Cerberus Capital Management to acquire Spring EQ

By: ameer@trustedteam.com

New York-based investment firm Cerberus Capital Management has entered into a definitive agreement to acquire home equity lender Spring EQ, the companies announced on Friday. The terms of the deal were not...

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Home prices lift ahead of the spring selling season – PropTrack

By: ameer@trustedteam.com

Australia property prices have climbed a further 0.28% in August, ahead of the spring selling season, according to the latest PropTrack report. “August marked the eighth consecutive month of national...

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VIC director disqualified by ASIC

By: ameer@trustedteam.com

A Victoria director has been disqualified from managing corporations for three-and-a-half years due to her involvement in the failure of three companies, ASIC has reported. Athina Bragiannis, also known as...

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What can brokers do when clients say they’re struggling?

By: ameer@trustedteam.com

With pressures on consumers and small businesses rising rapidly because of increasing interest rates and the high cost of living, many broker clients may need hardship assistance. In an MFAA...

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Weak GDP data means Bank of Canada rate hikes could be “over and done”

By: ameer@trustedteam.com

Canada’s economy slowed more than expected in the second quarter, raising the likelihood that the Bank of Canada will leave rates unchanged at next week’s policy meeting. Statistics Canada reported...

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Revolution Mortgage enters reverse, appoints Morris as VP

By: ameer@trustedteam.com

Westerville, Ohio-based national mortgage lender Revolution Mortgage has entered into the reverse mortgage business, and has appointed industry veteran Peter Morris to serve as VP of reverse mortgage lending...

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Home prices may be on the verge of cooling off

By: ameer@trustedteam.com

Home prices in July were 2.3% higher than the same month last year, but the monthly gain was lower than historical averages. Mortgage rates remain stubbornly above 7%. New listings rose...

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How Much Should I Save For My FHA Loan Down Payment?

By: ameer@trustedteam.com

September 1, 2023 How much money should a home buyer save for a down payment? The answer can’t be given in dollars and cents because the amount of your down payment...

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Most leading reverse mortgage lenders delivered a profit in Q2, but what’s next?

By: ameer@trustedteam.com

Most publicly traded companies operating in the reverse mortgage space were profitable in the second quarter of 2023 despite the tumultuous events of late 2022, including a major industry...

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FHA Home Loan Rules And Fair Housing Laws

By: ameer@trustedteam.com

August 31, 2023 We report on Fair Housing cases from time to time, a reminder to those looking for housing that there are federal laws that protect against discrimination in...

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