Wells Fargo is selling a $50B package of MSRs

By: ameer@trustedteam.com

Wells Fargo has finalized the sale of a $50 billion block of mortgage-servicing rights (MSR), a deal that is expected to close later this year, according to bank officials. One expert...

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HUD announces vacant property note sale

By: ameer@trustedteam.com

The Department of Housing and Urban Development will give nonprofits and government entities first dibs in an upcoming vacant property loan sale, giving precedence to these groups over investors.On...

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Fed’s Waller urges more tightening with inflation far too high

By: ameer@trustedteam.com

Federal Reserve Governor Christopher Waller said he favored more monetary policy tightening to reduce persistently high inflation, although he said he was prepared to adjust his stance if needed...

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Bristol hailed first-time buyer hotspot: What other locations made the list?

By: ameer@trustedteam.com

Bristol has been named as the most popular location for first-time buyers following analysis of Lifetime ISA savers. The city has grown...

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OSFI says mortgage amortization extension “not without risks”

By: ameer@trustedteam.com

Temporarily extending amortization periods has been a saving grace for many variable-rate mortgage holders as a way to manage the impact of higher interest rates and borrowing costs. But...

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Boom in UK estate agent numbers in past year – GetAgent

By: ameer@trustedteam.com

There has been a 10.6% increase in estate agency numbers across the UK in the past year, according to comparison site GetAgent.co.uk. The overall figure currently stands at 24,500, up...

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First Federal Bank to acquire BNC National Bank’s mortgage business

By: ameer@trustedteam.com

First Federal Bank will acquire the mortgage division of BNC National Bank, which will give the Florida-headquartered community-based bank a nationwide consumer direct mortgage platform. The two banks announced they...

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Coventry for intermediaries cuts rates for FTB loans 

By: ameer@trustedteam.com

Coventry for intermediaries has cut its entire first-time buyer-only range at 90% to 95% loan to value.   The mutual’s broker-only arm adds that its three-year products, with a £999...

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News analysis: Tackling the affordability challenge 

By: ameer@trustedteam.com

As inflation and the base rate continue to increase, so does the issue of housing affordability, which is rapidly climbing the agenda of industry challenges. After a significant period of...

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Coventry for intermediaries reduces 90%, 95% LTV rates

By: ameer@trustedteam.com

Coventry for intermediaries has cut its entire first-time buyer-only range at 90% to 95% loan to value.   ...

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