Blog

September 18, 2020

PayProp: Agents must help landlords navigate updated eviction rules

The current ban on evictions, barring further extension, is due to lift on 20 September; however, there are some changes in place, such as updated guidelines […]
September 18, 2020

How a focus on culture put Princeton Mortgage on the path to $1 billion in volume

Over its first 25 years of existence, Princeton Mortgage built a reputation throughout the industry as a solid, conservative, regional mortgage banking institution. Before the Great […]
September 18, 2020

Help to Buy Wales extended

The Help to Buy Wales scheme has been extended until March 2022 with the possibility of a further extension until March 2023 subject to the availability […]
September 18, 2020

He masterminded one of the GFC’s biggest mortgage scams – and he’s leaving prison 2 decades early

The mastermind of one of the largest mortgage frauds of the Great Financial Crisis has been released from prison after serving just nine years of a […]
September 18, 2020

Nearly 11 million households missed mortgage or rent payments at pandemic’s outset – study

Nearly 11 million households fell behind on their mortgage or rent payments during the first three months of the COVID-19 pandemic, according to a new study […]
September 18, 2020

Has normal service resumed?

Matthew Cumber is MD of Countrywide Surveying Services We’re now closing in on three months since we restarted physical valuations in earnest, which leads to the […]
September 18, 2020

College-area rents on a downturn as students move back home

Rent prices have softened in college towns as millions of Americans move back in with their parents due to the coronavirus pandemic, according to Zillow. COVID-induced […]
September 18, 2020

Full steam ahead for single-family starts in August

Single-family starts were still going full steam ahead in August, according to the National Association of Home Builders (NAHB). “Consistent with surging builder confidence, single-family starts […]
September 18, 2020

Stewart Title snaps up Yukon Title Company

Stewart Title announced Wednesday its acquisition of Yukon Title Company, a top provider of title and escrow services across the state of Alaska. The real estate […]
September 18, 2020

National MI and Lender Price integrate their pricing technologies

The National Mortgage Insurance Corporation (National MI) has announced a partnership with Lender Price, a cloud-based product, pricing and eligibility (PPE) engine provider for the mortgage […]
September 18, 2020

Expert Home Security Tips and Tricks

Purchasing, updating, and decorating your home was a big investment. It is your family’s refuge and holds both treasured memories and valued possessions: in short, all […]
September 18, 2020

SDL Surveying hit 100 in-house surveyor landmark and five-year volume high

SDL Surveying, has employed its 100th in-house surveyor, while at the start of September the business recorded its three best days of case volumes in the […]
September 18, 2020

Accord repeats two-day offering of 90% LTV first-time buyer products

Accord Mortgages will be offering a limited release of 90% loan-to-value (LTV) products for first-time buyers, exclusively for brokers. The two house purchase mortgages will be […]
September 18, 2020

Labour warns that government must act now to protect renters

The Labour Party has called on the government to extend the evictions ban, which is due to end on Sunday 20 September, to avoid a homelessness […]
September 18, 2020

Kingswood Holdings to acquire Regency Investment Services

Wealth and investment management group Kingswood Holdings Limited has agreed to acquire, subject to regulatory approval, Surrey-based independent financial adviser (IFA) business Regency Investment Services Limited. […]
September 17, 2020

Rent and Mortgage Cancellation Act back in the limelight

Housing advocates in New York are demanding action to protect renters. They protested outside Assembly Speaker Carl Heastie’s Bronx office on Tuesday, led by a mariachi […]
September 17, 2020

Answering small businesses’ questions about the Economic Injury Disaster Loan

With the Paycheck Protection Program having moved into the forgiveness stage, and plummeting personal consumption accounting for about a quarter of the country’s ghastly 32.9 percent […]
September 17, 2020

O’Neill Patient Group appoints sales director

O’Neill Patient Group (ONP) has appointed Jessica Szczelkun (pictured) as its first sales director. Szczelkun joins from SortRefer where she held the position of sales and […]
September 17, 2020

The BTL Market: Is it stronger than ever or a false dawn?

