The average rate on a 30-year mortgage in the U.S. edged lower for the second week in a row, a modest but welcome boost for prospective home shoppers in the midst of the spring homebuying season. The rate fell to 6.64% from 6.65% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the
Fannie Mae tightened the screws on every condo association in America after the 2021 Chaplain Towers collapse in Surfside, Florida, where 98 lives were tragically lost. Financial and operational standards must be met, or the association is blacklisted. That’s budgeting, financial reserves, acceptable property maintenance and the like. In industry parlance, these blacklisted associations are
LOS ANGELES — President Donald Trump will hold a Wednesday meeting with aides about possible investors who could buy a stake in TikTok, a deal that could potentially stop the social media site from being banned in the United States. The details of the meeting were confirmed by a person familiar with the situation who
BNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. Banco Santander SA has won a Canadian banking license as it continues its expansion across the Americas. Canada’s banking regulator, the Office of the Superintendent of Financial Institutions, issued an order for Santander Consumer Bank to
Stepfanie Romine for NAF | The Detroit News Christian Liner has spent the last 16 years building an impressive career in accounting and finance. After earning his bachelor’s degree in accounting at Eastern Michigan University and an MBA at Cleary University, he worked in auditing for two of the Big Four accounting firms. He then
Australia’s corporate watchdog has called on superannuation funds to overhaul the way they deal with death benefit insurance claims, noting excessive delays, poor customer service and ineffective claims handling are leaving Australians worse off at some of the most vulnerable times of their lives. The Australian Securities and Investment Commission (ASIC) has called on industry
Space tourism is getting a boost. Axiom Space, which flies both private and government missions, secured “hundreds of millions” in additional investment this week at a $2 billion valuation, sources told me — with the goal of exponentially scaling their footprint in space and creating the world’s first commercial space station. Since launching in Texas
HONG KONG — Global shares were mostly lower Friday as investors mulled uncertainties brought by U.S. President Donald Trump’s latest tariffs. The future for the S&P 500 lost 0.4% and that for the Dow Jones Industrial Average retreated 0.2%. In Europe, Germany’s DAX declined 0.6% to 22,537.65 and the CAC 40 in France slid 0.5%
More than $100 million in state grant funding has been left unclaimed by My Safe Florida Home program applicants, and grant hopefuls are urged to immediately take steps to claim $10,000 for home-hardening projects. The money is being reallocated from homeowners who completed their inspections and paperwork but did not follow through by completing their
By ALEX VEIGA, AP Business Writer The average rate on a 30-year mortgage in the U.S. fell slightly this week, a welcome reversal for homebuyers in what is traditionally the busiest time of the year for the housing market. The rate fell to 6.65% from 6.67% last week, mortgage buyer Freddie Mac said Thursday. A