Foundation reduces owner-occupier and BTL rates by up to 0.85%

July 27, 2023by

Foundation Home Loans has announced rate reductions of up to 0.85% on its core owner-occupier product range and 0.60%...

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Lenders report good profits but tough times ahead

July 27, 2023by

The Nottingham Building Society reveals a positive financial performance for the half year to end of June, achieving growth...

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Powell: Banks are working to avoid ‘clunky’ discount window experience

July 27, 2023by

Jerome Powell, chairman of the Federal Reserve, says that more needs to be done to get banks ready to...

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U.S. homeowner equity climbs to a record high

July 27, 2023by

The share of U.S. mortgage borrowers who are equity-rich climbed to a new high last quarter as the housing...

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Rocket returns to top of servicer satisfaction study

July 27, 2023by

Rocket Mortgage regained the top spot in terms of consumer satisfaction with their mortgage servicer, scoring higher than it...

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New-home sales fall for first time since February

July 27, 2023by

U.S. new-home sales declined in June for the first time in four months, suggesting high borrowing costs and prices...

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Second feature: Rise of borrowers with credit blips

July 27, 2023by

ShutterstockMortgage brokers are receiving more applications from customers who have experienced credit problems, as the cost-of-living crisis, much higher...

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Lenders show decent profit but tough times ahead

July 27, 2023by

The Nottingham Building Society reveals a positive financial performance for the half year to end of June, achieving growth...

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Coventry cuts resi and BTL rates

July 27, 2023by

Coventry for intermediaries has cut rates on two and five-year fixes for residential and buy-to-let new business applications. Residential rates...

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The good news? The Fed doesn’t expect a recession. The bad news? Housing.

July 27, 2023by

After a year’s worth of warnings about a recession, Federal Reserve chair Jerome Powell said Wednesday that the central...

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