Somo Bridging has launched a Black Friday promotion giving borrowers a 90% refund on valuation costs. ...
Read MoreLandlords continue to exit the UK property market with the sale of another 151,000 buy-to-let and holiday homes in the year to April 5 2023, according to national accountancy...
Read MoreMortgage rates and the 10-year yield The 10-year yield has had a wild ride this week, especially during overnight trading. The 10-year yield hit a high of 4.93% after hours...
Read MoreTreasury Secretary Janet Yellen, in her capacity as chair of the Financial Stability Oversight Council, approved the passage of a new guidance that would invigorate the council's ability to...
Read MoreThe shockwaves from the recent real estate commissions verdict are still reverberating, and the impacts to the mortgage industry could be numerous. Three major real estate players face at least...
Read MoreTransUnion this week asked the Federal Housing Finance Agency to reconsider a plan to start making an optional reduction in the number of credit reports possible early next year. In...
Read MoreNon-bank originator Change Lending will continue to originate non-qualified mortgages (non-QMs) for underserved borrowers after it reached a tentative deal with the U.S. Department of Treasury that would keep...
Read MoreThe Consumer Financial Protection Bureau (CFPB) this week published a report analyzing state-level community reinvestment laws and ways they promote reinvestment activities for entities including mortgage companies. The 32-page report...
Read MoreCanada’s unemployment rate ticked up two basis points to 5.7% in October, suggesting the Bank of Canada can now remain “firmly on the sidelines,” economists say. The rise in...
Read MoreMortgage shoppers and those with upcoming renewals may see some rate relief next week thanks to a steep drop in bond yields. This week alone, the 5-year Government of Canada...
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