raceAhead is shifting gears

raceAhead is shifting gears

Join us at Fortune Connect? As many of you know, I've been hard at work as editorial director of Fortune Connect, a virtual convening & learning
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CFPB Report: Consumers Exit Payment Assistance Started at the Beginning of the Pandemic

Consumers' need for payment assistance on loans appears to be improving, … Mortgage borrowers in non-metro area census tracts, in counties with
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FHFA delivers adverse market refinance fee verdict

Effective August 01, Fannie Mae and Freddie Mac will no longer be charging lenders a 50-basis-point fee when the GSEs deliver refinanced
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4 Top Housing Stocks Braving Rising Home Price Scenario

Trends to Rule Housing. Redfin Chief Economist Daryl Fairweather expects home prices to stabilize as more homeowners list their homes, “realizing
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ProBit Review: Wide Range of Coins, Trading, and Staking — but No Lending

It does some things very well — such as basic crypto trading and initial exchange offerings (initial coin offerings that are safer for investors) — and some
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Hounds Town USA to open doggie daycare in DUMBO

The landlord is Churchill Real Estate. 57 JAY STREET. Hounds Town will be located at 57 Jay Street in Dumbo Brooklyn. It is 1,500 square feet on the
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Mansion Global Daily: Turn Crypto into a Condo, Home Prices on Scottish Islands Soar, and More

Mansion Global Daily: Turn Crypto into a Condo, Home Prices on Scottish Islands Soar, and More · Mansion Global's daily round-up of the latest luxury
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Freddie Mac: Real Estate Market Will Remain Strong Through 2021

– The average 30-year fixed-rate mortgage is expected to be 3.1% in 2021 and 3.7% in 2022. In 2020, the 30-year averaged 3.1%. – House price growth
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Broker says housing supply is slim as 2000 Disney employees plan to move to Lake Nona

This comes as the Orlando housing market is showing some of the lowest supply of houses available in history, with demand at an all-time high.
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'Good fortune a police officer hasn't been killed this week', says Federation

Essex Police Federation says it is “good fortune” that a police officer was not killed this week “after colleagues were struck and injured by cars”. Jul 16,
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US Cases Triple; Biden Says Misinformation Kills: Virus Update

U.S. Cases Triple; Biden Says Misinformation Kills: Virus Update. Bloomberg News. July 16, 2021, 4:36 PM PDT
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Simon Property Group Inc. stock falls Friday, underperforms market

Simon Property Group Inc. stock falls Friday, underperforms market. Published: July 16, 2021 at 5:22 p.m. ET. By. MarketWatch Automation.
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Goldman Brushes Aside Stocks' Volatile Day as Mere Options Noise

And much of it's been concentrated in just a handful of stocks, with more than 60% of the total traded in July attributable to just five names — Amazon.com
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Boulder Beer's brewpub sells to health-care real estate developer

Iron 26 is an affiliate of Denver-based NexCore Group, a medical office real estate developer. The space was built in 1984 and expanded in the 1990s. It
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The Antagonists: Godhood Comics Title Acquired for TV Series Adapt

Deadline has reported that Los Angeles-based production company Braham Entertainment has acquired TV adaptation rights to Godhood Comics'
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Markets 'Dangerously High' Given Inflation: Aswath Damodaran

Aswath Damodaran, professor of finance at the NYU Stern School of Business, talks with Bloomberg's Caroline Hyde, Romaine Bostick and Joe
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What It's Like to Visit Mexico City Now

Cyntia Barrera Diaz is a Bloomberg Breaking News Editor, based in Mexico City. On most weekends in the trendy Condesa, Roma, and Polanco
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Fortune Deems Bounteous One of the 2021 Best Workplaces for Millennials™

Great Place to Work ® and Fortune magazine have honored · Bounteous' robust client roster includes co-innovation partnerships with blue-chip brands
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China's New Carbon Market, the World's Largest: What to Know

China, the world's largest supply of greenhouse gasoline air pollution, opened a nationwide carbon emissions buying and selling market on Friday,
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Morgan Stanley Bankers Falling Behind Rivals in M&A Fees

Wall Street dealmakers basked in the spotlight this week as the biggest U.S. banks touted their windfalls from a surge in corporate hookups. But as
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Sale Prices And New York City Co-Op Boards: A Reality Check

Sale Prices And New York City Co-Op Boards: A Reality Check

Appraisers will have inaccurate information when they assess properties for banks and mortgage lenders. Long-term studies to determine market
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Chinese buyers abandon Australia's housing market, still get blame for rising prices

Right-wing figures blamed Chinese buyers for stoking Australia's 2015 housing boom. Six years on and foreign buyers have fallen 80 per cent, yet
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Exec who claimed to no longer hate Jews after admitting anti-Semitism leaves Google

“I'm unsure why you would write this under your title and company affiliation and it frustrates me. You could simply have done this as a private person,”
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Ex-States Title GC, Obama Assistant Joins LendingClub Board

