FHFA says GSEs will use one LLPA grid for FICO, VantageScore

The Pension Fund Regulatory and Development Authority (PFRDA) has proposed 10 changes to the rules governing Points of Presence (PoPs), which serve as the access points for National Pension System (NPS) subscribers.   The proposals could widen the network of entities offering NPS services, make digital onboarding easier and change how PoPs are regulated and…

China’s ByteDance has reportedly secured a $29.6 billion loan from nearly 30 banks. That’s according to a report Friday (Sept. 4) from Reuters, which says the TikTok owner’s plans for artificial intelligence have attracted strong interest from lenders. The loan is the second-biggest in Asia this year, following the $40 billion SoftBank raised in March…

HomeEquity Bank has named Pierre-Emmanuel Martin as Senior Vice President (SVP), Broker Channel, as Canada’s reverse mortgage lender moves to deepen its national broker distribution network amid accelerating demand from homeowners 55 and older. Martin joins with a career spanning mortgage lending, broker relations, credit risk, underwriting, and sales leadership, a background that HomeEquity…

Criterion Capital’s in-house hotel brand, Zedwell, has secured planning consent to convert the historic Trafalgar Buildings near Trafalgar Square into a 387-room hotel. Criterion Capital has made three senior leadership changes as its hotel, residential and commercial property operations continue to expand. CRE Herald Market analysis, deal insights, and sector research…

Reddit’s CEO has begun airing his concerns about Google’s AI Overviews search feature. That’s according to a report Saturday (Aug. 1) from Ars Technica, which said Steve Huffman addressed this issue in his latest letter to investors, arguing for Reddit’s function as “the antidote to an automated web” as artificial intelligence tools proliferate. “AI compresses…

Astera Labs: Rapidly Accelerating Quarterly Revenue Growth Astera Labs (ALAB -4.75%) primarily generates revenue by providing semiconductor-based connectivity solutions for cloud and computing infrastructure. While corporate directors liquidated substantial personal equity holdings, the company advanced the volume production schedule for its fabric switch equipment and recorded a net income margin of 39% for the quarter…