Fannie Mae officials ousted after concerns over confidential data

A confidant of Bill Pulte, the Trump administration’s top housing regulator, provided confidential mortgage pricing data from Fannie Mae to a principal competitor. Emails reviewed by The Associated Press reveal the disclosure alarmed senior officials of the government-backed lending giant, who warned it could expose the company to claims that it colluded with a rival to fix mortgage rates. The emails show the data was shared with rival government-backed lender Freddie Mac by an associate of Bill Pulte, who was working on the Federal Housing Finance Agency director's behalf. Fannie Mae and the FHFA both say they take compliance with the law seriously.

AP News
The risks and rewards of tokenization as crypto heavyweights push for it

The financial world is buzzing about tokenization, a process using blockchain to turn real-world assets like stocks or real estate into digital tokens. Advocates say this could revolutionize investing, making it cheaper, more transparent, and accessible to everyday investors. Robinhood recently launched tokenized stock trading in Europe and offered tokens linked to private companies like OpenAI, sparking controversy. Critics warn tokenization could bypass U.S. securities laws, risking investor protections. The SEC has urged caution, emphasizing legal obligations. While some see tokenization as a game-changer, others fear it could lead to unregulated markets reminiscent of the 1920s.

AP News
Investors snap up growing share of US homes as traditional buyers struggle to afford one

Real estate investors are buying a larger share of U.S. homes as high prices and borrowing costs deter traditional buyers

ABC News
Quantum Threat to Financial Sector: Europol Urges Immediate Action - RedPacket Security

Today’s financial services sector is facing an urgent need to strategize for the transition to quantum-safe cryptography. Europol has issued a warning

RedPacket Security

Global #Financial_Services Applications Market is expected to grow at a significant rate of around 7% during the forecast period. A financial service application is an app or software that provides financial services to users, such as banking, investment management, budgeting, or payments.

https://univdatos.com/report/financial-services-application-market/

Financial Services Application Market- Size, Share, Forecast (2022-2028)

Global Financial Services Applications Market is expected to grow at a significant rate of around 7% during the forecast period 2022-2028.

Market Research Reporting & Analysis Agency in India
Why It’s Taking So Long for Americans to Get Payments Instantly

Hundreds of banks use Fed’s new instant-payment service, but universal availability could remain a long way off

WSJ
Why It’s Taking So Long for Americans to Get Payments Instantly

Hundreds of banks use Fed’s new instant-payment service, but universal availability could remain a long way off

WSJ
UK Banks Warn Quantum Will Imperil Entire Payment System - RedPacket Security

The UK finance industry has warned that quantum computing could unravel the security used to protect the country’s entire payment system.

RedPacket Security
Home Insurance Is So High in This Florida Town, Residents Are Leaving

In West Palm Beach’s Flamingo Park neighborhood, some homeowners are dropping insurance, and others who can’t are selling

WSJ
Autopay Is Making Us Worse at Managing Credit-Card Bills

Set-it-and-forget-it approach can lead to paying more in interest charges

WSJ