Private renters twice as likely to fall into debt: StepChange  

By: ameer@trustedteam.com

Private tenants are twice as likely to have problems managing their debts as the general population, data from charity StepChange shows.   It says 15% of private renters, or 1.1...

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House prices lift 1.8% to hit £372,894 record in May: Rightmove  

By: ameer@trustedteam.com

The average price of a home jumped by 1.8% to a new record of £372,894 in May compared to the previous month, in a delayed response to the higher-than-expected...

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Quantum Mortgages added to TMA Club lender panel

By: ameer@trustedteam.com

TMA Club is adding intermediary-only buy-to-let (BTL) lender Quantum Mortgages to its lender panel. TMA Club’s brokers can now access Quantum Mortgages’ range of BTL products, with an emphasis...

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Off-plan home sales fall to lowest level in a decade: Hamptons 

By: ameer@trustedteam.com

The share of new homes sold off-plan across England & Wales fell to their lowest level in a decade last year, data from Hamptons shows.  ...

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Cenlar, Movement Mortgage, Rithm Capital make leadership moves

By: ameer@trustedteam.com

Mortgage subservicer Cenlar recently made four new appointments, continuing a trend of leadership growth and additions. The company hired servicing veteran Marlon Groen as chief compliance officer. In the...

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FHA Loans and Your Credit

By: ameer@trustedteam.com

May 19, 2023 Lots of people want to know what credit issues will affect the approval of FHA loans. The shortest answer is that it’s a combination of FICO scores,...

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Powell says monetary and financial stability tools work well together

By: ameer@trustedteam.com

Federal Reserve Chair Jerome Powell defended the central bank's use of monetary and financial stability tools during an event on Friday.Bloomberg WASHINGTON — Federal Reserve Chair Jerome Powell...

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New York Fed’s Williams says pandemic didn’t end era of very low rates

By: ameer@trustedteam.com

The natural interest rate, known as r-star — defined as the real short-term interest rate expected to prevail when an economy is at full strength and inflation is stable...

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Former FHA commissioner Dana Wade returns to politics

By: ameer@trustedteam.com

Dana Wade, the former Federal Housing Administration commissioner who served during the Trump administration, announced a return to politics Thursday.Per a LinkedIn post, Wade revealed that she has stepped...

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Mortgage borrowers to see payments increase by 20-40% at renewal: Bank of Canada

By: ameer@trustedteam.com

The Bank of Canada says it has growing concerns about the ability of households to service their debt, particularly with mortgage holders facing payment increases of up to 40%...

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