Westpac, ANZ and Bendigo Bank to repay $60 million in excessive fees

By: ameer@trustedteam.com

ASIC found that the banks hit Centrelink recipients with extra fees

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Holding pattern: What’s keeping the Bank of Canada from cutting rates again

By: ameer@trustedteam.com

The Bank of Canada is expected to keep its overnight rate unchanged at 2.75% this Wednesday, as policymakers confront persistent inflation pressures and a mixed bag of economic signals.

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Surge in housing market activity slowed by rising stamp duty costs: Zoopla

By: ameer@trustedteam.com

Activity in the housing market has surged, with buyer demand up 11% and agreed sales up 8% year-on-year, defying typical summer slowdown, Zoopla’s house price index reveals. The latest...

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Nottingham BS reports profit rise and increased new lending

By: ameer@trustedteam.com

Nottinghamshire Building Society’s financial results for the year show £535.1m in gross new lending (2024: £525.7m), representing an increase of 1.8%. The lender also reported 4,076 new mortgage customers...

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Barclays new home loans jump to £15.4bn in H1

By: ameer@trustedteam.com

Barclays new home loan bookings jumped to £15.4bn in the first six months of the year from £9.2bn a year ago, “driven by increased demand as interest rates reduced”....

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Santander rates now start from 3.73%, Molo trims prices by up to 49 bps

By: ameer@trustedteam.com

Santander has made price reductions to selected new business residential fixed rates and buy-to-let (BTL) remortgage fixed rates. Highlights include the 60% to 75% loan-to-value (LTV) two-year fixed rate...

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Barry Habib on his appointment to the Fannie Mae board

By: ameer@trustedteam.com

The Federal Housing Finance Agency approached Habib regarding becoming a member of the Fannie Mae board of directors, with the appointment effective July 21.

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Home equity products set to grow in 2025, 2026, study finds

By: ameer@trustedteam.com

As high interest rates make refinancing impossible for many homeowners, increasing numbers of them are turning to HELOCs and home equity loans for cash.

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MBA: Home equity debt rose 10% in 2024 — signaling it as a ‘product of choice’

By: ameer@trustedteam.com

MBA’s Home Equity Lending Study found that lenders expect nearly 10% growth in HELOC debt and about 7% in home equity loan debt in 2025.

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Rithm Capital delays Newrez public listing, eyes M&A opportunities

By: ameer@trustedteam.com

Newrez posted a 19% pretax return on its $5.8 billion in equity in Q2 2025. Funded loan volume totaled $16.3 billion.

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