Financial Daily Dose 6.24.2021 | Top Story: White House Ousts FHFA Head Following SCOTUS …

Financial Daily Dose 6.24.2021 | Top Story: White House Ousts FHFA Head Following SCOTUS …

The move is the latest “blow to investors betting that mortgage giants Fannie Mae and Freddie Mac would be returned to private hands after more than
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Land Gorilla Joins the Jack Henry Banking Vendor Integration Program

Participation in the program will provide Land Gorilla with access to Jack Henry Banking's technical resources to enable Land Gorilla to integrate with
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FDNY veteran who responded to both World Trade Center terror attacks weighs in on Miami …

… yet find additional survivors, according to a former FDNY member who responded to both terror attacks on the World Trade Center in New York City.
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3 Best Teeth Whitening Products & Kits of 2021 [Full Reviews]

It is drool-free, as they say, and many experience visible results just after a single use. International customers, however, complain a bit about late
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Chamyne Thompson announces candidacy for Mobile City Council District 1

(WKRG) — Chamyne Fortune Thompson, a facility supervisor for the City of Mobile Parks & Recreation Department, is running for Mobile City Council
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Hot housing market will create plenty of new businesses

To generate the most return-on-investment, investors see two wins: their assets (homes) rise in value, and in most markets, they can jack up the rents.
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The importance of stimmies, capital-gains tax and a killer meme—day traders reveal their investing …

They rank just behind financial news websites (which should cheer up Fortune's finance and markets reporters). The Betterment report authors waved a
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Eli Lilly stock hits all-time high on Alzheimer's treatment news

Subscribe to Fortune Daily to get essential business stories straight to your inbox each morning. On the heels of its Alzheimer's treatment receiving “
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Regulators Vet Casino Sale to MGM Real Estate Trust

When the transaction was announced, the real estate investment trust – MGM Growth Properties – said it expected no change to MGM Springfield's “
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Macon Non-Profit Shifting Lending To Women And Entrepreneurs Of Color

Anissa Jones, center, hugs her friend Shanita Davis after a press conference about the lending program helping Jones and her husband Deon Aiken,
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Bank CTBC Indonesia Innovating Digital Lending

Bank CTBC Indonesia Innovating Digital Lending. Jun 25, 2021 Hubbis. Bank CTBC Indonesia announces new 60 Second Approval in Principle for
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SEC reminds lending, financing firms register online platforms

THE Securities and Exchange Commission (SEC) could penalize or even revoke the licenses of financing and lending companies that fail to register
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Lenders, don't overlook real estate investors

Lenders, don't overlook real estate investors … HousingWire: What is the current outlook for the private lending space as the market shifts from a refi
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Mike Eisenga Explains How to Show Lending Companies That You Are a Responsible Borrower

Why do lenders ask for your bank statements? Although this is not as crucial to lenders as your credit score or debt-to-income ratio, they often want to
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Varadkar urges Central Bank to get mortgage lending rules review done 'as soon as possible'

TÁNAISTE LEO VARADKAR has called on the Central Bank to get its review of its mortgage lending rules “as soon as possible”. Speaking in the Dáil
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Finflux launches Buy Now, Pay Later for online lenders in india

Finflux's solution includes RESTful APIs and Webhooks, as well as diverse features and benefits that allow it to be a digital lending software for a loan
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Andreessen Horowitz gears up for more mega crypto bets

Read more. Lucinda Shen Twitter: @shenlucinda. Email: lucinda.shen@fortune.com. Jessica Mathews compiled the IPOs section of the newsletter.
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Software Maker Confluent Raises $828 Million in Above-Range IPO

The Mountain View, California-based company sold 23 million shares for $36 each on Wednesday after marketing them for $29 to $33, according to a
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The Property Line: Avoid These Costly Home Selling Mistakes

It's a seller's market in real estate, which means that buyers have much to feel anxious about. But sellers have reasons to lose sleep, too. What if they
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South African brothers disappear along with $3.6 billion in Bitcoin

Subscribe to Fortune Daily to get essential business stories straight to your inbox each morning. The founders of South Africa's largest cryptocurrency
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The Most Iconic Title Holder For Every TNA Championship In History

The Most Iconic Title Holder For Every TNA Championship In History

Many of those stars have also held championship gold in the company, with a rare few having the distinction of defining their respective title to become
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Bank of England holds interest rates and asset purchases

This is above the central bank's 2% target and 0.3 percentage points higher than the BoE's May inflation forecasts. The MPC voted 9–0 to leave interest
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First-home buyers see contracts shredded as housing market drives up prices

Key points: A couple from northern Tasmania had their house and land contract torn up just as the build was completed; The housing market
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EJF Capital and North Signal Capital Complete $32 Million Construction Financing on Two …

INDUSTRY KEYWORD: COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY FINANCE BANKING PROFESSIONAL
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SEC steps up campaign vs illegal online lenders

The Securities and Exchange Commission (SEC) has issued a fresh warning against lending and financing companies that fail to register and
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Homes in Texas are staying on market for record-low time, new report says

“Mortgage rates are still hovering around 3 percent, and ongoing demographic trends continue to support housing demand,” Luis Torres, research
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Regulators vetting casino sale to MGM real estate trust

BOSTON (State House News Service) – The Gaming Commission began Thursday to wade through a complex proposed real estate transaction that
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Biden Says He Has Infrastructure Deal With Senate Group

… an infrastructure package with a bipartisan group of senators, Bloomberg News reports. More information is available on the Bloomberg Terminal.
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Stress tests passed, banks are primed to pay shareholders.