Law360 (July 16, 2021, 2:08 PM EDT) –. Adrienne Harris. LendingClub Corp. has added as its newest board member an ex-general counsel who
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Google Cloud parts ways with developer relations VP following antisemitism row

One such example are his relations with VMware co-founders Mendel … would write this under your title and company affiliation and it frustrates me.
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Part One: Why A Real Estate Mentor Is Worth Their Weight in Gold

Real estate mentors can have a significant impact on an agent's profitability at the beginning of their careers, but is it an option for everyone?
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Fidelity plans to roll out Ether trading for hedge funds by March 2022

… who will be building out support for new asset classes and extending operational hours for a crypto market that runs 24/7, he tells Fortune.
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Real Estate CUSO & Mortgage CUSO Join Together

The real estate CUSO HomeAdvantage, formerly CU Realty Services, and the mortgage loan CUSO Member Home Loan revealed a partnership
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Tired of traffic jams? Mercedes plans autumn launch of self-driving feature for the Autobahn

Subscribe to Fortune Daily to get essential business stories straight to your inbox each morning. Mercedes-Benz is in talks with regulators to bring the
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Blend Labs' Mayopoulos Not Concerned About Mortgage Market

… explores successful leadership through the personal and professional choices of the most influential people in business. More episodes and clips.
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Square Should Cash In On Cash App, Says Analyst

Furthermore, Dolev considers Payday Lending a huge opportunity for SQ and added that with an annual percentage rate (APR) ranging between 60%
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3 essential certifications for mortgage brokers

Why should I become a certified mortgage broker? So, you've passed the licensing exam, submitted all the legal documents, and received your permit to
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Hedge Funds Short ESG Market Darling Credito Real

Payroll lender won over foreign investors by promising to lend to Mexico's underbanked poor, but some now question its financial reporting. A market in
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Utah's housing market is on fire, but are we heading towards a shift soon?

In this week's Real Estate Rundown, UVO Group agents Chris Hoffman and Quinsee Beach joined us to talk about Utah's market. We all know it's
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As eviction moratorium nears end, concerns grow about rising housing costs

“I would expect cities with lower vacancy rates to have more evictions, since landlords will opt to evict tenants, since they can re-rent their units quickly,”
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Real estate website launches new tool to help protect New York City renters

Now StreetEasy, an app that lists real estate and connects tenets with landlords, has introduced a new feature to help New Yorkers know their rights
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Title VII: The Fourth Circuit Expands the Evidentiary Routes for Same-Sex Sexual Harassment …

Defendant is a Charlotte-based company providing underwater inspection and repair services to utility companies. The plaintiff started working for the
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Triplemint: The Quarterly State of the Market Report

Hudson County has always been a hot spot for the real estate market, but the 123% increase in total sales from 2020 to 2021 shows just how popular the
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Africa's Rainbow Nation Peers Into the Abyss

It was the first use of the law against a news outlet amid a deepening crackdown on dissent. … Send your answers to balancepower@bloomberg.net.
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Accord Mortgages to cut rates on high LTV resi products

It comes with a £495 fee, £1,000 cashback and free standard valuation. Accord Mortgages' mortgage manager Jemma Anderson (pictured) said: “We're
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This is Why Alexandria Real Estate Equities (ARE) is a Great Dividend Stock

This is Why Alexandria Real Estate Equities (ARE) is a Great Dividend Stock

Alexandria Real Estate Equities (ARE) is headquartered in Pasadena, and is in the Finance sector. The stock has seen a price change of 7.51% since
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A $100M raise will help MPower Financing raise its international profile

Tilden Park and King Street Capital Investment were the two main investors in the round, with additional funding from Pennington Partners and Capital
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Powell clarifies timeline on Fed CBDC paper

In two congressional hearings this week, lawmakers grilled the central bank chair … But Powell acknowledged Thursday in front of the Senate Banking
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12 housing markets forecast to explode, LoanDepot, SitusAMC, Cenlar announce leadership hires …

Fannie Mae, Freddie Mac loan modifications reach a pandemic high. Modifications of loan terms for financial hardships at Fannie Mae and Freddie Mac
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Trying to grow retail lending; keen on shifting to more longer-term borrowing: Jairam Sridharan …

Of the total loan book of Rs 44,668 crore, wholesale lending remained at Rs 39,365 crore till March 2021. After DHFL merger, what is your target of retail
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Artis Real Estate Investment Trust Closes the Sale of GTA Industrial Portfolio

Artis is a diversified Canadian real estate investment trust with a portfolio of industrial, office and retail properties in Canada and the United States. Artis'
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Despite a new record price, growth slowed and pending sales dipped for first time since May 2020 …

Tight housing supply continues to be the primary constraining factor for sales in the lower price segment. The state has sold more homes in the million-
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Freddie Mac raises origination outlook even as purchase demand softens

“We expect refinance activity to soften as higher mortgage rates dampen activity.”.
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The housing boom has finally arrived in Chatham

This South Side neighborhood, long a Black middle-class stronghold, was hit hard by the foreclosure crisis. But now, homes are selling at prices not
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Ex-Zillow execs promise revolution in lending

