Quantum Mortgages increases proc fees

By: ameer@trustedteam.com

Quantum Mortgages has increased the procuration (proc) fee payable to registered intermediaries by up to 0.3%, which could see them receive an additional £630 per completed loan on average. This...

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Bank of Canada preview: Another rate hold widely expected

By: ameer@trustedteam.com

Despite stronger-than-expected job gains in March, the Bank of Canada is widely expected to keep rates on hold at this week’s rate decision meeting. This would mark the second...

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AD Mortgage offers non-QM purchase loan lender credit

By: ameer@trustedteam.com

AD Mortgage offers non-QM purchase loan lender credit | Mortgage Professional

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Ruoff Mortgage names new president

By: ameer@trustedteam.com

Commenting on the appointment, Mark Music, owner and CEO, said: “Ruoff Mortgage has proudly been a Fort Wayne-based, family-owned company since its inception in 1984. I’m confident our late...

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U.S. labor market gradually cools in March – odds of rate hike increase

By: ameer@trustedteam.com

A number of big companies have been cutting back, or laying off staff such as Walmart, McDonalds, General Motors, Salesforce, Disney and Meta. In March, the leisure and hospitality industry...

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Housing Market Tracker: Mortgage rates drop almost 1%

By: ameer@trustedteam.com

The housing market welcomed the news of lower mortgage rates last week after four reports showed that the labor market isn’t as tight as it seems and that the fear...

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Rate lock volume jumps 43%, reflecting a rate-sensitive market

By: ameer@trustedteam.com

Rate lock volume jumped 43% in March on the back of seasonal tailwinds, falling interest rates and stronger purchase market performance. Lock volumes increased across the board, led by purchase...

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How green mortgages can help finance an energy-efficient home and save money

By: ameer@trustedteam.com

Join us for CNBC's Sustainable Returns event on April 19th – Register below REGISTER FOR SUSTAINABLE RETURNS 2023 Sustainable Returns Events A green mortgage, or an energy-efficient mortgage, allows borrowers to finance...

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Wage growth downtrend kills 1970s inflation fear

By: ameer@trustedteam.com

Given Friday’s job report, those who have been concerned with entrenched 1970s inflation — which would lead to double-digit mortgage rates — can put their disco shoes back in...

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PrimeLending enters the reverse mortgage business

By: ameer@trustedteam.com

PrimeLending, a multi-channel mortgage lender, announced this week that it is entering the reverse mortgage business — primarily as a reverse mortgage broker. The Dallas-based lender will offer Federal Housing...

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