Good morning! Here’s the latest in trending:
Nuclear renaissance: The Departments of Energy and Defense airlifted a small nuke reactor for the first time, which is expected to be operating by July 4.
IP rights: ByteDance will strengthen safeguards for its AI video generator after Disney (DIS) and Paramount Skydance (PSKY) reportedly threatened legal action.
DEI criteria: Goldman Sachs (GS) is planning to remove diversity requirements for its board following similar rollbacks by banking rivals.
Easing requirements
Changes might be coming to the mortgage industry, as the outlook shifts on the risks origination and servicing pose to the banking system. Regulations in the post-2008 world prioritized safety over market participation, with increasing restrictions gradually pushing out traditional lenders from the mortgage market. It’s a big topic that’s taking place as the housing market continues to thaw, with the hope of increasing competition and potentially lowering costs for consumers.
Quote:
Bringing Mortgages Back To The Big Banks
