SCROLL NEWS / DISCOVERY
Search headlines
Find the stories shaping the conversation.
Results for " mortgage " 131 found 🔀 AI-powered Shuffle
Jennifer Balkcom looks to continue her growth in public service
Balkcom is a mortgage loan officer and a two-term state representative in the North Carolina House.
High mortgage rates are deepening a ‘K-shaped’ housing market
In today’s housing market, there is a growing divide between the “haves” and the “have-nots.”
Are Bank Lobbies Still Relevant?
Local banking leaders say technology is changing the way customers use their banks — and their lobbies By Deborah Jeanne Post [caption id=attachment_11109 align=alignright width=300] Steve Gorczynski is M&T Bank Central New York regional president.[/caption] When was the last time you entered the lobby of your bank? If it’s been a while, you’re part of a trend of eschewing the lobby in favor of ATMs, drive-thrus, online banking and remote deposit. A 2025 study performed by the American Bankers Association revealed that only 9% of consumers use bank branches as their preferred way to do banking and 76% prefer mobile banking. The trend away from the lobby reflects consumer behavior in other areas of doing business, including online shopping instead of perusing the mall, ordering fast food at a kiosk, not at the counter and selecting curbside pick-up rather than walking into the restaurant. Consumers want convenience and going in the lobby adds another layer to the task. It also places consumers face to face with one or more representatives of the business, something less favorable to people feeling burned out from interpersonal interactions. Nixing or at least minimizing the size of the lobby isn’t necessarily negative for banks. Fewer people passing through their doors reduces overhead for building maintenance, staffing and furnishing. Greater reliance on virtual banking can mean closing brick and mortar locations and hiring fewer staffers to cover roles like teller and lending officer. “Our focus is on meeting customers where they are and giving them flexibility in how they bank,” said Steve Gorczynski, M&T Bank Central New York regional president. “While many everyday transactions can be supported digitally and through ATMs, branches remain important for more complex financial needs, offering face-to-face guidance and a more personal banking experience.” Talking with a commercial lender or working on a home mortgage are two examples where meeting face-to-face is more desirable for many people. They can receive immediate feedback to questions and can possibly reach their goals more quickly. But there’s little need to have a large seating area, long counters and numerous tellers for routine banking that’s quicker to handle virtually. Online banking can also help people on the go more readily complete banking tasks such as depositing checks, transferring funds among accounts and checking balances. [caption id=attachment_11135 align=alignright width=300] Tina M. Stephens is the vice president branch administration for Fulton Savings Bank.[/caption] “The traditional bank lobby is certainly being evaluated by most institutions today, as the typical large, open and cavernous spaces do not necessarily meet the needs of today’s customers,” said Tina M. Stephens, vice president branch administration for Fulton Savings Bank. “Traditional lobbies often bisect traditional teller stations and customer service areas, which adds confusion, especially for the demographic who routinely use online banking and only access the lobby for customer service needs.” Despite the rollback in physical locations across the industry, Fulton Savings Bank began modernizing its six branch offices in Oswego and Onondaga counties about three years ago and have finished four offices so far in Baldwinsville, Fulton, Constantia, and Phoenix. “We made the decision to build a new branch across the street from our current office in Brewerton which will be completed by the end of 2026, and we will begin the retrofit of our Central Square office in early 2027,” Stephens said. “Our efforts specifically address where we think customers will be in the next three to five years and have greater flexibility to make changes out into the future.” The bank may be onto something, as numerous reports state that screen-weary Gen Z young adults crave more in-person interactions than virtual ones. If the pendulum continues to swing in that direction, it’s hard to see all physical bank areas disappear, even if they change somewhat. Fulton Savings Bank has also consolidated its teller and customer service representative areas to larger “universal banker” areas, where the bank representative can address all customer retail needs. A one-stop-shop experience appeals to busy banking customers who want to perform a few different banking tasks in one visit. Stephens also said that Fulton Savings Bank made additional technology and security enhancements and created flex spaces to accommodate bank meetings throughout the two-county branch footprint. At Solvay Bank, Elizabeth Lavier, vice president marketing and communications manager, lauded digital and online services as convenient and flexible for managing finances; however, “technology is not meant to replace what matters most: the relationships behind every account that have always been at the heart of community banking,” she said. “Even in today’s digital-first world, people of all ages still value the opportunity to sit down with a trusted banker for personalized guidance. We understand that some of life’s biggest moments call for more than a screen.” Lavier views digital banking as another way for the organization to serve customers rather than a replacement for branches, tellers and lenders, which tend to serve customers better for transactions like buying a first car, purchasing a home, saving for a child’s education, or planning for retirement. “Those conversations, built on understanding, experience and personal guidance, are what community banking is all about,” Lavier said. “At the end of the day, banking is about more than transactions. It’s about helping our customers achieve their goals and being there for them every step of the way. By combining the convenience of digital banking with the care, commitment, and personal service of a local community bank, Solvay Bank offers customers the best of both worlds.” Are Paper Checks Destined to Disappear? With the ubiquity of debit cards, online payments, virtual checks and peer-to-peer payment platforms like Venmo, Zelle and PayPal, will paper checks become passe? “In my view, paper checks are unlikely to disappear in the near future,” said Tina M. Stephens, vice president branch administration for Fulton Savings Bank. “They continue to serve a practical purpose by providing a clear paper trail and tangible proof of payment.” According to the American Banker, a leading trade publication that covers the banking and financial industry, in 2024, checks accounted for 65% of all payment fraud losses. Paper checks should be phased out, according to the publication. “The phrase, ‘The check’s in the mail’ probably sounds strange to younger people because the era of paper checks is rapidly drawing to a close. Put bluntly, checks are an expensive, insecure legacy that is a drag on the U.S. economy. Rather than wait for them to vanish slowly, the pragmatic choice is to strategically accelerate the transition to paperless payments.”
Trump escalates effort to fire Federal Reserve governor Lisa Cook
A commission that will report to the president will assess the mortgage fraud allegations against her and consider evidence from a hearing next month.
Trump launches new effort to oust Fed Governor Lisa Cook
President Donald Trump is doubling down on efforts to oust Federal Reserve Governor Lisa Cook, forming a “committee of inquiry” centered around alleged false statements she made “in connection with one or more mortgage instruments,” according to a statement released by the White House on Friday.
Trump establishes committee to investigate Federal Reserve's Lisa Cook in latest effort to fire her
President Donald Trump opened another chapter in his effort to fire Federal Reserve Governor Lisa Cook Friday by establishing a “committee of inquiry” to investigate allegations that she made false statements in mortgage applications.
KMOX Business Expert: Adjustable rate mortgages may only give home buyers short-term relief
| 104.1 FM KMOX
Highest Mortgage Rates in 3 Years Chills the Housing Market
The average 30-year fixed-rate mortgage rose to 7.4 percent, putting more pressure on Americans struggling to afford to buy a home.
Newrez, eXp Realty Form Joint Venture To Target Purchase Business
eXp Realty is replacing Kind Lending with Newrez as its mortgage joint venture partner, bringing one of the nation's largest nonbank lenders into its national real estate network in a move that could expand Newrez's reach into purchase lending.
