Mortgage job cuts slow their pace of decline

By: ameer@trustedteam.com

Employment at nonbank mortgage lenders and brokers dropped by just under 1% between September and October, bucking recent national trends according to the Bureau of Labor Statistics latest jobs...

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Wells Fargo settles lawsuit with ex-LO over allegedly discriminatory lending practices

By: ameer@trustedteam.com

A former mortgage consultant who worked for Wells Fargo and ultimately brought a case against the company in a Southern California court over allegedly being fired for complaining about...

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Fed rate-cut exuberance ebbs after jobs data, boosting U.S. yields

By: ameer@trustedteam.com

(Bloomberg) -- Treasury yields surged as traders pared expectations for the Federal Reserve to ease monetary policy aggressively next year after a better-than-forecast jobs report.Benchmark two-year yields, those most...

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Treasury overhauls community development financial institution certification process

By: ameer@trustedteam.com

The Treasury Department Friday issued a long-awaited revision to its community development financial institution certification process, a move that CDFI advocates say provides much-needed updates to the process to...

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How climate risks are influencing home buyers today

By: ameer@trustedteam.com

Housing stakeholders warn climate risks are already influencing home sale activity and disturbing property values, sentiments shared by a larger portion of the mortgage industry. The climate component has helped...

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Ginnie Mae details reverse mortgage actions in 2023 annual report

By: ameer@trustedteam.com

Ginnie Mae released its 2023 annual report this week, touting its additional support for the Federal Housing Administration (FHA)’s Home Equity Conversion Mortgage (HECM) program and its own HECM-backed...

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Is The Housing Market Entering A Recovery Phase?

By: ameer@trustedteam.com

December 8, 2023 After briefly approaching the 8% home loan interest rate range, sources (including real estate company Redfin and NBC.com) report December 2023 conditions might be an indication of...

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Equitable Bank says majority of its mortgage borrowers have already renewed at higher rates

By: ameer@trustedteam.com

Alternative lender Equitable Bank revealed today that a majority of its residential mortgage clients have already renewed at higher interest rates and have largely absorbed the increases. In the...

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Blog: Entering 2024 – turning challenges into opportunities

By: ameer@trustedteam.com

The mortgage market has become increasingly complex and difficult for borrowers and brokers to navigate due to a number of factors. The ongoing cost-of-living crisis combined with high interest rates...

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Co-op Bank for intermediaries cuts resi, landlord rates by up to 45bps    

By: ameer@trustedteam.com

The co-operative bank for intermediaries has cut rates on selected residential and landlord loans by up to 45 basis points.   The lender’s reductions cover:   New business   Residential   Two-, three-...

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