Long-awaited reverse mortgage revisions to FHA handbook are published

November 1, 2023by

Long-awaited Home Equity Conversion Mortgage (HECM) program guidance revisions to the Federal Housing Administration (FHA)’s Single Family Handbook 4000.1...

Read more

Mortgage interest charges up 68.6%

November 1, 2023by

Living costs for employees have recorded the largest increase out of all household types with a rate almost twice...

Read more

Adjustable-rate mortgage demand jumps nearly 10% as buyers struggle to afford housing market

November 1, 2023by

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 7.86%...

Read more

Minority borrowers pay $200M more in mortgage costs in NY

November 1, 2023by

New analysis out of New York shows the extent historic homeownership gaps are affecting the state's Black and Latino...

Read more

Pepper Money enhances criteria to help affordability

November 1, 2023by

Pepper Money has made enhancements to its lending criteria to help customers maximise their affordability when applying for a...

Read more

Bridging lending rebounds in Q3 as interest rates continue to rise

November 1, 2023by

Bridging loan transactions saw a 15.3% increase in the third quarter, totalling £191m. This is according to the latest...

Read more

October house prices rise but remain ‘extremely weak’: Nationwide  

November 1, 2023by

UK house prices rose 0.9% in the month to October, but are down 3.3% from a year ago, leaving...

Read more

West One Loans launches five-year fixed rate mortgage products

November 1, 2023by

West One Loans has launched its limited edition five-year fixed rate mortgage products for borrowers including first-time buyers and...

Read more

Accord adds tracker mortgages without early repayment charges 

November 1, 2023by

Accord will add a suite of tracker mortgages with no early repayment charges to its residential new business range,...

Read more

Molo Finance to use landlord income and ICR in affordability assessments  

November 1, 2023by

Molo Finance has launched landlord affordability assessments that allow single borrowers to use their income to support mortgage payments, rather...

Read more