Powell says Fed will pursue ‘consensus’ on capital reform

November 2, 2023by

Federal Reserve chair Jerome Powell said Wednesday that he expects that the final Basel III capital rule will be...

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Canadian mortgage broker lists on U.S. exchange

November 2, 2023by

Toronto-based mortgage broker Pineapple Financial is listing on the NYSE American exchange, because its management sees growth potential, not...

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Living cost concerns dominate broker searches: Knowledge Bank  

November 2, 2023by

Cost-of-living concerns continue to dominate brokers searches as ‘maximum age at end of term’ topped residential enquiries in September,...

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Mortgage activity picks up in October: Twenty7tec

November 2, 2023by

Mortgage activity appears to be picking up, with a jump in the number of remortgage, purchase, first-time buyer and...

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Atom cuts rates on prime and near prime products

November 2, 2023by

Atom bank is the latest lender to trim the cost of its fixed rate products, with reductions across its...

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Long-awaited reverse mortgage revisions to FHA handbook are published

November 1, 2023by

Long-awaited Home Equity Conversion Mortgage (HECM) program guidance revisions to the Federal Housing Administration (FHA)’s Single Family Handbook 4000.1...

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Mortgage interest charges up 68.6%

November 1, 2023by

Living costs for employees have recorded the largest increase out of all household types with a rate almost twice...

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Adjustable-rate mortgage demand jumps nearly 10% as buyers struggle to afford housing market

November 1, 2023by

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 7.86%...

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Minority borrowers pay $200M more in mortgage costs in NY

November 1, 2023by

New analysis out of New York shows the extent historic homeownership gaps are affecting the state's Black and Latino...

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Pepper Money enhances criteria to help affordability

November 1, 2023by

Pepper Money has made enhancements to its lending criteria to help customers maximise their affordability when applying for a...

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