Mortgage
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Six major banks cut prime rate by 25 basis points following Bank of Canada action
Following the Bank of Canada’s latest interest rate cut of 25 basis points, Canada’s six largest banks and many other…
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National Bank refreshes executive ranks as long-time leader Lucy Blanchett retires
Lucie Blanchet, executive vice president of personal banking and customer experience, will retire after 23 years with the agency and…
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Foster care income: How conventional and FHA mortgages handle it differently
For some families, foster care income is an important and reliable source of family income. However, when it comes to…
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Resi first charge and BTL mortgage complaints both up 27%: FoS – Mortgage Strategy
The Financial Ombudsman Service (FoS) reported a 27% increase in complaints against both residential first charge mortgages and buy-to-let (BTL)…
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Bank of Canada cuts interest rate to 2.25%, interest rate “about appropriate” level
Author: Erik Hertzberg and Nojoud Al Mallees (Bloomberg) — The Bank of Canada cut interest rates as it sees the…
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UTB Promotes Mirakian to Become a “Broker Champion” – Mortgage Strategy
United Trust Bank has promoted Caroline Mirakian to director of mortgage, BTL and bridging proposition and marketing, with a remit…
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Lenders lower BTL rates after Tenants Bill of Rights becomes law – Mortgage Strategy
YBS Commercial Mortgage and other lenders have cut buy-to-let (BTL) rates after the Tenants’ Bill of Rights became law earlier…
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Fed expected to cut rates, but no additional signal
Maria Eloisa Capullo (Bloomberg) — Two things are expected from this week’s Federal Reserve meeting: Officials will cut interest rates…
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Bank of Canada expected to make budget cuts ahead of Carney
Eric Herzberg (Bloomberg) — The Bank of Canada is likely to cut interest rates to help an economy suffering more…
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PRA moves closer to easing small bank lending rules – Mortgage strategy
The Prudential Regulation Authority is inching closer to the regime it will use to relax rules for smaller lenders to…
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