Budget 2023: The property industry draws up its wishlist for the Chancellor  

By: ameer@trustedteam.com

When Chancellor Jeremy Hunt delivers his first full Budget on Wednesday he will attempt to address rising inflation and the cost-of-living crisis — but he also faces calls from...

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Knowledge Bank launches Consumer Duty tool

By: ameer@trustedteam.com

Knowledge Bank has launched software to help lenders and brokers comply with upcoming Consumer Duty regulations.   The criteria platform says the tool “will help with the early identification of...

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Value of new mortgage commitments drops at end of 2022: BoE

By: ameer@trustedteam.com

The value of new mortgage commitments in the final quarter of 2022 stood at £58.4bn, says the Bank of England (BoE) in its new Mortgage Lenders and Administrators Statistics...

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Will the Fed’s new liquidity facility restore confidence?

By: ameer@trustedteam.com

The Marriner S. Eccles Federal Reserve building in Washington, D.C. on Monday, one day after the Fed announced the Bank Term Funding Program, which offers banks, credit unions and...

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Biggest plunge in bond yields since Volcker era on bank fears

By: ameer@trustedteam.com

The shift in short-term interest rate markets Monday was unlike almost anything seen for more than four decades, including even the 2008 financial crisis and the aftermath of the...

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Collapse of Silicon Valley Bank sees swap rates fall by 0.4%

By: ameer@trustedteam.com

The collapse of tech-focussed Silicon Valley Bank (SVB) has seen swap rates “nosedive” with 0.4% off the money market rates since Thursday’s close. Since October last year, mortgage rates have...

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Moody’s puts First Republic, five U.S. banks on downgrade watch

By: ameer@trustedteam.com

Moody's Investors Service placed First Republic Bank and five other U.S. lenders on review for downgrade, the latest sign of concern over the health of regional financial firms following...

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New mortgage commitment value falls in Q4 2022, says BoE

By: ameer@trustedteam.com

The value of new mortgage commitments in the final quarter of 2022 stood at £58.4bn, says the Bank of England (BoE) in its new Mortgage Lenders and Administrators Statistics...

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Silicon Valley Bank’s ‘old-fashioned’ failure highlights lingering risks

By: ameer@trustedteam.com

"The world's maybe a little bit more scary," John Toohig at Raymond James said after the failure of Silicon Valley Bank. "It certainly does bring into focus liquidity and...

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Housing Market Tracker: Mortgage rates fall after SVB failure

By: ameer@trustedteam.com

Last week was wild, and not just for the housing market. We had a 21st-century bank run on Silicon Valley Bank and then the federal government took action over...

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