House asking prices in largest monthly fall for five years: Rightmove  

By: ameer@trustedteam.com

House asking prices from new sellers suffered their sharpest fall for five years this month, while transactions are 10% below 2019 pre-pandemic levels, data from Rightmove shows.   ...

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Paragon Bank cuts five-year fixed-rate by up to 20bps

By: ameer@trustedteam.com

Paragon Bank has announced reduction on its five-year fixed-rate buy-to-let mortgages by 20 basis points (bps). ...

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Housing inventory growth slows to a halt

By: ameer@trustedteam.com

Weekly housing inventory data All I wanted for Thanksgiving and Christmas was just a few weeks of active inventory growth between 11,000 – 17,000. But even with mortgage rates getting...

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Home prices went back up across most markets in 3Q

By: ameer@trustedteam.com

The median U.S. home price headed higher in the third quarter, reversing direction from the first half of the year, but wide variations were reported across markets, the National...

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FHFA sets March deadline for community programs at Home Loan banks

By: ameer@trustedteam.com

By issuing guidance on establishing pilot programs to help the underserved just days after proposing reforms at the Home Loan banks, Federal Housing Finance Agency Director Sandra Thompson is...

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Will falling mortgage rates entice potential homebuyers off the sidelines?

By: ameer@trustedteam.com

The biggest question in the minds of loan originators is whether mortgage rates will fall through the end of 2023, providing some reprieve from the high-rate environment that has...

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Bloomberg article is wrong on VA loan forbearance

By: ameer@trustedteam.com

Many mortgage firms around the U.S. spend a great deal of time and money focusing on the needs of veterans at this time of year. Even with lending volumes...

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Why the Fed’s actions may only go so far to support mortgages

By: ameer@trustedteam.com

Federal Reserve officials are likely to keep limiting their mortgage-backed securities activity to runoff the way the industry would like, but that won't necessarily narrow spreads to Treasuries that...

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Texas Capital secures portion of funds it lent to RMF parent

By: ameer@trustedteam.com

Texas Capital Bank (TCB), a warehouse lender for failed reverse mortgage industry lender Reverse Mortgage Funding (RMF), secured a portion of the $28.6 million debtor-in-possession financing it provided to...

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Foundation cuts rates and adds 7-year BTL product

By: ameer@trustedteam.com

Foundation Home Loans has cut rates on its owner-occupied and buy-to-let product ranges and introduced a new seven-year fixed-rate buy-to-let product. The specialist lender has made cuts of up to...

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