The nation's biggest banks can get back to business as usual. The Federal Reserve said on Thursday that Wall Street lenders, soon to be freed from
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Fintech lenders are critical to small businesses accessing PPP

Over 5,500 lenders — traditional banks, credit unions, financial technology (fintech) firms, community-based financial institutions, and their employees
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A 'Rebuilding American Retirement' Call to Arms for Financial Advisors

where he shared data to explain why the reverse mortgage loan is being … But many advisors still do not realize that reverse mortgages are a very
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Good Time to Buy Your Dream Home

It has pushed the real estate adoption significantly higher as well. … According to the IMGC report, property prices across most markets have corrected
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Supreme Court Decides Collins v. Yellen

… housing bubble burst in 2008, two of the top sources of mortgage financing — Fannie Mae and Freddie Mac — were in serious financial trouble.
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Lineage Bank celebrates Franklin location with ribbon cutting

Richard Herrington's career in banking spans 50 years, and he's well known in the Franklin banking community. He founded Franklin Synergy Bank in
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All-Night Antitrust Debate Moves Big Tech Bills Forward

The House Judiciary Committee advanced a bill to prevent companies like Amazon.com Inc., Apple Inc., Facebook Inc. and Alphabet Inc.'s Google
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Walmart MoneyCard, Issued by Green Dot Bank, Now Offered as Demand Deposit Accounts with …

New and existing Walmart MoneyCard account holders may now access Green Dot Bank's more comprehensive digital banking platform similar to a
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HNBA Launches Hispanic General Counsel Advisory Council

HNBA Vice President of Programs Anna Maria Tejada said in a statement that Hispanics fill 3% of general counsel roles in Fortune 500 companies.
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CoreLogic releases update on New Zealand housing market

Three months ago, the government released a new housing package to deliver a more sustainable housing market and support first-home buyers
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Czech central bank raises rates by majority vote

A majority of the Czech National Bank's board voted to tighten monetary policy on June 23 in a bid to tame higher inflation. The seven-member body
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MGM Resorts International stock rises Thursday, outperforms market

Shares of MGM Resorts International MGM, +2.18% rallied 2.18% to $44.06 Thursday, on what proved to be an all-around great trading session for the
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A reversal of fortune for this years Texas Panhandle wheat crop

A reversal of fortune for this years Texas Panhandle wheat crop

AMARILLO, Texas (KVII) — What had been projected to be a tough year for dryland and irrigated wheat crops is experiencing a reversal of fortune.
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St. Louis rents have risen sharply

Other reports showed similar trends. Stessa, an app that tracks rental property performance, reported that the median cost of rent in St. Louis rose 4%
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CDC Makes Final Residential Eviction Moratorium Extension

… Federal Housing Finance Agency will extend its foreclosure moratorium for Fannie Mae- and Freddie Mac-backed mortgages until the end of July.
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"Bloomberg Markets: European Close" (06/24/21)

“Bloomberg Markets: European Close” (06/24/21). Bloomberg Markets · TV Shows. June 24th, 2021, 10:20 AM PDT.
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Does Edison International (NYSE:EIX) Have A Healthy Balance Sheet?

Debt is a tool to help businesses grow, but if a business is incapable of paying off its lenders, then it exists at their mercy. Ultimately, if the company can't
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Bull of the Day: PulteGroup, Inc. (PHM)

“The need for almost 4 million additional homes as recently estimated by Freddie Mac to meet buyer demand, and expectations for an acceleration in
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Agricultural Lending: By the Numbers

For 2020, total farm lending was $98.6 billion, a slight decrease from 2019. farm lending. Agricultural production loan demand declined 6.7% due to
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Stocks at 40 Times Profits Are Cheap, Wall Street Has Determined

Now with inflation expectations starting to abate, the Faamg stocks — Facebook Inc., Apple, Amazon.com Inc., Microsoft Corp. and Google parent
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BEST IN FINANCE: Tony Schoen

… fintech by the banking industry in order to deliver the desired customer experiences. First Savings provides online mortgage application capabilities
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Fortune Brands Home & Security Inc. stock rises Thursday, still underperforms market

Shares of Fortune Brands Home & Security Inc. FBHS, +0.33% inched 0.33% higher to $97.69 Thursday, on what proved to be an all-around positive
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4 Home Improvement Stocks in Focus on Solid Demand Conditions

