VA loans offer growth path for mortgage brokers, AIME panel says
Hong Kong Exchanges and Clearing (HKEX) has posted record results for the six months ended June 30, 2026, with profit attributable to shareholders rising 24.1 percent year-on-year to HK$10.57 billion, ahead of market expectations of HK$10.15 billion. Revenue and other income also reached a half-year high of HK$16.7 billion, up 18.7 percent from the same…
Federal Reserve Chairman Kevin Warsh testifies during a Senate banking committee hearing on Capitol Hill, in Washington, July 15, 2026. Ken Cedeno | AFP | Getty Images Federal Reserve Chairman Kevin Warsh on Wednesday declined to say in a Senate banking committee hearing whether he has spoken with President Donald Trump since becoming chairman, but…
(RTTNews) – European stocks held steady on Wednesday as the recent rally in crude oil prices paused, and bond yields eased from recent highs ahead of the Federal Reserve’s interest-rate decision later in the day. The British pound weakened against other major currencies after official data showed that the U.K. consumer price inflation rose to…
“Mortgage rates and applications changed little last week, with just a slight increase in refinances for conventional and VA loans, while FHA refinances were lower,” said Joel Kan, CMB, MBA’s VP and Deputy Chief Economist. “Borrowers with larger loan sizes remain less likely to refinance with rates at these higher levels. The average loan size…
When Mayor Zohran Mamdani on Thursday announced the “transfer” of a rent-stabilized portfolio, I thought: Have the socialist property seizures begun? In one sense, yes, because the mayor is dangling city resources to steer buildings plagued by frozen rents to a buyer he likes. And because he likes the buyer, he is cheering the $86,000-per-unit…
OpenAI CEO Sam Altman told employees in a company-wide meeting that the firm is considering slowing down its development of cutting-edge artificial intelligence, Bloomberg reported Friday (Sept. 11), citing unnamed sources. Altman said that he hopes other AI labs will join OpenAI in the slowdown, but that some may not do so, according to the…