New-home mortgage demand declines from May to June

Stablecoins five years ago represented a new form of money looking for a reason to exist. This week offered a different picture. The reason for stablecoins as a cash alternative is emerging precisely as the technology itself becomes harder to see. Across payroll, merchant acquiring, card networks, creator payouts and corporate treasury, stablecoins are being…

The major bank said that the changes would make it easier for new investors to enter the market and provide greater flexibility for those pursuing longer-term investment strategies. Under the updated policy, eligible borrowers can now access investment property loans with a 5 per cent deposit when paying lenders mortgage insurance (LMI), down from the…

Sharia-compliant finance provider StrideUp has improved its broker proc fee on houses in multiple occupation (HMO) and multi-unit freehold block (MUFB) cases. The firm will now pay a proc fee of 0.75% on cases submitted directly to the lender of 0.8% for submissions through a network or club, until 31 August. The enhanced fee is available to…

Key takeaway: The Columbus, Ohio, company completed the Cadence system conversion in late June, which should serve as a springboard to higher growth in the third and fourth quarters, executives said. Supporting data: The conversion gives Huntington much more control over and insight into more than 1.4 million deposit accounts acquired from Cadence.  Expert quote:…

When a declining church suggested converting its property in an affluent South Austin area into housing for low-income families, local homeowners opposed the idea—urging the Austin City Council to stop the initiative. Residents expressed concerns that the 64-unit development—located in a sought-after neighborhood just a block away from the South Congress shopping district—would clash with…