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News
New York court tosses foreclosure over missing note and default proof
2+ day, 3+ min ago (394+ words) Missing default records helped sink a judgment years in the making A New York appeals court threw out a foreclosure judgment because the firm couldn't prove when it got the note or show default. The ruling came on August 12, 2026, when…...
Overseas property sales slow as tax changes reshape UK residential market
1+ day, 23+ hour ago (292+ words) HMRC data shows a decline in UK residential property disposals by foreign nationals, with high-value transactions also falling The number of UK residential properties sold by overseas private individuals fell in the year to 5 April 2026, according to research by Bowmore…...
NZ migration slows as tourism nears pre-COVID peak
1+ day, 13+ hour ago (445+ words) Net migration cools to 17,600 while visitor arrivals climb 9%, ASB warns New Zealand's net migration gain slowed to 17,600 over the year to June 2026, a figure that is reshaping expectations for the housing market even as tourism numbers climb toward pre-pandemic highs....
Stephanie Murray on why relationships will outlast the algorithms
1+ day, 14+ hour ago (365+ words) Adviser Stephanie Murray says AI can support the industry, but not replace the relationships at its core For Stephanie Murray (pictured), founder of Stephanie Murray Mortgages, the biggest challenge on the horizon isn't regulation or compliance — it's technology stepping into…...
ASB chief takes pay cut after "annus horribilis" of legal setbacks
1+ day, 14+ hour ago (352+ words) Vittoria Shortt says accountability, not scandal, drove her reduced remuneration this year ASB chief executive Vittoria Shortt (pictured) has confirmed her pay was reduced this year, saying the bank's board applied consequences following a run of costly legal setbacks. The…...
Forecasters still expect OCR hikes despite softer inflation outlook
1+ day, 14+ hour ago (377+ words) RBNZ survey shows inflation expectations easing, but rate rises remain on the cards New Zealand's short-term inflation expectations have eased sharply, but economists say the Reserve Bank is still on track for further increases to the official cash rate before…...
Tariff clock ticks as Canada braces for July inflation data
1+ day, 23+ hour ago (580+ words) RBC Economics flags a bump in July CPI and bigger risks as Section 338 tariffs approach Canada's mortgage professionals head into a pivotal week, with two economic pressure points converging: a monthly inflation reading and a US tariff deadline poised to…...
RFA Financial posts record $1.8B in off-balance sheet originations
2+ day, 7+ min ago (461+ words) RFA Financial logs record broker-channel originations as its asset disposal strategy gains pace RFA Financial Inc., a Canadian financial services platform, has posted the strongest broker origination quarter in its history. Off-balance sheet mortgage originations reached a record $1.8 billion in…...
Big lenders are crashing the DSCR party and private lenders are watching closely
1+ day, 23+ hour ago (740+ words) Conventional giants are flooding the DSCR market with volume, and private lenders say experience is what the big lenders can't replicate The debt-service coverage ratio (DSCR) loan was once primarily handled by private and non-QM lenders, but Rocket, United Wholesale…...
H&R REIT to dissolve in $6.7 billion deal with Blackstone, GO Residential
2+ day, 21+ min ago (466+ words) H&R REIT's assets will be split across four institutional buyers in a Q4 2026 closing H&R Real Estate Investment Trust has agreed to sell all of its assets in a CA$6.7 billion transaction that will dissolve one of Canada's most…...