Caliber Home Loans fined $2.3M for overcharging California borrowers

By: ameer@trustedteam.com

The California Department of Financial Protection and Innovation (DFPI) confirmed on Monday that it has reached a $2.3 million settlement with former mortgage lender and servicer Caliber Home Loans...

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Greystone’s $103M affordable housing fund to support rental units in six states

By: ameer@trustedteam.com

New York-based Greystone Real Estate Capital has closed its first affordable housing fund, raising $103 million to finance nearly 1,000 rental units across six states. The fund — called Greystone...

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RE/MAX turns to Vic Lombardo to scale Motto Mortgage, wemlo

By: ameer@trustedteam.com

RE/MAX Holdings has appointed Vic Lombardo as its president of mortgage services. Lombardo will succeed Ward Morrison to oversee mortgage brokerage franchise brand Motto Mortgage and third-party processing solution...

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Inside Real Estate puts forth AI-powered home search platform

By: ameer@trustedteam.com

Inside Real Estate has released HomeSearch AI — a new search and client engagement platform designed to let users input natural language to find listings and help real estate...

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As reverse mortgage demand grows, lenders may need more personnel

By: ameer@trustedteam.com

Consumer demand for reverse mortgage products is expected to rise as the population ages more quickly. According to estimates from Business Research Insights, the global market is currently valued...

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Barclays launches 15-minute mortgage applications for brokers

By: ameer@trustedteam.com

Barclays has revamped its residential mortgage applications for brokers, with a “simpler and faster” system that takes 15 minutes to complete. The bank says the new process is a...

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Afin Bank appoints Carr to head up adviser team

By: ameer@trustedteam.com

Afin Bank has appointed Emily Carr as mortgage adviser to head up the inhouse team of advisers. Carr has a long career in mortgage advice including at NatWest, Halifax...

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English rental affordability gap widens: ONS  

By: ameer@trustedteam.com

Private renters on a median household income typically spend 36.3%, or £1,232 in monthly rent, of their income on an average-priced let home in England, official data shows.  ...

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Principality Intermediaries makes price changes

By: ameer@trustedteam.com

Principality Intermediaries has made changes to its rates, effective tomorrow (19 August). The lender has cut rates on its residential products including the five-year fixed at 65% loan-to-value (LTV)...

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DWP launches state pension call for evidence, appoints Morrissey

By: ameer@trustedteam.com

The Department for Work and Pensions Secretary of State has appointed Suzy Morrissey to prepare an independent report ahead of the third review of the state pension age. Morrisey...

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