Designer Lists Home for $8.5 Million
A fashion designer whose work was behind one of Hollywood‘s most unforgettable movie moments is now preparing to say goodbye to another piece of her Los Angeles legacy: a stunning Beverly Hills retreat that she has called home for decades. Dina Bar-El, a couture designer celebrated for dressing countless stars, is perhaps best known as…
Agency mortgage locks slip as non-QM gains ground in June
Rate locks on mortgage loans eligible for sale to Fannie Mae and Freddie Mac accounted for less than half of total lock activity for the third straight month in June, according to updated market data published Thursday by Optimal Blue. In contrast, nonconforming rate-lock share continued to climb, rising to 19.3% of activity in June…
LondonMetric and Schroder REIT improve all-share offer for Picton
Picton’s board reaffirmed its support for the revised proposal after shareholder consultations and its strategic review process. Your trusted source for commercial real estate intelligence, insights, and market analysis. Register for free to access two complimentary articles per month, or Subscribe to unlock unlimited CRE intelligence. Already have an account? Log in The post LondonMetric…
