Average resi two-year fix hits 6% – Moneyfacts

By: ameer@trustedteam.com

The latest mortgage data from Moneyfacts reveals average interest rates hitting the 6% figure. For residential mortgages, the average two-year fixed rate increased from 5.98% on Friday to 6.01% today,...

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Lumin Wealth partners up with Davidson Deem

By: ameer@trustedteam.com

Specialist mortgage adviser Davidson Deem  has joined the Lumin Wealth Management group. Davidson Deem has been providing mortgages services for professionals since 1989, and is led by directors Peter Stokes...

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Asking prices see first June fall since 2017: Rightmove  

By: ameer@trustedteam.com

New seller asking prices fell by an average of £82 this month to £372,812, the first monthly drop in asking prices this year and the first June fall since...

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Rics appoints Young as new CEO

By: ameer@trustedteam.com

The Royal Institution of Chartered Surveyors (Rics) is appointing Justin Young, as Chief Executive Officer.  He will take up his post as CEO on 5 July 2023 replacing  Richard...

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Majority of homeowners worry over BoE rate hike: Octane  

By: ameer@trustedteam.com

More than half of homeowners worry that their mortgages will rise if the Bank of England hikes the base rate for the 13th time in a row this week,...

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Mortgage points may help home buyers lower monthly costs amid high interest rates

By: ameer@trustedteam.com

Interest rates are expected to stay high for the foreseeable future, which has made mortgages more expensive. Experts say there's a strategy that can help homebuyers reduce monthly costs. More homebuyers...

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Opinion: Ginnie Mae cash window would help lenders, borrowers

By: ameer@trustedteam.com

The Government National Mortgage Association – also known as Ginnie Mae – is a remarkable innovation and a proven success.  As the Ginnie Mae web site notes: “When the surge...

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Ex-employee sues CrossCountry, branch manager for sexual harassment, retaliation

By: ameer@trustedteam.com

A representative for CrossCountry and Christina Nielsen’s attorney did not return a request for comments. Bocca and Nielsen did not respond to interview requests.  The lawsuit states that Nielsen filed...

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SimpleNexus integrates with Empower, Black Knight’s LOS

By: ameer@trustedteam.com

SimpleNexus, a homeownership platform developer for loan officers, borrowers, real estate agents, and settlement agents, announced this week a new integration with Empower, the loan origination system (LOS) from...

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MBA defends servicers on heels of HUD OIG loss mitigation report

By: ameer@trustedteam.com

The Mortgage Bankers Association (MBA) is highlighting the challenges and successes that the COVID-19 pandemic created for mortgage servicers in response to a series of reports published this week...

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