Bank of America has a playbook for government shutdowns, which includes providing fee and payment waivers as well as loan deferrals and forbearance programs, CEO Brian Moynihan said at the American Bankers Association’s annual convention.Bank of America has a playbook for government shutdowns, which includes providing fee and payment waivers
Following a $60 million credit hit, the Salt Lake City bank said that it hasn’t found any other related problem loans.Following a $60 million credit hit, the Salt Lake City bank said that it hasn’t found any other related problem loans.
A motion on the recommendation that Vancouver city council create a new corporation tasked with developing an estimated 4,000 units of rental housing on six city properties has failed to secure the votes it needed to pass.A motion on the recommendation that Vancouver city council create a new corporation tasked
Ben Tal says Canada’s economy is in a per-capita recession and that rate cuts are needed fast to thaw a “frozen” housing market.Ben Tal says Canada’s economy is in a per-capita recession and that rate cuts are needed fast to thaw a “frozen” housing market.
Canada’s stocks benchmark tumbled Tuesday, under-performing its U.S. counterpart as inflation in the country quickened more than expected while falling gold prices weighed on the mining sector.Canada’s stocks benchmark tumbled Tuesday, under-performing its U.S. counterpart as inflation in the country quickened more than expected while falling gold prices weighed on
Treasuries gained, with the 30-year yield reaching the lowest level since early April, amid similar price action in the UK and Canadian bond markets and a U.S. government shutdown on the verge of becoming the second-longest on record.Treasuries gained, with the 30-year yield reaching the lowest level since early April,
The major has updated members of its executive tech team The major has updated members of its executive tech team
PennyMac Financial Services reports a 33% profit increase in Q3 2025, driven by strong revenue growth and strategic initiatives.PennyMac Financial Services reports a 33% profit increase in Q3 2025, driven by strong revenue growth and strategic initiatives.
The housing agency director also announced plans to donate his salary to help wounded veterans as CHLA and ICBA push for the enterprises to resume MBS buying.The housing agency director also announced plans to donate his salary to help wounded veterans as CHLA and ICBA push for the enterprises to
The NRMLA/Riskspan Reverse Mortgage Market Index set a new high of 502.42, with the dollar amount of home equity for those 62 or over reaching $14.4 trillion.The NRMLA/Riskspan Reverse Mortgage Market Index set a new high of 502.42, with the dollar amount of home equity for those 62 or over
The government shutdown, which reached its 21st day on Tuesday, postponed the release of key inflation data.The government shutdown, which reached its 21st day on Tuesday, postponed the release of key inflation data.
The new tool integrates with the Compass platform and shows agents the number of serious buyers interested in a property type.The new tool integrates with the Compass platform and shows agents the number of serious buyers interested in a property type.
