Barclays profit falls 15% to £7bn, despite value of home loans business rising  

By: ameer@trustedteam.com

The high street bank says UK mortgage balances lifted 2.6% to 162.2bn in the period compared to a year ago. Its overall loans and advances to customers fell 2%...

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20 residential servicers ranked by subservicing for others in Q3

By: ameer@trustedteam.com

The top five residential servicers in our ranking have a combined unpaid principal balance of more than $1 trillion at the end of Q3. Many lenders saw an increase...

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Mortgage demand drops as interest rates bounce higher

By: ameer@trustedteam.com

Total mortgage application volume fell 7.7% last week as mortgage rates jumped higher. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances increased to 6.39% last...

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A closer look at how reverse mortgages can fund ADU construction

By: ameer@trustedteam.com

Accessory dwelling units (ADUs) are growing in popularity as potential options for senior housing in their later years. Many seniors want to live independently but be near to family...

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Stewart addresses its entrance into the reverse mortgage space

By: ameer@trustedteam.com

Leading title insurance company Stewart Information Services Corporation (NYSE:STC) recently noted in an earnings call that it saw weaker financial results in Q4 2022 compared to the same period...

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Mortgage prices plunge: Why twisting is cheaper than sticking

By: ameer@trustedteam.com

Are you due to remortgage and wondering whether it’s better to do nothing and revert to your lender’s default rate until interest rates drop? ...

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Status quo ‘is not acceptable’ for Home Loan banks, FHFA chief says

By: ameer@trustedteam.com

Federal Housing Finance Agency Director Sandra Thompson is calling for an end to "the status quo" at the Federal Home Loan Bank System and for more funding for underserved,...

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LiveMore Capital sets up social bond framework

By: ameer@trustedteam.com

LiveMore Capital has set up a social bond framework as part of its environmental, social and governance (ESG) strategy. Social bonds are used to finance projects which address social issues,...

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West One Loans adds SimplyBiz Mortgages to resi panel

By: ameer@trustedteam.com

West One Loans has added SimplyBiz Mortgages to its residential mortgage intermediary panel. The addition of SimplyBiz will allow the mortgage club’s directly authorised to access West One’s specialist residential...

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Pepper Money hires Voss as CFO after former head takes ESG role

By: ameer@trustedteam.com

Pepper Money has hired Andrew Voss as chief financial officer at the specialist lender.   He replaces the firm’s previous chief financial officer, Anthony Keeble, who moves into the newly-created...

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