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New mortgage pilot rewrites credit rules for first-time homebuyers

The results are in from a new mortgage pilot, and hopeful homebuyers — especially those with not-so-great credit scores or little in savings, have something to celebrate. It seems a loan with no down payment, low credit score requirements, and no mortgage insurance is a real possibility. And it could be a game-changer for first-time

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Strip-mall fashion giant quietly closed 246 stores, plans more

Contrary to the popular narrative that the American mall is dead and the retail apocalypse is absolute, industry data paint a startlingly different picture: a massive visitor gap between tiers and a brutal real estate squeeze.  While traditional indoor malls are bleeding legacy retailers, neighborhood open-air strip malls are seeing historically low vacancy rates, turning

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Eli Lilly scores a first in major pharma milestone

Eli Lilly (LLY) just did something worth paying attention to. With CVS Caremark announcing coverage of both Zepbound and newly approved Foundayo starting this summer, all three of the largest U.S. pharmacy benefit managers now cover Lilly’s complete obesity medicine portfolio. That’s a clean sweep of Express Scripts, Optum Rx, and CVS Caremark combined, covering

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