The seasonally adjusted annual rate of housing starts in Canada rose to 252,300 units in March from 242,500 units in February, according to Canada Mortgage and Housing Corp."Despite the rise in multiple starts in March, single starts decreased for a second consecutive month, suggesting that the pace of new home starts will begin to pull back," said Bob Dugan, chief economist at CMHC. The corporation can be found online at http://www.cmhc.ca.
-
Title insurers, whose activity is highly correlated to mortgage production, wrote $15.1 billion in premiums during 2023, down from $21 billion in 2022 and $26.2 billion for the year before that.
8h ago -
The Federal Open Market Committee held the federal funds rate at current levels, citing "lack of further progress" toward meeting inflation goals.
9h ago -
Both quasi-public mortgage investors have new requirements for when borrowers question valuations. Freddie Mac is expanding use of title insurance alternatives.
9h ago -
A new policy directive aims to fortify critical infrastructure by enhancing collaboration between U.S. intelligence agencies and systemically important financial entities.
11h ago -
Mark Warren and Thom Tillis have introduced the Secure Artificial Intelligence Act of 2024 to address the unique risks of AI.
11h ago -
The April 26 update came two days after the group received preliminary approval for the Sitzer/Burnett agreement.
11h ago