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NYC Broker Pleads Guilty to Stealing Rental Deposits
To nearly two dozen prospective New York renters, Juan Valoy appeared to be an honest real estate broker. But prosecutors say he was a fake who pocketed $105,000 of their money. The phony broker has pleaded guilty to two cases in Manhattan and in the Bronx for a scam that included taking fees, security deposits…
For Utah de novo bank, second time appears to be a charm
Key insight: The organizers of a Utah de novo bank, Bank of St. George, say the regulatory approval process has been smooth. Travis Hill, chairman of the Federal Deposit Insurance Corp., has been trying to make it easier for new banks to open. Supporting data: Twenty-one groups have filed deposit-insurance applications since the start of…
Oil and Yields Starting Out Slightly Lower
Bonds are starting the day just a hair stronger versus yesterday’s close and there are three ways to look at it. At the most basic level, the move is so small that it doesn’t deserve any explanation (i.e. we’re close enough to unchanged to say “nothing new is happening”). But given the recent resurgence of…
Can the ‘Magnificent Seven’ save a stock market that might be doomed without them?
Apple, Amazon, Nvidia and peers are quietly coming back to life, and that could easily jolt this sleepy stock market back into gear.
Canada’s housing starts extend slide as builders pull back
The six-month trend measure — a moving average used to smooth monthly volatility — declined 2.8% to 248,123 units, landing just above CMHC’s 2026 Housing Market Outlook baseline of 247,000 annual starts, published in February. Actual monthly housing starts in centres with a population of 10,000 or more came in at 20,265 units in June,…
Foreclosure Activity Posts Annual Increase in First Half of 2026
Foreclosure Starts Rise 18 Percent in First Half of 2026; Average Days to Complete a Foreclosure Down Seventh Quarter in a Row; Foreclosure Activity Rises Year Over Year in June and Q2 2026 IRVINE, Calif. — July 16, 2026 — ATTOM, the leading provider of property data, AI-powered intelligence, and real estate analytics solutions, today…