House prices in Wales fall for first time in a decade: Principality BS

By: ameer@trustedteam.com

The average price of a home in Wales fell 2.6% to £239,378 in the third quarter from 12 months ago — the first time in a decade that prices...

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TransUnion raises new questions about FHFA’s credit report plan

By: ameer@trustedteam.com

A new study provides more food for thought on Fannie Mae and Freddie Mac's plans to qualify borrowers with scores based on two credit reports rather than three. While the...

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PNC details its job-cut plan, cites a slowdown in lending

By: ameer@trustedteam.com

Amid falling revenue, PNC Financial Services Group said it will trim 4% of its workforce to curtail costs by $325 million and prop up its profitability in 2024.The $557...

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Fannie Mae boosts workforce lending programs

By: ameer@trustedteam.com

Fannie Mae's latest multifamily workforce housing program allows borrowers to decide to restrict the rental income they will receive in order to increase affordability.The Sponsor-Dedicated Workforce product will be...

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Citigroup sees homebuilders beating the S&P 500 over the next month

By: ameer@trustedteam.com

Citigroup Inc. analysts expect a strong performance from homebuilder stocks over the next 30 days, topping the S&P 500 Index in that stretch.A gauge of the shares rebounded 0.7%...

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Fannie Mae, Freddie Mac should be enabled to buy MBS, trade groups say

By: ameer@trustedteam.com

A trio of housing trade groups is suggesting Fannie Mae and Freddie Mac once again be able to purchase mortgage-backed securities, at least on a temporary basis, in an...

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Canadian home prices face downward pressure as inventory builds and sales slow

By: ameer@trustedteam.com

The trend of falling home sales and a growing number of listings continued in September, which observers say should keep downward pressure on prices. On a seasonally adjusted basis,...

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Grant Moon’s BlueForceX sees opportunities to help lenders save costs, grow production

By: ameer@trustedteam.com

Investing in tech to save costs and get business in the door has become ever more important in an origination market facing extended headwinds. Recognizing the opportunities in the mortgage...

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Former Live Well portfolio manager avoids prison time

By: ameer@trustedteam.com

Darren Stumberger, the former portfolio manager and head of the bond trading section of defunct reverse mortgage lender Live Well Financial, was sentenced last Friday to time served on...

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How effective is direct mail reverse mortgage advertising?

By: ameer@trustedteam.com

This past summer, the Consumer Financial Protection Bureau (CFPB) published a report that took a close look at the advertising landscape of the reverse mortgage industry, with a particular...

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