New York Fed’s Williams says pandemic didn’t end era of very low rates

May 20, 2023by

The natural interest rate, known as r-star — defined as the real short-term interest rate expected to prevail when...

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Former FHA commissioner Dana Wade returns to politics

May 20, 2023by

Dana Wade, the former Federal Housing Administration commissioner who served during the Trump administration, announced a return to politics...

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Mortgage borrowers to see payments increase by 20-40% at renewal: Bank of Canada

May 20, 2023by

The Bank of Canada says it has growing concerns about the ability of households to service their debt, particularly...

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Mounting repurchase costs prompt call for new policy

May 20, 2023by

An industry group that says its members have been hammered hard by expensive buyback demands from government-sponsored enterprises is...

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CrossCountry Mortgage announces new investments in reverse mortgage business

May 20, 2023by

Multi-channel mortgage lender CrossCountry Mortgage (CCM) announced that it is expanding its reverse mortgage division by making additional investments,...

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NRMLA president: A look at state laws impacting the reverse mortgage industry

May 20, 2023by

The first quarter-and-a-half of 2023 has been a wild ride. We have seen huge fluctuations in production, mergers, acquisitions,...

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Second charge lending numbers dip

May 19, 2023by

Second charge lending fell in April 2023 to £106m after a bumper March, according to figures reported to Loans...

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Keystone completes £385m securitisation 

May 19, 2023by

Keystone Property Finance has closed its third securitisation, a £385m package of buy-to-let loans called Hops Hill No.3 plc.  ...

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Nationwide reports higher profit but reduced lending

May 19, 2023by

Nationwide Building Society reveals increased profits for the year to April but a reduction in mortgage lending. ...

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Nationwide sees profits rise but lending fall

May 19, 2023by

Nationwide Building Society reveals increased profits for the year to April but a reduction in mortgage lending. Underlying profit increased...

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