According to ATTOM’s just released Mid-Year U.S. Foreclosure Market Report, a total of 227,548 U.S. properties had foreclosure filings, including default notices, scheduled auctions, and bank repossessions, during the first six months of 2026. That figure was up 21 percent from the first half of 2025 and up 28 percent from the same period in […]
Union Home Mortgage (UHM) has acquired the origination assets of AmeriTrust Mortgage Corp. UHM, which ranked No. 14 in Scotsman Guide’s 2026 Top Mortgage Lender Rankings, assumes control of AmeriTrust’s retail branches, wholesale broker relationships and corresponding sales channels, expanding both its wholesale and non-qualified mortgage reaches. NEXA Lending announced that Mike Kortas has assumed […]
New York sued Kalshi Inc.’s trading subsidiary for allegedly running an illegal, unlicensed gambling operation in the state, marking another legal hurdle for an industry that has won support from the Trump administration. Processing Content The suit, filed Friday in state court in Manhattan, alleges that Kalshi’s prediction market exposes state residents – including those […]
Andy Burnham has taken power with remarkably little scrutiny – no general election, no contest for the leadership of his party, and no form of questioning in Parliament. A few sound bites aside, we have very little idea of what his plans are. Instead, over his first week, he made a series of small announcements, […]
Treasury yields are grinding higher again in the wake of this week’s meeting of the Federal Open Market Committee, which held interest rates flat for the fifth meeting in a row. In addition to that vote, comments from new Federal Reserve Chair Kevin Warsh around the meeting spooked investors, leaving them questioning whether the Fed could adequately tame inflation. Bonds […]
Home price appreciation remained modest in May, according to data from both FHFA and the S&P Cotality Case-Shiller Home Price Indices. Although both reports showed annual price growth improving slightly from April, appreciation continued to trail inflation, underscoring a housing market where elevated mortgage rates, affordability pressures, and uneven regional performance continue to limit broader […]
Merrill Private Wealth Management has added a 14-person team from Morgan Stanley’s Graystone Consulting business that oversees more than $13 billion in client assets. The team works with a national client base that includes ultra-high-net-worth families, entrepreneurs, corporate executives and retirement plans. It includes advisors Alfred Hammond, Matthew McLaughlin, Anthony Mancini, Peter J. Ciovacco, Scott […]
This week’s earnings season was dominated by the technology heavyweights. Microsoft delivered standout results that reignited enthusiasm around AI spending, while Amazon also impressed with strong cloud and advertising growth. Apple topped earnings estimates but offered a cautious outlook that weighed on the shares, and Meta came under pressure as investors remained concerned about the […]
The GBPUSD surged higher yesterday, extending its rally toward a key swing level at 1.34797. However, during the Asia-Pacific and early European sessions, the pair corrected lower, retracing back to its converged 100-day and 200-day moving averages near 1.3398. The day’s low reached 1.3400, just a couple of pips above that critical support zone. That […]
Amazon (AMZN +15.21%)stock was soaring on Friday after the company delivered its strongest quarterly growth in five years, breezing past analyst estimates. Revenue jumped 20% to $200.6 billion, ahead of the analyst consensus at $196.4 billion, and operating income rose 43% to $27.5 billion. Amazon Web Services, the company’s cloud computing division, got the bulk […]