Service 1st marks 100 years in business, extends beyond mortgage lending
- Company traces its roots to 1926 and continues to grow with new products and expansion into more vertical markets -
Patrina Amato | 40 Under 40 2026
Patrina Amato, vice president of Servicing at United Wholesale Mortgage, is a 2026 Crain's Detroit Business 40 Under 40 honoree.
How Americans’ Financial Health Is Faring In The “K-Shaped” Economy
Hey all, Jason here. Money20/20 is still two weeks away, but I’ve already started packing (not procrastinating for once!). My calendar is already filling up with various sessions I want to catch, meetings, and of course happy hours, dinners, and other side events. If you’ll be in Vegas and want to catch up, let me know by replying to this email, and we can try to find a time amidst the chaos of the Venetian. A big if not totally unexpected piece of news dropped on Friday: the Independent Community Bankers of America, a trade group that represents smaller U.S. banks, filed a lawsuit against the OCC and Comptroller Jonathan Gould, arguing that the regulator’s move to grant trust bank charters to firms seeking to use them to conduct substantial non-fiduciary activities exceeds the authorities granted to the OCC by Congress. I haven’t had time to fully digest the legal filing or speak to folks in my network about it, but you can expect to see coverage and analysis on it in next week’s newsletter. Subscribe or Support by Upgrading The NerdCon agenda just dropped. It’s stacked. Partner content: Nubank built an AI-first bank. Chime built its own banking core. Figure and Valon are rebuilding the mortgage stack. At NerdCon, you’ll hear from the people behind those bets: what they chose, what they learned, and what they’re still figuring out. The agenda is live, with leaders from Nubank, Chime, OpenAI, Remitly, Mercury, Figure, Valon and more. Follow the mainstage conversations, bring the problem your team is wrestling with to a hands-on workshop, or pull up a chair at a roundtable. Pick your quests. Meet us in San Diego, November 18–20. Fintech Business Weekly readers save 20% with code FBW20. Explore the Agenda Things To Know & Other Good Reads Federal Reserve Board finalizes changes to enhance the transparency and public accountability of its stress test and reduce volatility in its stress test-related capital requirements (Federal Reserve Board of Governors) FDIC Announces Conclusion of Independent Monitorship (FDIC) Modernizing Financial Regulation: Initial Observations from eSLR (Fed Vice Chair for Supervision Michelle Bowman) The Data Version of Godzilla versus Kong: FRED Takes on AI (Fed Governor Christopher Waller) Financing the AI buildout (Brookings) Q3’26: Rules for Banks but Not for Crypto (Fintech Takes Banking) The Inevitability of Local Stablecoins (Lombard Notes) Delusions of AI Governance: The Human-in-the-Loop Comfort Blanket (Fintech Snark Tank) Stripe agrees to acquire Parafin to expand revenue opportunities for platforms and help small businesses grow (Stripe) Listen: Fighting Fraud in the Age of AI, with SEON’s Tamas Kadar (Fintech Business Weekly) How Americans’ Financial Health Is Faring In The “K-Shaped” Economy If there is one overarching theme across the economy and politics in the U.S. at the moment, it’s “affordability.” The term is vague enough to encompass a panoply of factors shaping Americans’ day-to-day lives: rising costs for the hallmarks of being “middle class,” including healthcare, housing, childcare, and education, inflation and rising interest rates, and a job market with the specter of AI hovering over it. At the same time, policy shifts under the Trump administration have resulted in reduced subsidies to those who get health insurance under the Affordable Care Act and new restrictions on qualifying for Medicaid and SNAP, the impacts of which have yet to be fully felt. These factors are contributing to declining consumer confidence and general dissatisfaction with the economy, despite continuing GDP growth and stock market records. This divergence is encapsulated in the idea of the “K-shaped” economy, in which a small proportion of Americans have seen their wealth balloon, while the majority of American households struggle to preserve the lifestyle they have. Perhaps the greatest determinant of which branch of the “K” a household is on is whether their wealth and income are primarily derived from employment vs. from assets. Nearly two decades of low interest rates and, more recently, elevated rates of inflation have benefited asset owners, while those whose income is primarily or solely derived from labor have largely seen real purchasing power stagnate or decline. This is reflected in recent Bureau of Labor Statistics data showing that labor share of U.S. GDP — the fraction of economic output that accrues to workers as compensation in exchange for their labor — dropped to just 52.8% in Q2 2026, the lowest since the BLS began keeping records. In 1947, approximately 2/3rds of economic output accrued to workers; even as recently as 2001, labor’s share of GDP was 64.1%. Against this backdrop, we’ve seen the rise of more credit and credit-like products: cash advance apps, “no-fee” overdraft, earned wage access, and buy now pay later, which are often used as small-dollar short-term borrowing mechanisms to meet immediate consumption needs or pay other bills (eg utilities, cell phone, other debt payments). With the markers of a middle class existence and, increasingly, basic financial stability seemingly out of reach for many, it should be no surprise there’s been an increase in “financial nihilism,” something industry peers like Alex Johnson and Frank Rotman have discussed and analyzed the roots of. The explosion of gambling and gambling-adjacent products and services — often marketed under the guise of being an “investment” — is inextricably intertwined with the rise of financial nihilism. Crypto, sports betting, and, more recently, prediction markets offer an escape or even hope of sorts, like a contemporary, digital version of a scratch-off lottery ticket, while leaving the overwhelming number of people who use such products worse off. Share of Households That Are Financially “Vulnerable” Ticks Up The Financial Health Network’s 2026 Financial Health Pulse® report adds context on how American households are faring. (I linked to this report in last week’s newsletter, but wanted to take time to further unpack the data in the report this week.) The Financial Health Network publishes the report annually, providing insight into how Americans’ financial circumstances are changing over time. The 2026 report is derived from a survey fielded in April and May 2026. The report leverages survey responses to assess indicators of financial health across spending, saving, borrowing, and planning/protecting and to determine a zero to 100 “FinHealth” score. Those with scores between 0 and 39 are considered “Financially Vulnerable,” consumers with scores ranging between 40 and 79 are defined as “Financially Coping,” and those with scores of 80 to 100 are “Financially Healthy.” The report found that moderate improvements in 2025 were reversed, with the share of respondents considered financially “vulnerable” rebounding to 17%. The longitudinal data reflect the impact of pandemic-era programs, like expanded unemployment, cash stimulus payments, and pauses of federal student loan payments. The positive impacts of those programs, as reflected in the Financial Health Pulse reports, had largely disappeared by 2023. While pandemic-era inflation — to be fair, in part caused by the various support and stimulus measures — had come down from as high as 9% in 2022, it has rebounded since the start of Trump’s second term, with tariffs and energy market disruptions owing to the war in Iran pushing prices back up. Specific indicators in the survey that deteriorated from 2025 to 2026 include the share of respondents