Pentiv launches US mortgage broker platform

More lenders are set to raise prices tomorrow as Moneyfacts revealed that the average two-year fixed rate is now at its highest point for more than two years. Molo Finance and Principality Building Society are the latest lenders to announce rate increases, but Leek Building Society is trimming prices tomorrow. Today’s figures from Moneyfacts confirm…

Starbucks investors would likely not be happy about the company adding debt to finance a deal to buy Chipotle, given that it already has a high debt load.

UAD 3.6, Reverse, AI, Co-Issue Products; Freddie Clocks in at $3.8 Billion; Morgan Stanley Did What in Mortgages? I was recently doing some bike riding in the Napa Valley and spent some time speaking with a wine maker. She told me that because of the increase in temperatures, growers are buying land to…

Key insight: As AI-assisted coding becomes more common and economically viable, the burden on automated testing suites increases. What’s at stake: The limiting factor in payment infrastructure will not be whether teams can produce more code. It will be whether they can prove that sensitive logic still behaves safely across the messy reality of production…

As of 11:37 AM ET, the Dow Jones Industrial Average (^DJI -0.83%) is down 0.88% to 51,962, the Nasdaq Composite (^IXIC -0.66%) has fallen 0.73% to 25,996, and the S&P 500 (^GSPC -0.44%) is trading 0.45% lower at 7,586 as concerns over high energy costs and AI scaling pressure indexes. Today’s Change (-0.44%) -33.39 Index…

Mortgage performance continues to improve in the third quarter, as delinquencies declined across all stages in July, a new industry report found. Processing Content The national delinquency rate dropped 16 basis points to 3.39% last month, Intercontinental Exchange’s latest first look report found. The rate was still 12 basis points above last year but 46…