UTB reduces second charge rates by up to 70bps, raises LTI cap  

By: ameer@trustedteam.com

United Trust Bank Mortgages for Intermediaries has cut interest rates across its second charge range by up to 70 basis points, with five-year fixes for prime borrowers starting at...

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Summit Funding secures top talent

By: ameer@trustedteam.com

In a statement, Rigdon said his goal is to “implement forward-thinking marketing strategies that not only elevate our brand but also provide tangible benefits to our loan officers and...

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Newrez’s affordable lending program targets first-time homebuyers in MSAs

By: ameer@trustedteam.com

RezFund doesn’t have applicable income limits, with a lender contribution of up to $8,000 for down payment and/or closing costs. The program is currently available in numerous MSAs across the...

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Mortgage rates today drop to levels not seen since mid-2023

By: ameer@trustedteam.com

“Mortgage rates decreased this week, reaching their lowest level since May of 2023,” Freddie Mac chief economist Sam Khater said in the report. “This is an encouraging development for...

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Turning point for mortgage industry: Fannie Mae’s 2024 projections

By: ameer@trustedteam.com

The ESR Group’s forecast also predicted home price growth moderation in 2024, with an expected increase of 3.2% over the year, a slowdown from the 7.1% rise in 2023. Additionally,...

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Tributes pour in for industry ‘legend’

By: ameer@trustedteam.com

“He was filled with energy and great optimism about what the future holds for our industry,” Nichols wrote. “Truly inspirational. What a gift to us all! I view David...

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Mortgages for Business rebrands to Mortgage Finance Brokers

By: ameer@trustedteam.com

Mortgages for Business has rebranded to Mortgage Finance Brokers to reflect the fact it offers ‘mortgages for everybody’ not just commercial customers. ...

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Furness Building Society intros holiday let products from 5.93%  

By: ameer@trustedteam.com

Furness Building Society has launched two holiday let loans for properties across England, Scotland and Wales.   ...

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Perenna joins Twenty7tec’s Source search engine   

By: ameer@trustedteam.com

Mortgage platform Twenty7tec has added Perenna to its Source search engine, as the long-term lender broadens its distribution.  ...

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Industry welcomes proposed reforms to Building Societies Act

By: ameer@trustedteam.com

The mortgage industry has welcomed the proposed reforms to the Building Societies Act 1986.   The Act’s Amendment Bill will have its second reading in the House of Commons tomorrow (19th...

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