Federal housing authorities persuaded Texas Capital Bancshares Inc. to help with the fallout from a bankrupt reverse-mortgage provider, then went back on their promises of financial support, the company said in a lawsuit Wednesday.
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Latvia Considers Forcing Banks to Cut Mortgage Interest RatesLatvia’s parliament will consider legislation to force banks to cut interest rates on mortgages by 50% for one year, due to higher costs to borrowers where almost all loans have variable rate.
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‘The mortgage-rates screws have tightened significantly’: BMO senior economistDaily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
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US 30-Year Mortgage Rate Tops 7.5% for First Time Since 2000(Bloomberg) -- US mortgage rates last week topped 7.5% for the first since November 2000 and applications for home purchases tumbled to a multi-decade low, illustrating a battered housing market. Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsKevin McCarthy Ousted as US House Speaker by Republican DissidentsWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapWhy a US Recession Is Still Likely — and Coming SoonAirbnb Is Fundamentally Broken, Its CEO
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Goldman Sachs calls an audible: mortgage rates going up, after all, in 2023In January, the firm’s housing economists predicted mortgage rates would land at 6.5% by the end of this year. Now? Well, never mind. Goldman Sachs believes rates will run higher to around 7.1% by year end.
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Chasing mortgage predictions: More parlour trick than science?Welcome to Mortgage Rundown, a quick take on Canada’s home financing landscape from mortgage strategist Robert McLister.
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