Eureka FY26 slides: rental growth drives 29% EBITDA gain
Eureka FY26 slides: rental growth drives 29% EBITDA gain
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Leaving your mortgage renewal too late narrows your options
The Bank of Canada has also projected that roughly two thirds of borrowers renewing in 2026 could see their payments increase, with average hikes near 20% for holders of five-year fixed-rate mortgages. For brokers working with clients through renewal, when homeowners start the process matters as much as which product they ultimately choose. Leah Zlatkin,…
Nationwide and Virgin Money cut mortgage rates – round-up
Nationwide has lowered fixed mortgage rates by as much as 0.19% and selected tracker deals by up to 0.12%. Reductions to fixed rate deals apply to its two-, three-, five- and 10-year deals. This includes a two-year fixed remortgage with a £999 fee, which has been lowered from 5.14% to 4.99%. At 60% LTV,…
A veteran broker on what separates the originators who survive a down cycle
Amir Nurani (pictured top), broker-owner at Left Coast Leaders in San Diego, said the numbers are already pointing in one direction. Originator licenses are renewed every year, which makes the headcount easy to track, and he expects to see that number decline. “I think we are going to see a minimum of a 10% decline…
New Home Sales Unexpectedly Rise 1.6% in June
According to the Census Bureau, new home sales were at a seasonally adjusted annual rate of 628,000 in June. This represents a 1.6% increase from May’s upwardly revised rate of 618,000 but a 5.6% drop from the previous year. The latest reading was higher than the forecast of 609,000. Key Takeaways New home sales rose…
Largest U.S. Office-To-Resi Conversion Under Threat of Structural Collapse – Commercial Observer
The largest office-to-residential conversion project in the U.S. is facing a structural emergency. Metro Loft and David Werner‘s conversion at the former Pfizer headquarters in Midtown halted abruptly on Tuesday morning preceding reports of buckling support columns and sagging floors at the property at 235 East 42nd Street and 219 East 42nd Street, local news outlets reported. SEE…
Hammack calls for immediate rate hikes to curb above-target inflation
Mike Fratantoni, SVP and chief economist at the Mortgage Bankers Association (MBA), told Mortgage Professional America following the July vote that the committee’s direction has become unmistakable. “The FOMC’s decision to hold the federal funds target at its current level, coupled with the three dissents at this meeting, with each of these dissenting members preferring…