spending less than their income over the past 12 months, the share paying all bills on time over the past 12 months, the share that have a manageable amount or no debt, the share that are “moderately” or “very” confident their insurance is adequate to cover them in an emergency, and the share that “somewhat” or “strongly” agree that their household plans ahead financially. Unsurprisingly, lower- and moderate-income households are more likely to struggle to pay their bills on time and have any funds leftover to save. The share of low-income households whose income exceeded their spending dropped from 35% in 2025 to 31% in 2026, while the share of upper-income households whose income exceeded expenses remained unchanged at 63%. Households with student loans or revolving credit card debt reported having “a bit more” or “far more” debt than was manageable at rates far higher than those not carrying these types of debts. The share of those with student loan debt indicating their debt load was too high to manage increased from 50% in 2025 to 55% in 2026, while the share of those with revolving credit card debt saying the same ticked up from 51% in 2025 to 54% in 2026. Households that had student loans were markedly more likely to be financially “coping” or “vulnerable” vs. those without student loans. In 2026, 27% of households with student loans were considered financially vulnerable, a jump of 6% points vs. 2025. Households without student loans saw just a 1% point increase (not statistically significant) in those considered financially vulnerable. Households’ perception of the affordability of categories of goods and services paints a stark picture, with less than one-fourth considering higher education affordable, about a third deeming childcare affordable, and less than half viewing healthcare as affordable. Fintech Business Weekly is made possible by the generous support of paying subscribers — bringing you independent analysis of banking, fintech, and crypto without fear or favor. You can support my work by becoming a paying subscriber if you aren’t already. Paying subscribers enjoy: access to the entire archive of nearly six years of newsletters extended versions of the weekly newsletter, with additional content and analysis and (for founding member tier) quarterly personal 1:1 fintech Q&A / strategy calls with me, tapping into my unparalleled knowledge of the intersection of banking and fintech and experience working in the sector, including helping to launch Goldman Sachs’ retail bank Marcus Support Fintech Business Weekly You can also support Fintech Business Weekly by sponsoring a newsletter or podcast, putting you in front of 93,000+ of the most influential decision makers in banking, fintech, and crypto. Learn more about sponsor opportunities or request a media kit by dropping me an email. Democratic Senate Report Highlights How Iran Uses Tether to Evade U.S. Sanctions Iran uses stablecoins, specifically Tether, to evade sanctions, fund regional proxies, and to purchase military drones, a report released last week by the Senate Permanent Subcommittee on Investigations says. The report was authored by committee ranking member Senator Richard Blumenthal (D-CT) and the minority staff. Crypto and stablecoin proponents will often push back on criticism that criminals make use of these assets by arguing that, on an absolute dollar basis, far more illicit funds flow through traditional banking systems and payment rails than via crypto and stablecoins. And while that is likely true, it elides the reality presented in news story after news story: whether state actors — Russia, Iran, North Korea — or criminal groups, those looking to engage in illicit transactions increasingly favor stablecoins and, specifically, Tether (USDT). The report from the Senate Permanent Subcommittee on Investigations released last week adds context to how Iran uses Tether has a lynchpin in its shadow banking system. The report analyzed 846 wallets that have been sanctioned or targeted for seizure, finding that 84% of them transacted exclusively or primarily in Tether. The ability to create near limitless, anonymous wallets and to move funds effectively instantaneously and irreversibly have made crypto a favored financial mechanism for bad actors. Stablecoins solved key drawbacks of bitcoin, namely, the original cryptocurrency’s highly volatile value in dollars. And while Tether (the company) has the technical ability to “freeze” or destroy funds, the company is often limited and reactive in its approach to doing so, the Senate report argues. Tether, which is nominally based in crypto-friendly El Salvador, “has stated that its compliance with OFAC sanctions is ‘voluntary’ and that it follows ‘OFAC guidelines,’” the Senate report says. Owing to these favorable attributes, Tether “became a primary cryptocurrency for Iran, Hamas, Hizballah, and the Houthis beginning in 2023 and has expanded in scale since,” according to the report. Tether’s role in Iran’s shadow banking system, the report says, is enhanced by crypto exchanges like Bybit, Kyrrex, OKX, Gate, and Binance, and through “over the counter” exchanges and hawala networks. The consequences of these financial flows aren’t hypothetical. The Senate report links Tether as a funds transfer mechanism to Iranian proxies in the region, including Hizballah, the Houthis, and Hamas. Tether has also been used to make payments to secure components necessary to manufacture drones, the report says. The report concludes by arguing that “[s]tablecoin issuers with a significant nexus to the United States, particularly those that offer dollar-denominated stablecoins, should be subject to American sanctions law rather than being allowed to hide behind foreign jurisdictions.” Stablecoin issuers like Tether must be held accountable for repeated failures to prevent illicit finance and sanctions violations by law enforcement, the Department of Justice, the Securities and Exchange Commission, and OFAC, the report argues. [Paying Subscriber Exclusive] OUSD Goes Live, Make Your Own Neobank, U.S. Sanctions Russia’s A7 Network As “Transnational Criminal Organization” OpenUSD, the stablecoin issued by the Open Standard consortium that includes Stripe, Visa, Mastercard, core providers, crypto firms, and numerous banks, went live last week. Social commerce platform Whop raised eyebrows in fintech by offering creators on its platform the ability to launch their own neobanks, which the company describes as “great businesses that are easy to run,” in just 15 minutes. And OFAC and FinCEN target Russia’s “shadow banking” A7 Network — more on these stories after the paywall.
How are higher interest rates and rising prices affecting you?
Last month, the Federal Reserve raised interest rates for the first time in more than three years, as it tries to bring inflation under control. But higher rates make borrowing more expensive for consumers and businesses — one reason mortgage rates have climbed to a three-year high in recent weeks.
Annual UK house price growth halves as mortgage rates rise
Rolling coverage of the latest economic and financial news, as Nationwide reports house prices fell in September
Newrez Turns Servicing Data Into Repeat Business For Brokers
Newrez is extending its homeowner-engagement platform to wholesale borrowers, giving brokers a potential path back to clients when another mortgage opportunity emerges.HomeHub is now available to protected wholesale borrowers, allowing homeowners to monitor estimated home values and equity, explore refinance and home equity opportunities, and search local listings.
BioMed to Land $915M for Life Science Asset
BioMed will soon secure a $915 million mortgage loan for 585 Kendall, a life science property in Cambridge, Mass.
Debt service and the Pentagon. Private equity and the politics of the US housing market. The return of black lung disease & the Franco-Prussian War in color.
