Mortgage applications slide as rates near last year’s levels

The coming week is headlined by two events that have the potential to reshape expectations for Federal Reserve policy and drive volatility across the U.S. dollar, Treasury yields, equities, and precious metals. The first—and arguably most important—will be Tuesday’s June CPI report, released at 8:30 AM ET. Inflation remains the primary focus for both the…

Buy-to-let (BTL) lender Landbay has announced rate cuts of five basis points (bps) to 18 Premier products. Premier is a range of standard and house in multiple occupation (HMO) products for borrowers with up to 15 mortgaged properties, available to both individual and limited company landlords. The 18 products cover five-year fixed rates, available…

Delivering the news on new foreclosure-prevention tool going into a mortgage helps you strengthen your relationship with Veterans long-term

Insurance company Hiscox is benefiting from a volatile global backdrop that means firms want to make sure that their assets – from their factories to the goods and services they sell – are properly insured. Meanwhile, the rise of the digital economy has created new types of insurance, such as protection against cyberattacks. It may…

Lincoln Property Co. has purchased Charlotte-based developer The Spectrum Cos. in a deal that Lincoln says will help it grow its footprint across the Carolinas. Dallas-based Lincoln will combine its Carolinas platform with Spectrum and will also include Spectrum’s northern and central Florida multifamily business, Lincoln said in a Tuesday press release. The companies say…

News release The Prudential Regulation Authority (PRA) has today published a consultation on the internal model approach to market risk (IMA), which represents the final piece of Basel 3.1’s implementation in the UK. Under Basel 3.1’s market risk rules – often referred to as the Fundamental Review of the Trading Book – banks calculate how…