How PrimeLending plans to grab market share

By: ameer@trustedteam.com

PrimeLending, a Texas-based retail mortgage bank, aims to expand its market share by growing within its existing footprint in a margin-thinning environment. The lender brought on 100 loan officers in...

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Movement Mortgage settles False Claims case for $23.75M

By: ameer@trustedteam.com

Movement Mortgage agreed to a $23.75 million settlement with the Justice Department over allegations that the company violated the False Claims Act by failing to comply with underwriting requirements...

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Australian home prices continue to recover

By: ameer@trustedteam.com

Australian home prices have continued to rebound, lifting 0.3% month-on-month in June, with national prices now just 0.1% lower than they were a year ago, according to the latest...

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Westpac joins Home Guarantee Scheme

By: ameer@trustedteam.com

Westpac has joined the National Housing Finance and Investment Corporation Home Guarantee Scheme. By joining the scheme’s lender panel, Westpac now allows eligible customers with a deposit as little as...

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Inside Morgil’s ‘wonderful world of asset finance’

By: ameer@trustedteam.com

From X-ray machines and beauty salon lasers to golf carts, luxury cars and anything in between, Teoman Morgil’s world allows him to finance the weird and wonderful. “We pride ourselves...

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Senior-held home equity falls to $11.62 trillion in Q1 2023

By: ameer@trustedteam.com

The collective housing wealth for homeowners at or over the age of 62 fell for the second consecutive quarter in Q1 2023, only the second time a drop has...

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Are you a broker or a business owner?

By: ameer@trustedteam.com

The key to success in broking lies in transcending the sales aspect of the job and embracing the role of running a small business, according to two prominent industry...

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Commentary: Why HECM Saver should be revived

By: ameer@trustedteam.com

The Home Equity Conversion Mortgage (HECM) program has long been perceived as a last resort loan option for retirees despite being the best loan for their situation. We can...

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The latest in mortgage news: Fixed rates continued to climb this week

By: ameer@trustedteam.com

While the pace of fixed-rate increases has slowed, lenders continued to bump mortgage rates higher this week, including three of the big banks. All of the big banks are...

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Is an FHA Home Loan Right For You?

By: ameer@trustedteam.com

June 30, 2023 Mortgage loan interest rates have increased significantly since hitting all-time lows in years past. In 2023, some renters are now wondering whether it’s smarter to rent or...

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