UTB’s Shackleton promoted to business development manager

By: ameer@trustedteam.com

United Trust Bank has promoted Rachel Shackleton to the role of business development manager with immediate effect. Shackleton joined the lender’s marketing team in 2018, moving to its mortgage division...

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Scottish house prices flat, transactions slow: Walker Fraser Steele 

By: ameer@trustedteam.com

The average house price in Scotland edged 0.6% higher to £223,655 in the year to August compared to a year ago, as transactions slowed.  House sales for the first eight months...

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Vistry trading update reinforces pressures on UK housebuilders

By: ameer@trustedteam.com

UK Housebuilder Vistry expects a £40m hit to its profits and the loss of 200 jobs as it closes its struggling private housebuilding arm to concentrate exclusively on affordable...

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Autumn Statement options could assist first time buyers

By: ameer@trustedteam.com

Hints have been dropped that in the soon-to-be-made Autumn Statement the Treasury may announce plans to extend the mortgage guarantee scheme to support first-time buyers. Mortgage Advice Bureau deputy CEO...

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The housing market was already painful, ugly and anxious. Now the 8% mortgage rate is back

By: ameer@trustedteam.com

Housing prices are high, supply is tight and rates are surging. The housing market is scaring off both buyers and sellers. "A lot of people just want to sit tight and...

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DOJ: $107M secured for communities of color in battle against redlining

By: ameer@trustedteam.com

The U.S. Department of Justice (DOJ) announced this week that it has secured $107 million in judgments and enforcement actions against banks and mortgage lenders to combat the practice...

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Regulators extend comment period on Basel III endgame proposal

By: ameer@trustedteam.com

The Federal Reserve, Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency have extended the deadline to comment on their so-called Basel III endgame proposal....

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Fitch downgrades Finance of America on losses in strategic shift

By: ameer@trustedteam.com

The costs of Finance of America's repositioning have led Fitch Ratings to make a downward revision to the company's long-term issuer default rating.The rating action followed a regular review...

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As the US population ages, Seattle assesses its ability to evolve

By: ameer@trustedteam.com

If it hasn’t become clear already, the U.S. population is aging at an accelerated rate when compared with prior generations. For some communities, that has required a re-assessment of...

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Reverse mortgage executives on how to navigate soaring rates

By: ameer@trustedteam.com

Sky-high mortgage rates have made it difficult for industry pros to connect with new and existing borrowers. Refinance business is paltry, while new originations are harder to come by...

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