Morris among Tandem Bank sales team made redundant

By: ameer@trustedteam.com

Tandem Bank has made its first charge sales team redundant following the decision to reduce its lending offering. The announcement was made in a LinkedIn post by the bank’s mortgage...

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Surveyors forecast sunny outlook for property market: Rics

By: ameer@trustedteam.com

Surveyors are predicting property prices will bounce back over both the short and longer term, according to the latest monthly residential housing survey from the Royal Institute of Chartered...

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BoE survey shows mortgage defaults on upward trajectory

By: ameer@trustedteam.com

Lenders report that mortgage defaults have continued to rise at the start of this year, according to the latest Bank of England survey, as homeowners struggled with higher mortgage...

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Foreclosures are falling, but they take less time to complete

By: ameer@trustedteam.com

A measure of success with loss-mitigation efforts appears in the drop of recently completed foreclosures, but at the same time, the length of processing times is shortening, despite assistance...

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Angel Oak securitizes $300 million in non-QM loans

By: ameer@trustedteam.com

Angel Oak Mortgage REIT, a real estate finance company specializing in non-QM loans, has priced its latest securitization deal (AOMT 2024-4), backed by approximately $300 million in residential mortgage...

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Rent prices rise as high mortgage rates trap would-be homebuyers

By: ameer@trustedteam.com

Costs deter buyers The average 30-year-fixed mortgage rate currently stands at 6.82%, well below the 23-year high of almost 8% hit in October, but still more than double the all-time...

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VA unveils loan modification program to help veterans avoid foreclosure

By: ameer@trustedteam.com

“The VA should also develop a permanent partial claim option as its preferred home retention solution, in addition to VASP,” he added. “The partial claim worked successfully for borrowers...

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Government to overhaul merger rules

By: ameer@trustedteam.com

Treasurer Jim Chalmers MP has announced that the Albanese Government will reform Australia’s merger rules to make it faster, stronger, simpler, more targeted and more transparent. The changes - which...

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Half of renters and a quarter of borrowers struggling: FCA

By: ameer@trustedteam.com

Half of all renters and a quarter of mortgage borrowers were struggling financially in January, the latest Financial Lives survey by the FCA has found. ...

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Half of renters and a quarter of borrowers struggling: FCA

By: ameer@trustedteam.com

Half of all renters and a quarter of mortgage borrowers were struggling financially in January, the latest Financial Lives survey by the FCA has found. Overall it found that 7.4m...

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