A mixed bag for Q2 commercial mortgage delinquencies: MBA

Key insight: As AI-assisted coding becomes more common and economically viable, the burden on automated testing suites increases. What’s at stake: The limiting factor in payment infrastructure will not be whether teams can produce more code. It will be whether they can prove that sensitive logic still behaves safely across the messy reality of production…

Anti-money laundering requirements for ‘source of wealth’ checks are consuming up to 25% of conveyancing lawyers’ time, according to Peter Ambrose, owner of The Partnership and Legalito, who has identified this as a primary cause of property transaction delays. The checks, which differ from simpler ‘source of funds’ verification, require lawyers to scrutinise financial documentation…

One in three U.S. pharmacies has closed between 2010 and 2021, according to UC Berkeley Public Health and USC. Pharmacy schools are graduating between 3,000 and 4,000 fewer pharmacists annually than the industry needs, Drugstore News reported. The closures have concentrated in lower-density markets where foot traffic does not support the cost of a staffed…

Rates are based on bonds and bonds have been taking cues from oil prices this week. Oil was flat overnight, bringing bonds along for the sideways ride. As such, the average mortgage lender began the day almost perfectly in line with yesterday’s latest levels.  All that having been said, bonds experienced some of their own…

Donald Trump‘s investment accounts grabbed headlines late last month for their cryptocurrency and real estate holdings. But what flew under the radar is the stock activity. As per disclosures from the US Office of Government Ethics, Trump has made more than 6,100 stock trades year to date. While the accounts are managed by third-party investment…

Texas is popular for many reasons. The second-largest US state is the birthplace of the iconic musician Beyoncé Giselle Knowles-Carter, NFL star Michael Strahan, and actresses Selena Gomez and Reneé Zellweger. It’s also home to a beloved football team, the Dallas Cowboys, and internationally famous festivals, including South by Southwest. Beyond its cultural significance, Texas…