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Shift to variable, shorter-term mortgages raises borrowers’ rate exposure: CMHC
Variable rates and shorter fixed terms now account for the large majority of new uninsured mortgages in Canada, according to an analysis by Canada Mortgage and Housing Corporation. Aled ab Iorwerth, Deputy Chief Economist at CMHC In the first quarter of 2026, 35.5% of new uninsured mortgages had variable rates, while 49.5% had fixed terms…
Landlord purchase mortgage searches fall 22%
12:01 AM, 17th September 2026, 6 hours ago Buy to let purchase mortgage searches fell 22% year on year in August, while searches for landlord remortgages dropped 8%. Twenty7tec recorded 70,452 buy to let purchase searches and 161,157 remortgage searches during the month. Combined, they totalled 231,609, down 12% from August last year. Both categories…
Big six bank moves to buy back $10 billion of its own shares, pending OSFI approval
As of the close on May 29, RBC had repurchased 19,168,210 shares under its previous 35 million share bid at a volume weighted average price of approximately $215.85. Scotiabank announced on April 2 that OSFI and the TSX had approved a bid to repurchase for cancellation up to 15 million common shares, with purchases commencing…
Borrower alleges UWM ignored her billing dispute, then wrecked her credit
What she is chasing The lawsuit stacks seven causes of action. Two are federal – one under RESPA, one under the FCRA. The remaining five run through Michigan state law: intentional infliction of emotional distress, negligence, negligence per se, defamation by libel, and malicious statutory libel under Michigan’s M.C.L. Section 600.2911. The RESPA count boils…
Neugestaltung des Netzwerkwerts für neues Wachstum im Zeitalter der KI
WIEN, 16. Oktober 2026 /PRNewswire/ — Im Rahmen der „Network X 2026″ veranstaltete die World Broadband Association (WBBA) in Wien den Broadband Development Congress (BDC). Auf dem Kongress hielt Bob Chen, President der Produktlinie „Optical Business” bei Huawei, eine Grundsatzrede mit dem Titel „Reshaping Network Value for New Growth in the AI Era.” Er betonte…
Internal Oracle Document Spells Out What Happens to Laid-Off Employees
Oracle employees caught in the company’s latest round of layoffs now know exactly what they’ll leave behind and what they’ll take with them. An internal FAQ document viewed by Business Insider lays out more details for staff impacted, including severance capped at 26 weeks, canceled stock awards, lost bonuses, and deadlines for exercising vested options….