Tomo will only originate purchase mortgages, and it's specifically targeting areas with especially fast-rising home prices and high demand among
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Connecticut Retirement mulls commitment to Centerbridge real estate fund

CRPTF's real estate consultant, NEPC, said in the meeting document that the fund targets a net internal rate of return of at least 16%. Fund II will target
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Latest off-market sales include Arabian Road deal for $7.5M in Palm Beach

It's also no secret that a fair share of those deals have been off-market transactions. But that doesn't mean that real estate agents aren't involved.
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BankGloucester CEO named to bankers association board

Patrick Thorpe, President and CEO of BankGloucester, has been elected to the 20-member Board of Directors of the Massachusetts Bankers
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Regulators are ending the 0.5% fee on mortgage refinances

FHFA oversees Fannie Mae and Freddie Mac, the mortgage giants that buy about two-thirds of all U.S. home loans. Fearing a repeat of the foreclosure
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One day, three million-dollar closings in Greenville's luxury market

The greater Greenville area is one of the 20 top metro areas in the country with the strongest commercial real estate conditions in 2021, according to a
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Foreclosure Filings Down 68% This Year

Doma Intelligence platform will remove key points of friction and frustration that affect traditional mortgage closings. Nationwide mortgage lender,
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Homeowners have another chance to refinance as mortgage rates fall again

“Since their peak at 3.18% in April, mortgage rates have declined by thirty basis points,” said Sam Khater, Freddie Mac's chief economist. “While this
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What is Terra? Your guide to the hot cryptocurrency

That could make Terra less appealing to some blockchain purists. More must-read tech coverage from Fortune: What is sideloading? Everything to know
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Big banks are getting even bigger, raising alarms in Washington

Meanwhile, several other regional banking deals announced earlier this year are pending approval, including M&T Bank's (MTB) purchase of People's
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Terreno Realty (TRNO) Buys Hialeah Asset, Enhances Portfolio

Terreno Realty's shares have gained 19.2% in the past six months compared with its industry's rally of 21.5%. However, the Zacks Consensus
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United Airlines Is Buying 100 Zero-Emission Electric Planes From a Swedish Startup

United Airlines Is Buying 100 Zero-Emission Electric Planes From a Swedish Startup

Guilt-free flying may be a reality sooner than anyone ever imagined. On Friday, United Airlines announced that it has invested in Swedish electric aircraft
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Mortgage Credit Tightened Significantly in June

Mortgage credit availability decreased 8.5% in June compared with May, reaching a score of 118.8 on the Mortgage Bankers Association's (MBA)
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A British retailer is turning their unused real estate into homes—could it catch on across the pond?

The company is in the initial stages of creating 10,000 residential units, 70 percent of which will be built into their existing real-estate portfolio, such as
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SA lending startup Akiba Digital raises $1.1m pre-seed funding for scale

South African fintech startup Akiba Digital, which is lowering the barriers to entry to enable small businesses to unlock financing through their lending
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Chasing dividends during the COVID-19 pandemic

Our evidence indicates that dividend-seeking investors are likely to be the … 2019 (COVID-19) pandemic deeply impacted businesses worldwide.
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High demand, low inventory: Renters face tough housing market in DC area

Even as the pandemic remains very much present, real estate experts in the D.C region say, the housing market, especially with rentals, is not slowing
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Here is What The Biden Management's New Loan Agreement Regulations Imply For You:

… loan corporations Fannie Mae and Freddie Mac from submitting maximum first-time foreclosures programs till the CFPB's rule is going into impact.
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Wild Flows, Shorting Ark and an Unlucky Reshuffle: The Exchange

… just the story of “inflows to everything,” though rising markets have helped. … at the analysis available to terminal users from Bloomberg Intelligence.
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Moderna, US Bank Shares and Zomato: Investments in the Spotlight

Lending Slump. After a year of massive government stimulus, the big U.S. banks are feeling the equivalent of a hangover. Bank of America Corp.
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Summerlin townhouse project sells out before breaking ground

Fueled by cheap borrowing costs and more out-of-state buyers than usual, Las Vegas' housing market has seen record-high prices and rapid sales for
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Yellen to Convene US Regulators to Discuss Stablecoins

The meeting of the President's Working Group on Financial Markets will “discuss interagency work on stablecoins,” the Treasury Department said in a
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Mortgaged homebuyers prefer rural setting to city life

Alternatively, single-family, owner-occupied home purchase mortgages in rural areas in 2010 were 17% of total mortgage purchases. By the end of the
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Broad Creek, Springer expand suburban multifamily portfolio

The total purchase price was $16.5M and the two properties together consist of … The portfolio currently totals over 530 units of multifamily real estate.
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10 Houston companies make 'Best Workplaces for Millennials' list

David Weekley Homes, one of Houston's largest private companies, was recognized as a Fortune Best Workplaces for Millennials 2021. Melissa Phillip,
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Attorney Offices Aren't Going Away, Real Estate Experts Say

