Housing Market Tracker: Mortgage rates fall after SVB failure

By: ameer@trustedteam.com

Last week was wild, and not just for the housing market. We had a 21st-century bank run on Silicon Valley Bank and then the federal government took action over...

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Brokers have had their say in the MFG Rated for Service Awards 2023

By: ameer@trustedteam.com

Welcome to the inaugural Mortgage Finance Gazette Rated for Service Awards, in association with The Openwork Partnership. Click here for full results and analysis The Rated for Service Awards are based...

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MFG Rated for Service Awards 2023 – announcing the top rated lenders in the industry

By: ameer@trustedteam.com

Welcome to the inaugural Mortgage Finance Gazette Rated for Service Awards, in association with The Openwork Partnership. Click here for full results and analysis. The Rated for Service Awards are...

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Regulators shut Signature Bank, pick industry veteran to run bridge bank

By: ameer@trustedteam.com

Greg Carmichael, who retired as CEO of Fifth Third Bancorp in July, will lead the bridge bank formed after the failure of Signature Bank, the FDIC says. Regulators...

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Borrowers shift toward jumbo loans, ARMs as mortgage rates rise

By: ameer@trustedteam.com

Rate and affordability pressures continue to challenge purchase lending, driving homebuyers to alternative loan products. The number of rate locks was down in February from the previous month, but dollar...

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Luxury home sales plunge 45%, with Miami and the Hamptons hit hardest

By: ameer@trustedteam.com

Sales of luxury homes dropped 45% during the three months ended Jan. 31 compared with the same period the year before, according to Redfin. Tight supply and higher rates are...

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Monthly home payments soar

By: ameer@trustedteam.com

Prospective borrowers face record-high monthly payments if they buy a home today, as the traditional spring purchase season begins.The typical homebuyer's monthly payment is $2,563 this week, up 29%...

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