Canadian housing starts rose on a seasonally adjusted basis to 218,500 in March from 217,800 in February, according to Canada Mortgage and Housing Corp."The high level of starts in March indicates that demand for new housing remains strong, supported by low mortgage rates and high levels of employment," said Bob Dugan, chief economist at CMHC. "Housing starts were lower than they were a year earlier, suggesting that activity in the housing market is slowing from its peak level set in 2004." CMHC can be found on the Internet at http://www.cmhc.-schl.gc.ca.
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Malhotra joins the home finance giant after previously helping launch platforms to provide generative AI enterprise solutions and founding a technology research lab at the global multinational firm.
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The reverse-mortgage lender saw a quarterly loss but expects originations to increase 10% in the second quarter, as it attempts to address high-yield debt concerns.
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Capital Community Bank of Provo has purchased Security Home Mortgage, headquartered in nearby Orem.
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Mike Kortas, CEO of NEXA, alleges he fired his former co-owner, Mat Grella, because he added himself as a "new manager" of the company in a filed amendment to the company's articles of organization.
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Price growth is decelerating but still driving historic home equity gains for owners and widening the gap between the haves and have-nots in housing, ICE finds.
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Ex-CEO Michael Strauss used the lender's bank various accounts to pay for his own expenses, a trustee for the failed lender claims.
May 6