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americanbanker.comThree federal agencies on Monday urged banks to review credit risks for mortgages, auto loans and credit cards issued to immigrants lacking U.S. work authorization. The move follows a May executive order from President Trump directing regulators to address such lending.
sbs.com.auA businessman acquired commercial components of a new luxury resort in Byron Bay for $17.35 million. The purchase was financed through mortgages on other local assets and settled in June.
Luca Catalano took out two new loans on a Wategos Beach parcel in May and June. The site forms part of a planned family compound that received court approval in early June.
foxnews.comThe White House sent the nomination of Brian Johnson of Ohio to the Senate on June 10, 2026, to serve a five-year term as Director of the Bureau of Consumer Financial Protection. The move installs a permanent director at the agency that oversees consumer protections for mortgages…
news.sky.comA Bloomberg Investigates documentary received a News Emmy award. The film examines how debt collection firms pursue payments on long-dormant second mortgages.
The TimesNinety-five percent of new UK mortgages taken out in March were fixed for five years or less. Homeowners in the US and parts of Europe more commonly select fixed-rate loans lasting 15 to 30 years.
The average rate on 30-year fixed mortgages increased to 6.56 percent last week. Mortgage applications fell while the share of adjustable-rate mortgages rose to nearly 10 percent.
The average rate on 30-year mortgages increased 10 basis points to 6.56 percent in the week ending May 15, the highest level in seven weeks. Mortgage applications fell 2.3 percent during the same period.
pymnts.comThe Federal Reserve Bank of New York reported total household debt increased $18 billion from the prior quarter, driven by gains in mortgages, auto loans and HELOCs that offset a seasonal drop in credit card balances. Delinquency rates showed little overall change at 4.8 percent,…
New York PostThe government-sponsored enterprises will now accept mortgages using VantageScore models that incorporate on-time rental and utility payments, alongside or instead of FICO scores. The change, announced by FHFA Director William Pulte on April 22, could allow 7.7 million Americans…
BBC NewsUK retailers highlight soaring electricity prices amid Middle East conflict, while US oil majors report sharp earnings declines despite high oil prices. Federal Reserve Chair Jerome Powell concludes his term amid assessments of inflation management. Central banks signal potential…
CoinDeskEric Trump, co-founder and chief strategy officer of American Bitcoin, declared bitcoin is in its greatest period ever during a speech at Bitcoin Las Vegas 2026. He highlighted recent developments including record ETF launches and major banks offering bitcoin-backed mortgages. Bl…
The traditional American starter home is becoming increasingly inaccessible due to high costs and mortgage barriers. Better.com CEO Vishal Garg argues that AI can reduce loan processing expenses, making smaller mortgages viable. This comes amid a U.S. housing shortage of nearly 4…
investopedia.comFannie Mae and Freddie Mac will allow credit scores that include on-time rent and utility payments for mortgage qualification. The Federal Housing Finance Agency announced the policy change, which aims to expand access to homeownership. Similar updates are planned for Federal Hou…
Substrate placeholder — needs reviewGoldman Sachs's fixed income division revenue declined 10% in the first quarter, falling $910 million short of analysts' expectations, according to StreetAccount data. The bank attributed the underperformance to market conditions affecting rates and mortgages. Shares dropped as m…
en.globes.co.ilSeniors aged 62 and older may access home equity through reverse mortgages amid economic challenges including stalled inflation at 2.4% and elevated interest rates. A recent unemployment report indicated a slight decline after a prior increase. The article outlines three question…
Substrate placeholder — needs reviewJoint US-Israel military strikes on Iran in late February have contributed to increases in US Treasury yields and borrowing rates. Mortgage rates for 30-year fixed loans reached 6.37% this week after climbing for five weeks. Higher yields have influenced costs for mortgages, auto…
Substrate placeholder — needs reviewDemand for mortgages in Poland has reached an 18-year high due to reported conflict in Iran, as borrowers seek to secure rates before potential inflation-driven increases. Separately, interest rates for Plan 2 and postgraduate student loans in England have been capped at 6%. Both…