Why higher rates aren’t crashing home prices

By: ameer@trustedteam.com

Home prices aren’t crashing, despite what the housing bubble boys are saying. In fact, home prices have firmed up higher recently. The housing bubble boys are a crew that...

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Bank of America faces lawsuit alleging it charged servicing junk fees

By: ameer@trustedteam.com

Photographer: Stephanie Keith/BloombergStephanie Keith/Bloomberg Bank of America is at the center of a new class-action lawsuit, which claims it unlawfully charged fees to mortgage servicing customers paying by...

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Foreclosure activity jumped in May

By: ameer@trustedteam.com

Distressed mortgage indicators tracked by Attom registered increased activity last month, resuming a slow climb back toward levels seen prior to the pandemic.The total number of default notices, scheduled...

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Industry energy felt by vendors at latest NRMLA conference

By: ameer@trustedteam.com

Reverse originators expressed feelings of optimism at the National Reverse Mortgage Lenders Association (NRMLA) Western Regional Meeting this week. But they weren’t the only industry veterans present. A number...

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Research shows why older adults face a higher rate of mortgage denials

By: ameer@trustedteam.com

Older Americans tend to have higher credit scores, but other factors can lead to denying an older client a mortgage loan, according to an analysis of the trend by...

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Prime rate reaches 22-year high of 6.95% and could rise further as rate-hike expectations grow

By: ameer@trustedteam.com

Variable-rate borrowers will see their interest cost on their next mortgage payment rise as banks and other financial institutions have lifted their prime rates to a 22-year high of...

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HSBC pulls some UK mortgage deals as fears of rising rates hits home buyers once more

By: ameer@trustedteam.com

The U.K.'s biggest bank temporarily withdrew mortgage deals via broker services on Thursday, CNBC understands. A large number of fixed-rate mortgage deals is set to expire this year, leaving homeowners vulnerable...

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The Federal Reserve may pause its interest rate hiking campaign. What that means for you

By: ameer@trustedteam.com

The Federal Reserve is expected to pause its interest rate hiking campaign at the end of its two-day meeting next week. Consumers will still feel the effects of higher rates...

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Paragon adds nine new buy-to-let deals

By: ameer@trustedteam.com

  Paragon Bank has launched nine new limited edition buy-to-let mortgages with zero or flat fees and discounted standard variable rates. Zero fee five-year fixed rates are available for those purchasing...

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Average house price continues to fall – e.surv

By: ameer@trustedteam.com

The average house price fell by £814, or -0.2%, in May 2023, according to the latest price index from e:surv. It is the fifth month in succession in which the...

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