5+ hour, 3+ min ago   (256+ words) The Board of Directors of First Midwest Bank recently announced the promotion of Meagan Radford to assistant vice president, loan officer, and operations officer. Radford previously served as assistant vice president and assistant cashier. With more than 15 years of dedicated…...

2+ hour, 56+ min ago   (588+ words) The big four banks are reporting falls of up to 20 per cent in new home loan applications since the May federal budget was handed down. The total number of new residential loan commitments fell 5.4 per cent to 134,225 in the June…...

1+ hour, 2+ min ago   (901+ words) A home equity loan and a home equity line of credit both let homeowners borrow against the equity they’ve built up. Because the debt is secured (backed by your house), lenders typically offer lower rates than you’d get with an…...

9+ hour, 4+ min ago   (441+ words) "Consumers are having to make choices." On paper, Floridians owe a bit less than Americans overall, yet that statewide average obscures some pressure points. Auto debt, credit card balances, and elevated delinquency rates are weighing heavily on many budgets across…...

3+ hour, 3+ min ago   (191+ words) One of the nation’s largest mortgage servicers is paying millions of dollars to settle charges it imposed insurance costs on borrowers who already had homeowners insurance policies. Forty-eight state financial agencies reached a $15.5 million settlement with NewRez LLC for improperly…...

17+ hour, 30+ min ago   (437+ words) Hundreds of thousands of equity loans remain live as post-scheme advice work intensifies for brokers The closure of Help to Buy to new applicants in March 2023 did not mark the end of the scheme for mortgage brokers — it marked the…...

12+ hour, 14+ min ago   (507+ words) CHLA urged FHFA to repeal 12 CFR Part 1272 but keep safeguards for significant new FHLBank activities. It also asked FHFA to expand FHLBank membership to independent mortgage banks and tie ongoing membership to continued mortgage lending. AI Summary The Community Home…...

9+ hour, 58+ min ago   (226+ words) When tested across three leading foundational AI models to determine which bank statement deposits were likely sourced from overseas, researchers uncovered a dramatic discrepancy based on borrower names: English-Sounding Names: Only 13.3% of deposits were flagged as potential foreign funds. Non-English…...

8+ hour, 59+ min ago   (805+ words) Updated 18 Aug 2026, 9:02am First published 18 Aug 2026, 9:00am Financial adviser Patricia Howard has seen many families torn apart by unintended financial consequences from using the bank of mum and dad. Picture: Supplied. Families who use the bank of mum and dad to help…...

6+ hour, 30+ min ago   (585+ words) “Fast forward to this year, volume is up,” Omar said. “We’ve seen some increases in housing inventory, which I think has spurred some of production, but when lenders are now taking a deep breath and say, ‘Okay, we’re doing more…...