HECMs see October pickup while HMBS issuance declines

If Congress doesn’t pass the CLARITY Act, the Commodity Futures Trading Commission (CFTC) will use its existing authorities to begin establishing a crypto asset market regime, CFTC Chairman Michael S. Selig said Thursday (Aug. 20). In remarks delivered at the Innovation Advisory Committee Conference in Washington, D.C., Selig said: “We owe it to the American…

One highly rated fund manager shares some top picks, including two names many U.S. investors will be unfamiliar with.

The Federal Reserve’s preferred inflation gauge rose faster in August than it had the previous month, but less than economists projected, according to Bureau of Economic Analysis (BEA) figures published Wednesday. The personal consumption expenditures (PCE) price index increased 0.3% across all categories last month, the second consecutive monthly rise and up from 0.1% during…

Artificial intelligence is changing how organizations analyze property and housing market data. Instead of always starting with datasets, database queries, or manual analysis, AI can provide a more intuitive way to explore market trends and uncover insights. For organizations working with large volumes of property data, this can help shorten the path between asking a…

Union Home filed its foreclosure action in July 2023 after acquiring the note. It attempted service by certified mail, but the appellate record contained nothing – no return of service or otherwise – showing the second co-tenant was ever reached.  That co-tenant filed no answer, no motion, nothing. He did show up to a court-ordered…

Dina Levy started her career organizing tenants to fight for better living conditions in dilapidated apartments. Now she has the power to hold landlords accountable for long-awaited repairs as New York City’s latest commissioner of Housing Preservation and Development (HPD). A former senior vice president at Homes and Community Renewal, New York state’s affordable housing…