Fixed mortgage rates in Canada resume decline amid economic volatility

By: ameer@trustedteam.com

After a short-lived upswing in bond yields last month that nudged some fixed mortgage rates higher, lenders are once again bringing them back down. As we reported previously, a more...

Read More

Nonbank mortgage firms lean into unsecured debt

By: ameer@trustedteam.com

Nonbank mortgage companies are increasingly turning to unsecured debt as the recent rise in interest rates has heightened borrowing needs, and wariness of the short-term, secured financing they typically...

Read More

Delinquent loans on GSE books lowest since 2019

By: ameer@trustedteam.com

Loans delinquent by 12 months or more on the books of the government-sponsored enterprises fell back to near pre-pandemic levels in the first half of 2023, according to a...

Read More

FHA removes mandatory mortgage branch registration requirement

By: ameer@trustedteam.com

The Federal Housing Administration (FHA) on Friday announced that it has published a new final rule that eliminates a current requirement for lenders to register the branch offices where...

Read More

Fairway exits wholesale channel

By: ameer@trustedteam.com

Fairway Independent Mortgage announced on Friday that it is shutting its wholesale mortgage production operation and will now solely operate in the retail channel.The company was targeted by United...

Read More

Labor market posts huge growth

By: ameer@trustedteam.com

The professional and business services sector contributed strongly to January’s labor market growth, adding 74,000 jobs, with employment in health care rising by 70,000 and retail trade tacking on...

Read More

LendInvest Mortgages launches broker partners programme   

By: ameer@trustedteam.com

LendInvest Mortgages has launched its Strategic Partners programme for 2024, which rewards brokers who have delivered the highest levels of business to the platform over the last year.    The...

Read More

The Right Mortgage appoints protection development manager

By: ameer@trustedteam.com

The Right Mortgage & Protection Network has appointed Tom Fish as its protection development manager. Fish joins the business from The Right Advice where he was a protection adviser, supporting...

Read More

Rents slip by 0.6% to £1,260 in January: HomeLet  

By: ameer@trustedteam.com

UK rents eased by 0.6% in January to an average of £1,260 per month, the third monthly fall in a row, according to HomeLet.   ...

Read More