Across the legal industry, law firms' leasing activity was down in 2020 from previous years. According to a June report released by Cushman & Wakefield
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AG Healey Celebrates Debt Relief Victory for Thousands of Former Corinthian Students in …

“Our office, alongside the fierce advocates at the Project on Predatory Student Lending, stood by these students and their families from the start and
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Home Economics: Four steps to trust your advisor; Variable rate mortgage hits new low

Mortgage rates hit historic lows close to free money: Mortgage pr… Up Next. 5:42. CMHC eases mortgage underwriting criteria.
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Demand for mortgage refinances surges as rates drop: Here's how to get yours

Mortgage applications overall increased last week, and it was led by a sudden surge in mortgage refinance applications, the MBA survey showed. The
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US Banks See Loan, Revenue Pressure Despite Consumer Spending Pickup

Fitch Ratings-New York/Chicago-16 July 2021: Reported second quarter results of the largest U.S. banks thus far have largely been in line with
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Mat Ishbia on Leadership and Mortgage Lending (Podcast)

… the chief executive officer of United Wholesale Mortgage, which is the top wholesale lender and No. 2 overall mortgage lender in the United States.
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Arizona AG files lawsuit against two Tucson real estate companies and manager

Arizona AG files lawsuit against two Tucson real estate companies and manager

… Attorney General Mark Brnovich has filed a lawsuit against two Tucson businesses that allegedly defrauded customers in real estate transactions.
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Fortress to sell UK mortgage company with crisis-era roots to Athene

The proposed acquisition, which comes just days after U.S. digital lender Better.com announced plans to buy London-based online mortgage broker
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Tyrell Fortune says he shouldn't have an problems beating Matt Mitrione at Bellator 262

Coming off his first career loss in February of 2020, Bellator heavyweight Tyrell Fortune was able to rebound with a victory last November, and looking
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2021 WWE Money in the Bank predictions, card, matches, start time, date, PPV preview, location

The card currently consists of four championship matches along with both a men's and women's version of the iconic Money in the Bank ladder match.
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"Bloomberg Markets: America" (07/16/21)

“Bloomberg Markets: America” (07/16/21). Bloomberg Markets · TV Shows. July 16th, 2021, 9:54 AM PDT.
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Francisco Figueiredo 'very motivated' to silence critics after brother Deiveson's title loss

… that the ex-champion wants to be on the undercard of Moreno's first title defense if the company opts against an immediate trilogy with Moreno.
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Looking for a Greener Way to Invest in Real Estate?

The index is composed of securities that are also components of the MSCI ACWI Investable Market Index, an equity index composed of more than 8,700
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China reluctant to lend more money to Nigeria, believes country over-exposed

Nigeria is seeking $1 billion so work can continue on a gas pipeline costing up to $2.8 billion after Chinese lenders failed to disburse cash as quickly as
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Today In Digital-First Banking: Blend Starts Trading On NYSE; China Looks Into Digital Yuan For X …

In today's top news in digital-first banking, Blend Labs, Inc. launched its initial public offering (IPO), while the People's Bank of China (PBOC) is
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White House Not 'Sitting on Our Hands' About Inflation, Biden Adviser Says

Federal Reserve Chair Jerome Powell, whose four-year term expires in February, was confronted by policy makers Thursday about his own view that
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The UBI Skeptics May Be Right

The winners worked less and were unlikely to start a successful business. … China's Xiaomi has overtaken Apple as the world's second-largest
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What's Next For Netflix? Look Ahead To Earnings (Podcast)

Josh Wein, Portfolio Manager for Hennessy Funds, talks markets. John Murphy, Pharmaceutical Analyst for Bloomberg Intelligence, talks about
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Heat wave, drought create disruptions in agriculture market, production

… white wheat to international buyers, due to their higher quality standards. … better grazing, selling cattle, and when possible buying feed,” Betts said.
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Oregon Is the First State to Ban those Real Estate 'Love Letters'

Over the years, Portlander Kate Fulford has seen more than of her share of love letters. Not the romantic kind, bound up in ribbon, smelling faintly of
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More Portland area homes for sale helps buyers despite median sale price jumping $6000 in a …

Oregonians adjusting to coronavirus stay-at-home orders and a crashing global economy last year helped put the skids on the Portland area's housing
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Wall Street's China Dreams Get Jolt From US Hong Kong Warning

As tensions flared between pro-Democracy protesters and China's allies in recent years, bankers had a direct view, sometimes watching melees break
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Top 10 most read mortgage broker stories this week – 16/07/2021

The aftermath of racist abuse towards England's footballers saw police step in to investigate the behaviour on the social media of a Savills staff
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House Hacking: What It Is And How It Can Drastically Reduce Your Living Expenses

With that, you can use those funds to cover your mortgage more quickly, which frees up cash flow to explore other investment opportunities. Easier to
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Impossible Foods to Launch Nuggets Into Brewing Faux-Chicken Battle

The nuggets will launch in restaurants first, before heading to retailers. Photographer: Deena Shanker/Bloomberg. Since debuting its eponymous burger
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Reuters Photographer Killed as Afghan Forces Battle Taliban