Thank you for opening your Chartbook email. RALPH BALSON. 1890—1964. Oil and enamel, signed. Source: Gavekal This going to hurt - the two 7s in the US: diesel and mortgage rates Source: Gavekal In the US housing market, costs are soaring and the role of corporate, private equity-backed buyers is high on the mid-term election agenda. HEY READERS, THANK YOU for opening the Chartbook email. I hope it brightens your day. I enjoy putting out the newsletter, but tbh, what keeps this flow going is the generosity of those readers who clicked the subscription button. If you are persuaded to click, please consider the annual subscription of $60. It is both better value for you and a much better deal for me, as it involves only one credit card charge. Why feed the payments companies if we don’t have to. Subscribe It is striking how, since 2020, big banks have dropped out of the political spotlight in the US. For contributing subscribers only. Subscribe Rates of the lung disease pneumoconiosis among working US coal miners have risen to levels not seen in nearly 40 years Source: Bloomberg Chinese Clean Technology Exports For contributing subscribers only. Subscribe Ralph Balson (1939) Portrait of Grace Crowley Cole, G. O. & Haseman, S. M., (2023) “‘The Substance of Paint’: Class and Materiality in the Work of Ralph Balson”, Open Library of Humanities 9(2). Ralph Balson (1890–1964) was an English plumber and house painter who emigrated to Australia in 1913 and subsequently became a key member of Sydney’s artistic avant-garde. He is credited with having the first solo exhibition of purely abstract painting in Australia in 1941. Despite his role in developing Australian non-objective painting, Balson remained principally a house painter, working on his art practice at weekends. In 1955 he retired on a state pension and became a full-time artist. Balson’s artistic education and methods were critically shaped by his working-class background. He did not travel abroad until 1960 and was an avid auto-didact. His materials, palette, techniques and compositional strategies were likewise informed by his trade. Balson’s profession as a painter-decorator made him conspicuous within the predominantly middle-class Sydney art scene, though his painting partner Grace Crowley considered it an advantage in their pursuit of constructive painting. This paper explores the impact of Balson’s trade on his trajectory towards pure abstraction. While his art was at odds with the predominantly figurative mode of class-conscious art in Australian Modernism, we argue that it is embedded in the experience of class through its creative adaptation of labour into aesthetics. Source: OLH Svetlana Alexievich, The Art of Oral History No. 1 Paris Review Issue 257, Fall 2026 Interviewed by Elena Kostyuchenko INTERVIEWER How were you able to go to Chernobyl? Did you need special papers? ALEXIEVICH It was a time of chaos. They let me right into the zone. … More than anything, there was confusion. Adamovich [Ales Adamovich, the Soviet Belarusian writer], I remember, persuaded Gorbachev to send in the scientists, who showed up without even bringing their shaving kits. They were told that there had been an explosion at a nuclear power plant, but for some reason they thought that they’d be there for only a day or two. The first time I went was several months later, and people kept telling me about things they didn’t understand—how the fishermen couldn’t find worms, because they’d burrowed deep into the earth, how the milk wouldn’t curdle at the cheese factories. The honeybees wouldn’t come out of their hives. The evacuations started, I think, in the first month. The old women hid, they wouldn’t leave. I mentioned radiation to one of them and she said, “I’ve seen that radiation, all right! It’s yellow with green in it. I saw puddles of it in my garden, and I told the other women, and we ran and looked, and she had it in her garden, and the other one, too!” God, it was wild, the way the mind made sense of it. There was a story going around about Gorbachev telling the scientists to show him the radiation. “We can’t, it’s invisible.” “But I want to see it!” I also ran into the soldiers who’d been flown in on helicopters from Afghanistan. I asked them, “What are you doing here with your machine guns?” They said, “We’re collecting the radiation, that’s what.” So you had some of them running around with their guns, others out in the village washing off firewood or burying soil in the soil. These were the kinds of things that exploded our worldview. They made you realize that culture was just a chest filled with old manuscripts. There were no books in there that could help me. Our philosophers turned out to be useless when faced with the unprecedented. Derrida, Baudrillard—philosophy fell silent. What was happening? How would we live with it? That’s when I decided it simply needed to be witnessed. Which is what I did. INTERVIEWER I wanted to ask about how you talk to people. … ALEXIEVICH Yes, we sit and we talk—about what interests me and about life in general. About love, about everything in the world. That way, what comes out is three-dimensional. If you cut straight to the part you need, which is what journalists do, it won’t be interesting, and it won’t be the truth, either. Not the whole truth. INTERVIEWER Do people always open up when you ask questions, or can questions get in the way? ALEXIEVICH You have to ask questions, of course. Your job is to scour away the banality and return people to their true selves, to make them face what they rarely tap into. With every new person, you have to find a new way to do it. When you ask an interesting question or you share what happened to you, you help people really think about what they’re saying and not just repeat whatever they’ve picked up from the newspaper. But not everybody is capable of it, not everyone wants to put themselves through that. Either the chemistry starts to kick in or it doesn’t. A person might be wonderful, but you can tell that the conversation just isn’t going to happen. You can try to push it, but it will be a product of your own intellect, rather than of that mysterious connection. Life doesn’t come from the mind. Some people I can call two years after our last conversation, and they’ll say, “Oh, Svetochka! I think of you all the time,” and we’ll start talking again. With others, that won’t happen. That doesn’t mean they’re not extraordinary people, just that you can’t connect with them. They might have some insight, but you don’t have the right antenna to pick up their signal. Source: The Paris Review Colorized Franco-Prussian war … the ruins of Strasbourg with a French photographer and his mobile dark room. Ralph Balson (1961) Matter Painting If you’ve scrolled this far, you know you want to click: Subscribe
Eastview Mall owner, town of Victor accused of attempting to avoid debts
Mortgage lenders U.S. Bank and Wells Fargo have filed for foreclosure.
The Beclowning of Scott Bessent
One iron law of current politics is that nobody who associates themselves with Donald Trump emerges with a shred of credibility. For some, that’s not a big loss — it’s not as if anyone respected Pete Hegseth even before he decided that the key to military success in an age of drones and AI was more testosterone. For others, however, the costs are real. I’m old enough to remember when Marco Rubio was widely considered a reasonable, thoughtful politician. Right now, however, my candidate for the biggest loser is Scott Bessent, the Secretary of the Treasury. Bessent started out with significant reputation to lose: When Trump selected him, this was the headline in the Financial Times: Jason Furman, Barack Obama’s chief economist, described him as a “credible Treasury secretary who has a real understanding of the global economy”. But Bessent has now transformed himself into the Baghdad Bob of bonds. Three weeks ago, after intervening (for reasons that remain somewhat unclear) to support the Japanese yen, Bessent boasted about his ability to move markets and dared investors to bet against his, declaring “I am the house now.” He then tried to push long-term interest rates down, buying 30-year U.S. Treasuries in a move some have compared to paying down part of your mortgage by running up your credit card balance. Here’s how that’s going so far: To get some perspective on how high interest rates have gone, here’s a longer-term perspective: We haven’t seen interest rates this high since the fading days of the dotcom bubble. Why are interest rates hitting new records? The backdrop, as I argued in last Sunday’s primer, is the huge AI-driven investment boom; more on that next week. But the immediate cause of the latest interest rate spike was Trump’s rejection of an Iranian proposal to end the war. This rejection sent crude oil prices, which for a while had fallen considerably, shooting back up: It’s notable, by the way, that oil prices remain high even though a significant amount of oil is now being shuttled through the Strait of Hormuz by night, on smaller vessels. That’s an interesting story, which has a lot to do with the fact that oil from the Hormuz shuttle runs must be transferred to larger vessels before being shipped to markets in Europe and Asia; around 15 percent of the world’s large crude carriers are now parked off the coast of Oman, waiting to be tanked up. This is creating a shipping crunch: But that’s a topic for another day. For now, the point is that with oil still high and refined products, especially diesel, still close to record levels, inflation will remain elevated. And this in turn means that the Federal Reserve will keep short-term interest rates high, an expectation that is feeding into longer-term rates. Hence Bessent’s bond-market humiliation. The truth is that Bessent might not have been able to get interest rates down even in the best of circumstances. But he certainly won’t get anywhere as long as Trump keeps believing that he can somehow convert his Iran debacle into a triumphant victory. And Trump will keep believing that as long as he is surrounded by sycophants who tell him what he wants to hear. Sycophants like, for example, Scott Bessent, who is predicting the imminent collapse of the Iranian economy, possibly within two weeks. Bessent is right to say that the embargo on Iranian oil exports is placing the country under great economic strain. But his implicit prediction that this will quickly produce a deal that Trump can call victory looks no more plausible than his boasts about the bond market. The big question now is, why would anyone with a reputation to lose work for Donald Trump? As the beclowning of Bessent shows, joining the Trump team won’t just damage your reputation; it will utterly destroy it.
