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Dividend Announcement from Infinity Trust Mortgage Bank: March 31, 2024 at 08:58 am EDT

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Dividend Announcement from Infinity Trust Mortgage Bank: March 31, 2024 at 08:58 am EDT
Dividend Announcement from Infinity Trust Mortgage Bank: March 31, 2024 at 08:58 am EDT



The corporate actions announcement by Infinity Trust Mortgage Bank PLC includes a proposed final dividend of 15k for every share of 50k Ordinary share to be paid on 13th May 2024. The register of shareholders will be closed from 15th to 19th April 2024, with a qualification date of 12th April 2024. Shareholders are advised to complete the e-dividend registration and activate the mandate form for direct payment into their bank accounts. The annual general meeting will be held on 9th May 2024 at Infinity House in Abuja. Shareholders with unclaimed dividend warrants or share certificates are also urged to complete the e-dividend registration or contact the registrar.

– Proposed final dividend of 15k per share
– Register of shareholders closed from 15th to 19th April 2024
– Qualification date for dividend payment is 12th April 2024
– E-dividend registration and mandate activation advised for direct payment
– Annual general meeting on 9th May 2024
– Shareholders with unclaimed dividends urged to complete registration or contact registrar.



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CENTUM Canada has revolutionized client engagement with the introduction of Mortgage Monitor™.

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CENTUM Canada has revolutionized client engagement with the introduction of Mortgage Monitor™.
CENTUM Canada has revolutionized client engagement with the introduction of Mortgage Monitor™.



Centum Financial Group has launched Mortgage Monitor™, a platform designed to empower homeowners and prospective buyers to make informed financial decisions and build wealth. This platform automatically enrolls clients into a communication system, providing monthly home value updates, personalized product and rate analysis, and mortgage protection support. It also serves as a lead generation tool for brokers. Centum Financial Group is a leading Canadian mortgage broker network with over 200 offices and 2200 agents nationwide. Mortgage Monitor™ is currently in pilot with a full release planned for later in Q2 2024.

– Centum Financial Group launches Mortgage Monitor™ to empower homeowners and prospective buyers
– Platform provides monthly home value updates, personalized product and rate analysis, and mortgage protection support
– Serves as a lead generation tool for brokers
– Centum Financial Group is a leading Canadian mortgage broker network with over 200 offices and 2200 agents nationwide
– Mortgage Monitor™ currently in pilot with full release planned for later in Q2 2024



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Mortgage

Mortgage applications experienced a slight decline last week, even with a decrease in rates.

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Mortgage applications experienced a slight decline last week, even with a decrease in rates.
Mortgage applications experienced a slight decline last week, even with a decrease in rates.



In the week ending March 29, mortgage application volume decreased by 0.6%, with the average rate for a 30-year fixed-rate mortgage dropping to 6.91%. Refinance applications decreased by 2% compared to the previous week and were down 5% from the same week last year. Purchase applications also decreased by 0.1% compared to the previous week and were down 13% from the same week last year. The refinance share of mortgage activity decreased to 30.3% of total applications, while the adjustable-rate mortgage share remained unchanged at 7.0%. Overall, mortgage rates decreased slightly, but did not significantly impact overall application activity.

– Mortgage application volume decreased by 0.6%
– Average rate for a 30-year fixed-rate mortgage was 6.91%
– Refinance applications decreased by 2%
– Purchase applications decreased by 0.1%
– Refinance share of mortgage activity decreased to 30.3%
– Adjustable-rate mortgage share remained unchanged at 7.0%
– Mortgage rates decreased slightly but did not significantly impact application activity.



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Mortgage

The level of mortgage applications continues to be low

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The level of mortgage applications continues to be low
The level of mortgage applications continues to be low



– Mortgage rates declined slightly last week, with the 30-year fixed rate at 6.91% and the 15-year fixed rate at 6.35%
– Refinance share of total applications decreased to 30.3%
– ARM share remained steady at 7% of total applications
– FHA share of total applications decreased to 11.7%
– VA share increased to 12.1%
– USDA share remained unchanged at 0.5%
– Purchase applications were unchanged overall, with FHA purchases increasing slightly
– Refinance applications fell 5% below last year’s pace



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