News
Mortgage rises hinge on habits, not just Bank of England data
9+ min ago (344+ words) Proactive advice becomes critical as fallout from global tensions pushes mortgage costs higher More than five million UK homeowners are now expected to face higher mortgage repayments by the end of 2028 " around a million more than the Bank of England…...
The big interview: UWM's Wilner on building servicing she always wished existed
5+ hour, 45+ min ago (834+ words) Even without Two Harbors, UWM was already building a servicing operation hoping to keep borrowers happy and connected to their broker Even before United Wholesale Mortgage (UWM) made its play to acquire Two Harbors Investment Corp. and its servicing book,…...
Lenders given stark AI warning by regulators
2+ hour, 31+ min ago (433+ words) Lenders have been handed a stark warning by Europe's top banking watchdogs, who say advanced artificial intelligence systems, including Anthropic's Mythos, could pose a serious threat to financial stability, and have set a four-month deadline for banks to strengthen their…...
SMSF lending deadline approaches amid growing uncertainty
9+ hour, 23+ min ago (1014+ words) Fifteen days on from Labor's bombshell announcement, broking industry weighs alternatives as SMSF lending ban changes the game for clients It has been 15 days since Labor's SMSF residential lending ban fell like a lead balloon on the broking industry. Reactions…...
New property tax rules to widen generational wealth gap, buyers agent warns
22+ hour, 7+ min ago (494+ words) Reforms to negative gearing and CGT tip the scales further in favour of established investors Recent changes to negative gearing and capital gains tax (CGT) announced in the Federal Budget are set to widen the gap between older and younger…...
Government's 5% deposit scheme increasingly used by high-income earners
21+ hour, 35+ min ago (638+ words) New figures reveal thousands of above-cap borrowers accessed the guarantee since income limits were scrapped The majority of Australian first-home buyers are relying on the federal government's 5% deposit scheme, and one in three new entrants since October earn above the…...
Comm Bank's blueprint for tackling complex borrower scenarios
1+ week, 1+ day ago (872+ words) Cookie-cutter lending no longer works " and banks must adapt accordingly, says head of third party lending Baber Zaka We all know that two borrowers rarely tell the same story. A nurse buying her first home with a 5% deposit has drastically…...
Andy Burnham told to act boldly on stamp duty and rates
1+ day, 1+ hour ago (565+ words) Broker urges incoming Labour leader to tackle first-time buyer stamp duty and press the Bank of England on rate policy Andy Burnham is facing calls to take "bold action" on stamp duty and interest rate policy as he prepares to…...
CUSMA review leaves Canada in prolonged trade uncertainty
1+ day, 6+ hour ago (528+ words) Avison Young says the real risk is not CUSMA's collapse but tightening rules of origin The July 1 review of the Canada-United States-Mexico Agreement (CUSMA) has passed without a 16-year extension, but global commercial real estate advisory firm Avison Young says…...
What it takes to make it as a broker in an ever-evolving industry
1+ day, 8+ hour ago (119+ words) mpamag. com What it takes to make it as a broker in an ever-evolving industry The top mortgage brokers in Canada are continuing to eke out success, even in a challenging market. But how can other mortgage professionals follow their…...