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Sunrise Realty Trust Wins Proxy Adviser Support for Southern Realty Merger Vote

Sunrise Realty Trust Wins Proxy Adviser Support for Southern Realty Merger Vote

by John G. Stevens | Oct 14, 2026 | Commercial Real Estate News, Real Estate Investing

Sunrise Realty Trust has secured support from both major proxy advisory firms for the stock issuance needed to advance its planned combination with Southern Realty Trust, clearing an important recommendation hurdle before shareholders vote next week. In an October 13...
MISMO Certifies Six Mortgage AI Governance Advisers as Lenders Face New Oversight Questions

MISMO Certifies Six Mortgage AI Governance Advisers as Lenders Face New Oversight Questions

by John G. Stevens | Oct 14, 2026 | Mortgage Information, Tech Trends

As mortgage lenders move artificial-intelligence tools from demonstrations into production, an industry standards body is putting names to the advisers it believes can help companies govern the technology. MISMO on October 13 announced six inaugural organizations...
OCC Flags Debanking Policies at Nine Major Banks; CFPB Signals New Investigations

OCC Flags Debanking Policies at Nine Major Banks; CFPB Signals New Investigations

by John G. Stevens | Oct 14, 2026 | Current News & Events, Mortgage Information

A federal banking review has found that all nine of the largest national banks examined by the Office of the Comptroller of the Currency maintained policies that could restrict customers on grounds beyond ordinary financial risk. Hours after the findings were released...
Australian Property Valuers See Housing Downturn Lasting Into Late 2027

Australian Property Valuers See Housing Downturn Lasting Into Late 2027

by John G. Stevens | Oct 14, 2026 | Commercial Real Estate News, Real Estate News, U.S. Housing Market

Australian property valuers expect the country’s housing downturn to extend into 2027, with several states facing a peak-to-trough decline of about 11% before prices begin to recover, according to a new industry survey. The Australian Property Institute’s...
Bank of America Profit Falls 17% on $1.2 Billion Compliance Charge as Loans Grow

Bank of America Profit Falls 17% on $1.2 Billion Compliance Charge as Loans Grow

by John G. Stevens | Oct 14, 2026 | Current News & Events, Mortgage Information

Bank of America reported a sharp decline in third-quarter profit Wednesday after recording a $1.2 billion charge tied to U.S. anti-money-laundering enforcement, even as its loan balances and net interest income increased. The Charlotte-based bank earned $6.93 billion...
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