MORNING BUSINESS REPORT: Mortgage rates soar, rising vacation costs, McDonald's vs GLP-1 users
Mortgage rates rise again, families navigate high vacation costs, and McDonald's looks to attract GLP-1 users. Here's the Morning Business Report for Sept. 25.
Benchmark mortgage rate tops 7 percent
Welcome to The Hill’s Business & Economy newsletter{beacon} Business & Economy Business & Economy The Big Story Benchmark mortgage rate tops 7 percent The benchma…
Iowa Bankers Mortgage Corp. announces leadership transition
Robert Hartwig, president of Iowa Bankers Mortgage Corp. since 2023, plans on retiring in 2027, the group announced. Nathan Smithey, currently the group’s senior vice president of loan production, will succeed Hartwig. Hartwig began working at Iowa Bankers Association in 1997. (Iowa Bankers Mortgage Corp. is an affiliate of Iowa Bankers Association.) Hartwig held roles…
Housing market shifts in buyers' favor as more sellers offer concessions
More sellers are offering concessions and cutting prices to entice buyers who have been sidelined by high mortgage rates and record-high prices.
Cadillac Optiq review: it claims caddy's pricing sweet spot
I drove the Cadillac Optiq for a week. It's great at luxury theater at a price that won't quite match your mortgage.
PENN Entertainment, Inspired, Lovesac, Rush Street Interactive, and Marriott Vacations Stocks Trade Down, What You Need To Know
A number of stocks fell in the afternoon session after rising Treasury yields and higher interest rates intensified worries over household finances and discretionary consumption, creating headwind conditions for consumer-facing companies. According to Reuters, as borrowing costs on mortgages, auto loans, and credit cards climb, household budgets are increasingly squeezed, encouraging consumers to prioritize saving and basic necessities over non-essential purchases. In addition, recent economic d
6 ways to manage your healthcare costs
Unlike a mortgage or utility bill, healthcare costs can vary widely each month. These strategies can help you understand your coverage and better prepare costs.
Why we bought our first home with a 100% mortgage
The share of UK mortgages with smaller deposits is the highest it's been since 2008. The BBC spoke to borrowers about how they manage the risks.
Homebuilder sentiment drops to lowest level since 2022
Rising mortgage rates, worker shortages and higher materials costs weaken hopes for the nation’s stagnant housing market.
Guaranteed Rate Affinity Hires Josh Rakiey To Grow New England Business
Guaranteed Rate Affinity has hired Josh Rakiey as vice president of mortgage lending, adding an experienced originator to expand its business across New England.Rakiey will serve homebuyers, develop relationships with real estate agents, and work to grow his team and regional presence, the company announced Thursday.
Noon Business Lunch 9/14/26: Mortgage rates, car ownership cost, John Deere AI chatbot, National Community Investment Fund
Segment 1: Ilyce Glink, owner of Think Glink Media, and publisher of Love, Money + Real Estate on Substack, joins John to talk about why mortgage rates are jumping, the ongoing econo…
Inflation Complicates Trump’s Midterms Pitch to Voters
Gas prices are high, mortgage rates are climbing and inflation remains well above target, complicating the president’s midterm appeal.
Business calendar
FIRESIDE AT STADIUM: On Thursday, OWN Indiana is hosting a fireside at Ruoff Mortgage Stadium with Matt Truty, co-founder of BT Pro Solutions and board president of Fort Wayne Tech.
Why Treasury Yields Near 5 Percent Are Keeping Your Mortgage (and Business Loan) Expensive
Everyone watches the Fed for lower interest rates. But Treasury yields can matter just as much.
Property Play: How the CEO of mortgage tech firm Blend revived his business after disaster
CNBC's Diana Olick sits down with Nima Ghamsari, who launched his mortgage technology business Blend in the wake of the great financial crisis.
NYC grocer says Mamdani grocery plan threatens mortgage, kids’ tuition: ‘It could take us out of business’
Josefina Aguirre, a first-generation American whose family has run its NYC grocery store for nearly 30 years, says Mamdani’s city-run stores could threaten her livelihood and ultimately force her family out of business.
Mortgage rates jump to highest level in over a year
The average rate on a 30-year fixed mortgage rose this week to 6.71%, according to the latest Freddie Mac data released Thursday. That is up from last week's reading of 6.66%.
UK mortgage rates set to rise as bond sell-off drives up borrowing costs
Rolling coverage of the latet economic and financial news
A Mortgage Servicer Sent a Letter About an Address Change. Was It Deed Theft?
A letter arrived in the mail from PNC Bank about an address change on a mortgage account. Was a deed theft scheme in process?
Historic redlining continues limiting healthy food access, study finds
Bad housing, high crime and poor schools are more important than transportation or income when it comes to accessing healthy food in neighborhoods historically subjected to "redlining" - the now-illegal practice once used to refuse loans, insurance or mortgages to people in certain neighborhoods that were disproportionately inhabited by racial and ethnicity minorities.
Mortgage rates fall for second consecutive week
The average rate on a 30-year fixed mortgage fell this week to 6.65%, according to the latest Freddie Mac data released Thursday. That is down from last week's reading of 6.67%.
Treasury's surprise bond-market move could hit your wallet. Here's how.
Surging Treasury yields can ripple through mortgage rates, stocks, corporate borrowing, and the broader US economy.
Trump backs Republican challenger to oust Letitia James amid ongoing mortgage fraud feud
President Donald Trump endorsed Saritha Komatireddy to challenge Letitia James, calling the New York attorney general the "WORST" in the country.
Consumer Debt Data Shows ‘Overall’ Health Amid Persisting Divides
Homeowners with low fixed-rate mortgages lead a resilient picture of the economy. But many consumers are frustrated with declining real wages and other loans.
CBA Profit Tops Estimates as Home and Business Lending Grows
Commonwealth Bank of Australia’s full-year profit topped estimates as lending grew in its key businesses of mortgages and loans to companies.