Markedly, low mortgage rates and high demand for residential property have been aiding the housing market. Rapid urbanization trends also continue to
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Buyside launches a new home valuation pages feature

Buyside helps real estate agents and loan officers engage homeowners with not just home value tools but also branded wealth optimization tips on their
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Cell Tower Lease, Detached Garage Focus of Pa. Real Estate Cases

The following are recent Pennsylvania court cases of note to real estate law practitioners. In Grove v. Lutz, 2021 Pa. Super. 1, (2021), the
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Griffin-American Healthcare REIT III and Griffin-American Healthcare REIT IV Announce Definitive …

The management team believes that powerful demographic trends will provide tailwinds for healthcare real estate for years to come as the asset class
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Texas real estate sales continue to increase, including Jim Wells County

… than 2,000 sales below peak levels reached at the start of the year, according to the Texas Real Estate Research Center at Texas A&M University.
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Money Stuff: Fidelity Manager Lacked Diamond Hands

Here is a Bloomberg article titled “A Longtime Fidelity Manager Sold … They see financial markets not simply as a grocery store where you can buy
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BIS report shows growing divide on crypto

Central banks strike a second blow against digital tokens. … element that underpins the payment system,” the Bank for International Settlements (BIS)
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Dozens of former Sears storefronts are up for sale as CEO focuses on redevelopment

Subscribe to Fortune Daily to get essential business stories straight to your inbox each morning. The owner of former Sears stores is looking to sell as
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The Biggest Reason I'm Bullish on This Supercharged Growth Stock

Fannie Mae and Freddie Mac have been under government control since the financial crisis, and so are all of their profits. Investors have been patiently
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Young Girvan beauty queen set for American adventure after landing Scottish title

Sasha was sponsored by Cheryl Cooper of Bows and Sews, a Girvan-based children's clothing company, who backed two other contestants who also
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Microsoft closes above $2 trillion market cap for the first time

Microsoft closes above $2 trillion market cap for the first time

The milestone follows the company's unveiling of Windows 11, its first new version … The appreciation of the company's stock price reflects a rejuvenated … Microsoft had reclaimed the title of most valuable public company, although
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Chamyne Fortune Thompson announces candidacy for Mobile City Council District 1

(WPMI) — Community Leader, Advocate, and Single Mom Chamyne Fortune Thompson, a Facility Supervisor for the City of Mobile Parks & Recreation
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Black, Hispanic homeowners ended 2020 with less home equity than white borrowers: report

More white homeowners refinanced their mortgages during this time. Historically, Black Americans have been economically redlined from building
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Eli Lilly Alzheimer's Drug Gains FDA Breakthrough Status

… it could drive down the price of Aduhelm, Matteis said. Analysts surveyed by Bloomberg currently estimate donanemab's 2024 sales at $358 million.
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Real Estate Transactions: June 25, 2021

Real Estate Transactions: June 25, 2021. Previous … S: Home Roots Properties Inc. COLRAIN … S: Barbara L. Hoadley Estate and Susan N. Hoadley.
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Mortgage rates decrease

Freddie Mac's Primary Mortgage Market Survey shows the 30-year … increases are temporary,” Sam Khater, Freddie Mac chief economist, said in a
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Ottawa names CDIC CEO Peter Routledge to head federal banking regulator

It regulates the banks as well as federally incorporated or registered trust and loan companies, insurance companies, co-operative credit associations,
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SmartAsset rethinks financial advisory, and becomes a unicorn in the process

Besides pairing consumers with advisors with its Automated Financial … through its personal finance content, tools and “personalized” calculators.
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The secret to checking items off the corporate to-do list? Decluttering, says Poo~Pourri CEO

… she's learned about drowning out the background noise to streamline corporate success, as she outlined during an interview at Fortune's MPW Next
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Reverse Mortgages are Gaining Steam Internationally

The reverse mortgage product category as offered in a few other countries appears to be seeing a new degree of interest in foreign nations,
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White House Announces Extended Foreclosure Moratorium, HUD Delays Servicing Revisions

“Three federal agencies that back mortgages – [HUD, VA, and USDA] – will extend their respective foreclosure moratorium for one, final month, until
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Foundation Home Loans and Paragon expand BTL range

Paragon Bank's director of mortgage sales, Moray Hulme, said: “With the stamp duty holiday tapering down at the end of the month, landlords will be
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Real estate mogul Jorge Perez sells Coconut Grove penthouse for $10 million

Miami real estate giant and CEO of The Related Group Jorge Pérez recently sold his Coconut Grove penthouse for $10 The New York Post reported.
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Endo Wants Out Of Investors' Stock Inflation Suit

Law360 (June 24, 2021, 6:21 PM EDT) — Endo International PLC sought to squash investors' claims it had artificially inflated its stock prices by hiking
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House passes bill to repeal OCC 'true lender' rule

The OCC in October issued the true lender rule to govern partnerships between banks and third-party lenders that allow consumers to take loans with
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Michigan Matters: Rocket Mortgage Classic Tees Off in the Motor City

