MPowered reduces 3- and 5-year homebuyer rates by up to 27bps  

By: ameer@trustedteam.com

The fintech lender says, on its prime three-year fixed products, with a £999 arrangement fee, it has reduced rates by 20bps, with loans now starting at 4.54%. For borrowers...

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How the FTC’s proposed ban on noncompetes could impact lenders

By: ameer@trustedteam.com

The Federal Trade Commission's proposed rule banning noncompetes is likely to have a substantial impact on the mortgage industry if it is enacted. The proposed legislation will not only ban...

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House prices slump in November by 0.3%

By: ameer@trustedteam.com

House prices fell by 0.3% between October and November meaning the average UK property is valued at £295,000, according to the Office for National Statistics (ONS). ...

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Pennymac looks to capitalize on Wells Fargo’s correspondent exit

By: ameer@trustedteam.com

Pennymac, the country’s largest correspondent lender with about 14% market share, has its eyes fixed on absorbing origination volume that Wells Fargo is leaving behind in the correspondent channel.  The...

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MT Finance becomes full member of Imla

By: ameer@trustedteam.com

MT Finance has become the latest full member to join the Intermediary Mortgage Lenders Association (Imla). The addition of MT Finance brings Imla’s combined number of members to 69, comprising...

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Which real estate contingencies are most important? (Podcast)

By: ameer@trustedteam.com

What is a contingency in real estate? The phrase “contingency” is a pretty common one in the real estate world. Essentially, it’s a clause in a sales contract — a...

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The top 10 hottest housing markets of 2023

By: ameer@trustedteam.com

Some of the most popular housing markets during the refinance boom and low-rate era of the past two years are taking a backseat to this year's new hot destinations.The...

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Landbay updates its special edition BTL range

By: ameer@trustedteam.com

Landbay has updated its five-year fixed rate buy-to-let (BTL) range with the introduction of lower loan-to-values (LTVs) and rates now starting at 4.39%. The updated five-year fixed rates are for...

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Fleet Mortgages cuts rates across fixed rate products

By: ameer@trustedteam.com

Fleet Mortgages has made price cuts to its fixed-rate products, effective today (17 January). The price reductions cover Fleet’s five- and seven-year fixes and its green five-year fix across the...

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Ami plans mentoring programme for mortgage industry

By: ameer@trustedteam.com

The sector-wide scheme is currently under development and will see the industry come together for 1-2-1 and reverse mentoring opportunities. The announcement comes on International Mentoring Day, today, 17...

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