CBA lifts variable rates again, cuts select three-year fixed rates

By: ameer@trustedteam.com

For the second time in two weeks, the Commonwealth Bank of Australia has hiked new customer rates on its package variable home loan. The rates on CBA’s package variable home...

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New product could end ‘defective’ reverse mortgage market

By: ameer@trustedteam.com

A new, highly innovative mortgage product could spell the effective end of reverse mortgages and similar products globally within the next two years, says  Futureproof Financial CEO John Innes. The...

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Home buyers often unaware of assistance programs, fair value price

By: ameer@trustedteam.com

A knowledge gap about the home buying process among many consumers contributed to more than half of them feeling unsure they had paid fair value, according to a new...

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Wells Fargo is selling a $50B package of MSRs

By: ameer@trustedteam.com

Wells Fargo has finalized the sale of a $50 billion block of mortgage-servicing rights (MSR), a deal that is expected to close later this year, according to bank officials. One expert...

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HUD announces vacant property note sale

By: ameer@trustedteam.com

The Department of Housing and Urban Development will give nonprofits and government entities first dibs in an upcoming vacant property loan sale, giving precedence to these groups over investors.On...

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Fed’s Waller urges more tightening with inflation far too high

By: ameer@trustedteam.com

Federal Reserve Governor Christopher Waller said he favored more monetary policy tightening to reduce persistently high inflation, although he said he was prepared to adjust his stance if needed...

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Bristol hailed first-time buyer hotspot: What other locations made the list?

By: ameer@trustedteam.com

Bristol has been named as the most popular location for first-time buyers following analysis of Lifetime ISA savers. The city has grown...

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OSFI says mortgage amortization extension “not without risks”

By: ameer@trustedteam.com

Temporarily extending amortization periods has been a saving grace for many variable-rate mortgage holders as a way to manage the impact of higher interest rates and borrowing costs. But...

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Boom in UK estate agent numbers in past year – GetAgent

By: ameer@trustedteam.com

There has been a 10.6% increase in estate agency numbers across the UK in the past year, according to comparison site GetAgent.co.uk. The overall figure currently stands at 24,500, up...

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First Federal Bank to acquire BNC National Bank’s mortgage business

By: ameer@trustedteam.com

First Federal Bank will acquire the mortgage division of BNC National Bank, which will give the Florida-headquartered community-based bank a nationwide consumer direct mortgage platform. The two banks announced they...

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