Home buying
September's market showed surprising stamina, according to a recent Zillow report, with buyers and sellers remaining active despite what is traditionally the start of the slow season in real estate. The boost in activity can be attributed to a September dip in mortgage rates paired with a stock
Financial markets
The Corporation is pleased to announce its entry into an agreement to sell, on a bought deal basis, $20,000,000 aggregate principal amount of 5.50% convertible unsecured subordinated debentures due December 31, 2032, at a price of $1,000 per Debenture. The net proceeds of the offering will
Mortgages
In a rapidly evolving mortgage rate landscape, three-year fixed mortgages are gaining prominence as a viable option for borrowers seeking fixed rates. Daniel Vyner, principal broker of DV Capital Corp., notes that the flexibility in pricing for three-year terms is higher than for five-year terms, potentially indicating lenders' consideration
Securities law
The Benchmark 2020-B16 Mortgage Trust, a Delaware-based entity, has filed a FORM 8-K (Current Report) with the U.S. Securities and Exchange Commission on September 5, 2025. The report outlines changes in the servicing and administration of the 650 Madison Avenue Mortgage Loan, which constitutes approximately 5.0% of the
Securities law
On September 5, 2025, Wells Fargo Commercial Mortgage Trust 2020-C55 filed a FORM 8-K Current Report with the U.S. Securities and Exchange Commission, announcing changes in the servicing of the 650 Madison Avenue Mortgage Loan. The loan, constituting approximately 4.2% of the asset pool, is part of a
Mortgages
Canada's mortgage market is witnessing a shift, with three-year fixed terms offering competitive rates not seen in five-year terms. According to Ron Butler, founder of Butler Mortgage in Toronto, lenders are now promoting three-year fixed rates at around 3.6 per cent, whereas five-year fixed rates have hovered
Interest rates
The UK mortgage market is undergoing significant changes, with various lenders offering attractive rates and terms to attract borrowers. This analysis examines the current state of mortgage rates, including fixed and variable rates, for first-time buyers, remortgage, and buy-to-let customers. Key Takeaways: * The average fixed rate for a 2-year mortgage
United States. Federal Reserve Board
In a surprise move, U.S. President Donald Trump on Monday fired Federal Reserve Governor Lisa Cook, citing alleged improprieties in obtaining mortgage loans. Cook, the first African-American woman to serve on the Federal Reserve's governing body, had been appointed by former U.S. President Joe Biden in
United States. Federal Reserve Board
US President Donald Trump announced the removal of Federal Reserve governor Lisa Cook over allegations of improprieties in obtaining mortgage loans, marking an unprecedented step in his presidency. Trump claimed that Cook had engaged in "deceitful and criminal conduct" in her financial dealings, citing her 2021 mortgage applications
United States. Federal Reserve Board
President Donald Trump on Monday fired Fed Governor Lisa Cook over unproven mortgage-fraud allegations, marking an unprecedented escalation in his efforts to exert control over the central bank. However, Cook's attorney has vowed to file a lawsuit, rejecting the claims and emphasizing the lack of factual or legal
United States. Federal Reserve Board
The US President, Donald Trump, has been accused of using baseless allegations to remove Federal Reserve Governor, Lisa Cook, from her position. Trump cited a claim that Cook had committed mortgage fraud, obtained a mortgage on a second home, and incorrectly described it as her primary residence. This move has
United States. Federal Reserve Board
U.S. President Donald Trump's sudden removal of Federal Reserve governor Lisa Cook on Monday marks a significant escalation in his efforts to exert greater control over the central bank, which has long been considered an independent institution. The move stems from allegations of mortgage fraud, brought forth
