Homes were overvalued in 82% of U.S. metro areas in 1Q: Fitch

By: ameer@trustedteam.com

Houses were overvalued in 82% of U.S. metropolitan statistical areas in the first quarter, but that is actually down from 88% for the prior period, a Fitch Ratings analysis...

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What You Should Know About FHA Energy Efficient Mortgages

By: ameer@trustedteam.com

September 15, 2023 The FHA Energy Efficient Mortgage (EEM) loan program was started back in 1992 as a pilot program in five states. A few years later, the program was...

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Ginnie Mae president to speak at NRMLA Annual

By: ameer@trustedteam.com

Alanna McCargo, President of Ginnie Mae, has been added to the lineup of speakers scheduled to appear at next month’s National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and...

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Reverse mortgages allow seniors to see the fruits of their labor, Longbridge CEO says

By: ameer@trustedteam.com

Although seniors are often resistant to deploying their financial assets in later life as opposed to letting a will dictate disbursement after death, Longbridge Financial CEO Chris Mayer says...

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Rental affordability worst for a decade: Zoopla

By: ameer@trustedteam.com

Rental affordability is at its worst level for a decade, a new report from Zoopla reveals. The company’s Rental Market Report shows that it now costs people, on average, 28.4%...

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How to become a mortgage broker in Texas: follow these steps

By: ameer@trustedteam.com

To log in to submit your application, use your TREC-registered username or Texas Appraiser Licensing username and Application Board (TALCB). If you don’t have an account, you can register...

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Virgin Money reduces resi rates by up 12bps, adds BTL portfolio exclusives 

By: ameer@trustedteam.com

Virgin Money has cut selected rates by up to 12 basis points and launches a range of BTL portfolio exclusives.  ...

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Barclays reduces resi and BTL products by up to 10bps 

By: ameer@trustedteam.com

Barclays has cut selected rates for new customers among its residential, landlord and reward ranges by between 5 basis points and 10bps.  ...

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Weekly rate watch: Fixes fall 

By: ameer@trustedteam.com

Average fixes continued to track down this week as lenders cut rates to attract new borrowers, according to Moneyfacts data.   ...

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Newcastle Intermediaries debuts 10-year resi fix 

By: ameer@trustedteam.com

Newcastle Intermediaries has launched a 10-year fixed-rate range, which it says feeds the “consumer demand for longer-term options”.  ...

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