United Trust Bank lifts maximum standard bridging loan to 75% LTV  

By: ameer@trustedteam.com

United Trust Bank has lifted its maximum loan-to-value ratio for first charge standard bridging loans to 75% from 70%.   The specialist bank says the new maximum LTV applies to...

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Second charge mortgage lending down 13% in October  

By: ameer@trustedteam.com

 The second charge mortgage market reported a fall in business volumes in October with lending figures down by 13%. The market failed to sustain the strong performance recorded last year,...

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FTBs sizing down to step onto property ladder

By: ameer@trustedteam.com

First-time buyers are increasingly choosing smaller properties in order to get on the housing ladder. This is according to a survey of 500 practicing valuers and surveyors by e.surv. Uncertainty surrounding...

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Opinion: To support low-income borrowers, return Fannie Mae and Freddie Mac to the private sector

By: ameer@trustedteam.com

Since the 2008 housing crisis, there have been significant changes that prompted the Treasury to place Fannie Mae and Freddie Mac under conservatorship. While the conservatorship has allowed for...

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Adult child-turned-caregiver offers tips for aging in place

By: ameer@trustedteam.com

Aging in place is the dominant preference among a raft of options aging seniors may have for later life. Particularly after the COVID-19 pandemic where congregate care settings emerged...

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Reverse mortgage endorsements see a sharp drop as HMBS issuance falls modestly in November

By: ameer@trustedteam.com

As the reverse mortgage industry prepares to enter a new year with hopes pinned on a higher HECM limit and a potentially friendlier rate environment, industry performance metrics for...

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Pennymac rolls out new home equity loan product for broker partners 

By: ameer@trustedteam.com

California-based Pennymac Financial Services’s broker division, Pennymac TPO, launched a home equity loan product as tappable home equity nears its 2022 peak. “Pennymac’s broker partners can now offer their clients...

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Defunct FGMC, former employees seek $1.75M settlement on WARN Act suit 

By: ameer@trustedteam.com

The now defunct First Guaranty Mortgage Corporation (FGMC) and former employees – who sued the mortgage lender in a class-action suit after an abrupt layoff – are seeking a...

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Saga partners with Tembo on mortgage launch

By: ameer@trustedteam.com

Products and services firm Saga has partnered with digital mortgage broker Tembo to launch Saga Mortgages. Saga customers can access a specialised digital and in-person service, curated to cater for...

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Three quarters of landlords have hiked rent in 2023

By: ameer@trustedteam.com

Three in four buy-to-let landlords (76%) have raised rent over the past year with the main reason being to cover higher mortgage costs, according to the latest Landbay survey. Over...

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