Join Mortgage Introducer and Landbay on Wednesday 23 September at 3pm BST for another live Q&A session giving a balanced view on the latest developments in the buy-to-let market. The webinar will […]
September 17, 2020

ASK Partners adds chief technology officer

ASK Partners, a specialist real estate funder, has appointed Mark Templeman (pictured) as chief technology officer. Templeman takes up the role having previously been an independent […]
September 17, 2020

Darlington ups minimum loan size for out of area mortgages

Darlington Intermediaries has revealed that it will be temporarily increasing its minimum loan size for all ‘out of area’ mortgage applications. The firm defines ‘out of […]
September 17, 2020

Mike Jones set to retire from Lloyds

Intermediaries managing director Mike Jones (pictured) will retire from his position at Lloyds Banking Group at the end of the year. Jones joined the bank in […]
September 17, 2020

BoE keeps base rate at 0.1% as negative rates loom

The Bank of England’s monetary policy committee (MPC) has unanimously voted to keep the base rate at 0.1% as negative interest rates loom. In the clearest […]
September 17, 2020

Foundation cuts BTL rates

Foundation Home Loans has reduced its buy-to-let rates across all product tiers and property types. The 80% loan-to-value (LTV) 2-year fix has been cut from 4.29% […]
September 17, 2020

BSA: Job security greatest obstacle to homeownership

The greatest obstacle to homeownership is job security fears, according to The Building Societies Association. Data collected by the association shows that 68% of respondents believe […]
September 17, 2020

Fed could keep rates near zero through 2023

The Federal Reserve announced Wednesday that it would keep interest rates near zero for the foreseeable future. The Fed’s governing body, the Federal Open Market Committee […]
September 17, 2020

How working with a lender that retains its servicing can benefit originators

The mortgage process is about as transactional as anything you can imagine. The originator gets the deal done and moves on to the next client. The […]
September 17, 2020

FHFA has failed homeowners during pandemic, says top Dem

A top lawmaker has slammed the Federal Housing Finance Agency for what she said was its inadequate response to the COVID-19 pandemic. At a hearing before […]
September 17, 2020

Builder optimism skyrockets despite lumber concerns

Despite lumber prices going through the roof, builder confidence in the market for newly-built single-family homes reached a new record high this month, according to the […]
September 17, 2020

Black Knight closes $1.8bn acquisition of Optimal Blue

Black Knight has closed its acquisition of data and analytics provider Optimal Blue – boosting its portfolio of secondary markets products and actionable data services. Black […]
September 17, 2020

Refis represented majority of closed loans in August

Refinances accounted for 56% of all closed loans in August, according to the latest Ellie Mae Origination Insight Report. Refis saw a 2% month-over-month gain in […]
September 17, 2020

ClosingCorp integrates with OpenClose’s mortgage POS and LOS platforms

ClosingCorp has announced a partnership with OpenClose that would bolster its digital lending experience. The companies announced the integration of ClosingCorp’s automated fee services with OpenClose’s […]
September 17, 2020

Vitality simplifies life insurance offering

Vitality has simplified its life insurance offering and will now offer one personal protection product, the option of one optimiser and access to its healthy living […]
September 17, 2020

EXCLUSIVE: Accord: Lenders must take common sense approach as pandemic reduces flexibility

Those lenders that restrict themselves to ‘vanilla’ criteria could see brokers move their business elsewhere, as an increasing number of customers find themselves in unconventional financial […]
September 17, 2020

Trussle: Mortgage payment holidays have been a vital lifeline

Mortgage payment holidays have proved a vital lifeline for homeowners struggling financially due to the COVID-19 crisis, according to online mortgage broker Trussle. However, following the […]
September 17, 2020

West One updates resi and BTL second charge ranges

West One has made a number of changes to its residential and buy-to-let (BTL) second charge ranges. Within the lender’s residential second charge range, regular overtime […]
September 17, 2020

SmartSearch: FCA must use full weight to combat fraud

Following a recent Freedom of Information request, the Financial Conduct Authority (FCA) has confirmed that so far in 2020 no criminal prosecutions have been made under […]
September 17, 2020

Sesame partners with Mortgage Brain to help advisers adopt FCA requirements

Sesame Network has launched an exclusive solution in partnership with Mortgage Brain, which enables advisers to enhance their service to customers following implementation of the Financial […]
September 16, 2020

Just Mortgages adds first online-only broker

Just Mortgages has added its first online-only broker, Rachael Fox. Fox has 12 years’ experience in financial services and has been a mortgage broker for three […]
September 16, 2020

Knowledge Bank makes criteria clinics a permanent fixture

Due to demand from brokers for their first six of Knowledge Bank’s Criteria Clinic sessions, the company will now host the webinars on a permanent basis.  […]
September 16, 2020

Hope Capital notes record summer despite COVID-19

Hope Capital has noted a record surge in demand, despite the complications brought on by coronavirus. Between June 2020 and August 2020, the firm saw its […]
September 16, 2020

Uinsure appoints Lauren Bagley as chief marketing officer

Uinsure has appointed Lauren Bagley (pictured) as chief marketing officer. Bagley joins from Sesame Bankhall Group where she held the position of business development manager. She […]
September 16, 2020

