FHA Loans: Existing Construction, New Construction

By: ameer@trustedteam.com

May 23, 2023 Which type of property should you buy? A brand-new home, a house that has been on the market for some time, or a house you propose to...

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Stamp duty tax take falls by £500m in April: HMRC  

By: ameer@trustedteam.com

Tax receipts for stamp duty and annual tax enveloped dwellings fell by £700m to £1.2bn in April, compared to a year ago, data from HMRC shows.   The majority of...

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Signs of stability in mortgage rates – Rightmove

By: ameer@trustedteam.com

Rightmove reveals the latest average mortgage rates in the UK for the week to 23 May. For 85% LTV five-year fixed loans the average rate stays at 4.56% for this...

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Private renters twice as likely to fall into debt: StepChange  

By: ameer@trustedteam.com

Private tenants are twice as likely to have problems managing their debts as the general population, data from charity StepChange shows.   It says 15% of private renters, or 1.1...

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House prices lift 1.8% to hit £372,894 record in May: Rightmove  

By: ameer@trustedteam.com

The average price of a home jumped by 1.8% to a new record of £372,894 in May compared to the previous month, in a delayed response to the higher-than-expected...

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Quantum Mortgages added to TMA Club lender panel

By: ameer@trustedteam.com

TMA Club is adding intermediary-only buy-to-let (BTL) lender Quantum Mortgages to its lender panel. TMA Club’s brokers can now access Quantum Mortgages’ range of BTL products, with an emphasis...

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Off-plan home sales fall to lowest level in a decade: Hamptons 

By: ameer@trustedteam.com

The share of new homes sold off-plan across England & Wales fell to their lowest level in a decade last year, data from Hamptons shows.  ...

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Cenlar, Movement Mortgage, Rithm Capital make leadership moves

By: ameer@trustedteam.com

Mortgage subservicer Cenlar recently made four new appointments, continuing a trend of leadership growth and additions. The company hired servicing veteran Marlon Groen as chief compliance officer. In the...

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FHA Loans and Your Credit

By: ameer@trustedteam.com

May 19, 2023 Lots of people want to know what credit issues will affect the approval of FHA loans. The shortest answer is that it’s a combination of FICO scores,...

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Powell says monetary and financial stability tools work well together

By: ameer@trustedteam.com

Federal Reserve Chair Jerome Powell defended the central bank's use of monetary and financial stability tools during an event on Friday.Bloomberg WASHINGTON — Federal Reserve Chair Jerome Powell...

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