The Trump administration is moving to overhaul fair lending rules that were enacted in 1977’s Community Reinvestment Act (CRA) to prevent redlining and incentivize banks to reinvest in the communities they serve. The Federal Deposit Insurance Corp. (FDIC) and Office of the Comptroller of the Currency (OCC), two of the three federal regulators tasked with […]
Alberta recorded a 4% year-over-year increase in for-sale housing starts in 2025, with Edmonton posting a 15% surge, according to Statistics Canada. The new agreement is intended to remove the servicing constraints, particularly in mid-sized cities where aging systems have acted as a ceiling on approvals, that have limited further progress. Red Deer’s $9 million gap […]
Camden Property Trust sold its 11-property California portfolio for $1.63B, roughly seven months after it disclosed it was looking to leave the state. Camden Property Trust sold its property at 3900 San Fernando Road in Glendale, California. The Houston-based REIT announced the sale of the 3,620-unit portfolio along with second-quarter earnings. The buyer, which wasn’t disclosed, paid […]
The wheat complex fell into the weekend, with losses across the three exchanges as money was coming out at the end of the month. Chicago SRW contracts were down 18 ¼ to 24 ¼ cents at the close. September was down 38 ¾ cents on the week, but still 50 cents higher on the month. […]
House price growth slowed in July as housing market activity remained subdued against a backdrop of economic uncertainty, according to Nationwide. The building society’s latest House Price Index showed annual house price growth eased to 1.8% in July, down from 2.2% in June. On a seasonally adjusted monthly basis, prices rose by 0.1%, following broadly […]
The Federal Reserve is seeking comment on a proposal that it said would modernize rules for mutual banking organizations and increase their flexibility to raise capital. The proposal would update rules that have not been changed since they were established in 1993 and have proven to be “overly burdensome and complex,” the Federal Reserve said in […]
Inheritance tax (IHT) has long been dubbed Britain’s most-hated tax, despite only affecting a small chunk of the population. That’s changing though – more people are on track to be hit by the 40% levy in coming years. Rising house prices and frozen inheritance tax thresholds mean more families have and will be brought into […]
The Employees’ Provident Fund (EPF) is a government-backed investment and retirement savings option in India. Salaried individuals are eligible to open an EPF account when basic pay and dearness allowance are up to ₹15,000. You can further opt for voluntary provident fund (VPF), if the basic pay and DA exceed ₹15,000 per month. For FY26, […]
Investors are seeing more signs that the bottom is near, if not already in.
Avison Young’s cash flow issues are catching up to its UK companies. The brokerage and advisory firm persuaded a judge on Thursday to unfreeze its UK accounts, which NatWest Group had locked after Avison Young failed to pay taxes, Bloomberg reported. The bank froze the accounts in response to a winding-up petition — which involves applying to a […]