Two powerhouses in the world of MIEs (mortgage investment entities) are joining forces. Neighbourhood Holdings has acquired Fisgard Asset Management, forming one of the largest non-federally regulated private alternative lenders in the country. The deal closed Friday with the combined firm now managing roughly three-quarters of a billion dollars in

💡See also: Mortgage Tidbits (below). It was shades of 2023 as regional U.S. banks came under scrutiny again. That, plus dovish central bank chatter and soft macro data, led rates onto the down escalator Thursday. And by Friday morning, yields were still slipping.

💡See also: Yields Slide as Bank Jitters Return Residential real estate is looking more alive, at least for the time being. Despite an economic outlook that is questionable at best, homebuying fundamentals have clearly improved by some measures. Below we'll unpack all that—before the market changes its

Wednesday was one of those days when bad news was good news, at least if you’re a mortgage shopper. Between the weak data, factory closures, and federal bailouts, traders could practically hear the Bank of Canada rummaging through its drawers for the rate-cut shears.