First-time home buyer program reform is the focus of new legislation

By: ameer@trustedteam.com

A bipartisan bill introduced in the Senate Tuesday seeks to streamline two programs for first-time home buyers, which are administered on the state level.Specifically, the bill, dubbed the Affordable...

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FHA handbook with reverse mortgage policy changes is coming soon

By: ameer@trustedteam.com

Changes to the Federal Housing Administration (FHA)’s Single Family Housing Policy Handbook 4000.1, which incorporates reverse mortgage guidance and prior Mortgagee Letter material, will be coming soon. Officials are...

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HomeTown Lenders not paying rent, utilities, employees allege

By: ameer@trustedteam.com

William Taylor, the CEO of Huntsville, Alabama-based HomeTown Lenders, published a video on the company's intranet in late May thanking some of the company's branch managers for paying rent...

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From faxes to AI: Tavant listening to underwriters to develop new platform

By: ameer@trustedteam.com

Now, AI is not the future of the mortgage industry – it is the present. Shannon Johnson (pictured), product manager at Tavant, has worked in the mortgage industry for almost...

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United Wholesale Mortgage terminates MSU sponsorship

By: ameer@trustedteam.com

United Wholesale Mortgage CEO Mat Ishbia may no longer financially support Michigan State University (MSU) athletes to “avoid conflict” with Ishbia’s professional sports teams, the Phoenix Suns and Phoenix...

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First annual house price fall for 11 years – Halifax

By: ameer@trustedteam.com

House prices fell by 1% over the past year — the first annual decline for 11 years — according to Halifax’s latest house price index.  ...

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Affordability pressures impact Q1 mortgage lending

By: ameer@trustedteam.com

UK Finance’s Household Finance Review for first quarter 2023 reveals that squeezed budgets and higher financing costs are bearing down more heavily on affordability for prospective house buyers. ...

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Bridging loans see strong growth despite tough climate

By: ameer@trustedteam.com

Bridging lending continued to grow in the first quarter of 2023, despite an economic slowdown and a more subdued mortgage market.  ...

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Mortgage lending falls in Q1 as affordability pressures increase

By: ameer@trustedteam.com

UK Finance’s Household Finance Review for first quarter 2023 reveals that squeezed budgets and higher financing costs are bearing down more heavily on affordability for prospective house buyers. The same...

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Halifax data shows first annual house price fall for 11 years

By: ameer@trustedteam.com

House prices fell by 1% over the past year — the first annual decline for 11 years — according to Halifax’s latest house price index.  The figures from the UK’s...

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