Canada’s job loss throws October rate hike into doubt
Back-to-back job losses hand the Bank of Canada a pivotal signal before October 28
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Judge Rejects Mark Harounian’s King Arguments
A New York state judge had some harsh words for a Great Neck real estate scion who claimed he could take money from his family’s business to live as a “king or better.” Judge Joel Cohen recently issued a decision after a trial in an 11-year legal battle between Mark Harounian and his sister Mehrnaz…
The Retail Payments Infrastructure Board launches consultation on the next generation UK payments infrastructure
News release Today marks a major milestone in the modernisation of the UK’s payments landscape, with the Retail Payments Infrastructure Board (RPIB) launching a consultation on the future design of the UK’s next-generation retail payments infrastructure. The new infrastructure will provide a secure foundation for innovation, greater choice and more seamless payments, while supporting existing…
Montreal SPCA calls to end rental rules that bar pets as abandoned animal tally soars
The local branch of the Society for the Prevention of Cruelty to Animals says it is dealing with more than double the number of abandoned animals that it typically registers daily. SPCA executive director Sylvie Bourbonnière says that while it ordinarily takes in about 20 pets in a 24-hour period, it’s been receiving at least…
Pulte: ‘cartel-like’ bureaus should cut costs, eyes bi-merge
Federal Housing Finance Agency Director Bill Pulte is renewing calls for lower credit reporting costs, calling the bureaus “cartel-like” as he shows new interest in tri-merge alternatives. Processing Content “Equifax, Experian, and TransUnion have been overcharging Americans for far too long. This will end soon. We are seriously considering bi-merge, and stronger solutions,” Pulte said…
Starwood names Tim Abram head of asset management, Europe
Tim Abram will oversee a broader European asset management remit as Starwood Capital continues deploying its latest $10.2 billion opportunity fund. CRE Herald Market analysis, deal insights, and sector research trusted by fund managers, asset managers, and senior executives. Subscribe Now Login To Unlock The Content! …
Oil prices push mortgage rates to one-year high, applications slide
“This upward trajectory in rates continues to significantly impact refinance borrowers, with a 10% decline in refinance applications, including a steeper drop in government refinances,” said Joel Kan, CMB, vice president and deputy chief economist at the MBA. “Despite housing inventory increasing in certain markets, higher rates have added to ongoing affordability challenges for many…
