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Democrats counter Trump’s proposal to limit institutional housing investors

By Emily WilkinsSource: MSN Both congressional Democrats and President Donald Trump both want to limit how many homes major corporations can own, but a new proposal from Sen. Elizabeth Warren, D-Mass., makes it clear that’s where the agreement ends. In a bill released hours before Trump’s State of the Union speech, Warren, Sen. Jeff Merkley, D-Ore., and 16 other Senate Democrats propose ending […]

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Economy

US Consumer Delinquencies at the Highest Since 2017

By Jordan ErbSource: Bloomberg Delinquency rates on loans ranging from mortgages to credit cards rose to 4.8% of all outstanding US household debt in the fourth quarter, the highest level since 2017, driven by rising defaults among low-income and young borrowers. While the overall share of loans in some stage of default is near pre-pandemic averages, the rise […]

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Real Estate

US Banks to See New Mortgage Capital Requirements in Basel Plan

By Katanga JohnsonSource: Bloomberg US lenders are poised to see new mortgage-loan requirements as the Federal Reserve comes closer to unveiling a long-awaited bank capital proposal tied to Basel III. Michelle Bowman, the Fed’s top bank cop, said parts of that new measure related to residential real estate would consider increasing the “risk sensitivity” of capital […]

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Boston solar company acquires Cambridge power developer to expand national footprint

By Eli ChavezSource: Boston Business Journal A Boston-based solar energy company acquired another local solar energy company to expand its offerings and its national reach.  Perch Energy, a community solar management company, has acquired Solstice Power Technologies LLC, a Cambridge-based community solar company with operations nationwide, including a recent expansion into New Mexico.  The acquisition follows […]

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