Reverse mortgage endorsements see a sharp drop as HMBS issuance falls modestly in November

By: ameer@trustedteam.com

As the reverse mortgage industry prepares to enter a new year with hopes pinned on a higher HECM limit and a potentially friendlier rate environment, industry performance metrics for...

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Pennymac rolls out new home equity loan product for broker partners 

By: ameer@trustedteam.com

California-based Pennymac Financial Services’s broker division, Pennymac TPO, launched a home equity loan product as tappable home equity nears its 2022 peak. “Pennymac’s broker partners can now offer their clients...

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Defunct FGMC, former employees seek $1.75M settlement on WARN Act suit 

By: ameer@trustedteam.com

The now defunct First Guaranty Mortgage Corporation (FGMC) and former employees – who sued the mortgage lender in a class-action suit after an abrupt layoff – are seeking a...

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Saga partners with Tembo on mortgage launch

By: ameer@trustedteam.com

Products and services firm Saga has partnered with digital mortgage broker Tembo to launch Saga Mortgages. Saga customers can access a specialised digital and in-person service, curated to cater for...

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Three quarters of landlords have hiked rent in 2023

By: ameer@trustedteam.com

Three in four buy-to-let landlords (76%) have raised rent over the past year with the main reason being to cover higher mortgage costs, according to the latest Landbay survey. Over...

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Tipton & Coseley reduces rates across two-year fixed range

By: ameer@trustedteam.com

Tipton & Coseley building society is cutting rates for new customers across a selection of its two- year fixed rate mortgage range. Effective from 5 December 2023, the Tipton will...

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Mortgage lending ‘remains weak’ in Q3: UK Finance  

By: ameer@trustedteam.com

Mortgage lending “remained weak” in the third quarter of the year, which saw 26% fewer home moves compared to a year ago, data from UK Finance shows.   “The contraction...

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Industry vote opens for Mortgage Strategy Awards 2024

By: ameer@trustedteam.com

Voting in the Mortgage Strategy Awards 2024 is now open! Self-nominations have now closed and it’s now time for the industry to have their say. You can either vote for a...

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Home loans market ‘remains weak’ in Q3: UK Finance  

By: ameer@trustedteam.com

Mortgage lending “remained weak” in the third quarter of the year, which saw 26% fewer home moves compared to a year ago, data from UK Finance shows.   ...

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MFS added to MAB lender panel

By: ameer@trustedteam.com

Market Financial Solutions (MFS) has joined Mortgage Advice Bureau’s (MAB) panel of lenders, with a focus on complex buy-to-let (BTL) cases. Founded in 2006, London-based lender MFS specialises in handling...

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