No Fed pivot in sight as Powell addresses rate cuts on 60 Minutes

By: ameer@trustedteam.com

There was rampant speculation after the Federal Open Market Committee (FOMC) meeting last week about the timing and number of interest rate cuts this year. In a follow-up interview...

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Intermediary business levels up in Q4: IMLA

By: ameer@trustedteam.com

Confidence has returned to the mortgage market, with sentiment improving steadily month by month in the last quarter of 2023. This is according to the  latest Mortgage Market Tracker report...

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L&G Home Finance launches software integration with Advise Wise  

By: ameer@trustedteam.com

Legal & General Home Finance has updated its software links with the Advise Wise platform, which it says allows advisers to smoothly manage lifetime mortgage applications through its portal.  ...

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Fixed mortgage rates in Canada resume decline amid economic volatility

By: ameer@trustedteam.com

After a short-lived upswing in bond yields last month that nudged some fixed mortgage rates higher, lenders are once again bringing them back down. As we reported previously, a more...

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Nonbank mortgage firms lean into unsecured debt

By: ameer@trustedteam.com

Nonbank mortgage companies are increasingly turning to unsecured debt as the recent rise in interest rates has heightened borrowing needs, and wariness of the short-term, secured financing they typically...

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Delinquent loans on GSE books lowest since 2019

By: ameer@trustedteam.com

Loans delinquent by 12 months or more on the books of the government-sponsored enterprises fell back to near pre-pandemic levels in the first half of 2023, according to a...

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FHA removes mandatory mortgage branch registration requirement

By: ameer@trustedteam.com

The Federal Housing Administration (FHA) on Friday announced that it has published a new final rule that eliminates a current requirement for lenders to register the branch offices where...

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Fairway exits wholesale channel

By: ameer@trustedteam.com

Fairway Independent Mortgage announced on Friday that it is shutting its wholesale mortgage production operation and will now solely operate in the retail channel.The company was targeted by United...

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Labor market posts huge growth

By: ameer@trustedteam.com

The professional and business services sector contributed strongly to January’s labor market growth, adding 74,000 jobs, with employment in health care rising by 70,000 and retail trade tacking on...

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