Reach Out campaign from UK Finance to help borrowers

By: ameer@trustedteam.com

UK Finance is launching its Reach Out campaign to raise awareness of the support available to mortgage customers. ...

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Borrowers ‘locked out of mortgage market’ over minor credit issues

By: ameer@trustedteam.com

Would-be homeowners are being ‘locked out of the mainstream mortgage market’ over minor credit blips – in come cases just a few hundred pounds. The new research, from specialist lender...

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UK Finance introduces Reach Out campaign to support mortgage holders

By: ameer@trustedteam.com

UK Finance is launching its Reach Out campaign to raise awareness of the support available to mortgage customers. The campaign’s key message is to encourage people to reach out to...

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Lifetime loans hit 7-year low: Equity Release Council   

By: ameer@trustedteam.com

Lifetime loans slide 5% to £664m in the second quarter of the year from the previous three months, making it the quietest lending period for these mortgages in almost...

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Slowing economic growth could keep the Bank of Canada on hold

By: ameer@trustedteam.com

The latest barometer of Canada’s economic growth is being described as “disappointing,” which some say could be enough to avoid any further Bank of Canada rate hikes. The country’s...

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Western Asset Mortgage Capital close to axing merger with TPT

By: ameer@trustedteam.com

Western Asset Mortgage Capital Corporation is considering dropping out of its merger agreement with real estate investment firm Terra Property Trust. The transaction was set to close during the...

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Regulators issue guidance on Fed discount window, emergency borrowing

By: ameer@trustedteam.com

The Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency Friday issued a guidance to banks encouraging them to be familiar with the process...

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The Agency ventures into core services

By: ameer@trustedteam.com

Mauricio Umansky‘s residential brokerage The Agency is venturing into core services. Through partnerships with Bubble Insurance Solutions and New American Funding, real estate agents at The Agency will have access...

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Lender admits guilt in fraud case involving bogus IPO

By: ameer@trustedteam.com

An Orange County, California, correspondent lender pleaded guilty to fraud this week after bilking an investor of $5.3 million with promises his company was headed for an initial public...

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JPMorgan to buy almost $2B of mortgages in the PacWest deal: reports

By: ameer@trustedteam.com

JPMorgan Chase will buy nearly $2 billion worth of mortgages to grease Banc of California‘s purchase of PacWest Bancorp, Bloomberg reported. The bank entered into an agreement to buy $1.8...

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