Atom cuts SME rates, raises proc fees  

By: ameer@trustedteam.com

Atom bank has cut rates on its recovery loan scheme and standard secured loans for small businesses, while lifting procuration fees for brokers. The digital lender says its variable product...

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Vida unveils Premier Packager Club

By: ameer@trustedteam.com

Vida is introducing a new packager proposition designed with and for key partners. The Premier Packager Club includes a new packager exclusive credit tier and a dedicated page on their...

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Alternative Bridging Corporation appoints McDonough as BDM

By: ameer@trustedteam.com

Alternative Bridging Corporation is appointing James McDonough as its new business development manager (BDM). McDonough has financial services experience dating back to 2015 and has previously worked as a broker...

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Consumer confidence in housing market sees slight improvement

By: ameer@trustedteam.com

Consumer confidence levels in the housing market remain low, according to Fannie Mae.The government-sponsored entity's Home Purchase Sentiment Index, which measures consumer perceptions on housing, increased only marginally this...

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What does the fix-and-flip market look like right now?

By: ameer@trustedteam.com

The fix-and-flip market has seen a boom in recent years, with more than 407,000 homes flipped in 2022, a 14% increase from 2021 and a 58% increase from 2020,...

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Job gains slow in June, but are probably still too hot to sway the Fed

By: ameer@trustedteam.com

The labor market is moderating gracefully, but conditions remain too hot for the Fed’s liking. Job gains were relatively solid yet again in June, with total nonfarm payroll employment...

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Will labor data send mortgage rates to 8%?

By: ameer@trustedteam.com

From the St. Louis Fed: Initial claims for unemployment insurance benefits increased by 12,000 in the week ended July 1, to 248,000. The four-week moving average fell, to 253,250. Mortgage...

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FHFA rule change could expand the number of suspended counterparties

By: ameer@trustedteam.com

The Federal Housing Finance Administration is looking to make it easier to put entities and people into its Suspended Counterparty Program, a proposed rule change states.This would require Fannie...

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HMBS issuance reaches a high point for 2023

By: ameer@trustedteam.com

While the year got off to a rocky start for Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS), issuance in June was at the highest point for 2023. While that’s...

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Unemployment rate rises to 5.4% despite job growth. BoC rate hike still on track

By: ameer@trustedteam.com

The creation of 60,000 new jobs in June wasn’t enough to keep the national unemployment rate from rising to a seven-month high. The June employment report released by Statistics...

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