Bank raises base rate to 4.5%

By: ameer@trustedteam.com

The Bank of England (BoE) has increased the base rate by 25 basis points to 4.5%. This is the 12th consecutive rise in interest rates, and the highest the base...

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Lower interest rates for FHA loans pushed production up in March

By: ameer@trustedteam.com

The production of Federal Housing Administration loans is on the rise, with the rate of purchase and refinances jumping in March, an analysis by Polygon Research found.FHA purchase volume...

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Industry leaders urge Gove to speed up homebuying times  

By: ameer@trustedteam.com

Mortgage brokers and other property firms have written an open letter to Michael Gove urging him to lead a drive for faster homebuying times, as the current the process...

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Day in the Life of… James Cooper-Smith, underwriting team lead and credit manager, Landbay 

By: ameer@trustedteam.com

Illustration by Dan MurrellMy alarm goes off at… …6.10am two days a week and 7.15am three days a week. As we have hybrid working, I am up early on days in...

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Frustration as renters’ rights bill delayed – again!

By: ameer@trustedteam.com

The long-awaited legislation to improve renters’ rights, due to be published this week has been delayed – again. It is now more than four years since the government pledged to...

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MPowered Mortgages loosens resi criteria range  

By: ameer@trustedteam.com

MPowered Mortgages has loosened its criteria in a move it says will help more buyers and remortgagers secure loans and homes.   The fintech mortgage lender’s standards changes include lending...

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Fed’s Williams says commercial real estate a ‘real issue’ for banks

By: ameer@trustedteam.com

Federal Reserve Bank of New York President John Williams said bank supervisors are monitoring developments in the commercial real estate sector carefully.Bloomberg Federal Reserve Bank of New York...

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Hurricane Ida forbearance proposal considered in New Jersey

By: ameer@trustedteam.com

The New Jersey Legislature will consider a proposed bill to provide foreclosure protections and forbearance to distressed homeowners still dealing with the hardships of Hurricane Ida in 2021. New Jersey...

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Multifamily mortgage lending down 44% in first quarter

By: ameer@trustedteam.com

The pace of commercial and multifamily mortgage lending declined to its lowest level in nine years as U.S. economic uncertainty weighed heavily on the sector, the Mortgage Bankers Association...

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Twenty7tec debuts digital marketing platform  

By: ameer@trustedteam.com

Twenty7tec has launched a digital marketing platform for mortgage, wealth and protection advisers.   ...

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