LISAs put savers’ cash ‘at risk’: MPs  

By: ameer@trustedteam.com

The Lifetime ISAs could lead to customers putting their “savings at risk” and may not be the best use of public money, says a Treasury Committee report.    MPs found...

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Mortgage broker-retail friction returns to spotlight

By: ameer@trustedteam.com

Concerns over channel conflict in mortgage lending — particularly between wholesale and retail operations — are resurfacing as brokers reclaim a growing share of originations.Tension can arise when wholesale...

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CHLA floats rewrite of LO comp rule

By: ameer@trustedteam.com

As anticipation builds around potential changes to the LO comp rule, some industry stakeholders have started to chime in with their visions of what form the regulation should take.The...

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UWM disputes it mismanaged its employees’ retirement savings

By: ameer@trustedteam.com

United Wholesale Mortgage is refuting claims by former account executives that the company mismanaged its large retirement savings plan. Plaintiffs accuse UWM of directing unvested employer contributions in the company's...

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US housing market sees surge in broken deals

By: ameer@trustedteam.com

Cancellations have been attributed to a range of factors, including buyer financing issues, unfavorable appraisals, job losses, or rising costs, according to Lawrence Yun, NAR’s chief economist. “Stock market fluctuations,...

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Have slightly lower mortgage rates stabilized the housing market?

By: ameer@trustedteam.com

Mortgage rates have been slowly decreasing, but is this drop significant enough to influence our weekly housing data? Keep in mind that our weekend tracker reports provide insights months...

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Bank CEOs keep calm as end of tariff pause approaches

By: ameer@trustedteam.com

The clock is ticking for the 90-day pause on President Trump's tariffs. As the July 8 deadline draws near, banks face the possibility of a new round of disruptions...

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Banks cruise through Fed stress tests, earning capital break

By: ameer@trustedteam.com

Bloomberg News Most of the country's largest banks are poised to see flat or lower capital requirements next year after performing well in this year's Federal Reserve stress...

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FHLBank San Francisco invests $53M in Fannie Mae bond

By: ameer@trustedteam.com

The Federal Home Loan Bank of San Francisco has invested nearly $53 million in a Fannie Mae bond issuance to support housing for very low-income residents near Fisherman's Wharf.The...

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Private lending executives reveal how strong relationships can transform a broker’s business

By: ameer@trustedteam.com

“Work in the business or work off the business” Munson said that when building out your team, you need to find other lending professionals who are as dedicated to your...

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