The seasonally adjusted annual rate of Canadian housing starts rose to 230,400 units in April, up 5.5% from 218,400 units in March, according to Canada Mortgage and Housing Corp."The strength in housing starts in April was broadly based regionally and in both single and multiple homes, lifting total starts above the 230,000 mark," said Bob Dugan, a chief economist at CMHC. "[Favorable] economic factors, such as high levels of employment and low mortgage rates, continue to stimulate residential construction activity." The CMHC can be found online at http://www.cmhc-schl.gc.ca.
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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.
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At the same time, market share among a trio of the mortgage insurers shifted, data compiled by Keefe, Bruyette & Woods found.
1h ago -
Gary Farro's testimony focused on both the banking activity of Michael Cohen, a former Trump attorney who paid $130,000 to an adult film actress in 2016, and First Republic Bank's due diligence work.
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New notices pointed out how large learning models could lead real estate businesses to unintentionally violate the Fair Housing Act in a marketing campaign.
May 3 -
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The industry hasn't been sure how much of a lift they'd get this spring but a broader slowdown in hiring may help to lower financing costs.
May 3