Aptus Value Q1 FY27 slides: profit jumps 19% but NPAs rise
Aptus Value Q1 FY27 slides: profit jumps 19% but NPAs rise
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India’s US Treasury holding hits a 6-year low amid gold push
Mumbai: India’s holdings of US Treasuries fell to $181 billion in April, the lowest level in nearly six years, data from the US Federal Reserve showed. A reduction in US debt was offset in part by an increase in bullion stockpiles, reflecting India’s portfolio diversification strategy for foreign assets. New Delhi’s holding of US Treasuries…
Kansas bank becomes second in a week to fail, fourth this year
Key insight: Small Business Bank in Kansas, with $73 million in assets, failed Friday, the fourth failure this year. Supporting data: The failure will cost the Deposit Insurance Fund roughly $5.7 million, about 8% of the firm’s total assets at the time of failure. Forward look: The fourth failure makes 2026 the worst year for…
Unregistered broker fined $55,000 for BC mortgage activity
Makkar was first registered as a submortgage broker in October 2013. In October 2021, she renewed her registration under Centum Mortgage Solution (1183335 B.C. Ltd.) in British Columbia. On or about January 23, 2023, Centum Mortgage Solutions shut down operations and terminated its brokerage licence. Two days later, BCFSA notified Makkar by email that she…
Mortgage Rates Near 1-Year Highs
Interest rates are based on bonds. Because the bonds underlying the average mortgage are fixed rate, inflation is the enemy. Imagine you’re an investor fronting the money for a fixed-rate mortgage. You know your schedule of payments from day one. Let’s say the payment is $5 or enough to buy a dozen eggs. Now let’s…
Mortgage Brain’s Uinsure integration streamlines insurance quoting for brokers
Mortgage Brain has integrated Uinsure into its CRM Brain platform, enabling brokers to generate buildings and contents insurance quotes as part of the mortgage application process without leaving the system. The integration allows brokers to offer clients an insurance quote immediately after a mortgage application has been submitted through CRM Brain. Quotes can be…
Barclays and Clydesdale increase selected rates – round-up
Barclays has increased rates across a wide range of residential, buy-to-let (BTL), remortgage and existing customer products, with most rises ranging from 0.07 to 0.14 percentage points. Barclays has increased rates on 79 mortgage products in total. The largest increases are 0.14 percentage points, affecting many residential purchase and Green Home mortgages, while tracker…