… who hails from Flint, talk about the upcoming 2021 Rocket Mortgage Classic taking place this week at Detroit Golf Club on “Michigan Matters.”.
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Project Destined Sends 2 Students to U of Miami Real Estate Program

The scholarship is funded in part by Miami Herbert Business School's real estate advisory council, Andrea Heuson, academic director of real estate
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Bolivia to buy more gold to strengthen reserves as prices set to rise – Bolivia's president

“We submitted a draft bill that authorizes the Central Bank of Bolivia (BCB) to purchase domestically-produced gold to strengthen the Net International
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Mortgage Rates Dip as Real Estate Market Stabilizes | June 24, 2021

This week's mortgage refinancing rates have dropped slightly since yesterday. 30-year fixed refinance rates: 0.02% lower than last yesterday at 2.76%.
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Buyer beware: Appraisers bidding up fees after loan applications

Appraisals are the only unregulated piece of the real estate settlement services pie. Largely, mortgage loan originators must charge everyone equally.
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Justices' FHFA Ruling Is Small Step In A Dangerous Direction

Justices' FHFA Ruling Is Small Step In A Dangerous Direction

In doing so, it sidestepped statutory restrictions on lawsuits brought by Fannie Mae and Freddie Mac shareholders and encouraged private parties to
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Fitch Assigns Expected Ratings to JP Morgan Mortgage Trust 2021-8; Issues Presale

The pool consists of prime quality fixed-rate mortgages (FRMs) from various mortgage originators. The servicers in the transactions consist of JP Morgan
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The delta between the Delta variants

Lastly, I'd be remiss not to mention Fortune's MPW Next Gen 2021 virtual … (Fortune). Glaxo aims to become a leader in the mRNA space. Can it?
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Xilinx Inc. stock rises Thursday, outperforms market

… +1.77% rose 1.77% to $137.92, and International Business Machines Corp. … Trading volume (1.3 M) remained 643,340 below its 50-day average
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Federal Reserve Board – Federal Reserve Board releases results of annual bank stress tests …

The Federal Reserve Board on Thursday released the results of its annual bank stress tests, which showed that large banks continue to have strong
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NYC's biggest employers ready to get things back to normal

Despite headlines heralding a steady exodus of businesses moving out of New York City, a new survey from real estate think tank CoreNet signals a
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Expeditors International of Washington Inc. stock falls Thursday, underperforms market

Trading volume (776,809) remained 456,787 below its 50-day average volume of 1.2 M. Editor's Note: This story was auto-generated by Automated
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Emily Ratajkowski on ownership, consent, and the #FreeBritney movement

“As a model, it's not only my body, but also my likeness that is used,” Ratajkowski said during Fortune's Most Powerful Women Next Gen digital summit
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The pros and cons of refinancing student loans with your current bank

… Wells Fargo, Bank of America) that offers all sorts of financial products, from checking and savings accounts to credit cards and mortgage loans.
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Media Advisory: Infrastructure Announcement in Moncton

Mark Calabria is on the way out as director of the Federal Housing Finance Agency, which runs Fannie Mae and Freddie Mac, after Supreme Court
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Company Insights for the Real Estate Agents and Brokers Industry | Emerging Trends, Company …

The real estate industry is adopting various AR and VR tools in order to boost sales. These tools enable real estate agents to showcase 3D home maps
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House Passes Van Hollen, Brown Legislation to Strike Down Trump-era “Rent-A-Bank” Rule …

Van Hollen-Led Resolution Strike Downs Rule Allowing Predatory Lenders to Circumvent Borrower Protection Laws, Charge Consumers Outrageous
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What the pandemic revealed about the meat supply chain

More must-read stories from Fortune: The importance of stimmies, capital gains tax, and a killer meme: Day traders reveal their investing secrets; The
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New home purchase mortgage applications decreased

The Mortgage Bankers Association's (MBA) Builder Application Survey (BAS) showed mortgage applications for new homes decreased in May 2021.
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TDCI: Educate Yourself On Home Inspectors' Roles Before Buying, Selling a Home

NASHVILLE — The Tennessee real estate market is experiencing record-setting home sales and demand that are helping bolster the Volunteer
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Biden nominates CFPB's Uejio to HUD role

Uejio's nomination continued an already-packed week for federal housing regulators, which saw the ouster of the head of the Federal Housing
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EV Maker Xpeng Seeks Up to $2 Billion in Hong Kong Listing

Nio Inc. and Li Auto Inc. are also planning sales in the city, Bloomberg News has reported. Guangzhou-based Xpeng joins a stream of U.S.-traded
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Pete's Kitchen Begins Pulling All-Nighters Again This Weekend

The stars aligned at 5:15 a.m. on June 22, when Marilyn Megenity sat down with brokers, representatives of the title company and the partners buying
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Related Group launches sales at Baccarat condo on Brickell

He also expects demand from Latin America, as Miami always attracts international investors. Yet, he expects a larger percentage of domestic buyers
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Anti-Corruption Regulation: Combating corruption in banking – the Indian experience

