LynxBanc Mortgage Corp., Boca Raton, Fla., has added to its offerings the ability to arrange multicurrency mortgage facilities for international buyers purchasing homes in South Florida by working with the United Kingdom-based Lloyds TSB Bank."Florida has the highest share of real estate buyers from overseas of any state, 15[%] on average," said Stephen Parnell, chief executive officer of LynxBanc. "This new mortgage facility offers the overseas buyer the opportunity to switch between eligible international currencies easily and inexpensively up to four times a year." LynxBanc can be found on the Web at http://www.lynxbanc.com
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With 55% of homeowners planning to renovate rather than relocate, demand for home improvement capital will be strong even if the purchase market slows further.
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Last week's bond market turmoil continued leading up to the FOMC decision on Wednesday, pushing the 30-year fixed to near or over 7%, depending on the source.
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The Securities and Exchange Commission said Rule 14a-8 exceeds its statutory authority and intrudes on matters of state law. Shareholder advocacy groups, however, argue that repealing the rule could reduce transparency.
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Brian Johnson's nomination to lead the Consumer Financial Protection Bureau advanced to the full Senate Thursday morning in a party-line vote.
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Mortgage companies have transitioned from trying to encourage AI use to managing spending on it through a strategy dubbed "tokenomics."
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Foreclosure rates were highest in the region, and nationwide, completed repossessions also saw a significant jump, according to Attom.
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