EU top court backs consumers in Polish FX mortgage case
A view of a flag of the European Union during a debate on Poland’s challenge to the supremacy of EU laws at the European Parliament in Strasbourg, France, October 19,…
Japan’s yen slides broadly as BOJ policy tweak seen inadequate
A 1000 yen note on a tray at a souvenir shop in Hakone, Japan, on Tuesday, Nov. 22, 2022. SeongJoon Cho | Bloomberg | Getty Images The yen slumped across…
Shriram Housing Finance raises $50 million in its maiden external commercial borrowing
Shriram Housing Finance has raised $50 million in its maiden external commercial borrowing (ECB) as the lender is looking to diversify its funding source. Funds from the ECB will be…
How a Vegas Whale, and Many More, Tap Billions Meant for US Housing
(Bloomberg) — As prices across the US climbed last year, Texas tycoon and legendary high-stakes poker player Andy Beal saw a chance to profit. All he needed was several billion…
Mortgages for Homebuyers With Good Credit Could Cost More Starting May 1, But FHFA Refutes This Suggestion
Group4 Studio / Getty Images Americans who have worked hard to build up their credit scores might be alarmed over warnings that a new federal rule could reward those with…
Should You Keep More Than $20,000 Or Let Your CPF OA Be Wiped Out
HDB flat buyers in Singapore have two choices in how they intend to finance their flat purchases. The first option is to take up a bank loan and the second…
China ramps up economic support as Country Garden vote looms
Five of China’s biggest banks cut interest rates Vote on embattled developer Country Garden due Friday Central bank cuts amount of forex banks must hold as reserves Beijing to take…
DeSantis reinstates Florida’s suspended affordable housing director
TALLAHASSEE — Gov. Ron DeSantis reinstated Florida’s affordable housing director on Friday, a month after he was suspended pending the outcome of an inspector general investigation. Starting Monday, Mike DiNapoli…
Why the US Is Scrutinizing Federal Home Loan Banks
Comment on this storyComment The Federal Home Loan Banks are facing heightened scrutiny since a series of bank failures brought attention to their expansive role in the US financial system.…
Brace for more mortgage pain as HSBC, Hong Kong peers seen lifting prime rates with the Fed odds-on to tighten policy again
Hong Kong’s biggest commercial banks are expected to raise borrowing costs next week to ease their funding pressure, analysts said, with the Federal Reserve odds-on to resume its policy tightening…