LendInvest partners with 14 packager firms to roll out new resi product

By: ameer@trustedteam.com

LendInvest has partnered with 14 of its packager firms to continue the rollout of its new residential homeowner product. Partner firms include Dynamo, Brightstar, 3MC and Mortgages for Business. Brokers will...

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Budget 2023: The property industry draws up its wishlist for the Chancellor  

By: ameer@trustedteam.com

When Chancellor Jeremy Hunt delivers his first full Budget on Wednesday he will attempt to address rising inflation and the cost-of-living crisis — but he also faces calls from...

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Knowledge Bank launches Consumer Duty tool

By: ameer@trustedteam.com

Knowledge Bank has launched software to help lenders and brokers comply with upcoming Consumer Duty regulations.   The criteria platform says the tool “will help with the early identification of...

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Value of new mortgage commitments drops at end of 2022: BoE

By: ameer@trustedteam.com

The value of new mortgage commitments in the final quarter of 2022 stood at £58.4bn, says the Bank of England (BoE) in its new Mortgage Lenders and Administrators Statistics...

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Will the Fed’s new liquidity facility restore confidence?

By: ameer@trustedteam.com

The Marriner S. Eccles Federal Reserve building in Washington, D.C. on Monday, one day after the Fed announced the Bank Term Funding Program, which offers banks, credit unions and...

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Biggest plunge in bond yields since Volcker era on bank fears

By: ameer@trustedteam.com

The shift in short-term interest rate markets Monday was unlike almost anything seen for more than four decades, including even the 2008 financial crisis and the aftermath of the...

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Collapse of Silicon Valley Bank sees swap rates fall by 0.4%

By: ameer@trustedteam.com

The collapse of tech-focussed Silicon Valley Bank (SVB) has seen swap rates “nosedive” with 0.4% off the money market rates since Thursday’s close. Since October last year, mortgage rates have...

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Moody’s puts First Republic, five U.S. banks on downgrade watch

By: ameer@trustedteam.com

Moody's Investors Service placed First Republic Bank and five other U.S. lenders on review for downgrade, the latest sign of concern over the health of regional financial firms following...

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New mortgage commitment value falls in Q4 2022, says BoE

By: ameer@trustedteam.com

The value of new mortgage commitments in the final quarter of 2022 stood at £58.4bn, says the Bank of England (BoE) in its new Mortgage Lenders and Administrators Statistics...

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Silicon Valley Bank’s ‘old-fashioned’ failure highlights lingering risks

By: ameer@trustedteam.com

"The world's maybe a little bit more scary," John Toohig at Raymond James said after the failure of Silicon Valley Bank. "It certainly does bring into focus liquidity and...

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