OSFI report reveals largely unknown mortgage exemption: no stress test on insured switches

By: ameer@trustedteam.com

Many in the mortgage industry reacted with surprise after learning about a little but very important nugget buried in an OSFI report released earlier this week. In its report...

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The 10-year Treasury yield just crossed 5% for the first time since 2007. What that means for you

By: ameer@trustedteam.com

The yield on the benchmark 10-year Treasury note, a key barometer for mortgage rates, auto loans and student debt, hit 5% for the first time since 2007 on Thursday.  Borrowing...

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LendInvest launches new loans unit  

By: ameer@trustedteam.com

LendInvest has launched a business division focused on its residential, landlord and bridging customers.   The digital lender says its LendInvest Mortgages unit, will now house products across these three...

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Bridging levels cool as mainstream market steadies

By: ameer@trustedteam.com

After having a big impact on the housing market at the start of the year, bridging lending slowed to a steady pace in the second quarter of 2023. This is...

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Castle Trust Bank raises title insurance limit to £3m  

By: ameer@trustedteam.com

Castle Trust Bank has lifted the maximum loan size on which it can use title insurance by 50% to £3m.  The specialist lender says it is now able to use...

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Castle Trust Bank lifts title insurance maximum to £3m  

By: ameer@trustedteam.com

Castle Trust Bank has lifted the maximum loan size on which it can use title insurance by 50% to £3m.  ...

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Lords committee to analyse accountability of regulators

By: ameer@trustedteam.com

An inquiry will be held to scrutinise the relationship between regulators and the government. The House of Lords Industry and Regulators Committee’ has announced it will look at how regulators...

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Precise adds 70% LTV resi loans, Kent Reliance launches BTL products   

By: ameer@trustedteam.com

Precise Mortgages has launched a range of 70% loan-to-value products across its residential range, while Kent Reliance has trimmed rates and launched new landlord products.   Both firms are part...

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GSEs give on COVID loans, but not on putbacks

By: ameer@trustedteam.com

Enjoy complimentary access to top ideas and insights — selected by our editors. The Mortgage Bankers Association annual gathering in Philadelphia raised a lot of hopes and expectations for...

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Two and five-year deals continue to fall: Moneyfacts

By: ameer@trustedteam.com

Fixed rate reductions have been the most significant trend in the mortgage market this week, according to moneyfactscompare.co.uk spokesperson James Hyde, with average rates for two and five-year mortgages...

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