UTB to start accepting ‘passing rent’ figures

By: ameer@trustedteam.com

United Trust Bank (UTB) is to start accepting passing rent figures declared by landlords to a maximum of 10% over the rent verified by a valuer. The bank describes it...

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Ginnie Mae changes HMBS pool eligibility requirements to address liquidity challenges

By: ameer@trustedteam.com

The Government National Mortgage Association (Ginnie Mae) on Friday announced a new policy for its Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program, now allowing the securitization of multiple...

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Wells Fargo hires a D.C., Wall Street insider as its latest vice chair

By: ameer@trustedteam.com

Thomas Nides, who will join Wells Fargo next month, said in a statement that he's "excited to join Wells Fargo at this pivotal time in the company's transformation journey."Kobi...

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Fed governor calls for transparency, accountability in AI models

By: ameer@trustedteam.com

Federal Reserve Gov. Lisa Cook said artificial intelligence could be a boon to the U.S. labor market if workers, employers and policymakers are adequately prepared.Ting Shen/Bloomberg Federal Reserve...

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JPMorgan shutters 14 First Republic branches, more closures expected

By: ameer@trustedteam.com

Enjoy complimentary access to top ideas and insights — selected by our editors. First Republic Bank failed in April and was placed into the receivership with the...

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Fleet Mortgages launch green seven-year fixed rate products

By: ameer@trustedteam.com

Fleet Mortgages has announced the launched new green seven-year fixed rate products aimed at landlords looking for longer-term certainty. The new products are available up to 75% loan-to-value (LTV) for standard,...

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Anniversary of mini budget and a year of mortgage mayhem

By: ameer@trustedteam.com

The date 23 September marks one year since former Prime Minister Liz Truss and Chancellor Kwasi Kwarteng unleashed their mini-budget. As Quilter mortgage expert Karen Noye explains this acted as...

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Rightmove points to lowest mortgage rate since June

By: ameer@trustedteam.com

In its latest mortgage tracker Rightmove reveals we have seen the lowest mortgage rate available within a Loan-To-Value (LTV) bracket dip below 5% for the first time since June...

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Lowest mortgage rate available since June: Rightmove

By: ameer@trustedteam.com

In its latest mortgage tracker Rightmove reveals we have seen the lowest mortgage rate available within a Loan-To-Value (LTV) bracket dip below 5% for the first time since June...

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CFPB outlines sweeping data proposal, drawing swift bank condemnation

By: ameer@trustedteam.com

Vice President Kamala Harris joined Consumer Financial Protection Bureau Director Rohit Chopra in announcing a proposal that would usher in sweeping changes to the way data is collected and...

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