Fixed rates hit lowest levels in six months: Moneyfacts

December 11, 2023by

The average rates on all loan-to-value tiers across two- and five-year fixed mortgages fell for a fourth consecutive month....

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Pure Retirement offers higher LTVs on heritage range

December 11, 2023by

Lifetime mortgage lender Pure Retirement has announced further loan to value (LTV) reintroductions and criteria improvements across its heritage...

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Skipton BS will write 95% LTV loans for new build flats, cuts rates  

December 11, 2023by

Skipton Building Society will accept applications of up to 95% loan to value for new build flats, in a...

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Tipton & Coseley CEO Newton steps down after decade in role

December 11, 2023by

The chief executive of Tipton and Coseley Building Society Richard Newton will step down from his role at the...

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Nationwide cuts minimum visa validity to one year for resi loans  

December 11, 2023by

Nationwide Building Society has cut the minimum visa validity period required for residential mortgage applications.   The mutual says where...

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Why home prices haven’t crashed even with high mortgage rates

December 10, 2023by

Weekly housing inventory data We will start with the price cut data percentage because it deserves a detailed explanation. 2022...

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Mortgage job cuts slow their pace of decline

December 9, 2023by

Employment at nonbank mortgage lenders and brokers dropped by just under 1% between September and October, bucking recent national...

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Wells Fargo settles lawsuit with ex-LO over allegedly discriminatory lending practices

December 9, 2023by

A former mortgage consultant who worked for Wells Fargo and ultimately brought a case against the company in a...

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Fed rate-cut exuberance ebbs after jobs data, boosting U.S. yields

December 9, 2023by

(Bloomberg) -- Treasury yields surged as traders pared expectations for the Federal Reserve to ease monetary policy aggressively next...

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Treasury overhauls community development financial institution certification process

December 9, 2023by

The Treasury Department Friday issued a long-awaited revision to its community development financial institution certification process, a move that...

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