FOA leads July HECM endorsements; HMBS issuance still weak
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Canadian consumer confidence climbs despite tariff threat
The underlying individual measures reflect the same split. On personal finances, 13.96% of respondents said they were better off than a year ago, up from 11.63% four weeks earlier and above the 2026 average of 13.62%, though still below the long-run benchmark of 17.34% since 2008, according to Nanos. Views on the Canadian economy were more…
Insurance Shock Is Eating Cash Flow Away—This Surprising Market is Facing the Brunt of It
In This Article Editor’s Note: Thanks for reading! As a special offer for our readers, save $100 on your ticket to BPCON2026—BiggerPockets’ annual real estate investing conference—using code MYRE100 at checkout. As if interest rates and house prices were not enough of a reason to think twice about investing in real estate, soaring insurance costs are slicing through cash…
1 of many steering cases against Zillow dismissed
A federal judge granted a motion to dismiss one of the lawsuits accusing Zillow of a kickback scheme that steered borrowers to its more expensive in-house financing business and affiliated agents. Processing Content U.S. District Judge James Robart found the complaint lacked statutory standing for a Real Estate Settlement Procedures Act claim and the plaintiffs…
U.S. Pending Home Sales Rise to Highest Level in 6 Weeks
Pending home sales ticked up as housing payments temporarily dipped down. U.S. pending home sales rose 1.3% from a week earlier to their highest level since the first half of May during the four weeks ending July 5. This data is seasonally adjusted. Homebuying demand picked up partly because of temporarily declining mortgage rates. The…
New York Sues Kalshi Over “Illegal Gambling Operation” Claims | LeapRate
New York has filed a lawsuit against prediction market platform Kalshi, accusing the company of running an “illegal, unlicensed gambling operation” within the state. The suit, announced Friday by Governor Kathy Hochul and Attorney General Letitia James, seeks to halt Kalshi’s operations in New York and force the company to forfeit profits earned there. The…
Munis little changed, $2.4B Aquarion deal prices
Munis were little changed Tuesday as U.S. Treasuries firmed and equities ended higher after a cooler-than-expected inflation print. Processing Content Muni yields were changed up to two basis points, depending on the curve, while UST yields fell two to 10 basis points, with the largest gains on the front end. Munis were fairly stable, but…
