Android Messages will be new default texting app Google wants you to use

Google is making a handful of announcements related to RCS today, but the piece of news you’re most likely to notice is that the default SMS app Google offers is now called “Android Messages” instead of “Messenger.” Or rather, it will be the default RCS app. RCS, if you don’t recall, is the next-generation messaging […]

Some mortgage backed securities from the 2007 lending boom could still default

Tony Webster/Flickr Roughly half of the $ 90 billion worth of commercial mortgages left over from the 2007 lending boom won’t be easy to refinance when they mature, exposing the winners and losers of the real estate recovery. Banks sold a record $ 250 billion worth of commercial mortgage-backed securities to institutional investors in 2007. […]