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Dominion Lending Centres’ $58.5-million acquisition of mortgage technology provider Filogix has put two of Canada’s most widely used mortgage submission platforms under common ownership. DLC Group founder and CEO Gary Mauris told Canadian Mortgage Trends that Filogix will remain separate from Velocity and continue serving brokers across competing networks. However, others in the mortgage technology…
Gulf Maritime Shipping Holds Steady Despite Uncertainty in Peace Negotiations Current Status of Shipping Traffic in Middle Eastern Maritime Chokepoints Strait of Hormuz: Vessel Movements and Trends SINGAPORE, Aug 5 (Reuters) – Shipping traffic at the key Middle Eastern maritime chokepoints of the Strait of Hormuz and the Bab el-Mandeb was little changed on Tuesday…
The Reserve Bank of Australia (RBA) has announced a second cash rate hike of 2026, making rare back-to-back moves in February and March. The decision will likely impact variable rate mortgage holders, with two thirds of 2025’s easing now wiped from play due to stubborn inflation and energy price risks. Five of the RBA board’s…
Zions Bancorporation, National Association has declared the successful completion of its previously announced acquisition of the agency lending platform belonging to Basis Multifamily Finance I, LLC, a subsidiary of Basis Investment Group, LLC, collectively referred to as “Basis,” which operates as a national commercial real estate debt and equity investment platform. Harris Simmons, Chairman and…
Macquarie Bank has announced it will pass on the RBA’s March cash rate increase – a 25 basis point lift – in full to its variable rate customers. Macquarie borrowers will see the change applied from 2 April, 16 days after the RBA announcement. That maintains the bank’s pattern of slower responses to monetary policy…
BigBear.ai: Execution Challenges Are Evident
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Asia Shares Soar Amid Tech Rally; Oil Drops With Strait of Hormuz Hopes Market Movements and Economic Updates By Wayne Cole Asian Stock Markets Surge SYDNEY, Aug 5 (Reuters) – Asian stock markets jumped on Wednesday as strong earnings and a resurgence of demand for tech lifted Wall Street to record peaks, while hopes for…
The younger generation supporting their parents or grandparents with mortgage affordability is a growing trend, and with the need for multi-generational borrowing on the rise, the market must be better served, it was said during a discussion. During a video discussion, Family Building Society said that families are increasingly coming together to support each…
Alexandria Real Estate Equities posted another bruising quarter, underscoring just how far the life sciences real estate market has fallen from its pandemic‑era peak. The REIT swung to a $73.7M loss in the second quarter, saw net operating income drop 10%, and continued to face delays in selling property, all signs of a sector still…