Mortgage limits have NOT changed (yet)

The compliant loan limit is set by the Federal Housing Finance Agency (FHFA). Mortgages below this amount generally have the lowest effective rates and in some cases are easier to obtain. With prices that appreciate quickly over the past year, a sharp increase in the loan limit would be fat …

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Further reforms of the Royal Commission on Banking, Pensions and Financial Services take effect

Consumers and small businesses will benefit from additional protections with the start of nine more recommendations from the Royal Commission on Banking, Pensions and Financial Services, and Design and Distribution Obligations (DDO) starting in October 2021. These reforms strengthen consumer protections by: strengthen provisions on unsolicited selling (anti-hawking), including for …

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Mortgage Rates Cross 3% Threshold – RISMedia |

Mortgage rates broke the 3% threshold for the 30-year Fixed Rate Mortgage (FRM), scoring 3.01% for the week ending September 30. According to the Freddie Mac® Primary Mortgage Market Survey, this is up from 2.88% last week. Mortgage Details:– The 30-year fixed rate mortgage averaged 3.01% with an average of …

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Credit card sales on the rise: CTBC

By Kao Shih-ching / Journalist CTBC Bank (中信 銀行) yesterday gave optimistic outlook for credit card spending in the next quarter, thanks to an easing of the COVID-19 situation, the launch of the Quintuple Stimulus Voucher program and the peak season of vehicle sales . That is expected to increase …

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Finopotamus launches digital banking industry leaders forum

SAN DIEGO, September 30, 2021 / PRNewswire / – Finopotamus, the only online resource providing in-depth technology coverage exclusively for credit unions, today announced the launch of the Digital Banking Industry Leaders Forum (DBILF) at www.digitalbankingleaders.com. Co-sponsored by Credit Union technical discussion, the Forum is designed to bring together targeted …

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