New mortgage commitment value falls in Q4 2022, says BoE

By: ameer@trustedteam.com

The value of new mortgage commitments in the final quarter of 2022 stood at £58.4bn, says the Bank of England (BoE) in its new Mortgage Lenders and Administrators Statistics...

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Silicon Valley Bank’s ‘old-fashioned’ failure highlights lingering risks

By: ameer@trustedteam.com

"The world's maybe a little bit more scary," John Toohig at Raymond James said after the failure of Silicon Valley Bank. "It certainly does bring into focus liquidity and...

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Housing Market Tracker: Mortgage rates fall after SVB failure

By: ameer@trustedteam.com

Last week was wild, and not just for the housing market. We had a 21st-century bank run on Silicon Valley Bank and then the federal government took action over...

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Brokers have had their say in the MFG Rated for Service Awards 2023

By: ameer@trustedteam.com

Welcome to the inaugural Mortgage Finance Gazette Rated for Service Awards, in association with The Openwork Partnership. Click here for full results and analysis The Rated for Service Awards are based...

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MFG Rated for Service Awards 2023 – announcing the top rated lenders in the industry

By: ameer@trustedteam.com

Welcome to the inaugural Mortgage Finance Gazette Rated for Service Awards, in association with The Openwork Partnership. Click here for full results and analysis. The Rated for Service Awards are...

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Regulators shut Signature Bank, pick industry veteran to run bridge bank

By: ameer@trustedteam.com

Greg Carmichael, who retired as CEO of Fifth Third Bancorp in July, will lead the bridge bank formed after the failure of Signature Bank, the FDIC says. Regulators...

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Borrowers shift toward jumbo loans, ARMs as mortgage rates rise

By: ameer@trustedteam.com

Rate and affordability pressures continue to challenge purchase lending, driving homebuyers to alternative loan products. The number of rate locks was down in February from the previous month, but dollar...

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