Vida launches new seven-year fix

By: ameer@trustedteam.com

Specialist lender Vida has expanded its product range with a new seven-year fixed rate residential mortgage.  This new product will be available up to 90% LTV, with rates starting at...

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Consumer Duty targets second charge mortgages and marketing: FCA  

By: ameer@trustedteam.com

Fair value in the second charge mortgage market and how firms market themselves to customers are under the microscope as the Financial Conduct Authority pushes on with its Consumer...

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Powell says Fed will pursue ‘consensus’ on capital reform

By: ameer@trustedteam.com

Federal Reserve chair Jerome Powell said Wednesday that he expects that the final Basel III capital rule will be a "consensus" rule that takes significant account of stakeholder comments....

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Canadian mortgage broker lists on U.S. exchange

By: ameer@trustedteam.com

Toronto-based mortgage broker Pineapple Financial is listing on the NYSE American exchange, because its management sees growth potential, not just in its home country, but across borders, including the...

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Living cost concerns dominate broker searches: Knowledge Bank  

By: ameer@trustedteam.com

Cost-of-living concerns continue to dominate brokers searches as ‘maximum age at end of term’ topped residential enquiries in September, data from Knowledge Bank shows.   The criteria search engine says...

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Mortgage activity picks up in October: Twenty7tec

By: ameer@trustedteam.com

Mortgage activity appears to be picking up, with a jump in the number of remortgage, purchase, first-time buyer and buy-to-let searches seen in October, compared with the previous month. Figures...

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Atom cuts rates on prime and near prime products

By: ameer@trustedteam.com

Atom bank is the latest lender to trim the cost of its fixed rate products, with reductions across its prime and near prime range.  On its prime range the digital...

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Long-awaited reverse mortgage revisions to FHA handbook are published

By: ameer@trustedteam.com

Long-awaited Home Equity Conversion Mortgage (HECM) program guidance revisions to the Federal Housing Administration (FHA)’s Single Family Handbook 4000.1 have been published according to an announcement issued by FHA...

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Mortgage interest charges up 68.6%

By: ameer@trustedteam.com

Living costs for employees have recorded the largest increase out of all household types with a rate almost twice that of inflation, according to Australian Bureau of Statistics (ABS). This...

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Adjustable-rate mortgage demand jumps nearly 10% as buyers struggle to afford housing market

By: ameer@trustedteam.com

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 7.86% from 7.90% The ARM share of mortgage applications is now at...

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