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12:10 AM, 2nd September 2026, 2 hours ago Guarantor reliance for tenants has doubled in the last 18 months as landlords look for greater financial security. Data from HomeLet reveals the share of accepted applications requiring a guarantor has risen from around 9% in January 2025 to 18.4% in July 2026, with almost one in…
Amir Nurani, broker-owner at Left Coast Leaders in California, told Mortgage Professional America in April that the current environment represents normalcy, not an aberration. “I think the current rate environment where we’re in the high-5s or low-6s, those are normalized rates for conventional mortgages,” Nurani said. “Those are not high rates. We’re going to be in…
Trading in Turkish lira against the yen reached 666,619 contracts on Tokyo Financial Exchange’s Click 365 in August, up 235.4% from a year earlier. TRY/JPY ranked first by contract count for a fifth consecutive month, while the Mexican peso, South African rand and Hungarian forint also remained ahead of the euro and pound on the…
Half of Americans are living paycheck to paycheck and nearly three in four expect no change a year from now, according to a survey of 1,000 adults published in August by Clever Real Estate, a nationwide real estate company. For mortgage brokers, the findings map a financial fault line running directly through the…
OpenAI to launch new AI model Astra ‘soon,’ CEO Altman says
Every company in tech watches out for OpenAI. SB Energy can’t look away. The data center developer filed its prospectus to go public on Monday, and it’s uniquely intertwined with the AI lab behind ChatGPT, according to figures from the new filing. Everywhere SB Energy turns, there’s OpenAI: leasing data center capacity, owning billions of…
Key insight: House Republicans are proposing to overhaul the CFPB’s funding structure. What’s at stake: The package includes a number of reforms wanted by banks, including limiting some of the bureau’s authority to regulate “abusive” practices and providing a safe harbor for some small dollar lending products offered by depository institutions. Forward look: The package…
More War. More Selling Tue, Sep 1 2026, 4:50 PM Tuesday was as straightforward as it was unpleasant for the bond market. Mid-day news regarding new air strikes in Iran caused an immediate reaction in oil prices. This was more than enough to reverse the rally that followed this morning’s 10am ET…
Apple is joining Google in taking the plunge into controversial waters. On Tuesday, Apple Maps changed the name of Lake Ontario to “Lake America.” The move follows President Donald Trump‘s recent executive order, which he issued amid a trade war with Canada. Earlier Tuesday afternoon, the lake was still labeled Lake Ontario on the map…
The squeeze on first-time buyer affordability reached its most severe level since the global financial crisis in June, according to new data from UK Finance. Mortgage payments for the typical first-time buyer amounted to 22.6% of gross income, the highest proportion recorded since the financial crisis took hold. However, gross lending is broadly on track…