CrossCountry in talks to acquire Fairway: sources

By: ameer@trustedteam.com

Two top-20 mortgage lenders in the United States may combine forces amid the most challenging market in decades. CrossCountry Mortgage is in talks to acquire Fairway Independent Mortgage Corp.,...

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Treasuries and oil climb on Israel-Hamas conflict: markets wrap

By: ameer@trustedteam.com

(Bloomberg) --Treasuries climbed with oil amid signs Israel is preparing for a ground invasion of Gaza. Stocks edged lower.US 30-year yields dropped seven basis points to 4.79%, unwinding part...

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Coventry expands 90% product range and cuts rates

By: ameer@trustedteam.com

Coventry for intermediaries has launched two and three-year fixed rate products at 90% LTV, to sit alongside the five- year fixed rate options already available at this LTV bracket. A...

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Weekly rate watch: Fixes continue to fall  

By: ameer@trustedteam.com

Average fixes fell this week as lenders continue to take advantage of the lull in the Bank of England’s rate-raising cycle.    The average rate for two-year fixes fell by...

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Title and wire fraud risk appeared in nearly half of 3Q loans

By: ameer@trustedteam.com

Signs pointing to the threat of wire or title fraud declined from earlier this year but still showed up in nearly half of all third-quarter mortgage transactions, according to...

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Home prices drop by 2.9% in September: E.surv 

By: ameer@trustedteam.com

Average house prices in England and Wales fell 2.9% to £366,348 in the year to September and continue to drop at their fastest pace over the last 12 months...

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Brokers need more support in specialist sector

By: ameer@trustedteam.com

Specialist property finance has seen greater interest from brokers over the last five years but from a low base and there is plenty of scope for growth. This was the...

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The West Brom cuts 2-year resi rates by up to 46bps   

By: ameer@trustedteam.com

The West Brom has cut the rate of selected products in its two-year fixed-term mortgage range by up to 46 basis points, following reductions earlier this week across its...

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Halifax issues further round of resi rate cuts  

By: ameer@trustedteam.com

Halifax Intermediaries will cut rates on selected two- and five-year fixed-rate homebuyer products on Monday (16 October).   The reductions include a five-year 60% loan-to-value deal at 4.73%, with a...

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Weekly rate watch: Prices slide  

By: ameer@trustedteam.com

Average fixes fell this week as lenders continue to take advantage of the lull in the Bank of England’s rate-raising cycle.    ...

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