Fitch downgrades Finance of America on losses in strategic shift

By: ameer@trustedteam.com

The costs of Finance of America's repositioning have led Fitch Ratings to make a downward revision to the company's long-term issuer default rating.The rating action followed a regular review...

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As the US population ages, Seattle assesses its ability to evolve

By: ameer@trustedteam.com

If it hasn’t become clear already, the U.S. population is aging at an accelerated rate when compared with prior generations. For some communities, that has required a re-assessment of...

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Reverse mortgage executives on how to navigate soaring rates

By: ameer@trustedteam.com

Sky-high mortgage rates have made it difficult for industry pros to connect with new and existing borrowers. Refinance business is paltry, while new originations are harder to come by...

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OSFI report reveals largely unknown mortgage exemption: no stress test on insured switches

By: ameer@trustedteam.com

Many in the mortgage industry reacted with surprise after learning about a little but very important nugget buried in an OSFI report released earlier this week. In its report...

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The 10-year Treasury yield just crossed 5% for the first time since 2007. What that means for you

By: ameer@trustedteam.com

The yield on the benchmark 10-year Treasury note, a key barometer for mortgage rates, auto loans and student debt, hit 5% for the first time since 2007 on Thursday.  Borrowing...

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LendInvest launches new loans unit  

By: ameer@trustedteam.com

LendInvest has launched a business division focused on its residential, landlord and bridging customers.   The digital lender says its LendInvest Mortgages unit, will now house products across these three...

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Bridging levels cool as mainstream market steadies

By: ameer@trustedteam.com

After having a big impact on the housing market at the start of the year, bridging lending slowed to a steady pace in the second quarter of 2023. This is...

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Castle Trust Bank raises title insurance limit to £3m  

By: ameer@trustedteam.com

Castle Trust Bank has lifted the maximum loan size on which it can use title insurance by 50% to £3m.  The specialist lender says it is now able to use...

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Castle Trust Bank lifts title insurance maximum to £3m  

By: ameer@trustedteam.com

Castle Trust Bank has lifted the maximum loan size on which it can use title insurance by 50% to £3m.  ...

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Lords committee to analyse accountability of regulators

By: ameer@trustedteam.com

An inquiry will be held to scrutinise the relationship between regulators and the government. The House of Lords Industry and Regulators Committee’ has announced it will look at how regulators...

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