Sentences with phrase «biggest lender raised»
Canada's third - biggest lender raised the posted rate for a five - year fixed - rate mortgage from 5.14 per cent to 5.34 per cent, effective Tuesday, while also increasing the posted rates for other terms.
http://business.financialpost.com/ Not exact matches
Nash also raised questions about Wells Fargo's position as the biggest lender to the gun industry.
«Wells Fargo & Co., the second - largest U.S. home lender, and Taylor, Bean & Whitaker Mortgage Corp., the biggest privately held mortgage company, are raising credit score requirements and other standards for government - insured loans,» according to Bloomberg News.
By raising the capital requirement to $ 2.5 million Ginnie Mae and HUD will be able to get real damages from lenders who fake loans, damages that are too big to ignore.
Late last month, TD Bank was the first of the Big Five lenders to raise the benchmark rate, increasing it to 5.59 per cent, due to factors including the competitive landscape, the cost of lending and management of risk.
Now lenders that want to service this very lucrative portion of the market will have to borrow from one of the big banks, which is going to raise the cost of capital.
The Federal Reserve board voted to raise the federal funds rate target in Q4, which has a big influence on the mortgage rates offered by lenders.
TORONTO — One of Canada's biggest lenders will be raising rates on several of its mortgages starting Friday.
In late April, TD Bank was the first of the Big Five lenders to raise the benchmark rate, increasing it from 5.14 per cent to 5.59 per cent, due to factors including the «competitive landscape, the cost of lending and managing risk.»
«If you claim a lot of business expenses to reduce your taxable income, you could raise a big red flag with lenders,» explains Henninger.
The Bank of Nova Scotia on Tuesday became the last of Canada's biggest lenders to raise its posted rate for a five - year fixed - rate mortgage — from 5.14 % to 5.34 %.
In late April, TD Bank was the first of the Big Five lenders to raise the benchmark rate, increasing it from 5.14 % to 5.59 %, due to factors including the «competitive landscape, the cost of lending and managing risk.»
Recently, two of the biggest lenders in the country raised their credit - score requirements for government - backed mortgages.