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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…
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Mortgage repayments were found to be the biggest source of financial pressure for UK homeowners, with more than half worrying about meeting payments at least once a month, according to research from L&C Mortgages. L&C surveyed 1,001 UK mortgage holders in July. The results highlighted the extent of stress caused by mortgage repayments. The…
Rescue Efforts Continue as Colombia Earthquake Survivor Search Enters Day Three Ongoing Search and Rescue Operations in Cali By Julia Symmes Cobb and Santiago Limachi Race Against Time to Find Survivors CALI, Colombia, Aug 12 (Reuters) – Colombian rescue teams raced on Wednesday to find survivors still trapped beneath collapsed buildings two days after a…
Thousands of households living near new or upgraded electricity pylons and power lines are set to start receiving an energy bills discount worth £250 a year. The government has revealed the first locations where outdated electricity infrastructure will be upgraded, with households living close to these projects eligible for money off their bills. The scheme…
SoftBank CEO Masayoshi Son and OpenAI CEO Sam Altman attend an event to pitch AI for businesses in Tokyo, Japan Feb. 3, 2025. Kim Kyung-Hoon | Reuters Silicon Valley leaders from Elon Musk to OpenAI CEO Sam Altman have hyped the deflationary effects of the artificial intelligence boom. “Intelligence too cheap to meter is well…
Key insight: The FDIC is in early conversations to create standards for bank tech providers through an independent standard-setting body and an assessor for vetting fintechs on behalf of smaller banks. What’s at stake: According to the agency, the initiative may be particularly valuable to community banks that might not otherwise have the resources or…
An Uptown Manhattan landlord has purchased a Little Italy office building. Washington Heights-focused Artifact Real Estate Development purchased 165 Grand Street for $28 million from Bijan Nassi of Bijan Royal, according to a deed filing in property records Tuesday afternoon. SEE ALSO: Looking Past the Noise: A More Nuanced View of Multifamily Nassi, a controversial residential…
The Consumer Price Index rose 0.1% in July, rebounding from a 0.4% decline in June, the U.S. Bureau of Labor Statistics reported. Over the past 12 months, the index increased 3.4%, down slightly from 3.5% in June. Shelter costs rose 0.1% in July, accounting for roughly two-thirds of the monthly increase, while food prices also…