HMBS portfolio poses ‘significant risk’ to HUD in 2024

November 18, 2023by

Ginnie Mae’s portfolio of Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) poses a “significant risk” to the U.S. Department...

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Movement sues Summit, former veteran sales executives for poaching

November 18, 2023by

A spokesperson for Movement said the company had no comment. L. Scott Bruggemann, senior vice president and general counsel at...

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FHA re-issues property inspection guidance after mistakenly omitting HECMs

November 18, 2023by

The Federal Housing Administration (FHA) on Tuesday published Mortgagee Letter (ML) 2023-20 updating the amounts allowable for property inspection...

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FHA Loan Occupancy Guidelines You Should Know

November 18, 2023by

November 17, 2023 Did you know that occupancy is a requirement when you buy a house with an FHA loan? FHA...

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Keystone Property Finance cuts rates by up to 20 bps

November 17, 2023by

Keystone Property Finance has lowered rates for a third consecutive week with products reduced by up to 20 basis points. ...

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Nationwide mortgage lending plummets 62% to 12.1bn  

November 17, 2023by

Nationwide said its half-year pre-tax profit lifted 2.1% to £989m from a year ago due to higher income –...

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Keystone Property Finance cuts rates by up to 20 bps

November 17, 2023by

Keystone Property Finance has lowered rates for a third consecutive week with products reduced by up to 20 basis points.   The...

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Govt support for first time buyers crucial: Coventry BS

November 17, 2023by

If the property market is going to remain stable it needs to stand on firm foundations and a fundamental...

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Co-op Bank for intermediaries reduces resi, landlord rates by up to 42bps  

November 17, 2023by

The Co-operative Bank for intermediaries will cut new business rates across its residential and buy-to-let ranges by up to...

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Co-op Bank for intermediaries cuts resi, BTL rates by up to 42bps  

November 17, 2023by

The Co-operative Bank for intermediaries will cut new business rates across its residential and buy-to-let ranges by up to...

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