Islamabad (AP) — Afghan government forces battled Friday to retake a border crossing with Pakistan from Taliban insurgents, and the Reuters news
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Refinancing Your Home Might Get Cheaper This Fall

Refinancing Your Home Might Get Cheaper This Fall

The Mortgage Bankers Association (MBA) estimated that the fee cost borrowers an average of $1,400 per loan. The big question is will lenders hand that
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Banks now rely on a few cloud computing giants. That's creating some unexpected new risks

The Bank of England has urged financial institutions to remain cautious when switching to the cloud. Here's why.
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Kevin Miller

Kevin Miller is Vice President, Old Republic National Title Insurance Company and Business Development Officer for the National Commercial Title
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Here's Why You Should Retain Mid-America Apartment (MAA) Stock

This residential real estate investment trust (REIT) has a well-diversified portfolio in terms of markets, submarkets, product types and price points.
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Bellator 262 predictions — Juliana Velasquez vs. Denise Kielholtz: Fight card, odds, start time, live …

Fortune, 31, has just one blemish on his resume when he was stopped by Tim Johnson in February 2020. Outside of that, the Bellator MMA staple since
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Could Banking Magic Save Cities From Climate Disaster?

A flawed but historically robust emergency response to the Covid-19 pandemic by Congress and our nation's central bank helped America avoid the
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13% of Canadians spend more than half of their take home pay on their mortgage: RATESDOTCA

Ontario loosens restrictions, Trudeau unveils border timelines · Related Video.
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Fortune Brands Home & Security Inc. stock underperforms Friday when compared to competitors

Shares of Fortune Brands Home & Security Inc. FBHS, -1.11% slipped 1.11% to $95.41 Friday, on what proved to be an all-around grim trading
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Wall Street edges lower as value, growth stocks fall; defensives gain

Real estate also hit a record. “It's been hard for the market to gain here from these already elevated prices,” said Rick Meckler, partner at Cherry Lane
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"Bloomberg Markets: European Close" (07/16/21)

Bloomberg Markets: European Close. Live from New York and London, analyzing the major market moving stories across the day in Europe, hear from
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Home sales are beginning to stall as buyers hit their limit

Home sales fell 1.2% from May to June, the largest drop at this time of year on record since at least 2012, according to a new Redfin study released
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Real estate agents espouse advantages of living in Solon

All three of the real estate professionals said the services, such as recreation centers and schools, are some of the best in the area. Zettl said Solon's
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DBP named lending conduit for UN-backed climate fund

DBP named lending conduit for UN-backed climate fund. By: Daxim L. Lucas – Reporter / @daxinq · Philippine Daily Inquirer / 05:22 AM July 17, 2021
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Ethereum Co-Founder Says Safety Concern Has Him Quitting Crypto

Regis Residences Toronto, the former Trump International Hotel & Tower in the downtown business district. In recent years, Di Iorio jumped into venture-
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From Open House Horrors to Clients from Hell, LA's High-End Real Estate Agents Tell All

Who better to parse the L. A. luxury-real-estate market than these unscripted real-estate celebrities? An original cast member of Bravo's Million Dollar
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Faith Lutheran celebrates mortgage payoff

John Ruck (right), chairman of the Faith Lutheran Church congregation, and Margaret Meinert, director of finance, celebrate their mortgage payments
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Reports shows 'unaffordable' housing market in southern Maine

Rob Edgerley, CEO of Maine Life Real Estate, said southern Maine's housing market had been on a steady incline for the last decade, but a growing
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Robust home sales surge continues in June

The median sold price was $369,900. INTEREST RATES. We are still seeing low interest rates on 30-year mortgages. Referencing Freddie Mac, the
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With open banking on the horizon, the fintech-SME love story is just beginning

Long before the pandemic, the way in which banks were regulated was changing. Initiatives like Open Banking and the Revised Payment Services
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The Department of Labor wants to partner with companies on diversity goals

Yang joined Fortune's CEOI Collaborative discussion this week to explain how the department is working alongside some of the largest corporations
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Mortgage Regulators To Eliminate Controversial Refinancing Fee

Mortgage Regulators To Eliminate Controversial Refinancing Fee

The adverse market refinance fee added a charge of 0.5% of a loan balance to the total refinance … [+] costs. getty. The Federal Housing Finance
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Wall Street Is Paying Bankers More Than Ever to Cloak a Brutal Work Life

“Young bankers who decide they're working too hard — choose another living,” he told Bloomberg TV earlier this month. And bank analysts' grueling
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The Week Ahead: Forecasting the Path of the Industry

The third in the 2021 quarterly “Economic Outlook & Title Insurance” … as President and COO of WFG, Chairman and co-CEO of a software company,
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The Mortgage Lender reveals appointments

The Mortgage Lender has expanded its broker support with the appointment of Rachel Glue as regional underwriter and Alice Baggott as key account
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Facing Erroneous Payments July 2021 | Issue No. 135 – Revlon: It's Worth a Double Take (Part I …

On August 11, 2020, the administrative agent in a loan to Revlon intended to make an interest payment to the lender syndicate and instead mistakenly
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Rock Hill native David Rawlinson II named president and CEO of Fortune 500 firm Qurate

Rawlinson is one of just five Black CEOs among Fortune 500 companies, according to the Executive Leadership Council. The Executive Leadership
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What Is a Home Warranty and What Does It Cover?

