Bigger-than-expected inflation drop boosts BoE cut rate hopes  

By: ameer@trustedteam.com

Inflation fell by a larger-than-expected 3.9% in the year to November, posting its lowest level for more than two years, official data shows.   ...

Read More

Barry Carter steps up to CEO at Hinckley & Rugby

By: ameer@trustedteam.com

Hinckley & Rugby Building Society has appointed Barry Carter as chief executive as of 2 January 2024. ...

Read More

Average UK house prices fall by 1.2% in October

By: ameer@trustedteam.com

The average UK house prices decreased by 1.2% in the 12 months to October 2023, according to latest figures from the ONS House Price Index. This was down from a...

Read More

Rents lift 6.2% in November: ONS  

By: ameer@trustedteam.com

UK private rents edged up 6.2% in the year to November, from 6.1% 12 months ago, according to the Office for National Statistics.   ...

Read More

Average UK house prices fall by 1.2% in October

By: ameer@trustedteam.com

The average UK house prices decreased by 1.2% in the 12 months to October 2023, according to latest figures from the ONS House Price Index. ...

Read More

Tipton & Coseley cuts shared ownership rates by 15bps

By: ameer@trustedteam.com

Tipton & Coseley Building Society has reduced rates across its shared ownership mortgage range by 15 base points. ...

Read More

How new FCC rules closing the ‘lead gen loophole’ could impact mortgage professionals

By: ameer@trustedteam.com

The Federal Communications Commission (FCC) last week released a new order amending its “express consent” rules for the Telephone Consumer Protection Act (TCPA), which closes the “lead generator loophole”...

Read More

13,000 CIBC mortgage clients have come out of negative amortization

By: ameer@trustedteam.com

Over the past three months, roughly 13,000 CIBC clients have taken action to bring their mortgages out of negative amortization. Negative amortization can impact fixed-payment variable rate mortgage clients...

Read More

Success in 2024 depends on using 2023’s lessons

By: ameer@trustedteam.com

The mortgage industry took it on the chin in 2023, with many of those same factors hurting it now likely to affect next year's profitability.That includes the Fed's own...

Read More

Banks’ office loans: 44% said to be underwater amid soaring vacancies

By: ameer@trustedteam.com

A pedestrian exits a building in San Francisco's financial district in July 2022. An estimated 44.6% of U.S. banks' office loans currently have balances that are larger than the...

Read More