FHA re-issues property inspection guidance after mistakenly omitting HECMs

By: ameer@trustedteam.com

The Federal Housing Administration (FHA) on Tuesday published Mortgagee Letter (ML) 2023-20 updating the amounts allowable for property inspection fees for property preservation and protection to align with industry...

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FHA Loan Occupancy Guidelines You Should Know

By: ameer@trustedteam.com

November 17, 2023 Did you know that occupancy is a requirement when you buy a house with an FHA loan? FHA policy for occupancy requires at least one borrower obligated on...

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Keystone Property Finance cuts rates by up to 20 bps

By: ameer@trustedteam.com

Keystone Property Finance has lowered rates for a third consecutive week with products reduced by up to 20 basis points. ...

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Nationwide mortgage lending plummets 62% to 12.1bn  

By: ameer@trustedteam.com

Nationwide said its half-year pre-tax profit lifted 2.1% to £989m from a year ago due to higher income – but mortgage lending plunged 62% to £12.1bn, adding that the...

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Keystone Property Finance cuts rates by up to 20 bps

By: ameer@trustedteam.com

Keystone Property Finance has lowered rates for a third consecutive week with products reduced by up to 20 basis points.   The specialist buy-to-let lender’s standard range now starts from 4.64% for...

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Govt support for first time buyers crucial: Coventry BS

By: ameer@trustedteam.com

If the property market is going to remain stable it needs to stand on firm foundations and a fundamental element of that is a functioning first time buyer market. This...

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Co-op Bank for intermediaries reduces resi, landlord rates by up to 42bps  

By: ameer@trustedteam.com

The Co-operative Bank for intermediaries will cut new business rates across its residential and buy-to-let ranges by up to 42 basis points.   ...

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Co-op Bank for intermediaries cuts resi, BTL rates by up to 42bps  

By: ameer@trustedteam.com

The Co-operative Bank for intermediaries will cut new business rates across its residential and buy-to-let ranges by up to 42 basis points.   The lender’s reductions cover:   Residential   Two-, three-...

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Foundation Home Loans cuts resi, BTL rates by up to 45bps  

By: ameer@trustedteam.com

Foundation Home Loans has cut rates across its buy-to-let and owner-occupied core product ranges by up to 45 basis points.   The broker-only specialist lender says in its BTL core...

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Second Charge Watch: Consolidated effort

By: ameer@trustedteam.com

According to The Money Charity, UK households owed £1,846.5bn at the end of August — an increase of more than £35bn on the previous year, equating to an additional...

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