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The Mortgage Industry Standards Maintenance Organization (MISMO) is targeting January 2025 as the release window for reverse mortgage standards from its work group that is analyzing and developing the standards, according to a statement released Tuesday by Mortgage Cadence. “Interestingly, traditional forward mortgage lenders are beginning to take notice of the reverse mortgage opportunity, albeit cautiously,” the informational blog posted reads. “There’s a growing curiosity about integrating reverse mortgage capabilities into existing lending platforms. Questions about data portability and system integration are becoming more common, indicating a shift in perspective among conventional lenders.” This interest aligns with efforts designed to…

Chinese e-commerce company Alibaba has invested heavily in its fast-growing international business as growth slows for its China-focused Taobao and Tmall business.Nurphoto | Nurphoto | Getty ImagesBEIJING — Chinese e-commerce giant Alibaba’s international arm on Wednesday launched an updated version of its artificial intelligence-powered translation tool that, it says, is better than products offered by Google, DeepL and ChatGPT.That’s based on an assessment of Alibaba International’s new model, Marco MT, by translation benchmark framework Flores, the Chinese company said.Alibaba’s fast-growing international unit released the AI translation product as an update to one unveiled about a year ago, which it says…

A Russian man has been rescued after spending more than two months adrift in a small inflatable boat in the Sea of Okhotsk in the far east of Russia.Officials say a man, named by Russian media as Mikhail Pichugin, 46, was found by a fishing boat crew nearly 1,000km (620 miles) from where he set off in early August. The bodies of his brother and his 15-year-old nephew were reportedly found in the boat. Mr Pichugin’s wife said the trio had gone to sea to watch whales and taken food supplies for two weeks.She told Russia’s state-run Ria Novosti news…

Ben Affleck is getting back in the director’s chair … and this time he’s overseeing a beer commercial starring his good buddy Matt Damon and soccer star David Beckham. TMZ obtained photos of Ben, Matt and David on the set of a production Tuesday at Griffin Club Los Angeles in Cheviot Hills … and our sources tell us it’s for a new Stella beer advertisement. Matt and Dave appear to be in tennis gear … and it looks like they’re filming on a tennis court. The private, members-only club markets itself as a “premiere racquet, athletic, aquatic and social club.”…

Nearly a fourth of first-time homebuyers are delaying their plans due to election anxiety, according to Redfin’s latest market analysis published on Tuesday. The Seattle-based portal teamed with market research company Ipsos to survey 1,802 homeowners and renters on their sentiments about the real estate market. Of the 491 respondents who said they plan to purchase their first home within the next 12 months, 23 percent said they’re pausing their plans until after Election Day. Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take…

Netflix’s new games president, Alain Tascan, appointed Jeet Shroff as VP of games tech.Shroff, formerly of Epic Games, was tapped to promote consistency across Netflix’s game portfolio.Netflix also laid off some games staffers last week. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy. You can opt-out at any time by visiting our Preferences page or by clicking “unsubscribe” at the bottom of the email. Netflix’s new games boss is shaking things up. Alain Tascan, who…

The deployment of an advanced United States anti-missile system to Israel, along with 100 troops to operate it, marks a significant escalation in US entanglement with a widening Israeli war that Washington has already heavily subsidised. But the deployment – in anticipation of an Iranian response to an expected Israeli attack on Iran – also raises questions about the legality of US involvement at a time when the administration of US President Joe Biden is facing growing backlash over its unwavering support for Israel. It also comes as US officials are seeking to project authority and threatening to at last…

Every body deserves a massage! Before Dua Lipa, Ana de Armas, Kylie Jenner, Emma Stone, Salma Hayek and Vanessa Hudgens attend a big event, they make sure to snag an appointment with lymphatic drainage masseuse Flavia Lanini first.Flavia Lanini/InstagramThe massage expert brought her Brazilian-learned method to Los Angeles, California in 2019, and ever since, A-listers have flocked to her spa to experience her magical touch.What Lanini’s technique entails: “Body Massage EFFECT is our unique signature lymphatic drainage massage that I am most known for. The procedure lasts an hour and combines lymphatic drainage, shaping contour and relaxation. It releases abnormal tissue adherence,…

The nation’s most expensive neighborhoods are once again in coastal states. A recent report from real estate data provider PropertyShark ranked California, New York and Florida as the states with the most expensive ZIP codes in 2024. The report listed the 100 most expensive ZIP codes between Jan. 1 and Sept 30 of this year based on prices for closed residential sales. California dominated the list, comprising 66% of the most expensive ZIP codes in the U.S. Los Angeles, Santa Clara and Orange counties had the highest concentrations of pricey ZIP codes this year. The nation’s most expensive neighborhood —…

Boeing said Tuesday that it could raise as much as $25 billion in shares or debt over three years, a move to increase liquidity as the troubled manufacturer faces a more than monthlong machinist strike and problems throughout its aircraft programs.”This universal shelf registration provides flexibility for the company to seek a variety of capital options as needed to support the company’s balance sheet over a three year period,” Boeing said in a statement.Boeing shares are down nearly 42% this year as of Tuesday.Bank of America aerospace analysts have estimated that Boeing will raise between $10 billion and $15 billion…