Better announces launch of fully digital VA loans

By: ameer@trustedteam.com

“With Better’s VA Loans, we are opening the door for even more hardworking Americans who have served their country to achieve the American Dream of homeownership.” For qualified borrowers, the...

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Valley National Bank, heavy on CRE, is confident despite investor worry

By: ameer@trustedteam.com

Valley National Bancorp's stock price has fallen 17% since turmoil hit New York Community Bancorp, which also has a concentration in commercial real estate lending. "Not all CRE portfolios...

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Premium Mortgage latest lender to face data breach lawsuit

By: ameer@trustedteam.com

A consumer has filed yet another class action lawsuit against a lender over a recently disclosed data breach, suggesting she's already suffered from the hack.Toni Hyde, who obtained a...

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TSB raises residential rates by as much as 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.  ...

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Freddie Mac reports ‘solid financial results’ in 2023 earnings report

By: ameer@trustedteam.com

Government-sponsored enterprise (GSE) Freddie Mac reported a 65% annualized increase in income stemming from its single-family mortgage programs in fourth-quarter 2023, along with a 13% increase in net income...

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Canada’s average rent price hit a new record of nearly $2,200 in January

By: ameer@trustedteam.com

The average asking rent in Canada continued to creep higher in January, reaching a new record high of nearly $2,200. Average rent prices were up another 0.8% month-over-month, resulting...

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Construction output falls 1.3% in Q4 as new projects dip: ONS

By: ameer@trustedteam.com

Construction output fell by 1.3% in the final three months of last year compared with the previous quarter, as a 5% fall in new work offset a 4% rise in...

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HTB hires Lucas Cutts as relationship manager

By: ameer@trustedteam.com

Hampshire Trust Bank (HTB) has expanded its development finance team with the addition of Lucas Cutts as relationship manager for London and the South East. Cutts has worked in property...

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Equity Release Council strengthens consumer protections

By: ameer@trustedteam.com

Equity Release Council members will need to discuss income and spending with borrowers as part of the advice process under new consumer protections that come into force next month. The...

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Construction work falls 1.3% in Q4 as new projects ease: ONS

By: ameer@trustedteam.com

Construction output fell by 1.3% in the final three months of last year compared with the previous quarter, as a 5% fall in new work offset a 4% rise in...

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