Key insights: A group of state-focused consumer advocacy groups are banding together to fight against earned wage access industry lobbyists. What’s at stake: Last year, six states pushed EWA regulation, but the revitalization of a federal bill governing the product poses an existential threat to states’ regulatory independence. Forward look: The bill is unlikely to…
What the law means for brokers Mortgage professionals will feel the law’s effects across more than 40 provisions. Among the most prominent: corporations already owning 350 or more single-family homes are now barred from acquiring additional properties, a provision designed to reduce competition between institutional capital and owner-occupant buyers. The law also removes the permanent chassis…
The dollar index (DXY00) rose by +0.29% on Monday. The dollar found support Monday on some safe-haven demand from escalating hostilities in the Middle East after the US and Iran traded attacks over the weekend. Also, Monday’s stock market weakness boosted liquidity demand for the dollar. In addition, Monday’s +9% surge in crude oil prices…
Shake Shack: A Buy On A Deeper Dip
A year ago, OpenAI seemed like it had an untouchable lead in the AI race. It was by far the dominant AI platform for consumers. Competitors like Meta were scrambling — and spending a gazillion dollars on new hires — to catch up. Sam Altman had enough cash, and clout, to hire famed Apple designer…
“When a borrower’s income is derived from employment that is not legally authorized, the source of repayment may be less reliable and may present increased credit risk,” the OCC, FDIC, and NCUA said in the joint statement. No new lending rules were imposed. The guidance does not impose new requirements or outright prohibit banks and…
Chewy: Steady Growth And Undervalued
Brace yourself for higher water bills—and soon. Within a decade, millions of Americans could face monthly water bills so high that they’ll become unaffordable. Water rates have already been rising three times faster than inflation. However, hotter and drier conditions could exacerbate current strains on aging infrastructure, leaving more than one-third of U.S. households grappling…
CBRE has added Robert Koontz as head of multifamily debt capital markets after he led a similar role at Freddie Mac, the company announced Monday. Koontz, who spent 17 years at Freddie Mac and most recently served as head of multifamily capital markets at the government-sponsored enterprise, joined CBRE on July 6 as part of…
Singapore Q2 GDP grows more than expected but eases from 4-yr high