Meta to integrate Muse Image model into ad creative tools
Meta to integrate Muse Image model into ad creative tools
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HomeEquity Bank names new SVP as broker channel ambitions grow
HomeEquity Bank has named Pierre-Emmanuel Martin as Senior Vice President (SVP), Broker Channel, as Canada’s reverse mortgage lender moves to deepen its national broker distribution network amid accelerating demand from homeowners 55 and older. Martin joins with a career spanning mortgage lending, broker relations, credit risk, underwriting, and sales leadership, a background that HomeEquity…
Big Investors Sell More Rental Homes, as Law’s Buying Ban Takes Effect
“For Sale” signs have been popping up more often on homes that are owned by institutional investors in response to the recently enacted 21st Century ROAD to Housing Act, the most comprehensive housing reform package in decades. The law bans institutional investors from purchasing single-family homes. CNBC reported that the number of homes owned by…
FCA opens 11 Consumer Duty probes in three years
The Financial Conduct Authority (FCA) has opened 11 investigations into the potential breach of Consumer Duty since the rules came in three years ago. The regulator said the number of investigations had “steadily increased” since the first was opened in August 2024, just over a year after Consumer Duty was applied to open products. …
TPG Mortgage Investment Trust acquires Cherry Hill REIT
TPG Mortgage Investment Trust is acquiring Cherry Hill Mortgage Investment Corp. in a deal that will create a larger non-agency portfolio. Processing Content The combined companies will run an investment portfolio of $9 billion, 72% of which will be composed of non-agency residential credit, they said Monday. The cash-and-stock deal by TPG, which trades under…
Leather jacket worn by Nvidia CEO goes for just under $1 million at Sotheby’s auction
Nvidia Corp CEO Jensen Huang speaks at the COMPUTEX forum in Taipei, Taiwan May 29, 2023. Ann Wang | Reuters Nvidia CEO Jensen Huang is rarely seen without his leather jacket. It’s his signature look. He’s been wearing them for nearly 20 years. At product launches, company events, and trade shows, Huang is nearly always…
These two banks are passing on larger rate hikes than the RBA
Two Australian lenders are hitting borrowers with interest rate hikes larger than the Reserve Bank’s February increase, but there is a silver lining. The recently-merged Unity Bank and G&C Mutual have announced they’re hiking variable home loan rates by as much as 36 basis points for existing borrowers in the wake of the Reserve Bank…
