A proposed Federal Housing Finance Agency (FHFA) overhaul of its Duty to Serve (DTS) regulation drew its final industry comments Friday, with lenders, bankers and community advocates expressing caution as a public comment period ended. The comments broadly support preserving the program’s mission while urging the FHFA to maintain accountability, transparency and measurable outcomes as…
Have you successfully submitted and e-filed your income tax returns (ITRs)? Or are you hoping for a last-minute extension of the 31 July deadline? In case you haven’t filed your returns, this is the best time to file your ITR. Several taxpayers who have already filed their ITRs for Assessment Year (AY) 2026-27 are now…
Olmstead Properties has signed Luckin Coffee to a new 10-year, 1,200-square-foot retail lease at 180 Varick St., bringing one of the country’s fastest-growing coffee brands to the base of the historic Hudson Square office building. Luckin Coffee will replace a neighborhood pizzeria and deli that had occupied the storefront for more than 40 years before its longtime owner retired….
The local branch of the Society for the Prevention of Cruelty to Animals says it is dealing with more than double the number of abandoned animals that it typically registers daily. SPCA executive director Sylvie Bourbonnière says that while it ordinarily takes in about 20 pets in a 24-hour period, it’s been receiving at least…
Second lien and home equity line of credit residential mortgage-backed securitization issuance so far in 2026 is the most through this time of the year since the Great Financial Crisis, Bank of America Securities said in its weekly securitization report. Processing Content Issuance as of July 24 of this segment of non-agency was $24 billion….
Oil tankers and cargo vessels remain anchored off Port Sultan Qaboos on June 21, 2026 in Muscat, Oman. Elke Scholiers | Getty Images Oil prices extended their losses Tuesday after a pause in fighting between the U.S. and Iran held, raising hopes for a de-escalation in the Middle East conflict that has upended energy supplies. …
The rupee extended its upward momentum, rising 35 paise to 95.64 against the US dollar in early trade on Tuesday, driven by lower crude oil prices amid easing geopolitical tensions. Forex traders said a weak US dollar index and positive equity market sentiment further boosted the Indian currency. At the interbank foreign…
As investors’ borrowing capacity becomes restrained following recent interest rate rises and tax reforms, failing to structure loans properly can lead to further costly consequences. According to Strategic Brokers director, Hung Chuy, the top three borrowing mistakes among investors were using cross-collateralisation, failing to have a buffer in place, and not considering all their loan…
Rocket Lab (RKLB +4.74%) is building a business that extends well beyond small rocket launches. In its recent Victus Haze mission, Rocket Lab combined an Electron rocket, a company-built Pioneer spacecraft, mission software, ground control systems, and in-space operations into a single rapid response service for the U.S. Space Force. The company launched the spacecraft…
“FEMA works on intention,” Agarwal explained. “As per FEMA, you become an Indian resident as soon as you arrive in India with an intention to stay. On day one, you must comply with RBI requirements, redesignate all NRE and NRO bank accounts to resident savings accounts, and notify financial institutions.”