Grant Moon’s BlueForceX sees opportunities to help lenders save costs, grow production

By: ameer@trustedteam.com

Investing in tech to save costs and get business in the door has become ever more important in an origination market facing extended headwinds. Recognizing the opportunities in the mortgage...

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Former Live Well portfolio manager avoids prison time

By: ameer@trustedteam.com

Darren Stumberger, the former portfolio manager and head of the bond trading section of defunct reverse mortgage lender Live Well Financial, was sentenced last Friday to time served on...

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How effective is direct mail reverse mortgage advertising?

By: ameer@trustedteam.com

This past summer, the Consumer Financial Protection Bureau (CFPB) published a report that took a close look at the advertising landscape of the reverse mortgage industry, with a particular...

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CrossCountry in talks to acquire Fairway: sources

By: ameer@trustedteam.com

Two top-20 mortgage lenders in the United States may combine forces amid the most challenging market in decades. CrossCountry Mortgage is in talks to acquire Fairway Independent Mortgage Corp.,...

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Treasuries and oil climb on Israel-Hamas conflict: markets wrap

By: ameer@trustedteam.com

(Bloomberg) --Treasuries climbed with oil amid signs Israel is preparing for a ground invasion of Gaza. Stocks edged lower.US 30-year yields dropped seven basis points to 4.79%, unwinding part...

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Coventry expands 90% product range and cuts rates

By: ameer@trustedteam.com

Coventry for intermediaries has launched two and three-year fixed rate products at 90% LTV, to sit alongside the five- year fixed rate options already available at this LTV bracket. A...

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Weekly rate watch: Fixes continue to fall  

By: ameer@trustedteam.com

Average fixes fell this week as lenders continue to take advantage of the lull in the Bank of England’s rate-raising cycle.    The average rate for two-year fixes fell by...

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Title and wire fraud risk appeared in nearly half of 3Q loans

By: ameer@trustedteam.com

Signs pointing to the threat of wire or title fraud declined from earlier this year but still showed up in nearly half of all third-quarter mortgage transactions, according to...

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Home prices drop by 2.9% in September: E.surv 

By: ameer@trustedteam.com

Average house prices in England and Wales fell 2.9% to £366,348 in the year to September and continue to drop at their fastest pace over the last 12 months...

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Brokers need more support in specialist sector

By: ameer@trustedteam.com

Specialist property finance has seen greater interest from brokers over the last five years but from a low base and there is plenty of scope for growth. This was the...

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