Ex-Stockton Mortgage employees deny trade secrets allegations

This is a longer horizon structural story rather than an immediate market mover, but it speaks to the ongoing repricing of Canada’s trade relationships since the tariff dispute with Washington escalated. A deeper EU tie-up, if it advances, would represent a meaningful diversification of Canadian trade exposure away from the United States across goods, services,…

Mirae Asset Investment Managers (DIFC) non-executive director Swarup Mohanty and DIFC Authority CEO Arif Amiri. Credit: Government of Dubai Media Office. Mirae Asset Global Investments has opened an office in Dubai International Financial Centre (DIFC), adding a new base in the Emirates Financial Towers.  The location will support its work with investors in the Middle…

Investors are looking at sector-balanced dividend strategies to protect gains and establish durable yield. Speaking during a recent SS&C ALPS Advisors due diligence session, Danny Schwab and Kyle Kleckner outlined why an equal-weighted value rotation is fundamentally reshaping core equity allocations. The market environment has reached a crucial inflection point where top-heavy market-cap benchmarks no…

The extension adds a new condition. Borrowers must now affirm not only financial hardship but that the property securing the loan is uninhabitable because of the wildfire disaster.  For servicers, the operational changes run deeper than the timeline.  When a borrower seeks forbearance beyond 12 months, servicers may request additional documentation – but only if…

Atlas VMS is acquiring an artificial intelligence platform that protects lenders from government-sponsored enterprise repurchase risk by continuously monitoring active mortgage loan pipelines against live federal disaster data. Processing Content The valuation and mortgage solutions company bought CloseClear.ai, which matches loans against disaster areas at the ZIP and county level, with exact-coordinate precision when available,…

The purchasers, who had signed contracts between 2021 and 2023 with deposits ranging from about $35,000 to $205,000, argued the developer breached its ongoing duty under the act to promptly amend its disclosure statement whenever a material fact changed. They pointed to an undisclosed $12 million Canada Revenue Agency judgment from June 2023, a warranty-coverage…