Mortgage Brain adds Perenna to sourcing and criteria platforms  

By: ameer@trustedteam.com

Technology provider Mortgage Brain has welcomed Perenna to its Sourcing Brain and Criteria Brain platforms. Perenna is a mortgage bank that specialises in flexible long-term fixed rate residential mortgages. The...

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Coventry BS, Clydesdale and Saffron BS cut fixes  

By: ameer@trustedteam.com

Coventry for intermediaries, Clydesdale Bank and Saffron for Intermediaries have cut prices as lenders take advantage of stable base and swap rates.   Coventry for intermediaries has reduced the majority...

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UTB reduces second charge rates by up to 70bps, raises LTI cap  

By: ameer@trustedteam.com

United Trust Bank Mortgages for Intermediaries has cut interest rates across its second charge range by up to 70 basis points, with five-year fixes for prime borrowers starting at...

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Summit Funding secures top talent

By: ameer@trustedteam.com

In a statement, Rigdon said his goal is to “implement forward-thinking marketing strategies that not only elevate our brand but also provide tangible benefits to our loan officers and...

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Newrez’s affordable lending program targets first-time homebuyers in MSAs

By: ameer@trustedteam.com

RezFund doesn’t have applicable income limits, with a lender contribution of up to $8,000 for down payment and/or closing costs. The program is currently available in numerous MSAs across the...

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Mortgage rates today drop to levels not seen since mid-2023

By: ameer@trustedteam.com

“Mortgage rates decreased this week, reaching their lowest level since May of 2023,” Freddie Mac chief economist Sam Khater said in the report. “This is an encouraging development for...

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Turning point for mortgage industry: Fannie Mae’s 2024 projections

By: ameer@trustedteam.com

The ESR Group’s forecast also predicted home price growth moderation in 2024, with an expected increase of 3.2% over the year, a slowdown from the 7.1% rise in 2023. Additionally,...

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Tributes pour in for industry ‘legend’

By: ameer@trustedteam.com

“He was filled with energy and great optimism about what the future holds for our industry,” Nichols wrote. “Truly inspirational. What a gift to us all! I view David...

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Mortgages for Business rebrands to Mortgage Finance Brokers

By: ameer@trustedteam.com

Mortgages for Business has rebranded to Mortgage Finance Brokers to reflect the fact it offers ‘mortgages for everybody’ not just commercial customers. ...

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Furness Building Society intros holiday let products from 5.93%  

By: ameer@trustedteam.com

Furness Building Society has launched two holiday let loans for properties across England, Scotland and Wales.   ...

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