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While short sales are still uncommon, their occurrence has been slowly increasing as homeowners with negative equity look for alternatives to foreclosure, particularly in several mid-priced markets where these transactions are most concentrated. A short sale refers to a real estate deal where a financially troubled homeowner sells their home for an amount that is…
Freddie Mac has laid the groundwork for some new distressed single-family mortgage procedures as part of its broader efforts to improve servicing operations over the past several years. Processing Content The government-sponsored enterprise, which is one of two that buy a large number of the middle-class home loans that private lenders fund in the United…
Included in the 23 proposals of a new roadmap unveiled on Thursday by the Mamdani administration are small elevators in walk-up buildings, official acknowledgment of tenant unions, a reassessment of credit checks, and the commonly enforced stipulation that prospective tenants must earn 40 times the monthly rent. The report outlines 23 recommendations structured around four…
Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. July 16, 2026 Federal Reserve Board issues enforcement action with former chief lending officer of Heritage State Bank For release at 11:00 a.m. EDT The Federal Reserve Board…
Despite oft-repeated fears of retail’s pandemic-drive demise, South Florida’s retail sector is enjoying a combination of low vacancy rates, resilient rental rates and robust leasing and investment sales. That’s according to market reports released Thursday by commercial real estate brokerage Colliers. SEE ALSO: Live Shopping Marketplace Storefront Takes 5K SF at 555 West 25th Street…
At midday on Thursday, cotton futures prices are back down 260 to 396 points from the Wednesday close. Futures closed the Wednesday session with contracts up 24 to 96 points. Crude oil is was up a modest 10 to 15 cents per barrel late morning, with the US dollar index up 25 points. Export Sales…
The last couple of months have been historic for initial public offerings (IPOs), particularly on Nasdaq. In June, SpaceX (SPCX) raised a record $75 billion in its Nasdaq debut ($86 billion including the greenshoe) – triple the previous record for biggest IPO – and listed with a market cap of around $2 trillion. Weeks later, we saw the biggest U.S. IPO ever by a foreign company, with SKHY – the ADR for SK Hynix – raising $26.5 billion on Nasdaq. So, between just two companies, over $100…
Bruce Gehrke (pictured top), senior director of wealth and lending intelligence at JD Power, said the home equity numbers in particular stood out. “In just home equity — HELOC — the number is over 40% of current borrowers who opened a new HELOC within the last three months have used artificial intelligence to drive that…
Canada’s abrupt population slowdown is reshaping the housing market, easing pressure on rents while weighing on investor-owned condominiums and future residential construction, according to BMO Economics. After reaching century highs in 2023 and 2024, Canada’s population declined in 2025, marking the first annual drop on record dating back to Confederation, BMO said. The reversal has…
Acting Attorney General Todd Blanche appears at his confirmation hearing in front of the Senate Judiciary Committee on Capitol Hill July 15, 2026 in Washington, DC. Eric Lee | Getty Images Two Republicans on the Senate Judiciary Committee on Thursday said they remained undecided about voting to confirm Todd Blanche for U.S. attorney general, endangering…