Quilter predicts monthly mortgage payments could fall by 25%

By: ameer@trustedteam.com

The latest government house price index data shows that in November last year, the average UK property cost £294,910. During the same period, mortgage rates peaked at around 6% in...

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Equity release market jumps to £5.6bn in 2002, despite mini-Budget hit  

By: ameer@trustedteam.com

Plan sales grew by 25% to 52,295 compared with the previous year, according to the later life lender’s full-year Market Monitor.   The report says product sales were hit by...

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Better.com SPAC partner asks for more time to complete merger

By: ameer@trustedteam.com

The company seeking to take lender Better.com public is asking its shareholders to extend its merger deadline.Aurora Acquisition Corp. will hold a meeting to vote on whether to extend...

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The mortgage industry is nervous about LLPA fee changes

By: ameer@trustedteam.com

The Federal Housing Finance Agency this week made a series of significant changes to loan level pricing adjustment (LLPA) fees charged by Fannie Mae and Freddie Mac on conventional/conforming...

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ICE-Black Knight deal likely to go through, analysts say

By: ameer@trustedteam.com

The regulatory obstacles are not likely to derail Intercontinental Exchange's purchase of Black Knight, analysts at Keefe, Bruyette and Woods said following a conversation with executives at Boston Consulting...

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Aurora seeks third extension to deadline for merger with Better.com

By: ameer@trustedteam.com

Blank-check firm Aurora Acquisition Corp. wants to extend the deadline for completing its merger deal with struggling digital mortgage lender Better.com by six months for the third time, further...

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Micheal Jones on a chief financial officer’s biggest challenges in 2023

By: ameer@trustedteam.com

The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s 2023 HW Finance Leaders are open now through Friday,...

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Housing inventory under 1M again as sales collapse

By: ameer@trustedteam.com

On Friday NAR reported that total housing inventory levels broke under 1 million in December, dropping to 970,00 units for a population of 330 million people. And existing home...

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Existing home sales fell for the 11th consecutive month in December

By: ameer@trustedteam.com

Homes sales ended the year at a seasonally adjusted, annualized pace of 4.02 million units, which was 34% lower than December 2021. It is the slowest pace since November 2010,...

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Reverse pros talk shop on keeping business moving in 2023

By: ameer@trustedteam.com

Reverse mortgage professionals have different perspectives based on their unique markets and experiences, and that’s true of industry pros like Rich Pinnell of Primary Residential Mortgage, Inc. (PRMI) in...

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