Corruption by banks in the manner they extend loans and subsequently recover (or restructure) them has systemic implications on the asset quality of
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Open Lending Signs Agreement with American National Affiliates

Open Lending Signs Agreement with American National Affiliates

AUSTIN, Texas, June 24, 2021 (GLOBE NEWSWIRE) — Open Lending Corporation (NASDAQ: LPRO) (“Open Lending and Affiliates” or “the
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All the documents NRIs will need when buying real estate in India

What you will need before you buy real estate · How can you execute a Power Of Attorney · How can you fund your purchase? · To get a home loan, NRIs
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Fintech Unicorn Upgrade Eyes New Funding at $3 Billion Valuation

British digital bank Revolut is seeking funding at a valuation north of $20 billion, Bloomberg News has reported. Read more: Deserve Valuation Tops
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Fitch Downgrades Three Classes of COMM 2012-CCRE5 Mortgage Trust; Maintains Negative …

… commercial pass-through certificates, series 2012-CCRE5 (COMM 2012-CCRE5 Mortgage Trust). Fitch has also maintained the Negative Rating
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Suze Orman Now Says You Can Put Down Less Than 20% on a Home — If You Do These Things …

You still need a fully-funded emergency fund, no credit card debt, and to not be skimping on retirement. What to Do Before You Purchase a House With
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Biden, Senators Get $579 Billion Bipartisan Infrastructure Deal

… that would benefit from infrastructure spending rose on news of the deal. … for that,” Indiana GOP Senator Mike Braun said on Bloomberg Television.
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Supreme Court FHFA Ruling Credit Positive to Fannie/Freddie Ratings

… Finance Agency (FHFA) is unconstitutional solidifies the ratings linkages of Fannie Mae and Freddie Mac (the GSEs) to the U.S. government rating
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Purpose Investments Inc. Announces 2021 Second Quarter Distributions for Purpose Specialty …

… NEWSWIRE) — Purpose Investments Inc. is pleased to announce the 2021 second quarter distributions for Purpose Specialty Lending Trust.
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Officials, developers break ground for Irvington affordable housing property

Financing partners include the New Jersey Housing & Mortgage Finance Agency, JPMorgan Chase Bank, Hudson Housing, the township and Greater
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Limited warehouse space leads to bidding wars, rising rents

Industrial real estate demand has become so strong that taking rents (initial base rent that the landlord and tenant agree upon) are going up faster
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Biden appoints Sandra Thompson acting FHFA director

… Secondary · Technology · People · Voices · Events · Resources · MortgageStats … National Mortgage News Logo … Unmatched news and analysis
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Custodian Prime Trust Cuts Ties With Crypto Lender Celsius

Custodian Prime Trust has given cryptocurrency lending platform Celsius Network 30 days to get off its platform, citing “red flags,” people familiar with
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US blocks solar panel materials from China over labor abuses

Subscribe to Fortune Daily to get essential business stories straight to your inbox each morning. Material used to produce solar panels in China will be
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Brooklyn brokerage upstart begins expansion with acquisition of PA firm

Tri State Commercial Realty, a commercial real estate advisory and brokerage firm in New York City, has acquired Precision Realty Group, which has
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Bridge Bank Extends $2.5 Million Credit Facility to NORCAL Ambulance

We have been with Bridge Bank since 2010 and feel confident that we can always count on them for their support and ability to meet our banking needs
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Everything to know about Microsoft's new Windows 11 software

Subscribe to Fortune Daily to get essential business stories straight to your inbox each morning. A new version of Microsoft Windows is coming this
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2019 Consumer Digital Banking Survey


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Feds Grant Extension on Foreclosure and REO Eviction Moratoria

Both the Federal Housing Finance Agency (FHFA) and the Center for Disease Control (CDC) Thursday announced one-month extensions to
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String Announces Promotion of Senior Leaders

… a SitusAMC company and leading provider of title production and title search solutions, announced today that the firm has promoted Gokul Venkat to
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"Bloomberg Markets: America" (06/24/21)

“Bloomberg Markets: America” (06/24/21)
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Deserve Raises $50 Million Series D to Drive Credit Card Transformation From Plastic to Software …

Deserve Raises $50 Million Series D to Drive Credit Card Transformation From Plastic to Software …

Transforming traditional credit cards into software creates a modern platform that will allow Deserve to deliver additional lending products that might
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China's global financial footprint

Chinese banks have increased their global presence, mostly buying up local banks in emerging market economies and increasingly acting like local
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CRE Finance Council reveals optimistic outlook for the sector

CRE Finance Council (CREFC), a commercial real estate trade association, recently announced the results of its latest survey, in which it asked its
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Transformative climate adaptation in the United States: Trends and prospects

The Obama administration initiated various policies to mainstream climate considerations into federal properties and investments that the Trump
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EU leaders to commit to finishing banking union … one day

BRUSSELS, June 24 (Reuters) – European leaders will promise on Friday to complete the EU's banking union in the future, but will leave it to their
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Risk manager renews at SJP waterfront corporate center

