Lift the ban on lenders providing down payment assistance on FHA loans: Ted Tozer

By: ameer@trustedteam.com

Before the 2008 housing crisis, home sellers would offer DPA to FHA borrowers and raise the sales price to cover the cost, creating exaggerated losses for the FHA program. The...

Read More

Recession becomes closer call as economists rethink forecasts

By: ameer@trustedteam.com

Some of the forecasters who were first out of the box to predict a U.S. recession are starting to hedge their bets as inflation ebbs and the economy remains...

Read More

‘Nonbank SIFI designations would be ill-suited for servicers’

By: ameer@trustedteam.com

Mortgage and housing trade groups this week pushed back against a Financial Stability Oversight Council proposal aimed at reverting its review process to one in which it would be...

Read More

Serving up solutions

By: ameer@trustedteam.com

Serving up solutions | Mortgage Professional

Read More

One-in-five Americans don’t believe they’ll ever retire

By: ameer@trustedteam.com

A new poll jointly conducted by news organization Axios and polling company Ipsos revealed that one-in-five respondents — or 20% — believe they will never have the opportunity to...

Read More

‘Gasps in the room’ at reverse mortgage event addressing appraisal bias

By: ameer@trustedteam.com

The issue of appraisal bias — where home valuations can come out differently based on individual traits of a homeowner, such as race or age — is top-of-mind for...

Read More

Another Federal Reserve interest rate hike may be coming. Here are 5 ways it could affect you

By: ameer@trustedteam.com

The Federal Reserve will likely raise its target federal funds rate at its meeting next week. Since March 2022, the central bank has hiked its benchmark rate 10 times to a targeted...

Read More

Will Your FHA Home Loan Be Approved?

By: ameer@trustedteam.com

July 21, 2023 Will your FHA home loan be approved or denied? There are several reasons why your loan application could be turned down, and some of those reasons have...

Read More

Increase in over 55s turning to lifetime mortgages

By: ameer@trustedteam.com

More people over the age of 55 are turning to lifetime mortgages in a bid to ease rising costs and interest rates, Bower Home Finance claims. A lifetime mortgage allows...

Read More

LiveMore reduces mortgage rates following swap rates fall

By: ameer@trustedteam.com

Just 24 hours since swap rates reduced, LiveMore has lowered rates across selected mortgage products by up to 55 basis points. Catering for borrowers aged 50-90+, LiveMore’s rate reductions are...

Read More