Investment properties drive upswing in mortgage fraud risk

Volatility has been the name of the game so far this year. And I’m not talking just about the stock market. Projections for what the 2027 Social Security cost-of-living adjustment (COLA) will be have also been all over the map. As a case in point, in January, The Senior Citizens League (TSCL), a nonprofit organization…

Key Points Shares of AbbVie (NYSE: ABBV) were bouncing along merrily for most of Thursday’s trading session, until news of a fresh demand from the White House quashed the rally. Initially, the market was cheered by better-than-expected quarterly results published by the company that morning. Ultimately AbbVie’s stock closed down slightly lower in price, roughly…

Barclays is cutting rates by up to 50 basis points tomorrow, while Landbay has made reductions of up to 35bps. When Nationwide Building Society dropped prices earlier this week on the back of lower swaps, brokers were hoping other major lenders would follow suit, however there have been moves in both directions. Halifax was among…

Currently, most homeowners change their clocks twice a year: forward by one hour on the second Sunday in March and back by one hour on the first Sunday in November.  However, this longstanding ritual may come to an end, thanks to the Sunshine Protection Act, which was passed by the U.S. House and aims to…

Transcription: Transcripts are generated using a combination of speech recognition software and human transcribers, and may contain errors. Please check the corresponding audio for the authoritative record. Penny Crossman (00:11):Hi, I’m Penny Crossman, tech editor at American Banker, and I am here with Kara Kennedy, who is global co-head of Connexus, which is JP Morgan…

Bank of England Leans Dovish As It Keeps Rates On Hold