Coventry increases rates on owner-occupied products

By: ameer@trustedteam.com

Coventry has increased rates on its owner-occupied mortgage products. The lender will increase all standard two-, three- and five-year new business fixed rates including offset and interest only. It will also...

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State Farm drops federal court lawsuit against Fannie Mae

By: ameer@trustedteam.com

State Farm paid out more than $75,000 for the homeowner’s claim as a result of the fire, and it sought to recover these funds through the lawsuit. Filing a motion...

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2023 Best Mortgage Companies to Work For

By: ameer@trustedteam.com

National Mortgage News is proud to present the fifth annual Best Mortgage Companies to Work For list, which offers a spotlight to lenders that are supportive employers while also...

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LoanDepot reports growing losses, more staff cuts

By: ameer@trustedteam.com

LoanDepot's cost-cutting measures did not prevent the mortgage lender from landing in the red in the fourth quarter. The Foothill Ranch, California-based mortgage company disclosed Wednesday a net loss...

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ColCap buys 80% stake in digital lender Molo  

By: ameer@trustedteam.com

Australian finance firm ColCap Financial has acquired an 80% stake in digital lender Molo in a move that will lead to further expansion in the UK.   ...

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MFS secures £500m of new institutional funding

By: ameer@trustedteam.com

Market Financial Solutions (MFS) has secured £500m of new institutional funding. ...

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Tipton & Coseley Building Society home loan lending hits £108m 

By: ameer@trustedteam.com

Tipton & Coseley Building Society reported its mortgage book lifted 6.8%, with gross mortgage lending hitting £108m last year, despite “financial market turmoil arising from the government’s mini-Budget in...

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Accord lifts resi rates for new customers by up to 40bps  

By: ameer@trustedteam.com

Accord Mortgages will lift home loan rates for new customers by up to 40 basis points in a move that will see the old prices withdrawn at 8pm today...

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Editor’s Note: Focus on the green shoots

By: ameer@trustedteam.com

How has your year been so far? The general feeling seems to be that the market is somewhat subdued, particularly for home purchase and buy-to-let. In fact, the results of...

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Weaker purchase activity in Q4 was offset by price growth and strong refinancing

By: ameer@trustedteam.com

Weaker house purchase activity through last year was offset by price growth and strong refinancing, the latest UK Finance household finance review reveals. The report found that gross lending increased...

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