The ‘lock-in’ effect is heating up home prices

By: ameer@trustedteam.com

Prospective homebuyers felt the heat in the second quarter as home prices continued to creep up, with current homeowners staying put. The average price for single-family properties rose 1.9% in...

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CFPB argues intent, not language, should determine TILA policy

By: ameer@trustedteam.com

The Consumer Financial Protection Bureau filed a joint amicus brief with the state of Maine last week in a case that has implications in determining how the Truth in...

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Wall Street banks’ residential mortgages face U.S. mandates exceeding global standards

By: ameer@trustedteam.com

U.S. bank regulators are set to release their plans next week for a sweeping overhaul of capital rules, with the latest draft including requirements for large lenders' residential mortgages...

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Rodrigues joins MFS as head of national accounts

By: ameer@trustedteam.com

Specialist lender Market Financial Solutions (MFS) has appointed Karen Rodrigues as its new head of national accounts. ...

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Rics wants industry feedback on new retrofit standards

By: ameer@trustedteam.com

The Royal Institution of Chartered Surveyors (Rics) is launching an eight-week long consultation in a bid to gather input from Rics members and industry professionals on its new Residential...

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Housing Market Tracker: Rates finally head lower

By: ameer@trustedteam.com

What a crazy few weeks for the 10-year yield and mortgage rates. Last week showed why technical levels matter at certain key stops. As shown below, we hit a...

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Canadian rent prices hit a record high in June

By: ameer@trustedteam.com

Average rent prices hit a record high in June, driven higher by strong population growth and continued demand outpacing new supply. The average asking price for a rental unit...

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Sprout stops worker settlement over involuntary bankruptcy

By: ameer@trustedteam.com

Sprout Mortgage is halting a $3.5 million settlement for laid off workers, citing an involuntary bankruptcy filing posted recently by the shuttered lenders' creditors who are seeking payment. Attorneys for...

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Hanley Economic Building Society launches resi and BTL products 

By: ameer@trustedteam.com

Hanley Economic Building Society has added to its range of residential and buy-to-let loans by launching two five-year fixed-rate products.  ...

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Lenders frustrate brokers with long wait times

By: ameer@trustedteam.com

According to research by broker forum Cherry, the average time a broker has to wait on hold to speak to a lender is just under 33 minutes, with the...

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