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Asset-Based Loan, Loss Mit, Verification, AI-Native Execution; On-Site Events for your Calendar; Inflation Data One of the panels during this year’s California MBA Western Secondary focused on the ramp up of non-Agency/equity lending. Why has it increased as a portion of the overall residential origination pie? It is attributed to a changing economy…
Tokenization is a technology aimed at disintermediation. The act of migrating assets onto a blockchain, not the tokenization that underpins card security. Tokenizing a real-world asset means that the traditionally costly machinery standing between buyer and seller can disappear. As tokenized finance moves from demonstration projects toward institutional infrastructure, however, banks, stablecoin issuers, exchanges and…
Mortgage credit availability rose in July, driven in part by improved government mortgage availability. That’s according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology. According to the MBA, the MCAI rose by 2.5% to 108.4 in July. The MBA said that…
President Donald Trump, a longtime New Yorker who shifted his permanent residence to Florida in 2019, is taking aim at New York City’s pied-à-terre tax. The president railed against the controversial surcharge for second homes in a Truth Social post reported by Politico. His latest jab at a policy by Mayor Zohran Mamdani could be…
There is a quiet revolution happening in the background of financial services, and most brokers are sleeping on it. You do not need to hire a developer, spend months writing a project brief, or blow your budget on software that was built for someone else’s workflow. The capability is called vibe coding, and it…
Accord Mortgages reduced its product rates from its residential and buy-to-let (BTL) ranges, by up to 18 basis points (bps). On fixed rate residential products up to 75% loan to value (LTV), reductions of up to 10bps were made. House purchase deals above 80% LTV saw reductions of up to 11bps whilst remortgage options…
StoneX Group (NASDAQ: SNEX) said Wednesday that it has agreed to acquire Banco Travelex S.A., marking a major step in its push to grow across Brazil’s payments and foreign exchange markets. Banco Travelex holds the distinction of being Brazil’s first bank focused solely on foreign exchange, regulated by the Central Bank of Brazil. The acquisition…
Navratna PSU giant National Aluminium Company, popularly known as NALCO witnessed a strong buying trend on Wednesday. NALCO skyrocketed by nearly 9% on BSE on August 12, tracking a broad-based buying trend in metal stocks after Norway-based aluminium and energy company Norsk Hydro ASA announced that its Brazil-based Alunorte alumina refinery has trimmed output to…
Sharia-compliant finance provider StrideUp has improved its broker proc fee on houses in multiple occupation (HMO) and multi-unit freehold block (MUFB) cases. The firm will now pay a proc fee of 0.75% on cases submitted directly to the lender of 0.8% for submissions through a network or club, until 31 August. The enhanced fee is available to…
Two Harbors Investment is fighting fire with fire, calling the lawsuit filed by UWM Holdings Corp. over their failed merger “frivolous” and saying its misgivings regarding the Pontiac, Michigan-based company have “been thoroughly vindicated.” Processing Content UWM filed its case in the U.S. District Court of Maryland, alleging willful breach of contract and fraud, seeking…