Sprout settlement rejected by judge who finds executive in contempt

By: ameer@trustedteam.com

A federal bankruptcy judge has rescinded $1.95 million slated for Sprout Mortgage employees who were laid off abruptly last summer, the latest twist in the lender's dramatic shutdown. Over 100...

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Gen H launches sub-5% prices in latest rate cut round  

By: ameer@trustedteam.com

Gen H has cut rates across its entire product range by up to 25 basis points, which will see homebuying bundles and standard five-year deals up to 80% loan...

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CSS partners with Mortgage Intelligence on referral arrangement

By: ameer@trustedteam.com

Countrywide Surveying Services (CSS) has partnered with Mortgage Intelligence on an exclusive referral arrangement for the network’s members. ...

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Metro Bank simplifies worker documents with criteria changes

By: ameer@trustedteam.com

Metro Bank has made criteria changes that simplify the document required for buy-to-let and residential mortgage applications.   ...

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Family BS intros resi and landlord rate cuts of up to 55bps  

By: ameer@trustedteam.com

Family Building Society has cut prices across its residential and buy-to-let fixed-rate ranges by up to 55bps.   ...

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Skipton BS will accept 95% LTV applications on new build flats, reduces rates  

By: ameer@trustedteam.com

Skipton Building Society will accept applications of up to 95% loan to value for new build flats, in a change to its criteria policy aimed at helping first-time buyers....

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TD saw a drop in negatively amortizing mortgages in the fourth quarter

By: ameer@trustedteam.com

TD Bank said “positive payment actions” taken by its mortgage clients have reduced the number of mortgages that currently have a negative amortization. In its fourth-quarter earnings report, the bank...

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Asking prices fall by £7,000 in December: Rightmove  

By: ameer@trustedteam.com

Average UK new seller asking prices fell by a larger-than-expected 1.9% to £355,177 in December, data from Rightmove shows.   Prices usually ease this month due to seasonal factors, but...

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Landbay makes further cuts to five-year product range

By: ameer@trustedteam.com

Buy-to-let lender Landbay has further reduced rate across its standard five-year fixed rate product range by up to six basis points. The product range now starts at 4.65% and...

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Landlords with 10-plus properties aim to increase portfolio

By: ameer@trustedteam.com

Significant structural changes are taking place inside the private rental sector (PRS), according to a survey of more than 1,000 landlord clients of the Deposit Protection Service (DPS). The survey...

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