FBI Launches Criminal Probe into New York AG Letitia James for Mortgage Fraud
ALBANY, N.Y. — The FBI has opened a criminal investigation into allegations that New York Attorney General Letitia James falsified mortgage records related to property purchases in Virginia and Brooklyn, according to…
Australia’s Computershare to sell US mortgage portfolio for $720 million
By Rishav Chatterjee (Reuters) -Australia’s Computershare said on Tuesday it was selling its U.S. mortgage services arm to asset manager Rithm Capital for $720 million, as the share registry company aims to…
UK home-buyer demand inches up as mortgage rates fall: Zoopla
By David Milliken LONDON (Reuters) – More Britons made enquiries with estate agents about potential house purchases over the past four weeks as mortgage rates started to fall, breaking a downward trend…
Portugal approves 30% cut in mortgage rates for struggling borrowers
By Sergio Goncalves LISBON (Reuters) -Portugal’s government said on Thursday that banks must discount the benchmark six-month Euribor rate by 30% when calculating mortgage interest rates if asked to do so by…
US looks to offload $13 billion of mortgage bonds seized from SVB, Signature – Bloomberg News
(Reuters) – The U.S. government is looking to offload nearly $13 billion of mortgage bonds it amassed from Silicon Valley Bank and Signature Bank following the collapse of the lenders, Bloomberg News…
Real Estate Investor Gets 2 Years for Mortgage Fraud
NEWARK, NJ – Anthony Garvin, a 53-year-old real estate investor from Jersey City, was sentenced to 24 months in prison today for his role in a home equity line of credit fraud…
HSBC to raise mortgage rates in Hong Kong; property stocks fall
By Xie Yu and Selena Li HONG KONG (Reuters) -HSBC Holdings will raise its mortgage rates in Hong Kong by a maximum of 50 basis points, a spokesperson for the bank said…
Canada’s mortgage stress test is ‘imperfect’; review ongoing -regulator head
TORONTO (Reuters) – The head of Canada’s banking regulator said on Thursday its mortgage stress test was “imperfect” and “incomplete” as homeowners on a variable rate mortgages struggle to repay their loans…
China’s Beijing, Shanghai ease mortgage rules for first-time home buyers
BEIJING (Reuters) -China’s Beijing and Shanghai on Friday announced that they would allow home buyers to enjoy preferential loans for first-home purchases regardless of their previous credit records. The capital city of…
Chinese cities ease mortgage rules to revive property sector
BEIJING (Reuters) – Major Chinese cities have said they will allow people to take preferential loans for first-home purchases regardless of their credit records, in the latest move to help revive an…
US judge tosses most of Commerzbank $1 billion mortgage lawsuit against BNY Mellon
By Jonathan Stempel NEW YORK (Reuters) – A U.S. judge on Monday dismissed most of a lawsuit where Germany’s Commerzbank sought to hold Bank of New York Mellon liable for more than…
Mortgage lender Better’s shares sink in grim Nasdaq debut
By Hannah Lang and Lance Tupper (Reuters) -Shares in Better Home & Finance Holding plummeted more than 93% on Thursday as investors snubbed the online mortgage lender, which went public via a…
U.S. 30-year mortgage shoots up to decades-long high – Freddie Mac
By Safiyah Riddle (Reuters) – Rates on the most popular U.S. home loan hit the highest level since 2001 on Thursday, according to Freddie Mac’s weekly mortgage market survey. The popular 30-year…
Mortgage lender Better set for Nasdaq debut in test for choppy markets
By Hannah Lang (Reuters) – SoftBank-backed Better, the digital mortgage lender which hit the headlines in 2021 after laying off 900 employees on Zoom, is set to go public on the Nasdaq…
Mortgage Rates Reach A 20-Year High Following Interest Rate Hikes
Mortgage Rates Reach A 20-Year High Following Interest Rate Hikes Will Kessler on August 17, 2023 The average 30-year fixed-rate mortgage hit a 20-year high on Thursday following interest rate hikes and…
US mortgage delinquency rates fall to all-time low
By Safiyah Riddle (Reuters) – U.S. mortgage delinquency rates fell to a record low in the second quarter due to a strong job market and low interest rates prevailing on most home…
U.S. mortgage rates spike to highest since November, approach 22-year high
By Safiyah Riddle (Reuters) – The average U.S. 30-year mortgage rate jumped to a nine-month peak on Wednesday and hit the second-highest rate since 2001, as interest rates reacted sharply to a…
NYSE parent ICE beats estimates but shares fall on mortgage unit outlook
By Pritam Biswas and Laura Matthews (Reuters) – Intercontinental Exchange on Thursday reported second-quarter profit above Wall Street estimates as higher trading volumes at the New York Stock Exchange parent more than…
UK mortgage approvals and consumer credit jump unexpectedly in June: BoE
By Andy Bruce and David Milliken LONDON (Reuters) -British lenders approved more mortgages than expected in June and net unsecured lending to consumers shot up by the most in over five years,…
Angelo Gordon-backed REIT in $300 million bid for Western Asset Mortgage
By Anirban Sen NEW YORK (Reuters) -AG Mortgage Investment Trust Inc, a real estate investment trust (REIT) managed by Angelo Gordon & Co, said on Thursday it made a stock-and-cash offer for…
US 30-yr mortgage rate tops 7% for first time since last fall
(Reuters) – The interest rate on the most popular U.S. home loan leapt back over 7% last week for the first time since last fall as financial markets adjusted to an expectation…
Canada regulator proposes banks hold more capital to tackle mortgage risks
(Reuters) -Canada’s banking regulator on Tuesday proposed changes to capital adequacy guidelines that would require lenders and mortgage insurers to hold more funds to better manage risks from a sharp rise in…
Hong Kong’s easing of mortgage rules boosts home visitors, but not deals
By Clare Jim HONG KONG (Reuters) – Hong Kong’s move to raise the maximum mortgages available to some homebuyers, its first relaxation in curbs on home purchases adopted in 2009, boosted shopping…
Hong Kong raises maximum mortgage available for homes valued up to $3.8 million
By Clare Jim and Twinnie Siu HONG KONG (Reuters) -Hong Kong is raising the cap on loan-to-value (LTV) ratio for properties worth up to HK$30 million ($3.83 million) for self-use homebuyers, the…
U.S. mortgage rates rise to 6.81%, highest level this year -Freddie Mac
NEW YORK (Reuters) – U.S. 30-year mortgage rates rose to an average of 6.81% this week, the highest level of 2023, according to Freddie Mac’s mortgage market survey. Mortgage rates have risen…
Canada’s financial watchdog releases guidelines to give mortgage holders tailored support
(Reuters) – Canada’s financial watchdog on Wednesday released new guidelines for lenders aimed at protecting mortgage holders facing high borrowing costs or who are at the risk of defaulting. The Financial Consumer…
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