“We value our long-standing relationship with RMS as a true partner in helping them achieve their business growth objectives with smart real estate
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Local bankers win statewide leadership posts

Chris Bergstrom, president and CEO of Reston-based John Marshall Bank, has been tapped to serve as chairman-elect of the Virginia Bankers
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Qhubeka Assos becomes Qhubeka NextHash with lengthy new sponsorship deal

Less than a year after it nearly disappeared, the Qhubeka team has signed a five-year deal with a new co-title sponsor. by Dane Cash. photography by
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With Housing Inventory Low, Buyers Will Continue to Pay More for Their Dream Home

The real estate market is hot as housing prices rise and buyers continue to pay more for their dream homes. The pandemic has had a profound effect on
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Students Compete for Title of America's Top Young Scientist

Veda Murthy, Herndon, Va., Rachel Carson Middle School, Fairfax County Public School District; Viraj Pandey, San Jose, Calif., Bret Harte Middle
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How to avoid wire fraud when purchasing a home (FCL June 24, 2021)

Thieves are getting smarter when it comes to wire fraud; whether they create an email address that is similar to a title company, or a phone number.
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Hometrack partners with Moneyhub to deliver 'streamlined mortgage journey'

Brokers will be able to apply for mortgages on behalf of customers faster and more easily, said Hometrack. But for lenders, it means they won't have to
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Why Basel III regulations are poised to shake up the gold market

Since physical gold will have a risk-free status, this could cause banks around the world to continue to buy more, Koos said, adding that central banks
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Fifth Third Bank Offers Early Pay for Direct Deposits

Fifth Third Momentum Banking customers have one of the broadest range of options among all banks to get fast access to their money and address
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Bright Health IPO Tests Market's Desire for New Insurers

… projecting positive adjusted earnings before interest, taxes, depreciation and amortization for 2021, according to data compiled by Bloomberg News.
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Life Sciences Post-COVID: What's Here to Stay, What's Not

… National Life Science & Biotech Development & Trends,” Jeff DeVuono — executive vice president at Brandywine Realty Trust and life sciences and
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Move Over, Millennials: Gen Z Is Getting Ready To Enter the Housing Market

… not in the market yet,” says Realtor.com Senior Economist George Ratiu. However, they “already see the financial benefits of investing in real estate.
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Federal Reserve gives US banks a thumbs up as all 23 lenders easily pass 2021 stress test

… in July, the Fed has instructed lenders to wait until Monday afternoon to disclose their plans, according to people with knowledge of the situation.
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US House targets 'predatory lenders', votes to repeal Trump banking rule

Lawmakers voted 218 to 208 to roll back the so-called “true lender” rule, which attempted to clarify what laws applied to lenders like fintechs when
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Here's Why Momentum Investors Will Love Redwood Trust (RWT)

4 Stocks to Watch. Service Corporation International SCI: The Zacks Rank #2 (Buy) stock has increased 7.7% in the past six months. The company has
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FedEx's service issues in strong LTL market apparent ahead of cancellations

FedEx's service issues in strong LTL market apparent ahead of cancellations

FedEx Freight temporarily taps out; data shows carrier struggled to keep … The carrier has a $275 million capital plan for real estate in 2021, which
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Biden ousts Fannie, Freddie overseer, leaving firms in gov't hands

Investors who bet that Fannie Mae and Freddie Mac would soon be privatized have another thing coming. The Biden administration ousted the head
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2 Red-Hot Stock Picks for Aerospace Investors

Airplane taking off. Image source: Getty Images. However, that was then, and this is now. As you can see below, global commercial air flights are
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Is Matterport Stock a Buy?

Called “digital twins,” these interactive representations of the real world help people analyze properties without actually having to physically be in them.
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Rikkei Finance Introduces Five-Stage Transparency System for Crypto Lending

Rikkei Finance is a one-stop decentralized cryptocurrency lending ecosystem. It works on top of different blockchains, boasts NFT instruments, and
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CBP Advises International Passengers to Prepare as Peak Summer Air Travel Returns to …

Declare everything you bring in from abroad, even if you bought it in a duty-free shop. Be cautious when buying something from street vendors.
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The State of Edge Computing in 2021

Data Center Frontier: Edge computing continues to be a hot topic. How is … assets that we have within the broader Iron Mountain real estate portfolio.
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NOTICE OF TRUSTEE SALE

… as Grantor(s), to COMMONWEALTH LAND TITLE COMPANY, as Trustee, for the benefit and … 230424, official records of Clearwater County, Idaho.
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Massachusetts Gaming Commission OK's MGM Springfield sale to real-estate spinoff

Under the deal, MGM is selling the real estate for $400 million to MGM Growth Properties and will lease it back for about $30 million a year in rent.
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Credit Suisse's New Boss Should Scare Investment Bankers

Horta-Osorio wants to rehabilitate the firm's battered reputation but that may require only a few adjustments to reality. Just look at Deutsche Bank. By.
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Online Grocery Shopping and Store Pickup Trends Accelerated by the Pandemic are Now Slowing

