HMBS portfolio poses ‘significant risk’ to HUD in 2024

By: ameer@trustedteam.com

Ginnie Mae’s portfolio of Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) poses a “significant risk” to the U.S. Department of Housing and Urban Development (HUD) in 2024.The risk stems...

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Movement sues Summit, former veteran sales executives for poaching

By: ameer@trustedteam.com

A spokesperson for Movement said the company had no comment. L. Scott Bruggemann, senior vice president and general counsel at Summit, said the company continues to compete for talented individuals...

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FHA re-issues property inspection guidance after mistakenly omitting HECMs

By: ameer@trustedteam.com

The Federal Housing Administration (FHA) on Tuesday published Mortgagee Letter (ML) 2023-20 updating the amounts allowable for property inspection fees for property preservation and protection to align with industry...

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FHA Loan Occupancy Guidelines You Should Know

By: ameer@trustedteam.com

November 17, 2023 Did you know that occupancy is a requirement when you buy a house with an FHA loan? FHA policy for occupancy requires at least one borrower obligated on...

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Keystone Property Finance cuts rates by up to 20 bps

By: ameer@trustedteam.com

Keystone Property Finance has lowered rates for a third consecutive week with products reduced by up to 20 basis points. ...

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Nationwide mortgage lending plummets 62% to 12.1bn  

By: ameer@trustedteam.com

Nationwide said its half-year pre-tax profit lifted 2.1% to £989m from a year ago due to higher income – but mortgage lending plunged 62% to £12.1bn, adding that the...

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Keystone Property Finance cuts rates by up to 20 bps

By: ameer@trustedteam.com

Keystone Property Finance has lowered rates for a third consecutive week with products reduced by up to 20 basis points.   The specialist buy-to-let lender’s standard range now starts from 4.64% for...

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Govt support for first time buyers crucial: Coventry BS

By: ameer@trustedteam.com

If the property market is going to remain stable it needs to stand on firm foundations and a fundamental element of that is a functioning first time buyer market. This...

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Co-op Bank for intermediaries reduces resi, landlord rates by up to 42bps  

By: ameer@trustedteam.com

The Co-operative Bank for intermediaries will cut new business rates across its residential and buy-to-let ranges by up to 42 basis points.   ...

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Co-op Bank for intermediaries cuts resi, BTL rates by up to 42bps  

By: ameer@trustedteam.com

The Co-operative Bank for intermediaries will cut new business rates across its residential and buy-to-let ranges by up to 42 basis points.   The lender’s reductions cover:   Residential   Two-, three-...

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