CFPB targets TRID, reverse mortgage disclosures in credit access push

Key insight: The Federal Reserve proposal would set a higher threshold for supervisors looking to cite banks for their Bank Secrecy Act/anti-money laundering deficiencies. Failures must be “significant or systemic” for an enforcement action to be taken. Expert quote: “I am concerned that the ‘significant or systemic’ standard may have unknown effects on the Board’s…

Across five of the six provinces studied, small-scale individual investors, those owning five properties or fewer, held the largest share of assessed value among rental properties. Their share ranged from 35.9% in Nova Scotia to 57.1% in Prince Edward Island. Nova Scotia was the exception, where institutional investors, primarily real estate investment trusts, pension funds,…

Office-to-residential conversions haven’t fallen out of favor with the mayor. Buckling columns at the former Pfizer headquarters in Midtown weren’t enough to deter the mayor’s pursuit of office-to-residential conversions as part of his broader housing plan for 200,000 units over the next decade. The risky situation at 235 East 42nd Street on Tuesday was partially…

More geopolitical instability, more frequent supply shocks and macro volatility are facing investors in an era that’s just starting, says Charles Schwab.

Anthropic is fully invested in Manhattan’s artificial intelligence office boom, sealing the deal for a full building in Hudson Square. The AI firm is leasing the 16-story building at 330 Hudson Street from AEW Capital Management, the New York Times reported. Details about the lease, including asking rent and broker involvement, were not disclosed. It…

Volatility is always a risk surrounding 3 day holiday weekends when it comes to markets and mortgage rates, but this time around, things have been very calm. The average top-tier 30yr fixed rate remained almost perfectly flat versus last Thursday with the MND index technically falling by 0.01%. This week’s calendar of scheduled events is…