Home Equity, Verification, Asset-Based Lending, MI Tools; Housing Demand Shift; Fed Balance Sheet Thoughts Certainly the cost gap between renting and owning is widening, and the press is filled with stories that our borrowers see, and MLOs should read, like, “Rent vs. Buy: Is Renting Cheaper Than Buying a Home?” or “Rent or…
Foundation Mortgage has built a condo team for that very reason, bringing on a specialist who previously ran condo operations at Sprout and has involvement in Fannie Mae advisory processes. Marc Halpern (pictured top), CEO of Foundation Mortgage in South Florida, said understanding those engineering reports gives educated brokers and lenders an advantage. “We’re going…
Base Markets CEO: Why Trust Matters More Than Bonuses | Alex Kolpokchi Interview Base Markets CEO: Why Trust Matters More Than Bonuses | Alex Kolpokchi Interview Base Markets CEO: Why Trust Matters More Than Bonuses | Alex Kolpokchi Interview Base Markets CEO: Why Trust Matters More Than Bonuses | Alex Kolpokchi Interview Is it still…
Andy Burnham will have a lot of important jobs when he steps into Number 10. One of them will be to try to fix the UK’s apparently broken stock market. The persistent undervaluation of UK stocks may provide buying opportunities for investors, but it seems to be overseas institutions that are taking advantage, rather than…
Wheat is trading with 15 to 22 cent gains across the three markets early on Wednesday. The wheat complex posted gains across the three exchanges at the Tuesday close. Chicago SRW contracts were up 4 1/4 to 9 3/4 cents on the day. Open interest was up 5,032 contracts, suggesting new buying interest. KC HRW…
The Indian rupee on Wednesday hovered around its over one-month low before ending nearly flat, wedged between modest portfolio inflows and dollar demand from local corporates, while traders continued to keep a close watch on oil prices. The rupee closed at 96.2550 per dollar, little changed from its close at 96.20 in the…
Tokenization is sold as access: anyone, anywhere, one tap into assets that used to be gated. RWA Labs Chief Business Officer Anton Golub says access is the easy part. The hard parts, the two that decide whether tokenized real-world assets become real markets or expensive disappointments, are what sits behind the token and who stands…
When I was 20, I spent a summer working as a maid, cleaning houses. The hours were long, the pay was terrible, half the day was spent in traffic, and the work was frequently unappreciated by our clients. But the job did have one excellent benefit: I learned a lot about cleaning houses and commercial…
The Massachusetts Appeals Court’s recent decision in Fern v. Baker provides important guidance on interpreting the scope of authority under a durable power of attorney, particularly when agents engage in self-interested transactions. The case underscores the breadth of authority that may be conferred through gifting provisions, the importance of interpreting such provisions to effectuate the…
USA Rare Earth (NASDAQ:USAR) successfully extracted commercial-grade dysprosium and neodymium-praseodymium (NdPr) oxides from recycled magnet scrap at its Colorado facility on Tuesday (July 14). Operating out of its Wheat Ridge demonstration plant, the company announced it had processed scrap from its own magnet manufacturing facility in Stillwater, Oklahoma into high-purity rare earth oxides. USA Rare…