Tipton & Coseley CEO Newton steps down after decade in role

By: ameer@trustedteam.com

The chief executive of Tipton and Coseley Building Society Richard Newton will step down from his role at the end of the year. The Society confirmed that Newton will be...

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Nationwide cuts minimum visa validity to one year for resi loans  

By: ameer@trustedteam.com

Nationwide Building Society has cut the minimum visa validity period required for residential mortgage applications.   The mutual says where an applicant does not have indefinite leave to remain in...

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Why home prices haven’t crashed even with high mortgage rates

By: ameer@trustedteam.com

Weekly housing inventory data We will start with the price cut data percentage because it deserves a detailed explanation. 2022 was a historic year for housing as we had the...

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Mortgage job cuts slow their pace of decline

By: ameer@trustedteam.com

Employment at nonbank mortgage lenders and brokers dropped by just under 1% between September and October, bucking recent national trends according to the Bureau of Labor Statistics latest jobs...

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Wells Fargo settles lawsuit with ex-LO over allegedly discriminatory lending practices

By: ameer@trustedteam.com

A former mortgage consultant who worked for Wells Fargo and ultimately brought a case against the company in a Southern California court over allegedly being fired for complaining about...

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Fed rate-cut exuberance ebbs after jobs data, boosting U.S. yields

By: ameer@trustedteam.com

(Bloomberg) -- Treasury yields surged as traders pared expectations for the Federal Reserve to ease monetary policy aggressively next year after a better-than-forecast jobs report.Benchmark two-year yields, those most...

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Treasury overhauls community development financial institution certification process

By: ameer@trustedteam.com

The Treasury Department Friday issued a long-awaited revision to its community development financial institution certification process, a move that CDFI advocates say provides much-needed updates to the process to...

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How climate risks are influencing home buyers today

By: ameer@trustedteam.com

Housing stakeholders warn climate risks are already influencing home sale activity and disturbing property values, sentiments shared by a larger portion of the mortgage industry. The climate component has helped...

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Ginnie Mae details reverse mortgage actions in 2023 annual report

By: ameer@trustedteam.com

Ginnie Mae released its 2023 annual report this week, touting its additional support for the Federal Housing Administration (FHA)’s Home Equity Conversion Mortgage (HECM) program and its own HECM-backed...

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Is The Housing Market Entering A Recovery Phase?

By: ameer@trustedteam.com

December 8, 2023 After briefly approaching the 8% home loan interest rate range, sources (including real estate company Redfin and NBC.com) report December 2023 conditions might be an indication of...

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