UWM drops minimum credit score overlay for agency loans
Wealthy overseas buyers are increasingly using mortgage financing to purchase high-value residential properties in Britain, according to new data from real estate adviser Karis Capital. The number of regulated residential mortgages worth £5 million or more rose to 333 in the past year, up from 313 the previous year. The total value of these mortgages…
Key insight: Races in finance-heavy and populous states like California and New York will have an outsize impact on the financial industry. What’s at stake: Particularly pertinent state-level issues for banks include regulating prediction markets, fee and interest rate limits and consumer protection laws. Forward look: Most of the elections in states with important races…
President Donald Trump points his finger as he signs an executive order on AI next to Senate Commerce Committee Chairman Ted Cruz, R-Texas, left, and Commerce Secretary Howard Lutnick, in the Oval Office at the White House in Washington, Dec. 11, 2025. Al Drago | Reuters The Trump administration has taken new steps to assert…
A new residential estate agency has opened in London with a focus on properties characterised by architectural design and interior detailing. Orato Estates, founded by Andreas Abasaid, will concentrate on homes including period restorations, architecturally distinctive properties and those with designed interiors. The agency plans to adopt a selective approach rather than pursuing volume-based sales….
Key insights: The Office of the Comptroller of the Currency denied Wise’s application to charter a de novo national trust bank, citing deficiencies in the company’s Bank Secrecy Act, Anti-Money Laundering and Countering the Financing of Terrorism programs. What’s at stake: The decision marks the OCC’s first public denial of a fintech’s charter application following…
Forbes and Shook Research have suspended all wealth advisor rankings and events for the remainder of this year, while Shook focuses on relaunching the rankings under a new brand in 2027, according to a joint note the two companies sent to advisor teams Tuesday. This comes after a report by The New York Times last…