ANZ's Shayne Elliott: lending to the Oswals was a mistake

ANZ's Shayne Elliott: lending to the Oswals was a mistake

ANZ chief executive Shayne Elliott has admitted the bank shouldn't have loaned more than $900m to Indian businessman Pankaj Oswal and his wife
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Latest index shows 24% of housing markets in US counties are less affordable

A quarter of county housing markets in the United States were less affordable than their historic averages in the third quarter of 2016, up from 22% in
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What's in the Near Future for Real Estate

A new article over at Realtor Magazine starts this way: “We can expect a hot year in home sales in 2017, …” This got me to thinking, and I had to dig
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What Happens to Real Estate When the Fed Raises Rates?

“U.S. real estate will probably trade off a bit [when the Fed raises rates], but Latin America will probably be relatively cushioned against any policy
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A third of insured mortages would have 'difficulty' under new federal rules, Genworth says

The largest private residential mortgage insurer in Canada says many of its customers would have difficulty meeting new rules introduced by the
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Mortgage Rates Today, Wednesday, Oct. 5: Rates, Refinance Applications on the Rise

Mortgage rates across the board for 30- and 15-year fixed loans and 5/1 ARMs all climbed higher, according to a NerdWallet survey of mortgage rates
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First time buyers: What else you should know about the daunting mortgage application process

If you're trying to claw your way onto the property ladder, the chances are you have already done your research into the mortgage application process.
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Watchdog gives notice on its mortgage market probe

The UK's financial watchdog has said it is worried about mortgage customers being swayed by short-term headline rates and about too-close
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Federal trial opens for South Hills man charged in massive mortgage fraud

A federal prosecutor today told a jury that the government will show that James Nassida orchestrated a massive mortgage fraud scheme at his
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Average Mortgage Interest Rate Declines for Millennials While Loan Amounts Increase, According …

Ellie Mae® (NYSE:ELLI) is a leading provider of innovative on-demand software solutions and services for the residential mortgage industry.
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BTL mortgage market growth of 50 per cent predicted to slow

Further findings of the Mortgage Efficiency Survey 2016 revealed that first-time buyer growth was negligent, up just 0.7 per cent, while home mover
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Current Mortgage Rates for Wednesday, October 5, 2016

The yield on the U.S. 10-year treasury note (which has long been the best market indicator of where mortgage rates will go) is currently at 1.72%.
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Long-time Wichita real estate broker Leason dies at 87

Leason started his real estate career in 1958 when he began working as a commercial salesman for Colby Sandlian, a high school friend and fellow
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Couple alleges improperly processed mortgage payments resulted in foreclosure

EDWARDSVILLE — A Granite City couple is suing a mortgage provider claiming it improperly processed payments resulting in their home being
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What Are Today's Homeowners Doing with Their Equity?

When values plummeted in 2007, millions went “underwater” when they found themselves owing more on their mortgages than their homes were
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Gary Barnett's high-stakes game of real estate Tetris

Barnett's playing a high-stakes game of real estate Tetris, and to win, he'll need not only to source capital, but also to shift it into the right places at just
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Mortgage rules: What do the changes mean?

A major shift in mortgage rules means that Canadians taking on loans to buy homes may not qualify to borrow as much as they previously could.
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Pact signed to promote housing finance

KARACHI: Acting Governor SBP Saeed Ahmad witnessed the signing of a share subscription agreement of Pakistan Mortgage Refinance Company
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FCA to probe mortgage market relationships

The FCA will investigate commercial relationships at the heart of the mortgage industry to assess their impact on consumers. Speaking at the Brevan
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Real estate board to monitor new rules as September house prices jump

As the average cost of a Toronto-area home climbed 20 per cent in September over the same month last year, the Toronto Real Estate Board (TREB)
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