Lucid appoints three executives to leadership roles
Lucid appoints three executives to leadership roles
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Skipton BS cuts rates and expands range – Mortgage Strategy
Skipton Building Society has announced a series of rate reductions across its entire fixed rate mortgage range, alongside the recent expansion of its Delayed Start Mortgage proposition. From Friday 25 September, rates across Skipton’s fixed-rate mortgage range for new and existing customers will reduce by an average of 0.15%. The changes follow the launch earlier…
Elevated Housing Demand Fueling Record-High Home Prices
In June, the median sale price of homes in the U.S. increased by an estimated 2.2% compared to the previous year, reaching a new record high of $408,776, according to Redfin. The U.S. existing-home sales increased by 0.1% month-over-month (MoM), reaching a seasonally adjusted annual rate of approximately 4.4 million, marking the highest level since…
Smallest standalone bank in America fails
Key insight: Kentland Federal Savings and Loan Association failed Friday and was acquired by a local bank in an FDIC-assisted transaction. Supporting data: The thrift held $3.73 million in assets and $3.65 million in deposits as of March 31. The FDIC estimates the failure will cost the Deposit Insurance Fund about $1.2 million. Forward look:…
CSS extends valuer partnership with Coventry BS – Mortgage Strategy
Countrywide Surveying Services (CSS) has extended its long-standing relationship with Coventry Building Society. Under the renewed contract, CSS will continue to deliver valuation services in support of the society’s residential and buy-to-let mortgage lending activity across the UK. The contract also incorporates Co-op Bank, which is now a subsidiary of the society. CSS managing director…
Consumer Sentiment Jumped 10% in July Before Gas Price Hikes
Consumer sentiment improved by 10% in early July, marking the second consecutive month of 10% jumps, according to preliminary results for the month from the University of Michigan’s Surveys of Consumers. The Index of Consumer Sentiment was gauged at 54.4, the highest reading since February’s 56.6. July’s improvement was driven by “easing price pressures at…
Housing affordability squeeze tightens for Canadian mortgage holders
Drew Donaldson, Mortgage Broker and Principal at Donaldson Capital, says higher bond yields are creating pressure on mortgage rates, but he still expects a strong finish to the year for the housing market.https://t.co/q5VXAziOZB — Canadian Mortgage Professional Magazine (@CMPmagazine) September 17, 2026 First-time buyers face steeper odds The 2024 survey documents a sharp…
