Development finance costs static despite rate rises

By: ameer@trustedteam.com

Industry analysis by debt advisory specialists Sirius Property Finance reveals the cost of development finance has increased by just 0.1% since Q1. This comes despite significant interest rate hikes to...

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Barratt numbers further evidence of housebuilding slowdown

By: ameer@trustedteam.com

The UK’s largest housebuilder, Barratt Developments, has seen a significant fall in profits as rising interest rates and the end of help-to-buy dampens first-time buyer demand. In its latest trading statement,...

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Borrowers would run with the bulls to escape their debt, survey finds

By: ameer@trustedteam.com

Eleven percent of Americans would run with the bulls to get out of their debt, a survey by Beyond Finance said. Twelve percent would swim with the sharks, and...

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Florida, Illinois add remote work legislation for originators

By: ameer@trustedteam.com

Florida, Illinois and Nevada recently enacted legislation that will clarify and open up work-from-home opportunities for mortgage loan officers, fueling momentum for a growing movement within the industry. The additions...

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Top-performing UMortgage branch breaks away to start its own shop

By: ameer@trustedteam.com

Separation of a small team from the general department. Start your own business with colleagues. Partnership and collaboration. Dump unnecessary staff and transfer the team core to a new...

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UK banks able to withstand severe economic shock

By: ameer@trustedteam.com

UK banks have sufficient reserves to withstand an extreme economic shock, that is more severe than the 2007-08 financial crisis, and significantly worse than current forecasts, according to the...

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Second charge loans fall by 11% in May: FLA 

By: ameer@trustedteam.com

Second charge new business loans fell by 11% to £120m in May, compared to the same period year ago, according to data from the Finance & Leasing Association, despite...

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Imla and Ami publish lender funding Q&A guide  

By: ameer@trustedteam.com

Imla and Ami have published a joint online guide to lender funding for mortgage professionals, due to “recent and ongoing interest rate volatility”.   The guide – called ‘Understanding lender...

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BoE: UK banks pass latest stress tests

By: ameer@trustedteam.com

Stress testing has shown UK banks would remain resilient even if current economic conditions deteriorated, and there was a macroeconomic shock more severe than the 2007-08 financial crisis. ...

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Purchase applications tick up but remain at a very low level

By: ameer@trustedteam.com

As mortgage rates reached their 2023 peak, mortgage applications rose slightly but remained very low last week.   For the week that ended July 7, mortgage applications rose 0.9% from the...

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