Mortgage borrowers to see payments increase by 20-40% at renewal: Bank of Canada

By: ameer@trustedteam.com

The Bank of Canada says it has growing concerns about the ability of households to service their debt, particularly with mortgage holders facing payment increases of up to 40%...

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Mounting repurchase costs prompt call for new policy

By: ameer@trustedteam.com

An industry group that says its members have been hammered hard by expensive buyback demands from government-sponsored enterprises is asking their oversight agency to consider making an alternative for...

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CrossCountry Mortgage announces new investments in reverse mortgage business

By: ameer@trustedteam.com

Multi-channel mortgage lender CrossCountry Mortgage (CCM) announced that it is expanding its reverse mortgage division by making additional investments, resulting in what it calls “enhancements.” Citing market fluctuations particularly faced...

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NRMLA president: A look at state laws impacting the reverse mortgage industry

By: ameer@trustedteam.com

The first quarter-and-a-half of 2023 has been a wild ride. We have seen huge fluctuations in production, mergers, acquisitions, new entrants into the reverse mortgage space, and less than...

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Second charge lending numbers dip

By: ameer@trustedteam.com

Second charge lending fell in April 2023 to £106m after a bumper March, according to figures reported to Loans Warehouse from second charge lenders. ...

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Keystone completes £385m securitisation 

By: ameer@trustedteam.com

Keystone Property Finance has closed its third securitisation, a £385m package of buy-to-let loans called Hops Hill No.3 plc.  ...

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Nationwide reports higher profit but reduced lending

By: ameer@trustedteam.com

Nationwide Building Society reveals increased profits for the year to April but a reduction in mortgage lending. ...

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Nationwide sees profits rise but lending fall

By: ameer@trustedteam.com

Nationwide Building Society reveals increased profits for the year to April but a reduction in mortgage lending. Underlying profit increased to £2,233m (2022: £1,604m) and statutory profit increased to £2.23bn...

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Mortgage Advice Bureau adds Pam Brown Mortgages to network

By: ameer@trustedteam.com

Pam Brown Mortgages has joined the Mortgage Advice Bureau network.    The Bicester-based family firm, founded in 2000, says joining the network will provide it with access to a larger...

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L&G’s SmartrFit tool adds six lenders

By: ameer@trustedteam.com

Legal & General has added six new buy-to-let rental calculators and one new residential affordability calculator to its free-to-use tech tool, SmartrFit.  ...

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