New CRA proposal shifts focus to lending, limits grant credit

New home sales rebounded modestly in June, recovering some of the previous month’s decline, though activity remained below year-ago levels as elevated mortgage rates and affordability challenges continued to weigh on demand. According to the latest Census Bureau and HUD data, sales of new single-family homes rose to a seasonally adjusted annual rate of 628,000,…

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…

Mercer Global Advisors, the Denver-headquartered registered investment advisor with $110 billion in assets under management, has released Aspen 2.0, the second generation of its proprietary, unified operating system, which the firm has been working on for the last year and a half. The new version is artificial intelligence-native, meaning it was built with the explicit…

That specificity matters more this year than most. CMHC has projected that 1.15 million mortgages will come up for renewal across Canada in 2026, the largest single-year cohort on record, a wave that’s reshaping which broker behaviours are worth recognising. Newcomers to Canada are also the fastest-growing borrower segment, a trend detailed in CMP’s feature…

Finova has launched a whole-of-market application service powered by artificial intelligence (AI), which it says will “transform” how brokers submit cases. The AI agent is built around the strapline ‘stop keying in mortgage applications – just submit them in one click’ and aims to remove the need to manually key in data on UK…

A bounce back in sales and leasing activity helped JLL nearly double its net income in the second quarter, the brokerage giant announced Thursday.  Net income was $215.6M in the second quarter, up 92% from the same period last year, helped by a 24% bump in revenue from its leasing business and a 19% increase from…