Home warranty companies also have coverage limits and exclusions outlined in their contracts. Because of this, some claims might be denied. It is
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Let's close the huge gender gap in federal contracts

Subscribe to Fortune Daily to get essential business stories straight to your inbox each morning. As a woman who owns a small business, I'm proud to
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China Reviewing WHO Plan for Next Step in Virus-Origin Probe

China Reviewing WHO Plan for Next Step in Virus-Origin Probe. Bloomberg News. July 16, 2021, 2:17 AM PDT Updated on July 16, 2021, 6
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This is how to fix Utah's runaway housing costs

Winning offers tend to be higher than the asking price — home sellers are raking in an average of 103.5% of original list price, according to the Utah
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America's Collapsing Meritocracy Is a Recipe for Revolt

… in science or foreign languages, and yet they nevertheless make decisions regarding nuclear weapons, biotechnology, and international trade.
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Fannie, Freddie will end COVID-era fee on mortgage refinancing on August 1

Mortgage giants Fannie Mae (OTCQB:FNMA -0.7%) and Freddie Mac (OTCQB:FMCC -0.8%) are ending a 0.5% fee that the Federal Housing Finance
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Summit County real estate transactions for third week of May 2021

Real estate transactions in Summit County totaled over $70 million across 72 sales that took place from May 15-21. 1179 Maryland Creek Road,
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How Much Is Your House Worth? 4 Ways To Find Out

With a tight housing supply and low mortgage rates, the real estate market has been hot for the past year. Meanwhile, homeowners may be thinking
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eXp and Kind plan mortgage JV by October

The company is not ready to launch, an eXp spokesperson acknowledged, as it tries to license itself in each state. In an email to HousingWire, Stearns
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Yellen, Powell Briefed on Housing in Oversight Council Meeting

The Financial Stability Oversight Council “heard a presentation from Federal Housing Finance Agency staff on recent trends in housing markets,
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Real Estate Shakes Off Covid-19

Single-family homes are flying off the shelves. Commercial real estate is struggling. But whatever you might say about the real estate market, you can
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The Latest in Mortgage News: Mortgage Debt Soars as Credit Card Debt Falls to 6-Year Low

The move follows the company's recent acquisition of Pinch Financial and the expansion of its National Bank of Canada partnership to Ontario.
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New restrictions on Fannie, Freddie refis blamed for tighter mortgage credit

Mortgage lenders tightened underwriting standards in June, undoing much of the easing seen over the last six months as initial fears about the long-term
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US Federal Banking Regulators Release Guidance on Managing Third-Party Risk

The Proposed Guidance reiterates the importance for banks of managing risk associated with third parties throughout the life cycle of that relationship.
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The emergence of GIS in land banking

The emergence of GIS in land banking

Land banking, a new concept in India, refers to aggregating parcels of land to effectively repurpose properties. The use of GIS in the process has
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Reverse mortgages improved, but issues remain says FHA

While the Federal Housing Administration's Home Equity Conversion Mortgage program has seen improved performance, there are still several key
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With mortgage rates falling, weary buyers could be pulled back into housing market

– If you missed out on the ultra-low mortgage rates earlier this year –- you may still have another chance. Rates are falling again and the downward slide
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Banking House Standing Committee – North Carolina General Assembly

Banking. House Standing Committee. Upcoming Meeting: Wed, 7/21/21 at 2:30 PM. Meeting Schedule: Every Tuesday at 2:00 PM in 425 LOB.
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Bank of America might allow limited Bitcoin futures trading, reports say

Subscribe to Fortune Daily to get essential business stories straight to your inbox each morning. Bank of America has reportedly begun allowing some
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No sentence yet in Mohawk's Gelston Castle Estates fraud case

… Safford sentenced on fraud and identity theft charges in connection with a mortgage refinance loan for Gelston Castle Estates near Jordanville.
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Sudan Plans $640 Million Railway Revamp as It Relinks With World

Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter. Sudan is planning a $643 million revamp of its shattered railway network
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OJO Labs expands into Canada's “tight” housing market

The price of the average Canadian home that sold in June was $679,000, a 25% increase from the prior year. As is the case in the U.S., while sale
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Freddie Mac Announces Pricing of $382 Million Multifamily Small Balance Loan Securitization

Freddie Mac Small Balance Loans generally range from $1 million to $7.5 million and are generally backed by properties with five or more units. This is
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Assam budget 2021-22: Relief for micro lenders announced

Assam finance minister Ajanta Neog, while presenting the budget for 2021-22, stated, “Assam Micro Finance Institutions (Regulations of Money Lending)
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Form SC 13D Nyxoah SA Filed by: Cochlear Ltd

Group General Counsel & Company Secretary … Cochlear Limited is a medical device company that is publicly listed in … Title: Company Secretary
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Digital lending platform Blend valued at over $4B in its public debut

In 2020, the San Francisco-based startup significantly expanded its digital consumer lending platform. With that expansion, Blend began offering its
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From a mere token presence, Rolls-Royce's India operations boom in a decade

As international commercial traffic to India grew, so did Rolls-Royce. … Indigo was buying six wide-bodied A-330s, with Rolls-Royce engines, but
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The Mortgage Lender appoints pair to broker support team

Glue most recently worked at Pepper Money as remote underwriting manager and has also worked at The Co-operative Bank as a mortgage adviser
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Retail sales rose in June in latest sign of economic recovery.

