The mortgage industry’s operational reboot is underway
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Australia’s mortgage sector has been rocked by suspected fraud, with a regulator potentially finding hundreds of millions of dollars in fraudulent home loans. A joint analysis of data from 10 major Australian banks by the Australian Transaction Reports and Analysis Centre’s (AUSTRAC) Fintel Alliance found potentially hundreds of millions of dollars in suspected fraudulent home…
The Bank of Canada held its overnight rate at 2.25% on Wednesday, July 15, its sixth consecutive pause since the cutting cycle ended in October 2025. As economists broadly anticipated another hold, reaction arrived quickly, with commentary dividing between cautious optimism on the growth outlook and sharper urgency around fixed-rate mortgages. …
US President Donald Trump speaks before signing an executive order calling for more research and flexibility on vaccines, in the Oval Office of the White House in Washington, DC, on August 10, 2026. Jim Watson | Afp | Getty Images President Donald Trump said Monday the U.S. Navy had swept the Strait of Hormuz clear…
Dwight Investment Management, an affiliate of Dwight Capital, closed the loan for the Seventeen Hundred on East property that opened in January with 295 luxury apartments and 6,500 square feet of retail space. Loan proceeds were used to retire existing construction debt, fund an interest reserve and provide cash-out proceeds, according to Dwight. Josh Hoffman,…
September arabica coffee (KCU26) today is up +9.60 (+3.06%), and September ICE robusta coffee (RMU26) is up +33 (+0.88%). Coffee prices are sharply higher today on concern that heavy rain in Brazil will further disrupt the country’s coffee harvest and tighten global supplies. Somar Meteorologia reported today that 32.4 mm of rain, or 2700% of…
Hanwha, Fincantieri Shares Surge as Trump Opens US Navy Shipbuilding to Foreign Yards Foreign Shipbuilders Gain Access to US Navy Contracts By Mike Stone WASHINGTON, Aug 14 (Reuters) – Shares of South Korea’s Hanwha Group and Italy’s Fincantieri rose on Friday after President Donald Trump’s directive opening U.S. Navy shipbuilding to overseas yards. The companies…