US existing home sales post second straight monthly decline in July
U.S. existing home sales fell for a second straight month in July, and a rebound is likely to be limited by higher mortgage rates and tight supply.
Trump administration proceeds with efforts to fire Federal Reserve governor Lisa Cook
The Trump administration is moving ahead with its efforts to fire Federal Reserve governor Lisa Cook, two months after the Supreme Court allowed her to retain her job while she fights the president’s effort to terminate her over mortgage fraud allegations that she has denied.
Trump considering renewing push to fire Lisa Cook from Federal Reserve Board
President Donald Trump is signaling that he may move forward with his attempt to fire Federal Reserve Board Governor Lisa Cook over mortgage fraud allegations.
America In Focus: US economy expands at sluggish pace, mortgage rate hit the highest level in a year
The U.S. economy expanded at a sluggish 1.5% pace from April through June as rising imports weighed on growth.
Tesla weighs sale of China business to pave way for potential SpaceX merger, WSJ reports
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Mortgage rates rise to one-year high
The average rate on a 30-year fixed mortgage rose this week to 6.66%, according to the latest Freddie Mac data released Thursday. That is up from last week's reading of 6.58%.
Mortgage rates climb to highest level in a year
Five months into the war in Iran, rising oil prices and stubborn inflation are driving mortgage rates to the highest level in a year.
Milliman Acquires Blue Water MSR Valuation, Hedging Business
Milliman has acquired Blue Water’s mortgage servicing rights valuation and hedging services from Apex Analytics Corp., extending a wave of mortgage industry investment beyond servicing portfolios themselves to the technology and expertise used to manage their value.The transaction adds Blue Water’s MSR hedging platform, customer base, trading professionals, and quantitative analytics team to Milliman’s mortgage solutions practice. Financial terms were not disclosed.
eBay Sports Card Sales Cross $1 Billion in a First Half for the First Time: Inside the $1.36 Billion H1 2026 Numbers
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
AI is changing mortgage lending. Business intelligence is making it possible.
ICE's Chris McEntee discusses how AI is changing mortgage business intelligence, why data governance matters and how lenders can build AI-ready operations.
Mercury’s momentum continues to grow after blowout win over Storm
PHOENIX — If there was any indication the Phoenix Mercury are turning their season around, Thursday’s win was it. Mercury associate head coach Kristi Toliver laughs with an official during a game against the Storm at the Mortgage Matchup Center in Phoenix, on July 2, 2026.
UK cost of living squeeze eases after record fall in diesel prices, and drop in mortgage rates
Rolling coverage of the latest economic and financial news
Meta to sell excess AI computing capacity via cloud business, Bloomberg News reports
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Microsoft to cut under 2.5% of workforce in latest layoffs, Business Insider reports
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
MISMO Updates Business Glossary To Support AI, eMortgages
MISMO has released an updated version of its Business Glossary, expanding standardized definitions across key areas of mortgage lending as the industry continue
Business Restructuring Review Vol. 25 No. 3 May-June 2026
In This Issue Texas Bankruptcy Court Adopts Barnet Rule Requiring Foreign Debtor to Have U.S. Assets to Be Eligible for Chapter 15 Relief In In re Siu-Fung Ceramics Holdings Limited, No. 24-33299, 2026 WL 382424 (Bankr. S.D. Tex. Feb. 10, 2026), the court denied petitions for chapter 15 recognition of Hong Kong bankruptcy and liquidation proceedings commenced on behalf of an individual debtor and a group of companies that he owned or controlled. According to the court: (i) the corporate debtors' Hong Kong liquidation proceeding was not eligible for chapter 15 recognition because the attorney retainer upon which such relief was based was not funded until nine months after the chapter 15 petition date; and (ii) the individual debtor's Hong Kong bankruptcy case could not be recognized because the debtor's "center of main interests" on the chapter 15 petition date was not in Hong Kong, and he did not even maintain an "establishment" there. [read more …] Southern District of Texas Clarifies Post-Purdue Course for Consensual Third-Party Releases and Gatekeeping Provisions In In re Container Store Group, Inc., 676 B.R. 356 (S.D. Tex. 2026), appeal filed, No. 26-20166 (5th Cir. Apr. 14, 2026), cross appeal filed, No. 26-20166 (5th Cir. Apr. 24, 2026), the U.S. District Court for the Southern District of Texas addressed consensual third-party releases and gatekeeping provisions in the aftermath of the U.S. Supreme Court's ruling in Harrington v. Purdue Pharma L.P., 603 U.S. 204 (2024). Consistent with existing Fifth Circuit precedent, the court confirmed that, in appropriate circumstances, consent for third-party releases may be obtained through a creditor's failure to opt out of granting that consent. But, the court ruled, consent through an opt-out mechanism essentially can never be inferred for creditor classes that stand to receive no recovery under a chapter 11 plan and that are deemed to reject the plan by operation of applicable bankruptcy law. Instead, those classes must affirmatively opt in to any release. The court also narrowed and remanded the bankruptcy court's acceptance of a broad gatekeeping provision, ruling that such provisions must correspond to the restrictions established by Fifth Circuit precedent. [read more …] Delaware Bankruptcy Court: Initial Transferee Need Not Be Defendant in Fraudulent Transfer Avoidance and Recovery Litigation The Bankruptcy Code gives a bankruptcy trustee the power to avoid asset transfers that are either made with the intent to defraud creditors or that are "constructively" fraudulent because an insolvent debtor did not receive adequate value in exchange. The Bankruptcy Code also permits recovery of an avoided transfer from not only the initial recipient, but also from subsequent transferees. Courts disagree over whether a transfer must actually be avoided before the trustee can seek recovery from a subsequent transferee and whether the initial transferee must also be a defendant in the recovery litigation against a subsequent transferee. The U.S. Bankruptcy Court for the District of Delaware weighed in on this debate in Phillips v. SS Associates LLC (In re ONH AFC CS Investors, LLC), No. 23-10931 (CTG), 2026 WL 312892 (Bankr. D. Del. Feb. 4, 2026). The court adopted the majority view, ruling that the initial transferee need not be a defendant in avoidance and recovery litigation against a subsequent transferee, but that the trustee must establish the elements necessary to avoid the initial transfer as part of the recovery litigation. [read more …] New York Bankruptcy Court Weighs In on Adequate Assurance of Future Performance under Assigned Leases and Chapter 11 Plan Exculpation Provisions In order to assume and assign an executory contract or unexpired lease, a bankruptcy trustee must cure most defaults under the agreement and provide "adequate assurance" of the assignee's future performance. However, the Bankruptcy Code provides no guidance as to the meaning of "adequate assurance" other than with respect to shopping center leases. In In re Broadway Realty I Co. LLC, No. 25-11050, 2026 WL 147505 (Bankr. S.D.N.Y. Jan. 19, 2026), the U.S. Bankruptcy Court for the Southern District of New York examined this issue in connection with a proposed assignment of thousands of residential leases as part of a free-and-clear sale of debtors' properties. The court held that "adequate