3mc joins TMA Club’s packager panel

By: ameer@trustedteam.com

TMA Club has added mortgage desk and packager 3mc to its packager panel. 3mc says its mortgage packages provide solutions for advisers on cases they deal with on an infrequent...

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Accord cuts BTL mortgage rates by up to 0.24%

By: ameer@trustedteam.com

Accord has lowered the interest rates on its buy-to-let (BTL) mortgage range by up to 0.24%, effective from tomorrow (15 February). The new rates will see a two-year fixed rate...

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HECMs prove troublesome for some borrowers and lenders

By: ameer@trustedteam.com

While reverse mortgages allow older homeowners the opportunity to draw on home equity with minimal risk, problems arising from flaws in program structure are causing headaches for borrowers and...

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Whims of the Biden Administration wreak havoc on home lenders

By: ameer@trustedteam.com

EDITORS' PICKComplimentary access to top ideas and insights — curated by our editors. If President Joe Biden really wants to win reelection in 2024, he should leave the mortgage...

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Equifax cuts 10% of its employees in fourth quarter

By: ameer@trustedteam.com

Credit reporting agency Equifax cut 10% of its employees and contractors in the fourth quarter.That amounts to 2,350 workers being let go, according to its fourth quarter earnings report...

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Mr. Cooper to buy Roosevelt Management, Rushmore

By: ameer@trustedteam.com

Mr. Cooper plans to buy an investor in mortgage-related assets and a special servicer in order to brace itself for a potential credit-cycle shift, executives revealed during an earnings...

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Is Black Knight selling Empower to close the ICE deal?

By: ameer@trustedteam.com

Black Knight is reportedly placing the Empower loan origination system up for sale in order to gain antitrust approval for its acquisition by Intercontinental Exchange.From the day the deal...

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Baret Kechian, top loanDepot LO, sees bidding wars returning to his market

By: ameer@trustedteam.com

Beret Kechian, loanDepot’s top producer and branch manager, is joining a slew of mortgage loan originators who are cautiously optimistic about the mortgage landscape in 2023. Kechian – who was...

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Home price growth keeps slowing, but new owners still pay more

By: ameer@trustedteam.com

Although several housing groups are reporting home-price growth flattening or falling this winter, new research also suggests that the drop-offs may be approaching bottom, leaving lingering affordability issues unresolved.Median...

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Reverse mortgage securities payoffs declined further in January

By: ameer@trustedteam.com

As the reverse mortgage industry works to find new borrowers following a decline in HECM-to-HECM refinance opportunities, home equity conversion mortgage (HECM)-backed securities (HMBS) payoffs fell again in January,...

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