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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Loughborough promotes Pearson to head of Intermediaries

By: ameer@trustedteam.com

Loughborough Building Society has promoted Ashley Pearson from National BDM to the newly created position of head of intermediaries. Pearson, who starts in his new role with immediate effect, will...

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Blog: Happy 80th birthday John Malone

By: ameer@trustedteam.com

As ‘industry godfather’ John Malone turns 80 today, mortgage market veteran James Chidgey pays tribute to the founder of Premier Mortgage Service and reflects on his career and legacy… There...

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