The value of Australia’s housing rebounds to $10 trillion – but how?

By: ameer@trustedteam.com

The value of Australia’s housing has rebounded to $10 trillion in August, due to a combination of higher values, with the median home value hitting $732,886 at the end...

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Join the Young Guns at this year’s Australian Mortgage Awards

By: ameer@trustedteam.com

Brokers are being urged to join this year’s Young Gun excellence awardees at the 2023 Australian Mortgage Awards (AMAs) on Friday, October 13. Hosted by comedian Merrick Watts (pictured above ...

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FDIC admits oversight shortcomings in First Republic Bank’s collapse

By: ameer@trustedteam.com

The Federal Deposit Insurance Corp. said in a report Friday that it failed to adequately assess interest rate risk and risks associated with rapid growth and uninsured deposits in...

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Freddie Mac looking for new CEO at critical juncture

By: ameer@trustedteam.com

Freddie Mac CEO Michael DeVito will be retiring during the first quarter of 2024, after a nearly three-year tenure during which the government-sponsored enterprise built up capital but failed...

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Multifamily starts fall to under half of the previous two-year average

By: ameer@trustedteam.com

Multifamily construction starts fell to less than half of typical recent norms during the second quarter and will likely cause rents to rise over the next two years, a...

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Apartment rents are on the verge of declining due to massive new supply

By: ameer@trustedteam.com

Rents in August were just 0.28% higher than August 2022, according to RealPage. Compare that to a year ago, when rents were posting 11% annual growth. The number of new units...

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Buying A Home With A Refinance Strategy

By: ameer@trustedteam.com

September 8, 2023 For some, buying a home in 2023 is a bad idea. At least, that is the impression some get when looking at today’s high interest rates in...

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OSFI calls stress test “incomplete,” seeks to address “problem” of fixed-payment variable-rate mortgages

By: ameer@trustedteam.com

It’s no secret that Canada’s banking regulator has its sights set on fixed-payment variable-rate mortgage products. And OSFI chief Peter Routledge reiterated that point during a speech today. Routledge said...

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Fleet Mortgages promotes Husbands to head of sales as it rejigs team  

By: ameer@trustedteam.com

Fleet Mortgages has promoted Dave Husbands to head of sales as part of a series of changes in its sales division.   ...

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FDIC suing lenders over loans brokered for Washington Mutual

By: ameer@trustedteam.com

The Federal Deposit Insurance Corporation is suing over a dozen mortgage firms in federal courts to recoup funds over loans they brokered over 14 years ago for Washington Mutual. The...

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