FHFA moves to drop ‘reputational harm’ from consideration in counterparty suspensions

The Federal Housing Finance Agency (FHFA) wants to drop “reputational harm” as a basis for suspending firms and individuals that do business with Fannie Mae, Freddie Mac and the Federal Home Loan Banks. In a notice of proposed rulemaking published Monday in the Federal Register, the agency said remo

BTIG: Higher rates to hit Q2 originations as nonbanks lean on MSR gains 

Higher mortgage rates will weigh on second-quarter originations and third-quarter guidance for nonbank lenders, even as slower prepayments bolster servicing income, BTIG analysts said in a report issued Monday. Earnings season will start on Tuesday with Wells Fargo and JPMorgan Chase, giving investo

Pfizer Building Scare Unlikely To Slow New York’s Residential-Conversion Fever

Last week, structural concerns at the Pfizer Building in Midtown Manhattan forced the evacuation of nine buildings and the shutdown of several city streets. The incident occurred at 235 East 42nd St., the former global headquarters of pharmaceutical giant Pfizer, where the developer MetroLoft is in

LeBron James’ NBA Future Still Up in the Air After L.A. Lakers Exit—as Basketball Pro Weighs Free-Agency Offers Across U.S.

Basketball legend LeBron James has officially ended his eight-season run with the Los Angeles Lakers, and the Golden State Warriors are reportedly among the leading contenders to sign the four-time NBA champion for the 2026–27 season. James' future with the L.A.-based team was reported to be coming