Selina Finance launches new referrals service

By: ameer@trustedteam.com

Selina Finance is introducing a new referrals service alongside a range of new ‘near-miss’ referral policy areas for brokers. As part of a package of process improvements, the lender aims...

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Further delays to renters’ reform bill

By: ameer@trustedteam.com

The long-awaited legislation to improve renters’ rights, due to be published this week has been delayed – again. ...

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Accord Mortgages lowers income to borrow over 4.5 times salary  

By: ameer@trustedteam.com

Accord Mortgages has lowered its minimum income requirement for those borrowing more than 4.49 times their salary, to £60,000 from £70,000.   The Yorkshire Building Society broker-only arm says the...

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Brokers need to cast recruitment net wider

By: ameer@trustedteam.com

A leading specialist industry recruiter has said mortgage brokers should consider looking for staff talent in new places, rather than vying for a limited number of candidates with existing...

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Ex-Courtenay House contractor slapped with two-year prison term

By: ameer@trustedteam.com

A former contractor to and promoter of Courtenay House investments has been sentenced to two years’ imprisonment and was ordered to complete 120 hours of community service for his...

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Title premiums slipped in 2022 on lower originations

By: ameer@trustedteam.com

Title insurance premium volume slipped 16% year-over-year for 2022 as a consequence of the slowdown in mortgage originations, American Land Title Association data showed.The industry generated approximately $21 billion...

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Court dismisses some claims in Wells Fargo forbearance suit

By: ameer@trustedteam.com

A federal court judge found that private plaintiffs suing Wells Fargo for issues related to the receipt of automatic forbearance without consent could support some of their claims, but...

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Mortgage payments rose in April, but so did incomes

By: ameer@trustedteam.com

With mortgage rates still in the mid 6% range, borrowers who received mortgages in April 2023 paid an average of $2,343 a month, up 28% from a year prior....

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New American Funding expands reverse division with new managers

By: ameer@trustedteam.com

Orange County-based multi-channel mortgage lender New American Funding (NAF) announced this week that it further expanded its reverse mortgage division by hiring industry veterans to serve as new divisional...

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Guild delivers $37M loss in Q1 amid CEO transition

By: ameer@trustedteam.com

In the first quarter of 2023, California-based lender Guild Mortgage, which announced a leadership transition in March, continued to face pressures from high mortgage rates and low inventory levels –...

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