Short-term lender Kuflink doubles profit

By: ameer@trustedteam.com

Short term lender Kuflink reported an annual profit of £1.89m, over double the previous year of £729,122. Kuflink’s chief executive officer Narinder Khattoare  said that against a background of continuing...

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MPowered revamps lending criteria for foreign nationals

By: ameer@trustedteam.com

MPowered Mortgages has changed its lending criteria for high-skilled foreign nationals across its range of products. The lender said the change forms part of its mission to make the mortgage market accessible...

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Brokers fear 1% mortgage deposits will push up house prices  

By: ameer@trustedteam.com

Brokers warn government plans to allow borrowers to buy a home with a 1% deposit may inflate house prices at a time of tight demand.   Prime Minister Rishi Sunak...

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Sesame Bankhall partners with Holloway Friendly

By: ameer@trustedteam.com

Sesame Network and PMS Mortgage Club, part of Sesame Bankhall Group (SBG), have added Holloway Friendly to their protection panels. Mutual society Holloway Friendly offers income protection insurance to support...

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HSBC hires Emma Hollingworth as head of specialist lending

By: ameer@trustedteam.com

HSBC UK has hired Emma Hollingworth as head of specialist lending. Hollingworth has worked in the intermediary mortgage market for 29 years, most recently as managing director of AI-driven lender Mpowered...

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Mortgage rates, inventory and demand rise as price cuts fall

By: ameer@trustedteam.com

Weekly housing inventory data Here is a look at the first week of the year: Weekly inventory change (Jan. 12-19): Inventory rose from 505,223 to 506,414 Same week last year (Jan. 13-20):...

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Capital rule’s impact on mortgage risk offsets worries industry

By: ameer@trustedteam.com

One driver of fears housing finance stakeholders have had about the bank capital proposal's potential for pushing affected depositories out further out of home lending is its disregard for...

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Bill will boost low-income tax credit availability

By: ameer@trustedteam.com

This story was updated to include the vote from the House Ways and Means Committee. January 19, 2024 5:10 PM EST This story was updated to include...

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Rocket Mortgage, UWM forgoing Super Bowl ads

By: ameer@trustedteam.com

Millions of Americans won't be reminded of financing a home this Super Bowl Sunday. Industry giants Rocket Mortgage and United Wholesale Mortgage confirmed they won't be airing advertisements during the...

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Mr. Cooper’s Chris Marshall takes on role at Sagent

By: ameer@trustedteam.com

Mr. Cooper President Chris Marshall is becoming executive chairman role at Sagent, effective immediately, the technology vendor reported Friday afternoon.The move suggests that Marshall, who plans to move out...

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