The Housing Loan Center has achieved a record-breaking milestone by significantly increasing interest payments to over 37,660 workers between July 1, 2023 and June 30, 2024. Total interest payments this year have reached an astounding RMB 25.266 billion, recording a massive year-on-year increase of RMB 2.48 billion, marking an increase of 10.53%.A standardized interest rate of 1.50% based on the benchmark interest rate for one-year term deposits will be applied, in accordance with guidelines set by regulatory authorities such as the People's Bank of China, the Ministry of Housing and Urban-Rural Development and the Ministry of Finance.An interesting feature of…
Author: Private Lending Agent
The building at 608 S. Broadway in Denver has been sold. (Courtesy of SVN Denver Commercial) Want your sale or lease listed here? We've introduced a new process for submitting your deal. Fill out this form to get it listed in our pipeline next week and learn more about the deals we'll be accepting here. Featured Deals: Broadway 24 LLC purchased the 3,816-square-foot retail property at 608 S. Broadway from Mountain Operations Management Trust for $1.1 million. The buyer plans to create a showroom for his kitchen remodeling business. Mike Statter of Cresa and Jay Johnson of VanWest Real Estate…
Farm Capital Mortgage Investment Corporation/Distribution to U.S. news services or within the United States is prohibited/TORONTO, July 11, 2024 (GLOBE NEWSWIRE) — Firm Capital Mortgage Investment Corporation (the “Company”) (TSX: FC, “FC.DB.H”, “FC.DB.I”, “FC.DB.J”, “FC.DB.K” and “FC.DB.L”) today announced that it has filed a preliminary short-form base shelf prospectus with all provincial securities regulators in Canada, which will enable the Company to offer and issue up to $250 million worth of common shares, preferred shares, notes, underwriting certificates, warrants or units, or any combination of such securities, over a 25-month period, upon receipt of the Company's (final) short-form base shelf…
/Distribution to U.S. news services or within the United States is prohibited/ TORONTO, July 11, 2024 (GLOBE NEWSWIRE) — Firm Capital Mortgage Investment Corporation (the “Company”) (TSX: FC, “FC.DB.H”, “FC.DB.I”, “FC.DB.J”, “FC.DB.K” and “FC.DB.L”) today announced that it has filed a preliminary short-form base shelf prospectus with all provincial securities regulators in Canada, which will enable the Company to offer and issue up to $250 million worth of common shares, preferred shares, notes, underwriting certificates, warrants or units, or any combination of such securities, over a 25-month period, upon receipt of the Company's (final) short-form base shelf prospectus. The preliminary…
MUMBAI: Reserve Bank of India Governor Shaktikanta Das on Thursday suggested interest rates are likely to remain high for a long time. After retail price inflation rose 4.75% in May, Das said surveys show inflation is expected to be closer to 5% in June, when it is released on Friday. “I think it's premature to talk about cutting interest rates now when we are at 5% and our target is 4%,” Das said in an interview with CNBC. He also said that cutting interest rates would have a negative impact on “silent savers” – borrowers are usually the ones calling…
09:30 July 12 2024 Share article Share Today’s economic developments and market movements. Click here for the full Morning Report (PDF 193KB)Key themes: The tone was set by the unexpected fall in US headline inflation in June. The outcome suggests that the disinflationary impulse is quickly gathering momentum, supporting the case for US rate cuts in coming months. Markets have now priced in 62 basis points of rate cuts this year, compared with 48 basis points a week ago. US bond yields were lower across the curve. The US dollar declined on the back of the lower yields. The Aussie traded higher, while…
Many gamblers consider themselves to be pretty good at cards, and on planes to Las Vegas you'll see gamblers wearing cool, confident jackets, sometimes from major casinos, to show off that they're not new to the game. The same goes for real estate executives. They too believe they “know the game” and have the attitude that they can beat the house any time. Why wouldn't they? They've done it in the past. Their secret to success has never let them down. Plus, they have longtime advisors who know the game inside and out. What nobody realizes is that the game…
Many gamblers consider themselves to be pretty good at cards, and on planes to Las Vegas you'll see gamblers wearing cool, confident jackets, sometimes from major casinos, to show off that they're not new to the game. The same goes for real estate executives. They too believe they “know the game” and have the attitude that they can beat the house any time. Why wouldn't they? They've done it in the past. Their secret to success has never let them down. Plus, they have longtime advisors who know the game inside and out. What nobody realizes is that the game…
Mortgage financing availability increased in June, with the Mortgage Bankers Association's (MBA) Mortgage Financing Availability Index (MCAI) increasing 1 percent to 95.0. A decline in the index score indicates tightening lending standards, while an increase indicates easing credit. The index was calculated in March 2012 with a base value of 100. Credit availability for conventional loans increased by 2.0%, while credit availability for government loans decreased by 0.1%. In the conventional sub-index, jumbo loan credit availability increased 3.1%, while conforming loan credit availability decreased 0.3%. “Mortgage financing availability increased for the sixth consecutive month in…
The Consumer Financial Protection Bureau (CFPB) has broad authority under the Equal Credit Opportunity Act (ECOA) to prohibit discrimination against credit applicants and to prohibit discouragement of potential credit applicants. This gives the department greater enforcement power as it fights redlining policies, including in its lawsuit against Chicago-based Townstone Financial, according to court documents reviewed by HousingWire. In the summer of 2020, the CFPB filed a lawsuit against Townstone, alleging that the property violated Regulation B of the ECOA by receiving “few applications for properties in majority African-American neighborhoods in the Chicago-Naperville-Elgin Metropolitan Statistical Area (Chicago MSA) and few applications…