Author: Jordan

  The non-banking finance company (NBFC), which reported a 25 per cent year-on-year (Y-o-Y) rise in assets under management (AUM) to ₹1.07 trillion and a 67 per cent rise in profit after tax (PAT) to ₹461 crore in the April-June quarter of 2026-27 (FY27), said unsecured loans, loan against property and digital lending would drive growth as it remains on track to achieve its FY27 guidance. Retail disbursements rose 44 per cent Y-o-Y to ₹12,527 crore during the quarter.   “Right now, the two segments that are doing really well, unsecured lending is doing quite well. So we’ll…

Drivers saw some relief at the pump in recent weeks amid news of a ceasefire between the U.S. and Iran, but the decline was short-lived as renewed conflict between the two nations pushed energy prices higher again.  The national average price of gasoline is now over $4 again, with current diesel prices hitting over $5 per gallon, according to AAA. Crude oil prices are back above $80 per barrel, and Brent crude oil is above $88.  Several factors are pushing prices up, with geopolitical tensions at the top of mind for consumers, politicians, and economists. Though experts say it’s important…

UK Finance data shows market continuing to hold its ownThe latest figures for the buy-to-let sector show ‘incredible resilience’, proving that property investment remains highly attractive, according to reaction to UK Finance’s quarterly update.The figures showed that in the first quarter, 58,272 new buy-to-let loans were advanced in the UK, up by 3.26% compared with the same quarter last year and worth £10.8 billion, a 7.02% rise in value.“The latest Q1 data from UK Finance shows an incredibly resilient buy-to-let sector,” said Raheel Butt, head of BTL underwriting at MT Finance. “With figures showing a total lending volume of £10.8 billion across more…

Broker in Focus is a dedicated series that highlights the unique journeys of mortgage brokers, providing them with a platform to share their experiences, insights, and expertise. Through compelling personal stories and professional reflections, each featured broker recounts the key moments that have shaped their careers, delves into the challenges and opportunities facing the industry today, and shares the valuable wisdom they have gained along the way. This week, Mortgage Introducer is featuring Matthew Jackson (pictured top), director of Mint FS, who has spent decades shaping his approach to broking around one consistent belief: that mortgages are fundamentally about people,…

South Indian Bank expects healthy asset quality through the rest of the financial year despite uncertainty from the West Asia conflict. MD and CEO PR Seshadri said the lender will continue to expand its gold loan business and branch network outside Kerala, .Gold loans, which currently account for around 25% of the loan book, are expected to grow 17-18% this financial year to reach 27-28% of the overall book by year-end. “Even if there is an increase in losses for the industry, we should perform a little bit better than the industry,” Seshadri said, citing the bank’s underwriting standards and…

Landlord gross rental yields strengthened during the second quarter, driven by growth in Scotland, the West Midlands and Yorkshire and the Humber, according to Paragon Bank. The lender’s Q2 2026 Buy-to-Let Yields report showed the average gross rental yield increased to 7.02% at the end of June, up from 6.96% in the first quarter. Yields have followed an upward trajectory since the end of the Covid lockdowns, rising from 5.84% in 2021. Scotland recorded the strongest quarterly improvement, with average yields increasing by 53 basis points to 7.97%. The West Midlands saw a 24-basis-point rise to 7.24%, while yields in…

The S&P 500 Index ($SPX) (SPY) on Monday closed down -0.19%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.59%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.04%.  September E-mini S&P futures (ESU26) fell -0.20%, and September E-mini Nasdaq futures (NQU26) rose +0.01%. Stock indexes on Monday settled mixed, with the Dow Jones Industrials falling to a 3-week low.  Stocks gave up early gains on Monday and settled mixed as rising crude oil prices boosted bond yields and undercut stocks.  Crude prices rose to a 5-week high on Monday amid concern the US-Iran conflict will worsen and lead to higher inflation.  The…

Landlord gross rental yields strengthened in the second quarter of 2026, according to data from buy-to-let (BTL) mortgage specialist Paragon Bank. Scotland, the West Midlands and Yorkshire and the Humber were the main drivers of the growth. Yields have been on an upward trajectory since the end of the Covid lockdowns, rising from 5.84% in 2021.   Regional performance Scotland recorded the strongest growth in yield performance over the quarter, rising by 53 percentage points (pp) to 7.97%. The West Midlands saw a 24pp increase to 7.24%, while Yorkshire and the Humber rose by 21pp to 7.58%. …

A 29-year-old Alexandria man faces hundreds of charges tied to alleged thefts from unlocked vehicles parked outside of fitness centers in Fairfax County and Falls Church. Kumneger Ayalsew was arrested in Alexandria on June 26 and is currently being held at the Arlington County jail. He faces hundreds of charges for similar alleged crimes in Fairfax County and Falls Church, according to a release from the Fairfax County Police Department. “Since April 2026, detectives determined Ayalsew stole wallets, credit cards, and other personal belongings from unlocked vehicles before quickly making fraudulent gift card purchases at nearby retailers, often before victims…

Since November 1, 2025, a Massachusetts Department of Revenue (DOR) requirement has been part of the closing checklist for many higher-value real estate transactions. Settlement agents must file Form NRW with DOR for sales of Massachusetts real estate with a gross sales price of $1 million or more. The requirement applies to qualifying transfers regardless of whether the seller is a Massachusetts resident or whether tax must be withheld. It is not limited to residential transactions; it can apply to residential, commercial, industrial, mixed-use, multifamily, and other sales or exchanges of Massachusetts real property that meet the $1 million threshold.…