Europe's economic outlook has been clouded by the Delta variant. … what can be said online and upend the international business community.
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Fortune and Great Place to Work® Name Invisors One of the 2021 Best Workplaces for Millennials™

ATLANTA, July 16, 2021 /PRNewswire/ — Great Place to Work® and Fortune magazine have honored Invisors, a Workday Services Partner, as one of
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Today In Payments Around The World: Paytm Seeks $2.2B IPO In India; SPACs Set Sights On …

The addition of title insurance and settlement services will allow Blend to automate functions that would have been done manually using pens and paper
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Will Removal of FHFA Adverse Market Refi Fee Lead to Consumer Savings?

Effective Aug. 1, lenders will no longer have to pay Fannie Mae and Freddie Mac a 50-basis point fee for refinance mortgages. FHFA
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It's About to Get Cheaper to Refinance Your Mortgage

That's because the Federal Housing Finance Agency is eliminating its “adverse market fee” — a 0.5% fee charged on all Fannie Mae and Freddie Mac
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With Contractors In High Demand, A Lot of Funding Is Going To Home Services Startups

Enter startups. Against a backdrop of rising property values, an aging housing stock, and labor shortages among home services providers, investors
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The faux-chicken wars intensify: Impossible Foods is debuting nuggets in the fall

The faux-chicken wars intensify: Impossible Foods is debuting nuggets in the fall

Subscribe to Fortune Daily to get essential business stories straight to your inbox each morning. Impossible Foods Inc. plans to debut a plant-based
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Venture capital funding breaks records — and fuels bubble concerns

Subscribe to Fortune Daily to get essential business stories straight to your inbox each morning. The flow of venture capital dollars into startups is
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Cash buyers are scooping up homes like mad

Investors, who often pay in cash, are also wading back into the housing market. U.S. home purchases by investors rose 2.7% year over year in the first
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FCA Drops Review Of Advisers' Suitability In Priority Reset

The review of lenders that benefit from unpaid debt was due to be picked back up in 2021 after a pause during the worst of the pandemic. But the
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SAFE Banking secondary to comprehensive pot reform, Senate Democrats say

But the draft bill could become a setback for the future of the SAFE Banking Act, legislation that provides protections for banks that service the industry,
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9 tips to get the best mortgage rate

PMI monthly premiums range between $30 to $70 for every $100,000 you borrow, according to Freddie Mac. So if you want to buy a $250,000 house,
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$300 billion credit limits: Are you carrying more than your share?

Well, lenders want to lend. They will calculate how much they can lend to you based on how much of your future wealth they can transfer to their
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The largest companies in China still prefer short, English-based .com domains

Fortune publishes the Fortune China 500 list (in Chinese) every year. Recently, I used Baidu and Google to locate the corporate domain of each of the
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Today's Mortgage Rates & Trends – July 16, 2021: Rates inch back down

Today's National Mortgage Rate Averages. The average on 30-year fixed-rate mortgages dropped four basis points Thursday, to 3.04% APY. That's
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Nancy Tallman Joins The Haute Residence Exclusive Real Estate Network

A real estate industry leader, Nancy was president of the Park City Board of REALTORS® and served as dean of the Utah Association of REALTORS'
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Deutsche Bank Goes on Hiring Spree to Court Ultra-Wealthy

Deutsche Bank AG said it hired seven private bankers as it plots an expansion of its business catering to ultra-wealthy clients across Latin America
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FGMC COO on why leaders invest in their greatest asset: their people

HousingWire: As you think about your career, what moments and experiences really prepared you for this current market? Sarah Gonzalez: After 25
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The real estate experts: Featured properties

CINCINNATI (WKRC) – Lohmiller Real Estate is a full service real estate brokerage licensed in Ohio, Kentucky, and Indiana. 5075 N County Road 800
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Bank Stock Roundup: JPM, WFC, BAC, C, TFC & PNC in Focus as Q2 Earnings Start

On the fee income front, major banks' financials got support from the stellar performance of investment banking (“IB”) business and decent mortgage
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Central Texas housing market remains on track for record-setting year

That's the assement of Susan Horton, president of the Austin Board of Realtors — and it's backed up by the board's housing market data for the first six
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NCGTC issues guidelines for Rs 50000-cr scheme for medical infra

There will be no guarantee fee charged from the lending institution by NCGTC for the credit facilities provided under the scheme, it added. Guarantee for
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Feds sue Amazon to force recall of hazardous products