assurance" does not mean a guarantee of the assignee's future performance, but merely demonstration that the assignee has the ability to satisfy the underlying obligations. The bankruptcy court also ruled that an exculpation provision in the debtors' chapter 11 plan exonerating non-estate fiduciaries from liability for actions taken in connection with the chapter 11 case was unobjectionable, provided it was limited in scope to postpetition conduct and actions taken in connection with implementation of the plan after its effective date. [read more …] Newsworthy Corinne Ball (New York) (Hall of Fame), Bruce Bennett (Los Angeles), Carl E. Black (Cleveland), Jeffrey B. Ellman (Atlanta), Brad B. Erens (Chicago), Gregory M. Gordon (Dallas), Heather Lennox (Cleveland/New York), Joshua M. Mester (Los Angeles), and Kevyn D. Orr (Washington) were included in the 2026 edition of Lawdragon 500 Leading Bankruptcy and Restructuring Lawyers. The Daily Business Review selected Isel M. Perez (Miami) as an "On the Rise" winner for the Florida Legal Awards. The Florida Legal Awards annually recognize those who have made significant contributions to the legal industry in Florida. Dan T. Moss (Washington/New York) was inducted as a Fellow in the 37th Class of the American College of Bankruptcy at its Annual Meeting in March 2026 in San Antonio, Texas. Christine Borries (Munich) was ranked in the practice area Restructuring/Insolvency in the 2026 edition of Chambers Germany. The 2027 edition of The Best Lawyers in Singapore™ recognized Sushma Jobanputra (Singapore) in the practice area Insolvency & Reorganization. The restructuring transaction involving Eissmann Automotive North America, Inc. received the "2025 Turnaround of the Year (Large Company)" at the Turnaround Management Association (Detroit) Annual Awards Reception. T. Daniel Reynolds (Cleveland) and Nick Buchta (Cleveland) represented subsidiaries of Eissmann Group Automotive in connection with the parent company's German insolvency proceedings. Roger Dobson (Sydney) is among 40 Jones Day lawyers recognized by The Best Lawyers in Australia 2027 for his contributions in Banking and Finance Law; Distressed Investing & Debt Trading; Insolvency and Reorganization Law; Litigation. An article written by Corinne Ball (New York) titled "Ard Finance—A Global Enterprise Combining an LME With a Foreign Insolvency Proceeding and Chapter 15" was published in the April 21, 2026, edition of the New York Law Journal. An article written by Alex Sapp (New York) titled "Recent Developments in Section 510—Subordination" was published in the 2025 edition of the Norton Annual Survey on Bankruptcy Law. An article written by Brad B. Erens (Chicago) titled "New York Bankruptcy Court Approves Insider DIP Litigation Financing" was published on April 6, 2026, by Lexis Practical Guidance. An article written by Corinne Ball (New York), Dan T. Moss (Washington/New York), David S. Torborg (Washington), and Isel M. Perez (Miami) titled "New York District Court Affirms Narrow Scope of 'Public Policy Exception' in Chapter 15 Cases" was published on April 6, 2026, by Lexis Practical Guidance. An article written by Jeffrey B. Ellman (Atlanta) titled "Statutory Cap on Lease Rejection Damage Claims in Bankruptcy Applies to Solvent Debtors" was published on April 6, 2026, by Lexis Practical Guidance. An article written by Trisha L. Mowbray (Real Estate; Chicago) and Ryan Sims (Washington) titled "Chapter 11 Plan that Abridged Non-Debtor Lessee's Rights to Remain in Possession After Rejection Unconfirmable as Having Been Proposed in Bad Faith" was published on April 6, 2026, by Lexis Practical Guidance. Lawyer Spotlight: Ben Rosenblum Ben Rosenblum, a partner in the New York Office, represents debtors, creditors, and other parties in out-of-court restructurings and court-supervised proceedings, including chapter 11 cases, municipal bankruptcies, international insolvency matters, and stockbroker liquidations. His experience spans industries such as manufacturing, shipping, mining, aviation, energy, real estate, and telecommunications. Ben's notable debtor representations include Peabody Energy, the City of Detroit, Chrysler LLC, Spansion Japan, and Dana Corporation. Significant creditor representations include General Maritime Corporation, Calpine Corporation, American Home Mortgage, and Murray Energy. He currently represents creditors in Puerto Rico's restructuring. He also has extensive experience advising financial institutions on bankruptcy law as applied to derivatives.
After years of failed treatments, this psych program finally worked. Now her family owes $1 million.
The Levasseurs took out a second mortgage on their home and drained their savings, desperate to keep their older daughter in treatment.
Roundup: Existing home sales / Faith Technologies / University Lakes update
A May surge: U.S. existing home sales rose in May to their highest level since December, reaching an annual pace of about 4.17 million. The increase was driven by slightly lower mortgage rates and stronger buyer activity. However, affordability remains a challenge as home prices stay elevated and supply is still limited. CNBC has the […]
Arch Announces Leadership Changes Across Insurance Business
Arch Capital Group and Arch Insurance North America announced a series of leadership changes this week, including executive promotions across its wholesale insurance platform, a planned CEO succession, and the retirement of a longtime property insurance leader.At the parent company level, Arch Capital previously announced that President and Chief Underwriting Officer Nicolas Papadopoulo will succeed Marc Grandisson as chief executive officer effective March 1, 2027. Grandisson will remain executive chairman following the transition.
New acting spy chief will be Bill Pulte, housing finance director who's attacked perceived Trump foes
Pulte’s current role involves ensuring the soundness of the mortgage market, but he morphed into a megaphone who went after the Republican president’s perceived political foes.
Phoenix Mercury overwhelmed by Minnesota Lynx’s backcourt in Commissioner’s Cup opener
PHOENIX — Defensive breakdowns and an inability to contain the Minnesota Lynx’s backcourt became major factors in the Phoenix Mercury’s 111-77 loss in their Commissioner’s Cup opener. Jun 1, 2026; Phoenix, Arizona, USA; Phoenix Mercury forward Noemie Brochant (1) shoots against Minnesota Lynx guard Courtney Williams (10) during the first half at Mortgage Matchup Center.
Business owner faces federal fraud indictment | FOX 13 Tampa Bay
A Hillsborough County business owner faces up to 20 years in federal prison after a federal mail fraud indictment said he allegedly used investor money to get a mortgage to buy a $1.6 million home. FOX 13's Ariel Plasencia reports.
Hillsborough County business owner used mail fraud scheme to buy $1.6M house, indictment says
A Hillsborough County business owner faces up to 20 years in federal prison after a federal mail fraud indictment said he allegedly used investor money to get a mortgage to buy a $1.6 million home.
FICO Names Eric Lapin VP, Head Of Strategy And Market Intelligence For Scores Business
FICO has appointed Eric Lapin as vice president and head of strategy and market intelligence for its Scores business, adding a longtime mortgage and fintech executive to a leadership role at the company behind the credit scores used throughout the mortgage industry.Lapin announced the move in a LinkedIn post, describing it as "a new and inspiring chapter" in his career.
Schneider Electric sees India data center business outpacing core growth on AI boom
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Mortgage rates climb to highest level in 9 months
Turmoil in the bond market, fueled by the war with Iran, is sending US mortgage rates higher and threatening to make buying a home even more expensive.