… and as restaurants start competing for more of the food dollar, successful retailers will turn their attention to making their real estate more engaging
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Thiel Gets Tax Edge With $5 Billion in Roth IRA, ProPublica Says

Enjoying Bloomberg Wealth? … The news organization this month reported they obtained tax records on thousands of the wealthiest Americans
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Colliers Mortgage Provides $4.3M HUD-Insured Loan for Refinancing of Affordable Housing …

— Colliers Mortgage's Minneapolis office has provided a $4.3 million HUD 223(f) loan for the refinancing of Rosa Place in Mankato, about 80 miles
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Mortgage company's workaround lets desperate buyers make all-cash bids

They began working with Accept.inc, a Denver mortgage company that makes all-cash offers on behalf of borrowers, and the couple closed on a house
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Biden administration launches new round of distressed mortgage relief

The Biden administration on Thursday extended the foreclosure moratorium for federally-backed mortgages to July 31 while also announcing that the
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Forget Clover Health (COLV), Buy 3 Non-Meme Healthcare Bets Instead

Short squeeze occurs when day traders start buying the stock, which … Its growing international business offers geographical diversification benefits.
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Larry Roye recognized by Community Bankers Association

CBA honors bankers who have reached a milestone of 30, 40 or 50 plus years of banking experience and a proven record in excellent community
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Property in demand: Increase in prices is a matter of time

As a businessman with extensive international experience, Vibor Mulic cannot predict how the rise in prices will affect the Belarusian real estate market
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3 Extraordinary E-Commerce Stocks to Buy Now

Internet shopping is one of the most popular online activities in the world, … The ability to increase international traffic conversion and grow sales is
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Visa to acquire Swedish open banking fintech for €1.8bn

Payments giant Visa is taking over Swedish open banking fintech Tink, bringing open banking capabilities to its European business and consumer
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Freddie Mac Names New Board Member

Freddie Mac Names New Board Member

Freddie Mac today announced that Alberto G. Musalem has, as of June 17, joined its Board of Directors. Musalem is CEO, Co-Chief investment officer,
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Frenzied US Residential Market May Be Passed Its Peak

Although asking prices for U.S. homes continue to rise, there are signs that the red-hot housing market has passed its peak, according to a report
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EU Heads to LGBTQ Showdown as Merkel, Draghi Chide Orban

… we stand for diversity and LGBTI equality so that our future generations can grow up in a Europe of equality and respect. pic.twitter.com/tquS0v8oZM.
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TitleWave launches Colorado branch

HousingWire Daily · Housing News · Honest Conversations · Girlfunds … Loan or saving money for buy a house and real estate for family concept,
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M/I Homes – Consensus Indicates Potential 31.3% Upside

In addition, it originates and sells mortgages; and serves as a title insurance … The company was formerly known as M/I Schottenstein Homes and
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EEOC Sues Company for Firing Employee Who Refused to Be Fingerprinted

“The EEOC is committed to enforcing the rights of religious employees, and Title VII requires that an employer attempt to find a workable solution when
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Sentiment Soars in the Real Estate Industry According to RCLCO's New Report

BETHESDA, Md., June 24, 2021 /PRNewswire/ — Leading real estate consulting firm RCLCO released the results of their Real Estate Market
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Software Design Startup Figma Is Now Worth $10 Billion

Figma raised $200 million in the funding round, the company told Bloomberg. Backers included Durable Capital Partners and Morgan Stanley through
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BuzzFeed to become a publicly traded company

Its other brands include Tasty, the world's largest social food network. It has been buying up competitors, including HuffPost, the media outlet founded in
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Ground Zero Of The Housing Shortage

Consistent with the trends across the residential REIT industry over the past quarter, MH REITs significantly boosted their growth outlook, citing strong
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Congress Ends Trump-Era Rule Enabling Payday Lenders to Avoid Interest Rate Caps

The Senate approved the true lender rule repeal last month by a 52-47 vote; the House followed Thursday with a 218-208 vote. The Biden administration
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One of Italy's richest families will now own Sioux Falls' Raven Industries

That deal has CNH, the second-largest maker of farm engines and other equipment in the world, doling out a planned $2.1 billion in cash to buy
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Marriott's focus on personalization and privacy gave them an advantage during the pandemic

When Marriott International launched their Homes and Villas rental program in 2019, it was simply a new offering for the Fortune 500 company, a way
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Report: Covid-19 Was Catalyst to Process Digitization for Construction Lenders and Developers

AUSTIN, Texas–(BUSINESS WIRE)–Jun 24, 2021–. Rabbet, a leading provider of construction finance software for commercial real estate lenders
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Prosecutors seek pretrial detention for man charged in Apodaca Park killing

They said he also vandalized nearby Las Cruces Abstract and Title Company and a pickup truck before 5 a.m. on April 24. Arciniega-Saenz was
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Freedom Mortgage Kicks Off 2021 Rucksacks to Backpacks Campaign

