Wells Fargo takes home lending business in new direction

By: ameer@trustedteam.com

These plans, which have been in the works for the past three years, aim to advance racial equity and “provide flexibility to address customer needs more quickly.” Wells Fargo...

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Mortgage refinance demand surges, as homeowners take advantage of lower interest rates

By: ameer@trustedteam.com

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased last week to 6.42% from 6.58%. The drop in rates sparked a 5%...

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House prices forecast to drop 10.4% from peak: Hargreaves Lansdown

By: ameer@trustedteam.com

A forecast from Hargreaves Lansdown’s latest Savings and Resilience Barometer reveals that house prices could drop 10.4% by the end of 2023 from the peak in Q3 2022. The barometer...

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Home price growth slows to 7.8% in December: e.surv  

By: ameer@trustedteam.com

The survey points out that December’s rise is 1.4% below the revised rate of 9.2% in November, which in turn is below the 12.9% lift in August, “showing that...

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Hampshire Trust hires Lorenzo Satchell as head of bridging sales

By: ameer@trustedteam.com

Satchell arrives at HTB from Together, where he worked in various roles for a total of 12 years, most recently as a specialist key account manager. Other jobs in his...

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Connect for Intermediaries appoints three new senior hires 

By: ameer@trustedteam.com

The broker network has hired Alan Baldwin as director of compliance, responsible for the oversight of the compliance teams and delivering appointed representative supervision and preparing Consumer Duty papers across the...

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Hargreaves Lansdown forecast house prices to drop 10.4% from peak

By: ameer@trustedteam.com

The barometer suggests that cost of living pressures over the next year are set to be exacerbated by the recent surge in mortgage rates. Although these have begun to fall...

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Clydesdale Bank launches new BTL products, cuts rates by up to 43bps  

By: ameer@trustedteam.com

Clydesdale Bank has introduced new products and cut rates by up to 43 basis points for new and existing customers across its residential and buy-to-let mortgage range.   Highlights of...

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Accord adds new resi products and cuts rates by up to 0.36%

By: ameer@trustedteam.com

Accord will add new products and cut rates by up to 0.36% across its residential mortgage range from 11 January. The intermediary-only lender will introduce new products for clients with...

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Newcastle Intermediaries launches five-year fixes

By: ameer@trustedteam.com

Newcastle Intermediaries has come out with a new set of five-year fixes. Each product is available at up to 80% LTV. Highlights include an offer at 4.55% that allows for 10%...

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