HMBS issuance reaches a high point for 2023

By: ameer@trustedteam.com

While the year got off to a rocky start for Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS), issuance in June was at the highest point for 2023. While that’s...

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Unemployment rate rises to 5.4% despite job growth. BoC rate hike still on track

By: ameer@trustedteam.com

The creation of 60,000 new jobs in June wasn’t enough to keep the national unemployment rate from rising to a seven-month high. The June employment report released by Statistics...

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Fixed mortgage rates keep rising, and could continue as bond yields near 4%

By: ameer@trustedteam.com

Bond yields ended the week sharply higher, flirting with a key technical level of 4% following the release of overall strong employment data in both Canada and the U.S. In...

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MJ Gleeson sees home sales fall 14%  

By: ameer@trustedteam.com

Housebuilder MJ Gleeson said it sold 1,723 homes over the last year, a 13.8% fall on the previous 12 months, “reflecting the downturn in the wider economy and the...

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HSBC pulls new customer resi range

By: ameer@trustedteam.com

HSBC will halt new residential applications through brokers at 5pm today (7 July).   The high street lender says it will come back with higher new rates on Monday morning....

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Dudley BS reports 58% rise in new mortgage lending

By: ameer@trustedteam.com

Dudley Building Society has reported 58% increase in new mortgage lending following a year of growth across the business. Mortgage lending before repayments totalled £112.3m in 2022/23 – the society’s...

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HPI shows further price fall but sector sees positives

By: ameer@trustedteam.com

UK house prices fell last month at the fastest annual pace since June 2011, the latest Halifax Price Index reveals this morning. ...

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Dudley BS reports 58% increase in new mortgage lending

By: ameer@trustedteam.com

Dudley Building Society has reported 58% increase in new mortgage lending following a year of growth across the business. ...

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Housebuilder MJ Gleeson sees home sales fall 14%  

By: ameer@trustedteam.com

Housebuilder MJ Gleeson said it sold 1,723 homes over the last year, a 13.8% fall on the previous 12 months, “reflecting the downturn in the wider economy and the...

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HSBC withdraws new customer resi range

By: ameer@trustedteam.com

HSBC will halt new residential applications through brokers at 5pm today (7 July).   ...

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