USDCAD is lower on the day, but getting a modest lift after another higher inflation reading

Housing expectations slip while personal finances hold firm in September’s Nanos survey

The phrase “down valuation” has become part of everyday mortgage market language. It is an easy piece of shorthand whenever a valuation comes back below an agreed purchase price or below what a homeowner believes their property is worth. The trouble is that, from a valuer’s perspective, there is no such thing as a “down valuation”. …

Specialist funder Iron Bridge Finance has launched a property development business that focuses on opportunities in London and the South East. The company has a particular interest in development opportunities in London zones 1-3 valued between £1m and £20m. Iron Bridge London will acquire sites either unconditionally or subject to planning and will also…

Key insight: The department says the guidance creates no new obligations. It describes how examiners read requirements already in Part 500. Supporting data: The department fined Order Express $250,000 under an Aug. 3 consent order, after a September 2022 ransomware attack encrypted just over half the company’s servers. Forward look: An exemption from parts of…

Jensen Huang is feeling spendy. In the span of a few weeks, the Nvidia CEO has committed billions to deals and investments — with more potentially right around the corner. The spending spree shows how far Nvidia is expanding beyond chips and raises a bigger question: how much of the AI ecosystem does it want…

The number of new build housing developments is at its lowest level since January 2017, according to Rightmove research. This is despite the Labour government’s plans to build more than 1.5 million homes during this parliament. Rightmove analysis tracked the number of housing developments listed on its website for sale for over 10 years, not…