Interest rates are 200 bps higher than they should be due to government spending: Scotiabank

By: ameer@trustedteam.com

Canadian interest rates are about 200 basis points higher than they otherwise would be due to government spending at all levels, including billions spent on pandemic relief. That’s the...

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Where there’s a Will, there’s a way…

By: ameer@trustedteam.com

In the spotlight for this week’s MPA Talk is Jason Will, who is senior vice president of growth at Embrace Home Loans, and based in Tampa, Florida. Will reflects...

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Landbay cuts rates on two and five-year fixed products

By: ameer@trustedteam.com

Specialist buy-to-let lender Landbay has announced further rate reductions across its two-year and five-year fixed rate products. Rates on Landbay’s two-year fixed standard and like-for-like range have been reduced by...

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Home improvement loans: growth opportunities and challenges

By: ameer@trustedteam.com

As mortgage rates began ramping up in early 2022, leaving borrowers with virtually no incentive to refinance, a wave of nonbanks introduced home equity lines of credit, a popular...

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Have lower mortgage rates already boosted housing demand?

By: ameer@trustedteam.com

Purchase application data Last year, when mortgage rates fell from 7.37% to 5.99%, we got three good months of positive purchase application data until the first week of February before...

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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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