APRA rules no change to mortgage serviceability buffer

By: ameer@trustedteam.com

The Australian Prudential Regulation Authority (APRA) has ruled banks in Australia must continue to assess home loan applications 3% higher than the actually rate the borrower will pay.

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NAF launches multimillion-dollar marketing campaign

By: ameer@trustedteam.com

The campaign, called “Hell Yeah You’re Buying a Home,” is designed to “energize and empower” the next generation of first-time homebuyers.

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HomeStreet to sell $794M in Ginnie Mae MSRs

By: ameer@trustedteam.com

Seattle-based HomeStreet Bank has agreed to sell its $794 million Ginnie Mae loan servicing portfolio to an undisclosed “experienced” buyer, the company announced in a regulatory filing.

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Bipartisan legislation aims to expand ADU financing

By: ameer@trustedteam.com

The SUPPLY Act would allow homeowners to access federally backed, second-lien mortgages to fund construction of accessory dwelling units.

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Regulator to investigate credit repair and debt management sector

By: ameer@trustedteam.com

The Australian Securities and Investments Commission (ASIC) has announced a probe into credit repair and debt management services amid reports of dishonest practices.

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RMIT and MFAA unveil industry-first advanced broker education program

By: ameer@trustedteam.com

The Royal Melbourne Institute of Technology (RMIT) Online and MFAA have teamed up to offer an advanced broker development program.

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RBA confirms why it held the cash rate

By: ameer@trustedteam.com

The Reserve Bank has released its minutes for the July monetary policy meeting, providing an explanation as to why it chose to hold interest rates.

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Michigan title agents suspended over alleged mismanagement of escrow funds

By: ameer@trustedteam.com

Officials said the agents posed an “imminent threat of harm” due to “incompetence, untrustworthiness, and diversion of insurance funds.”

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Most Americans retire without a savings withdrawal plan

By: ameer@trustedteam.com

Retirement tech firm IRALogix says about half of American retirees don’t take a systematic approach to withdrawing their retirement assets.

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Homebuilders are weathering the trade war — for now

By: ameer@trustedteam.com

So far, major homebuilders have weathered the trade war, as D.R. Horton and PulteGroup said that tariffs have not heavily impacted them.

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