Interest rates expected to fall to 3.00% by end of 2024

By: ameer@trustedteam.com

The Bank of Canada’s benchmark interest rate is expected to fall back to around 3.00% by the end of 2024, according to a median of responses from market participants. The...

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More lenders acknowledge need for home equity lending: STRATMOR

By: ameer@trustedteam.com

Between the housing market turmoil, pandemic-era home price appreciation and consumer sentiment, lenders may want to consider incorporating more home equity lending into the mix, according to a column...

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Bills seek to roll back recent change to mortgage pricing

By: ameer@trustedteam.com

Two Republican members of Congress have introduced bills aimed at canceling the Federal Housing Finance Agency's latest adjustments to government-sponsored enterprise mortgage fees.Rep. Andy Biggs, R.-Ariz. introduced H.R. 2928...

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MISMO launches reverse mortgage working group

By: ameer@trustedteam.com

The Mortgage Industry Standards Maintenance Organization (MISMO), the real estate finance industry’s standards organization and a subsidiary of the Mortgage Bankers Association (MBA), announced this week the establishment of...

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How Much Is Your FHA Mortgage Payment?

By: ameer@trustedteam.com

April 28, 2023 Are you new to house hunting? If you have never applied for a home loan before it’s understandable that you might view a mortgage payment as a...

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LendInvest welcomes Wells Fargo in £200m funding deal with NAB

By: ameer@trustedteam.com

LendInvest has welcomed Wells Fargo as a new funding partner for the business in a £200m financing syndicate with National Australia Bank (NAB). The combined investment will support the...

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Saffron Building Society removes procuration fee caps  

By: ameer@trustedteam.com

Saffron Building Society has scrapped procuration fee caps across its entire product range.    ...

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Equity Release lending tumbles 29% in Q1: ERC   

By: ameer@trustedteam.com

The number of equity release borrowers tumbled by 29% to 16,691 in the first three months of the year from 12 months ago, Equity Release Council data shows.   Total...

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There are three ways out of the First Republic mess. All have downsides.

By: ameer@trustedteam.com

Shares in First Republic are down 95% this year. If the bank survives, it will be smaller, and it will post little, if any, profits for some time, analysts...

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Insurance Watch: The (underwriting) truth is out there 

By: ameer@trustedteam.com

I speak to lots of advisers and attend lots of forums where protection underwriting concerns are raised. These include: ‘Insurers need to be more transparent about the underwriting decisions they make.’ ‘Insurers need...

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