GSE loan buybacks “catastrophic” for some lenders, frustrated wholesale leaders say

By: ameer@trustedteam.com

Top advocates for the wholesale channel criticized the increased volume of loan buybacks from government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac amid a shrinking mortgage market.  In a session...

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Home affordability initiatives need to come at the fiscal level, says MBS Lives’ Matthew Graham

By: ameer@trustedteam.com

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Matthew Graham, chief operating officer at Mortgage News Daily, and CNBC's Diana Olick join 'The Exchange' to...

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Buying A Home In A Difficult Housing Market

By: ameer@trustedteam.com

October 6, 2023 Do you plan to buy a home in 2024? If you are currently planning and saving for your loan, you likely have seen headlines predicting a tough...

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Coventry for intermediaries reduces resi, landlord rates by up to 45bps  

By: ameer@trustedteam.com

Coventry for intermediaries has cut the majority of its residential fixed-rate offers by up to 45 basis points and its buy-to-let fixes by up to 20bps.   ...

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UK house prices continue to fall

By: ameer@trustedteam.com

UK house prices fell further in September, edging down by 0.4% on a monthly basis, according to the Halifax House Price Index for September. ...

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House prices fall by 0.4% in September but market shows ‘resilience’

By: ameer@trustedteam.com

House prices fell for the sixth month in a row but the rate at which they are tumbling is slowing. This is...

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FHA Loans, Bank Accounts, And Verifiable Income

By: ameer@trustedteam.com

October 5, 2023 Some FHA borrowers want to know if they can use a business bank account for verifiable income purposes when applying for an FHA mortgage. Unfortunately, this question is...

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Aldermore cuts BTL, resi rates by up to 65bps  

By: ameer@trustedteam.com

Aldermore has relaunched a range of products across its landlord and residential mortgages for new and existing customers by up to 65 basis points.   Highlights of the bank’s changes include:    Buy...

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A week of hefty rate reductions: Moneyfacts

By: ameer@trustedteam.com

For another consecutive week, fixed rate reductions took charge in the mortgage market, with some providers making hefty reductions. As Moneyfacts finance expert Rachel Springall explains: “The surge of cuts...

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Hodge enhances criteria for later life mortgage products

By: ameer@trustedteam.com

Hodge is introducing significant criteria enhancements to its later life mortgage products in response to the ongoing cost of living crisis. From 9 October, Hodge will increase income multiples on...

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