OSFI calls stress test “incomplete,” seeks to address “problem” of fixed-payment variable-rate mortgages

By: ameer@trustedteam.com

It’s no secret that Canada’s banking regulator has its sights set on fixed-payment variable-rate mortgage products. And OSFI chief Peter Routledge reiterated that point during a speech today. Routledge said...

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Fleet Mortgages promotes Husbands to head of sales as it rejigs team  

By: ameer@trustedteam.com

Fleet Mortgages has promoted Dave Husbands to head of sales as part of a series of changes in its sales division.   ...

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FDIC suing lenders over loans brokered for Washington Mutual

By: ameer@trustedteam.com

The Federal Deposit Insurance Corporation is suing over a dozen mortgage firms in federal courts to recoup funds over loans they brokered over 14 years ago for Washington Mutual. The...

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Fleet promotes Husbands to head of sales as it bolsters team  

By: ameer@trustedteam.com

Fleet Mortgages has promoted Dave Husbands to head of sales as part of a series of changes in its sales division.   The buy-to-let specialist lender says Husbands will oversee...

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Precise Mortgages cuts five-year BTL fixed rates

By: ameer@trustedteam.com

Precise Mortgages has lowered five-year fixed rates across its limited edition buy-to-let range. Five-year fixes now start from 5.24%, while the company is also introducing a new five-year fixed rate...

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Cover feature: Retaining market share

By: ameer@trustedteam.com

Shutterstock / YesPhotographers Amid some of the struggles of today’s market, it can be easy to forget how far the intermediary sector has come. Back in 2014, brokers held only a...

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Some banks don’t track CRE risk on a frequent basis, survey suggests

By: ameer@trustedteam.com

A Moody's survey of 55 banks pointed to office loans as one the riskiest property types. Office loans have been hit by the shift toward remote work at some...

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Four in ten homeowners and renters struggle to make payments: ONS   

By: ameer@trustedteam.com

More than four in ten mortgage holders and renters say they are struggling to afford their housing costs, official data shows.    It found that 42% of mortgaged homeowners and...

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Consumers’ financial capability ‘must be taken into account’

By: ameer@trustedteam.com

MorganAsh managing director Andrew Gething says consumers’ financial capability must be taken into account following reports in The Telegraph that banks and brokers will be allowed to push their...

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Mortgage market ‘awash with rate cuts’: Moneyfacts

By: ameer@trustedteam.com

There have been some ‘eye-catching deals’ this week with the mortgage market ‘awash with rate cuts’, according to Moneyfacts latest rate watch. For two-year fixed all LTVs, the average rate...

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