Suffolk Building Society re-enters shared ownership market

By: ameer@trustedteam.com

Suffolk Building Society has re-entered the shared ownership market with a new competitive two-year fixed rate product. The new shared ownership mortgage is available at 6.09% until 31 January 2026....

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HousingWire Magazine: October/November 2023

By: ameer@trustedteam.com

HousingWire Editor in Chief Sarah Wheeler and Brena Nath, director of HW+ and events at HousingWire. On HousingWire branding calls earlier this year, someone asked us what our tagline, “Moving...

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HousingWire Magazine: October/November Supplement

By: ameer@trustedteam.com

Jessica Davis, content editor, HousingWire Content Studio. Perhaps the only predictable thing about the mortgage industry is its unpredictability. We all know the market is cyclical, but no one enjoys...

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Interest rates are 200 bps higher than they should be due to government spending: Scotiabank

By: ameer@trustedteam.com

Canadian interest rates are about 200 basis points higher than they otherwise would be due to government spending at all levels, including billions spent on pandemic relief. That’s the...

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Where there’s a Will, there’s a way…

By: ameer@trustedteam.com

In the spotlight for this week’s MPA Talk is Jason Will, who is senior vice president of growth at Embrace Home Loans, and based in Tampa, Florida. Will reflects...

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Landbay cuts rates on two and five-year fixed products

By: ameer@trustedteam.com

Specialist buy-to-let lender Landbay has announced further rate reductions across its two-year and five-year fixed rate products. Rates on Landbay’s two-year fixed standard and like-for-like range have been reduced by...

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Home improvement loans: growth opportunities and challenges

By: ameer@trustedteam.com

As mortgage rates began ramping up in early 2022, leaving borrowers with virtually no incentive to refinance, a wave of nonbanks introduced home equity lines of credit, a popular...

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Have lower mortgage rates already boosted housing demand?

By: ameer@trustedteam.com

Purchase application data Last year, when mortgage rates fell from 7.37% to 5.99%, we got three good months of positive purchase application data until the first week of February before...

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HMBS portfolio poses ‘significant risk’ to HUD in 2024

By: ameer@trustedteam.com

Ginnie Mae’s portfolio of Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) poses a “significant risk” to the U.S. Department of Housing and Urban Development (HUD) in 2024.The risk stems...

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Movement sues Summit, former veteran sales executives for poaching

By: ameer@trustedteam.com

A spokesperson for Movement said the company had no comment. L. Scott Bruggemann, senior vice president and general counsel at Summit, said the company continues to compete for talented individuals...

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