YBS Commercial increases proc fees, lowers rates

By: ameer@trustedteam.com

YBS Commercial Mortgages has increased broker procuration fees for buy-to-let (BTL) cases. Brokers will now receive 1% of the total deal value once completion has taken place, a rise...

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Cleverly assigned shadow housing secretary role

By: ameer@trustedteam.com

Former cabinet minister Sir James Cleverly has been named shadow housing secretary in Conservative Party leader Kemi Badenoch’s reshuffle of her senior team. His new appointment will see him...

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Gen H makes changes to LTI limits, announces partnership with Sesame

By: ameer@trustedteam.com

Gen H has implemented changes to its loan-to-income (LTI) limits to enable more buyers to borrow more. Self-employed applicants can now borrow up to 5.5 times their income and...

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Afin Bank launches resi and landlord loans   

By: ameer@trustedteam.com

Afin Bank has launched a range of residential and buy-to-let home loans aimed at some of the UK’s most underserved borrowers, after gaining regulatory approval.   The lender was...

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Renters now outnumber owners in key U.S. cities. Is the real estate industry paying attention?

By: ameer@trustedteam.com

In cities across the U.S., the scales have tipped, and most of the real estate industry hasn’t noticed. More than 44.5 million households in the United States are renter-occupied,...

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APRA rules no change to mortgage serviceability buffer

By: ameer@trustedteam.com

The Australian Prudential Regulation Authority (APRA) has ruled banks in Australia must continue to assess home loan applications 3% higher than the actually rate the borrower will pay.

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NAF launches multimillion-dollar marketing campaign

By: ameer@trustedteam.com

The campaign, called “Hell Yeah You’re Buying a Home,” is designed to “energize and empower” the next generation of first-time homebuyers.

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HomeStreet to sell $794M in Ginnie Mae MSRs

By: ameer@trustedteam.com

Seattle-based HomeStreet Bank has agreed to sell its $794 million Ginnie Mae loan servicing portfolio to an undisclosed “experienced” buyer, the company announced in a regulatory filing.

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Bipartisan legislation aims to expand ADU financing

By: ameer@trustedteam.com

The SUPPLY Act would allow homeowners to access federally backed, second-lien mortgages to fund construction of accessory dwelling units.

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Regulator to investigate credit repair and debt management sector

By: ameer@trustedteam.com

The Australian Securities and Investments Commission (ASIC) has announced a probe into credit repair and debt management services amid reports of dishonest practices.

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