Mortgage demand falls despite a decline in rates

By: ameer@trustedteam.com

30-year fixed mortgage rates declined slightly last week, the first rate drop in three weeks, but it wasn’t enough to boost mortgage demand. Mortgage applications fell last week by 1.2%...

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Black & White hires Tyler as director of intermediaries  

By: ameer@trustedteam.com

Black & White has hired Adam Tyler as director of intermediaries to lead the specialist lender’s new business development.   ...

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Home registrations plummet 40% in Q1: NHBC   

By: ameer@trustedteam.com

The number of new homes registered to be built tumbled 40% to 27,673 in the first three months of the year compared to 12 months ago, data from the...

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Lloyds profits rise on back of higher rates

By: ameer@trustedteam.com

Lloyds Banking Group, which owns Halifax, reveals a 46% surge in profits – owing in large part to higher interest charges for borrowers. ...

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Banking leaders hope First Republic deal ends seven-week crisis

By: ameer@trustedteam.com

The demise of Silicon Valley Bank on March 10 was followed by the collapse of Signature Bank on March 12. And on Monday, First Republic became the third bank...

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NRMLA voices support for FHA ADU rental income proposal

By: ameer@trustedteam.com

The National Reverse Mortgage Lenders Association (NRMLA) submitted comments to the Federal Housing Administration (FHA) in support of its draft Mortgagee Letter (ML) that would allow accessory dwelling units...

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RMF bankruptcy liquidation plan approved by Delaware court

By: ameer@trustedteam.com

Reverse Mortgage Investment Trust (RMIT), parent company of former reverse mortgage industry lender Reverse Mortgage Funding (RMF), was approved for a bankruptcy liquidation plan by Judge Mary Walrath of...

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RBA goes back on inflation attack with rate hike

By: ameer@trustedteam.com

The Reserve Bank of Australia has put further pressure on mortgage borrowers with a decision today to press ahead and raise the official cash rate by an additional 25...

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Nationwide survey indicates UK house prices stabilising

By: ameer@trustedteam.com

UK house prices rose by 0.5% in April after falling for seven consecutive months, Nationwide reveals in its latest house price survey. ...

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‘Squeezed middle’ suffers protection shortfall: Hargreaves Lansdown  

By: ameer@trustedteam.com

Only 44% of households have enough life cover to protect their family – but even this falls to 35% of households with a mortgage, says Hargreaves Lansdown.   ...

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