Affordable options for FTBs plummeted in 2023: Pepper and MBT

By: ameer@trustedteam.com

The number of affordable options for First Time Buyers fell by 40% in 2023, according to the Pepper Money Specialist Lending Study. The study found that 84% of all...

Read More

NFM Lending exec Greg Sher on advocating for IMBs

By: ameer@trustedteam.com

Greg Sher, managing director at NFM Lending, is piping up on topics many in the mortgage industry would balk at discussing on the record.On LinkedIn, Sher has written posts...

Read More

As spring arrives, lenders adjust to a changing marketplace

By: ameer@trustedteam.com

The mortgage industry is largely expecting to encounter a challenging, but improving, 2024 spring buying season. While rates and prices remain higher than what many consumers would prefer, aspiring buyers...

Read More

We could reach 2% inflation by this summer: National Bank

By: ameer@trustedteam.com

Could Canada’s headline inflation rate reach the neutral target of 2% by this summer, a full year sooner than the Bank of Canada’s own forecasts? National Bank of Canada thinks...

Read More

Mortgage rates hold steady at key level for now

By: ameer@trustedteam.com

Mortgage rates have risen recently but they could be much worse than they are today. As someone who doesn’t believe the Federal Reserve has pivoted and that the Fed...

Read More

Texas Capital Bank shoots back at Ginnie Mae over dismissal motion

By: ameer@trustedteam.com

Roughly 24 hours after filing an objection to the U.S. government’s motion to stop the gathering of evidence in a case against Ginnie Mae, Texas Capital Bank (TCB) responded...

Read More

Fed’s Williams says interest-rate cuts are ‘likely later this year’

By: ameer@trustedteam.com

Federal Reserve Bank of New York President John Williams said the economy is headed in the right direction, and it will likely be appropriate to cut interest rates later...

Read More

Tech wave addressing a drop in retention to historic low

By: ameer@trustedteam.com

When it comes to retention some large players are making headway but smaller ones who have fewer resources are still struggling. That's where the latest wave of servicing technology...

Read More

Mortgage rates below 1% to be offered in new homes scheme

By: ameer@trustedteam.com

Virgin Money and Halifax will be offering mortgages with rates potentially below 1% from Monday under a new scheme open to buyers of new build homes. ...

Read More

Rocket lost money last year, so why are its shares up?

By: ameer@trustedteam.com

Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate...

Read More