Business Notes: Virginia Beach disability advocates honored; free mortgage for military family
View the latest business happenings in Hampton Roads.
CFPB Scales Back Small Business Lending Rule, Easing Burden On Smaller Lenders
The Consumer Financial Protection Bureau (CFPB) has finalized a scaled-back version of its small business lending rule under Regulation B, sharply narrowing which lenders must comply and what data they must collect.Published May 1 in the Federal Register, the rule revises the Bureau’s Section 1071 framework under the Equal Credit Opportunity Act, which requires lenders to collect and report data on small business credit applications.
Real estate market's summer rebound derailed: mortgage rates, Iran war
America's real estate market was set for a hot summer homebuying season. Then rising mortgage rates and the Iran war dashed everyone's hopes.
Buying an apartment seemed my best option. Visiting a tiny home village showed me another way to live.
A zillennial who spent 30% of his income on his mortgage felt lucky. Minitopia's tiny home village gave him a new perspective on homeownership.
What travel sports really cost families — and how to budget for it
“Families are suddenly looking at costs that rival a second mortgage payment.”
What travel sports really cost families — and how to budget for it
“Families are suddenly looking at costs that rival a second mortgage payment.”
Mitchell Ryan Zagrodnik Joins Anchor Loans As Business Development Manager
Anchor Loans has appointed Mitchell Ryan Zagrodnik as a business development manager, according to a recent announcement shared on LinkedIn.In the role, Zagrodnik will focus on developing and expanding relationships with real estate investors, brokers, builders, and developers, helping connect them with financing solutions to execute investment projects.
New York sues Coinbase and Gemini, seeking to halt unlicensed prediction market businesses
Both companies began as cryptocurrency trading platforms before branching into the prediction space.
N.Y. state sues Coinbase and Gemini
Attorney General Letitia James' lawsuit was filed Tuesday in state court in Manhattan.
Cosm Breaks Ground on Immersive Entertainment Venue in Downtown Cleveland
CLEVELAND — Cosm, along with Bedrock and Rock Entertainment Group, have broken ground on a new entertainment venue located at the intersection of East 4th Street, Prospect Avenue and Huron Road in downtown Cleveland. Dubbed Cosm Cleveland, the venue will sit directly across from Rocket Arena (formerly Rocket Mortgage Fieldhouse), home of the NBA’s Cleveland Cavaliers and AHL’s Cleveland Monsters. The two professional sports franchises are owned by Dan Gilbert, founder of Rocket Mortgage, Bedrock and Rock Entertainment Group. Spanning approximately 64,000 square feet and rising three stories, Cosm Cleveland will comprise two programmatic elements: The Dome and The Hall. Through Cosm’s proprietary technology called Shared Reality, the venue will merge a stadium-like atmosphere with state-of-the-art visuals in a communal setting. Rossetti Architects designed Cosm Cleveland, and Bedrock is leading the development. The venue, which will anchor Bedrock’s Rock Block mixed-use development, is slated to open in 2027. “This is a major milestone for our downtown Gateway District, and the arrival of Cosm is a testament to our community’s spirit and resilience,” says Cleveland Mayor Justin Bibb. “This incredible venue will enhance our city’s reputation as a hub for sports and entertainment, drawing visitors from near and far to experience a…
Suns-Warriors play-in matchup set
The NBA Play-In Tournament matchup between the Suns and Warriors for the eighth seed is set for Friday at Mortgage Matchup Center.
Suns-Trail Blazers NBA Play-in matchup set
The NBA Play-In Tournament matchup between the Phoenix Suns and Portland Trail Blazers is set for Tuesday at Mortgage Matchup Center.
How to watch UCLA vs South Carolina in women's national championship: Time, TV
South Carolina will face UCLA for the women's national title Sunday, April 5 at Mortgage Matchup Center (3:30 p.m., ET, ABC). Here's how to watch.
The Trump administration wants banks back in the mortgage business. Banks have other ideas.
Regulators hope getting banks to lend more to homebuyers will unlock more lending and give more insight into brewing risks. Analysts are skeptical.
Mortgage rates rise for fifth straight week as Iran war continues to roil markets
The average rate on a 30-year fixed mortgage rose this week to 6.46%, according to the latest Freddie Mac data released Thursday. That is up from last week's reading of 6.38%.
UK hit by record rise in fuel prices, and ‘biggest mortgage shock since mini-budget’ as Iran war bites
Rolling coverage of the latest economic and financial news
Opendoor acquires Doma's closing and escrow business in bid to lower mortgage refinance costs
Doma's technology has been used in a Fannie Mae pilot program designed to reduce title insurance costs on eligible refinance transactions.
Prices rise for travel, gas, mortgages after a month of war, shutdown
Between TSA chaos and rapidly rising gas prices, March sent America's economic outlook into a spiral.
Consumers down on the economy, as gas prices and mortgages surge due to war
Consumer sentiment in the economy dropped to its lowest level in 2026 as the Iran war causes fuel prices to surge.
Mortgage rates jump to highest level in nearly 4 months
The average rate on a 30-year fixed mortgage rose this week to 6.22%, according to the latest Freddie Mac data released Thursday. That is up from last week's reading of 6.11%.
UK mortgage shelf-life nosedives amid market uncertainty; oil rising again
Rolling coverage of the latest economic and financial news
Bob on Business: UTA business professor sees uncertainty ahead for financial markets, mortgage rates
Also, energy assets sold and Compass expands at Clearfork.
Radian Shuts Down Mortgage Conduit Business, Refocuses On Insurance Strategy
Radian Group has ceased accepting new business for its mortgage conduit platform and will wind down the unit over the coming months. The company determined that discontinuing the operation was preferable to selling it, according to company statements.The conduit, which operated primarily through Radian Mortgage Capital, bought mortgages from lenders in the secondary market. It then sold these to investors or into private-label securitizations, sometimes retaining mortgage servicing rights on those loans.
Phoenix Suns cool down Charlotte Hornets as postseason hunt continues
PHOENIX — The Phoenix Suns ended their three-game homestand with a win on Sunday night, taking down a hot Charlotte Hornets team, 111-99. Mar 8, 2026; Phoenix, Arizona, USA; Phoenix Suns guard Collin Gillespie (12) makes a buzzer beater over Charlotte Hornets guard Sion James (4) during the first half at Mortgage Matchup Center.
I became a solopreneur at 36. I use AI agents so don't need staff.
Justin Parnell was closing on a mortgage and expecting a baby when he quit his job as a vice president of marketing to launch his company. Now, he makes custom AI agents for businesses.
Lakers suffer heartbreaking loss in Phoenix, drop third straight
Royce O’Neale’s go-ahead 3-pointer sealed the Lakers' fate with 0.9 seconds left on Thursday at the Mortgage Matchup Center.
Mortgage rates fall below 6% for first time since 2022
The average rate on a 30-year fixed mortgage fell this week to 5.98%, according to the latest Freddie Mac data released Thursday. That is down from last week's reading of 6.01%.