Subscribe to Fortune Daily to get essential business stories straight to your inbox each morning. The U.S. Consumer Product Safety Commission has
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Spencer Savings Bank SLA and Mariner's Bancorp and Mariner's Bank Announce the Signing of a …

It enhances our business banking initiatives and facilitates our expansion into northern and eastern Bergen County. We are excited to welcome
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A Dallas County program providing up to $9000 for rent or mortgage is back. Here's how to apply

… rent, a mortgage or utilities. Applications for aid through the county's Emergency Housing Assistance Program should be completed at this website.
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Weekly Debrief: Couture connections, downtown housing spree and office market rebound with …

BizTimes Media real estate reporter Alex Zank joins associate editor Arthur Thomas to talk about the cover story in the July 19 issue of BizTimes
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Mortgage-Refinance Fee to Be Dropped by Fannie Mae, Freddie Mac

Mortgage-Refinance Fee to Be Dropped by Fannie Mae, Freddie Mac

WASHINGTON—The cost of refinancing government-backed home loans is likely to fall as mortgage giants Fannie Mae and Freddie Mac are set to
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Bifan buzz title 'The Medium' is hot seller for South Korea's Finecut

South Korean sales company Finecut has done a raft of deals on Korea-Thailand shaman horror title The Medium, produced by Na Hong-jin and
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Sydney Airport Top Owner Sees Offer at Pre-Covid Level Unlikely

… offer for Sydney Airport and has been speaking with potential partners, including local pension funds, Bloomberg News reported earlier this month.
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Lument Closes $26 Million Fannie Mae Refinance for Connecticut Multifamily Community

Lument is a Fannie Mae DUS®, Freddie Mac Optigo®, FHA, and USDA lender. In addition, Lument offers a suite of proprietary commercial lending,
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Digital and Branchless: The Big Structural Reform that Indian Banking Needs

According to an analysis of India's top 15 industrial sectors by our largest bank, the State Bank of India, nearly $22.8 billion worth of debt was pared
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Real Estate Confidential: Get them while they last

The anxiety among buyers, sellers and real estate brokers alike a year ago obviously never led to a drop in real estate sales or values and instead, just
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CHL Mortgages joins MAB lender panel

Specialist buy-to-let (BTL) lender CHL Mortgages has expanded its distribution by joining Mortgage Advice Bureau's (MAB) panel. Other members on
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Adverse Market Fee About to be History

… Agency (FHFA) just announced it is eliminating the Adverse Market Refinance Fee that the GSEs Fannie Mae and Freddie Mac have been charging.
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India's new oil minister dials OPEC countries as higher fuel prices pinch

India, the world's third-biggest oil consumer, has conveyed to OPEC … has asked refiners to look at sources outside of the Middle East for buying oil.
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Week Ahead in Banking: July 19, 2021

For Manafort: Rodney Perry of Riley Safer Holmes & Cancila. For the bank: Thomas McGowan of Meltzer, Lippe, Goldstein & Breitstone. 3:00 p.m. – U.S.
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Indices trade flat, close week with 1.4% gains; HCL Tech falls 3%

Foreign institutional investors (FIIs) continue as net sellers in the domestic equity market during the past few days, he added. Elsewhere in Asia, bourses
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The Second Qingdao Multinationals Summit opens

306 overseas companies of the Fortune Global 500 companies and 517 global industry leading companies attended the summit online; Among the
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Human rights groups call to stop Myanmar real estate project on military-owned land

A number of human rights groups have pleaded to Japanese businesses and property developers to terminate a proposed real estate development in
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Canada Housing Starts Fall 1.5% to 286296 in June

By Paul Vieira. OTTAWA–Canadian housing starts edged downward in June, although remained above market expectations, and the level of building
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FREE Webinar: Proven Test Taking Tips for Your Real Estate Appraiser Exam

In Freddie Mac's estimation, still-low rates means 2021 will rival last year's incredible performance of $4 trillion in origination volume. The post Freddie
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Homeowners encouraged to refinance before interest rates rise

Galvin, citing a study by Freddie Mac, also noted in a statement that there was a significant racial disparity among the roughly 20% of borrowers who
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Title: 3 Best Delta-8 THC Flower to buy online in 2021

Organic Hemp Sources: They get their hemp from the large, organic farms of Colorado. Exhale Wellness is the top-rated natural hemp company. They
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Amazon-Backed Rivian to Delay Production on Supply-Chain Woes

Bloomberg News has reported that Rivian is considering conducting an initial public offering this year. In the Friday letter, Scaringe also acknowledged
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Fitch Affirms EDML 2018-2

TRANSACTION SUMMARY. This is a securitisation of prime Dutch mortgage loans originated by Elan Woninghypotheken B.V., with warehouse funding
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Ault Global Holdings Announces Formation of Ault Global Real Estate Equities, Inc. to Invest in …

“I'm pleased to lead the AGREE platform to invest opportunistically and create long-term value in commercial real estate sectors such as hospitality
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