U.S. homeowner equity climbs to a record high

By: ameer@trustedteam.com

The share of U.S. mortgage borrowers who are equity-rich climbed to a new high last quarter as the housing market rebounded.Equity-rich mortgages — those that have a loan-to value...

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Rocket returns to top of servicer satisfaction study

By: ameer@trustedteam.com

Rocket Mortgage regained the top spot in terms of consumer satisfaction with their mortgage servicer, scoring higher than it did in 2022 at a time when general consumer contentment...

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New-home sales fall for first time since February

By: ameer@trustedteam.com

U.S. new-home sales declined in June for the first time in four months, suggesting high borrowing costs and prices are restraining momentum in the market.Purchases of new single-family homes...

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Second feature: Rise of borrowers with credit blips

By: ameer@trustedteam.com

ShutterstockMortgage brokers are receiving more applications from customers who have experienced credit problems, as the cost-of-living crisis, much higher interest rates and the financial disruption during Covid start to...

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Lenders show decent profit but tough times ahead

By: ameer@trustedteam.com

The Nottingham Building Society reveals a positive financial performance for the half year to end of June, achieving growth in mortgage lending numbers in a challenging environment. The Nottingham shows...

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Coventry cuts resi and BTL rates

By: ameer@trustedteam.com

Coventry for intermediaries has cut rates on two and five-year fixes for residential and buy-to-let new business applications. Residential rates are being reduced by between 22 and 54 basis points...

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The good news? The Fed doesn’t expect a recession. The bad news? Housing.

By: ameer@trustedteam.com

After a year’s worth of warnings about a recession, Federal Reserve chair Jerome Powell said Wednesday that the central bank’s staff no longer forecasts a nationwide economic downturn. It’s...

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June quarter inflation rises 0.8%

By: ameer@trustedteam.com

Inflation rose 0.8% in the June 2023 quarter and 6% annually, according to the latest data from the Australian Bureau of Statistics, released on Wednesday. This is a marked improvement...

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More homeowners insurance providers are pulling back in Florida

By: ameer@trustedteam.com

Wild weather and rampant litigation continue to batter the Florida homeowners insurance market. Farmers Insurance is discontinuing automobile, home and umbrella policies for Sunshine State residents, while AAA is sunsetting...

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Blog: Duplication of tasks is wasting time for home buyers

By: ameer@trustedteam.com

One of the major ‘sticking points’ when it comes to delivering a smoother process for home buying and selling is undoubtedly the duplication of tasks that many stakeholders feel...

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