Howard Hanna expands into northern New England with Portside
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Budget tax overhaul fuels rise in property advice spruikers
As new tax reforms reshape the property landscape, more investors are now chasing cash flow over capital gains, opening the door for spruikers promoting risky, one-size-fits-all solutions. The federal budget changes to negative gearing and capital gains tax (CGT) have pushed investors to review their strategies, with many now assessing high-yield properties rather than long-term…
Mortgage Rates End Week Roughly Unchanged
Rates are based on bonds and bonds have been taking cues from oil prices this week. Oil was flat overnight, bringing bonds along for the sideways ride. As such, the average mortgage lender began the day almost perfectly in line with yesterday’s latest levels. All that having been said, bonds experienced some of their own…
Union Home CEO expects more M&A after AmeriTrust deal
The addition of the assets of AmeriTrust Mortgage will allow Union Home Mortgage to expand its ability to produce non-qualified mortgages, CEO Bill Cosgrove said. Processing Content The transaction was first reported by HousingWire. Financial details were not disclosed. This is the latest mortgage company buy for Union Home. In September, it purchased the origination…
Canadian banks too rich after searing 66% run, Jefferies says
By Stephanie Hughes (Bloomberg) — Canada’s biggest bank stocks are running out of runway as valuations have fully priced in future growth, according to analysts with Jefferies Securities Inc. Canadian lenders currently trade at an average of 15.3 times their projected earnings over the next 12 months, 50% above the historical average, analyst John Aiken…
Ten Days to the GENIUS Act Deadline: What the Draft Rules Already Reveal
Ten days remain before the statutory deadline for federal agencies to publish the implementing rules under the GENIUS Act. As of this week, the rulebook is still missing, leaving stablecoin issuers to prepare against proposed texts rather than binding regulations. Seven federal agencies – the OCC, FDIC, Federal Reserve, NCUA, Treasury, FinCEN and OFAC –…
Security Home Mortgage, CCBank to rebrand as Accordia
Utah’s Security Home Mortgage and its parent company, Capital Community Bank, announced a strategic rebranding of their businesses to unify the financial institution under a single identity. Processing Content Beginning Aug. 17, the businesses will be known as Accordia Mortgage and Accordia Bank. Corporate leaders said the decision was driven by the company’s growth and…
