Landlords still looking to buy but further afield – DPS

By: ameer@trustedteam.com

Despite increased speculation about landlords’ intentions in the UK property market, a new survey by The Deposit Protection Service (DPS) reveals that the majority who intend to buy another...

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Mortgage rates rises will add £9bn to home loans: Cebr  

By: ameer@trustedteam.com

Rising mortgage rates are set to cost homeowners an extra £9bn this year and into 2024, according to the Centre for Economics and Business Research.   ...

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Better lays off its real estate agents ahead of merger

By: ameer@trustedteam.com

Better.com laid off its in-house real estate agents as the battered lender adjusts its operations ahead of a pending merger to go public.The New York City-based company abruptly shut...

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Why higher rates aren’t crashing home prices

By: ameer@trustedteam.com

Home prices aren’t crashing, despite what the housing bubble boys are saying. In fact, home prices have firmed up higher recently. The housing bubble boys are a crew that...

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Bank of America faces lawsuit alleging it charged servicing junk fees

By: ameer@trustedteam.com

Photographer: Stephanie Keith/BloombergStephanie Keith/Bloomberg Bank of America is at the center of a new class-action lawsuit, which claims it unlawfully charged fees to mortgage servicing customers paying by...

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Foreclosure activity jumped in May

By: ameer@trustedteam.com

Distressed mortgage indicators tracked by Attom registered increased activity last month, resuming a slow climb back toward levels seen prior to the pandemic.The total number of default notices, scheduled...

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Industry energy felt by vendors at latest NRMLA conference

By: ameer@trustedteam.com

Reverse originators expressed feelings of optimism at the National Reverse Mortgage Lenders Association (NRMLA) Western Regional Meeting this week. But they weren’t the only industry veterans present. A number...

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Research shows why older adults face a higher rate of mortgage denials

By: ameer@trustedteam.com

Older Americans tend to have higher credit scores, but other factors can lead to denying an older client a mortgage loan, according to an analysis of the trend by...

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Prime rate reaches 22-year high of 6.95% and could rise further as rate-hike expectations grow

By: ameer@trustedteam.com

Variable-rate borrowers will see their interest cost on their next mortgage payment rise as banks and other financial institutions have lifted their prime rates to a 22-year high of...

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HSBC pulls some UK mortgage deals as fears of rising rates hits home buyers once more

By: ameer@trustedteam.com

The U.K.'s biggest bank temporarily withdrew mortgage deals via broker services on Thursday, CNBC understands. A large number of fixed-rate mortgage deals is set to expire this year, leaving homeowners vulnerable...

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