NYSE sends second notice to FOA about noncompliance with continued listing standard

By: ameer@trustedteam.com

Finance of America Companies (FOA), parent company of reverse mortgage industry-leading lender Finance of America Reverse (FAR), was notified for the second time on Feb. 12 by the New...

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New Jersey bill seeks to require face-to-face counseling for reverse mortgages

By: ameer@trustedteam.com

A bill introduced in the New Jersey Senate would require face-to-face counseling for the state’s reverse mortgage transactions and would void any loans executed without proof of such counseling...

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For private mortgage insurers, credit is not a concern — yet

By: ameer@trustedteam.com

While 2023 was another financially healthy year for the private mortgage insurance industry, as the business written during and immediately after the pandemic ages, delinquencies are likely to pick...

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Finance of America receives second delisting notice from NYSE

By: ameer@trustedteam.com

For the second time in three months, Finance of America has received a delisting notice from the New York Stock Exchange, the company disclosed in a press release and...

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Loandepot sues to take down copycat logo of competitor

By: ameer@trustedteam.com

The logo and name of Flashhouse LLC's real estate platform fello has an uncanny resemblance to Loandepot's real estate services platform mello, the latter alleges in a recently filed...

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LendInvest offers FTBs 90% LTV two- year fix deals

By: ameer@trustedteam.com

LendInvest Mortgages has announced important changes to its Residential Mortgages product suite including new products and additional options on product fees. LendInvest will now offer a 90% LTV two year...

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NatWest posts highest profit since 2007  

By: ameer@trustedteam.com

NatWest posted annual pre-tax profits that jumped 20% to £6.2bn due to high interest rates, its largest profit since 2007.   The high street bank says: “Retail banking mortgage lending...

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Buyer demand up by 11%: Zoopla

By: ameer@trustedteam.com

Buyer demand has increased by 11% this month compared to February last year, driven by falling mortgage rates and pent-up activity, the latest analysis from Zoopla suggests. Demand, measured by...

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TSB lifts residential rates by up to 15bps 

By: ameer@trustedteam.com

TSB has raised selected fixed-rate loans across its residential, product transfer and additional borrowing ranges by up to 15 basis points.  The high street banks changes cover:  Residential  Two-year first-time buyer and...

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Busy week sees rate increases and product withdrawals

By: ameer@trustedteam.com

There were more rate  increases this week, among the rate cuts, with some lenders  withdrawing certain deals from their range. As Moneyfacts finance expert Rachel Springall points out there were...

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