Mortgage payments rose in April, but so did incomes

By: ameer@trustedteam.com

With mortgage rates still in the mid 6% range, borrowers who received mortgages in April 2023 paid an average of $2,343 a month, up 28% from a year prior....

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New American Funding expands reverse division with new managers

By: ameer@trustedteam.com

Orange County-based multi-channel mortgage lender New American Funding (NAF) announced this week that it further expanded its reverse mortgage division by hiring industry veterans to serve as new divisional...

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Guild delivers $37M loss in Q1 amid CEO transition

By: ameer@trustedteam.com

In the first quarter of 2023, California-based lender Guild Mortgage, which announced a leadership transition in March, continued to face pressures from high mortgage rates and low inventory levels –...

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Flagstar’s EVP on the company’s future with NYCB, Signature 

By: ameer@trustedteam.com

Flagstar Bank, a top-25 U.S. mortgage lender, recently participated in two M&A deals.  In December 2022, the bank concluded the merger with New York Community Bancorp after waiting for regulatory...

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UK house prices dip but more stable market – Halifax

By: ameer@trustedteam.com

UK house prices dipped in April, but the market is more stable, according to the latest Halifax House Price Index. ...

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Brits are being offered no-deposit 100% mortgage loans for the first time since 2008

By: ameer@trustedteam.com

Renters in the U.K. will be able to borrow up to 100% of the value of a property without a guarantor in a new mortgage scheme introduced by Skipton...

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Housing Market Tracker: Spring inventory falls

By: ameer@trustedteam.com

Just when I thought it was safe to say we were getting more traditional spring housing inventory , we hit a snag last week, as active inventory and new...

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20 states with the lowest average mortgage size

By: ameer@trustedteam.com

Complimentary access to top ideas and insights — curated by our editors. The top five states in the ranking have an average mortgage size for home purchases of $222,964...

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NASCAR team fires back in lender sponsorship lawsuit

By: ameer@trustedteam.com

The NASCAR team suing Equity Prime Mortgage over a broken sponsorship deal is doubling down on its claim the lender pulled back because of a margin call during last...

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NewRez now offers Freddie Mac’s revamped downpayment assistance program

By: ameer@trustedteam.com

Mortgage lender and servicer NewRez on Monday launched a special purpose credit program through Freddie Mac that will provide $3,000 or more in closing cost assistance to qualifying first-time...

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