Fleet reintroduces zero fee and fixed fee 5-year rates, Coventry cuts prices

By: ameer@trustedteam.com

Fleet Mortgages has reintroduced its zero fee and fixed fee five-year fixed rates. The products are available across both its standard and limited company ranges and available for purchase...

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Mortgage searches down 20% in April: Twenty7tec

By: ameer@trustedteam.com

Total mortgage searches fell by 20% month-on-month in April, dropping from 2.15 million in March to 1.71 million, Twenty7tec’s mortgage market snapshot reveals. Twenty7tec says the slowdown highlights the...

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First-time buyers ‘bearing the brunt’ of mortgage turmoil

By: ameer@trustedteam.com

First-time buyer mortgage options have shrunk since the start of March as lenders pulled products from sale due to the impact of the war in Iran. The post First-time...

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First-time buyers opt for ‘fixer uppers’ to secure dream home

By: ameer@trustedteam.com

Increasing numbers of first-time buyers are purchasing cheaper ‘fixer-upper’ homes to overcome affordability challenges and move to their ideal location. The post First-time buyers opt for ‘fixer uppers’ to...

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Voters Want More Housing Legislation Passed

By: ameer@trustedteam.com

A recent survey found that 89% of voters want the House and Senate to work together to pass legislation that will make housing more affordable.

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Short Takes: FTC Warns Mortgage Connect About Noncompete / Rocket Markets CES MBS / Tribal Trust Land Homeownership Act Signed Into Law / First-Time Buyers Coming Back to Market

By: ameer@trustedteam.com

FTC warns Mortgage Connect about noncompetes; Rocket preps CES MBS; New legislation on mortgages for homes on tribal land passed; Share of first-time homebuyers increasing.

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UWM Increases Bid for Two Harbors Again

By: ameer@trustedteam.com

United Wholesale Mortgage has increased its bid for Two Harbors Investment after CrossCountry Mortgage matched its previous bid for the real estate investment trust.

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Low Downpayment Borrowers Struggle to Compete

By: ameer@trustedteam.com

Some real estate agents are pushing clients away from offers supported by some government-backed mortgage products, industry members say.

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Pennymac Top Originator for Non-Agency MBS Issued in 1Q

By: ameer@trustedteam.com

Some $1.35 billion of Pennymac’s securitized originations in the first three months of this year were loans eligible to be sold to the GSEs.

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Inventory growth making housing more affordable

By: ameer@trustedteam.com

With inventory at multiyear highs, NAR prices are up 0.9% year over year versus 3.6% wage growth, easing affordability pressure.

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