“We continuously strive to improve the lives of our military communities,” said Stanley C. Middleman, founder and CEO of Freedom Mortgage. “We're
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PETA suspends international campaigns against Canada Goose after fur-free commitment

UBS rates Canada Goose stock a buy with a $58 price target. Canada Goose stock jumped 3.6% in Thursday trading, and has gained 42.2% for the year
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Macron says EU needs more coordination to counter Delta variant

Biden Ousts Fannie-Freddie Regulator After Supreme Court Ruling. (Bloomberg) — President Joe Biden ousted Fannie Mae and Freddie Mac's
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Accenture Makes Strategic Investment in Symmetry Systems

Shares of the company have jumped 42% over the past year. … Fidelity National Financial, Inc. FNF is a leading provider of title insurance, specialty
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Entera Bio Surging on Drug Development; Will the Rise Continue?

The company will evaluate potential additional osteoporosis market … Fidelity National Financial, Inc. FNF is a leading provider of title insurance,
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Biden Appoints New FHFA Director

Biden Appoints New FHFA Director

… policy, capital policy, financial analysis, fair lending and all mission activities for Fannie Mae, Freddie Mac, and the Federal Home Loan Banks.
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The CDC extends nationwide ban on evictions until July 31—says it will be the last one

Subscribe to Fortune Daily to get essential business stories straight to your inbox each morning. The Biden administration has extended the nationwide
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The Hecht Effect – Reverse Mortgage

What is a Reverse Mortgage and is it right for you? Watch More Videos. WATCH LIVE: First lady Jill Biden visits Kissimmee.
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Stock Market News Live: Dow, Nasdaq and S&P 500 All Open Higher

The average rate on a 30-year fixed-rate mortgage rose to 3.02% from 2.93% last week, mortgage-finance giant Freddie Mac said. “As the economy
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Who's in the mix to be the next FHFA director

Former Federal Housing Finance Agency (FHFA) Director Mark Calabria is cleaning out his desk, and the Biden administration has moved quickly to
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She's a director at Chevron and 3M. Here's her advice for young leaders looking to join a corporate …

… companies including Chevron and 3M, talked about her corporate board journey at Fortune's Most Powerful Women Next Gen Summit on Tuesday.
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Mortgage Rates Creep Above 3 Percent For The First Time In 10 Weeks

“For those homeowners who have not yet refinanced – and there remain many borrowers who could benefit from doing so – now is the time.” According
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Real Estate Property Services Innovator Lessen Closes $35 Million Series A Funding Round

Lessen modernizes the real estate industry with technology that delivers a comprehensive, end-to-end solution for property services. Lessen saves all
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Red-hot real estate market home to well-kept secrets with 'whisper listings'

The red-hot housing market shows no signs of cooling off, and is prompting agents to sell homes off-market by using a controversial practice known as
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HGTV, 51 Minds team for “Married to Real Estate”

HGTV is prepping a series starring designer and real estate broker Egypt Sherrod (Property Virgins, Flipping Virgins) and her husband, builder Mike
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Ask a real estate pro: Co-owner of house doesn't want to sell. What can we do?

Like most disputes, it is best to work things out without having to sue at all. Board-certified real estate lawyer Gary Singer writes about industry legal
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Florida's Housing Market Continued to Rebound in May

May's housing data offered insight into market trends, according to Florida Realtors Chief Economist Dr. Brad O'Connor. “Florida's inventory of existing
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The Parisian Agency: Netflix Shows Off France's Incredible Luxury Real Estate Properties

All real estate brokers know that you lead with a property's greatest asset… so why wouldn't Netflix do the same? Especially when these properties—
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Comcast has big streaming dreams to compete with Netflix and Disney

Tomorrow is my last day at Fortune, therefore this is my last Data Sheet. It's been a pleasure delivering the day's news to your inboxes, first as a guest
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Austin's high housing prices could be the new normal, expert says

According to one real estate expert, this housing market isn't going to improve for buyers. Chief Economist for Redfin Daryl Fairweather said she
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Becoming a Landlord Was the Best Decision I Ever Made. Here Are 4 Tips for Getting Started

A year and a half later, I had learned enough to realize that real estate investing could be a crucial piece of my own financial independence. I also saved
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The Supreme Court decides not to light the housing market on fire

Yellen, that threatened to throw the entire US housing market into turmoil, unless a majority of the Court was willing to take a couple steps back away
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I Thought Owning A Home Would Be A Dream, But It's A Nightmare. Should I Sell?

Every month, personal finance expert Paco de Leon will answer your most difficult, emotionally charged questions about money. This year has forced
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Columbia Banking System buying California bank for $266 million

A subscription includes all news and analysis, exclusive research reports, data from S&P Global Ratings and access to an on-demand video library of
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Mortgage rates jump above 3% for the first time since April — economists warn they're likely to rise …

The 5-year Treasury-indexed adjustable-rate mortgage averaged 2.53%, up one basis point from the previous week. Advertisement. “ 'Markets once
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