Fixed rates hit lowest levels in six months: Moneyfacts

By: ameer@trustedteam.com

The average rates on all loan-to-value tiers across two- and five-year fixed mortgages fell for a fourth consecutive month. And average rates on a two- and five-year fixed mortgage...

Read More

Pure Retirement offers higher LTVs on heritage range

By: ameer@trustedteam.com

Lifetime mortgage lender Pure Retirement has announced further loan to value (LTV) reintroductions and criteria improvements across its heritage range. The lender said it has reintroduced the higher LTV Super...

Read More

Skipton BS will write 95% LTV loans for new build flats, cuts 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....

Read More

Tipton & Coseley CEO Newton steps down after decade in role

By: ameer@trustedteam.com

The chief executive of Tipton and Coseley Building Society Richard Newton will step down from his role at the end of the year. The Society confirmed that Newton will be...

Read More

Nationwide cuts minimum visa validity to one year for resi loans  

By: ameer@trustedteam.com

Nationwide Building Society has cut the minimum visa validity period required for residential mortgage applications.   The mutual says where an applicant does not have indefinite leave to remain in...

Read More

Why home prices haven’t crashed even with high mortgage rates

By: ameer@trustedteam.com

Weekly housing inventory data We will start with the price cut data percentage because it deserves a detailed explanation. 2022 was a historic year for housing as we had the...

Read More

Mortgage job cuts slow their pace of decline

By: ameer@trustedteam.com

Employment at nonbank mortgage lenders and brokers dropped by just under 1% between September and October, bucking recent national trends according to the Bureau of Labor Statistics latest jobs...

Read More

Wells Fargo settles lawsuit with ex-LO over allegedly discriminatory lending practices

By: ameer@trustedteam.com

A former mortgage consultant who worked for Wells Fargo and ultimately brought a case against the company in a Southern California court over allegedly being fired for complaining about...

Read More

Fed rate-cut exuberance ebbs after jobs data, boosting U.S. yields

By: ameer@trustedteam.com

(Bloomberg) -- Treasury yields surged as traders pared expectations for the Federal Reserve to ease monetary policy aggressively next year after a better-than-forecast jobs report.Benchmark two-year yields, those most...

Read More

Treasury overhauls community development financial institution certification process

By: ameer@trustedteam.com

The Treasury Department Friday issued a long-awaited revision to its community development financial institution certification process, a move that CDFI advocates say provides much-needed updates to the process to...

Read More