CFPB commits to streamlining servicing rules

By: ameer@trustedteam.com

Some of the consumer protection regulations that govern how mortgage companies offer borrowers home-retention options will be simplified in line with responses to a proposal issued last September."The CFPB...

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Rhode Island law makes mediation upon request a permanent mandate

By: ameer@trustedteam.com

Left to right: Leonela Felix, Dawn Euer Rhode Island enacted a new law this week to make permanent a requirement that servicers provide sufficient mediation and loss mitigation...

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Nearly 30% of households need to reassess retirement income needs

By: ameer@trustedteam.com

Most U.S. households understand where they stand in terms of retirement readiness and preparation, but just under half are either too worried or not worried enough about shoring up...

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Commentary: Why it could make sense for your reverse mortgage borrower to bring cash to close

By: ameer@trustedteam.com

In February of 2022, the 10-year treasury rate was at 1.74%.  Now, just 15 months later, it sits at 3.54%. For a 65-year-old borrower, this results in a principal...

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Despite obstacles, homeownership rate climbs for below-median income households

By: ameer@trustedteam.com

Below-median family income households are overcoming constraints related to increased borrowing costs and home prices and are finding ways to become homeowners, according to Freddie Mac’s latest economic, housing...

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Aldermore appoints Nicola Goldie as head of strategic partnerships and growth  

By: ameer@trustedteam.com

Aldermore says that Nicola Goldie has joined the bank’s property division as head of strategic partnerships and growth.   ...

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Paragon Bank, Vida offer limited edition 2-year BTL deals  

By: ameer@trustedteam.com

Paragon Bank has launched a limited edition discounted standard variable rate product for landlords, while Vida has cut the rate of its two-year buy-to-let limited edition offer.   Paragon says...

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London postcodes top the property price list

By: ameer@trustedteam.com

The latest research by London lettings and estate agent, Benham and Reeves shows that the W1K postcode of Westminster sits top of the table as the nation’s priciest so...

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Second Charge Watch: Seconds are first port of call when times are tough

By: ameer@trustedteam.com

Growth in the second charge market has fluctuated over the past couple of years as the property market continues to grapple with multiple challenges and tumultuous conditions that linger...

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Mortgage searches jump 10% after BoE rate rise: Twenty7tec  

By: ameer@trustedteam.com

Mortgage searches jumped by as much as 10% after the Bank of England raised interest rates last month, data from Twenty7tec shows.   The mortgage data platform says broker home...

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