Conveyancing and fallen-through property sales

Peter Joseph is CEO of The Moving Hub Picture this: First-time property buyers find their dream home, get themselves rather excited while waiting for the legal […]
September 16, 2020

Sadiq Khan calls for two-year rent freeze in London

Sadiq Khan has called for a two-year freeze on rent in the capital in order to lessen the effects of COVID-19 on those privately renting. The […]
September 16, 2020

PFS appoints Sarah Lord as president

The Personal Finance Society (PFS) has elected Sarah Lord (pictured) as president for 2020 to 2021. Lord is chief client officer for Succession Wealth and is […]
September 16, 2020

Bridging Finance Solutions expands North West team

Bridging Finance Solutions (BFS) has appointed Damian Davies (pictured) as business development manager in the North West. Davies has worked as an independent broker, as well […]
September 16, 2020

Industry reacts to Land Registry HPI

The Land Registry has published its House Price Index (HPI) for June 2020, showing that house prices across the UK rose by 3.4% to £237,834. Many believe […]
September 16, 2020

Christopher Woolard to chair review of unsecured credit market regulation

The Financial Conduct Authority (FCA) has confirmed that Chris Woolard will chair a review of the future regulation of the unsecured credit market, reporting to the […]
September 16, 2020

Buckinghamshire reintroduces ex-pat BTL product

Buckinghamshire Building Society has reintroduced its ex-pat buy-to-let product. The offering is a 70% LTV 2-year discount at 3.99%. It includes a product fee of £999 […]
September 16, 2020

LightBlue UK: Mortgage holiday recipients “may be heading for trouble”

Financial advisory firm LightBlue UK has warned mortgage holiday recipients that they “may be heading for trouble”. The firm said consumers must consider three principal points […]
September 16, 2020

Crackdown on deceptive VA lenders continues

The Consumer Financial Protection Bureau continued its crackdown on deceptive VA lending Monday by slapping a penalty on yet another mortgage company for deceptive advertising. The […]
September 16, 2020

Forbearance numbers slide 15 basis points – MBA

The total number of mortgages in forbearance decreased to 7.01% of servicer portfolio volume as of Sept. 6 from 7.16% the week prior, according to new […]
September 16, 2020

New home purchase apps post solid increase

The new home purchase market has done well despite economic uncertainty and the pandemic’s distortion to typical seasonal patterns, according to the Mortgage Bankers Association. There […]
September 16, 2020

Ellie Mae launches AIQ Credit Analyzer for mortgage underwriters

Ellie Mae has announced a new tool that automatically perfects data in mortgage documents to cut the credit review process in underwriting to five minutes per […]
September 16, 2020

Maxwell adds new services to digital mortgage platform

Digital mortgage platform Maxwell has added underwriting and closing services to its digital mortgage platform. The additional services bolster Maxwell Fulfillment Platform, the company’s suite of […]
September 16, 2020

Flagstar Bank appoints COO as president of mortgage

Flagstar Bank has appointed company veteran Lee Smith as head of its mortgage division. Smith has served as executive vice president and chief operating officer at […]
September 16, 2020

NRLA: “Rent controls would be a disaster for London renters”

The proposal of rent controls in London, by Sadiq Khan, would be a disaster for tenants, according to the National Residential Landlords Association. As a result […]
September 16, 2020

Experian estimates 46% of mortgage holders could be on SVRs, but AMI says under 25%

The estimated number of mortgage holders on a standard variable rate (SVR) mortgage has increased to 46% during the UK lockdown period, up 2% from March, […]
September 16, 2020

TBMC adds Hodge to lender panel

The Business Mortgage Company (TBMC) has added Hodge to its lender panel. This partnership will provide TBMC’s members with access to Hodge’s Holiday Let Mortgage. Emma […]
September 16, 2020

UK house prices rise 3.4%

UK house prices have increased by 3.4% to £237,834 in the year to June 2020, according to the Land Registry’s House Price Index. This marks a […]
September 16, 2020

Coronavirus forcing 40% of SMEs to halt plans to sell

Coronavirus is forcing 40% of SMEs to delay their plans to sell, according to data collected by Nucleus Commercial Finance. Prior to the pandemic, 35% of […]
September 16, 2020

Is a second full-scale lockdown inbound?

Neal Jannels is managing director of One Mortgage System (OMS) As coronavirus infection rates continue to rise across the UK, could we be facing a full-scale […]
September 16, 2020

MBT: Affordability gap falls to 15% in August

The latest MBT Affordability Index has shown that the affordability gap, where no lender is able to meet the loan amount requested by a broker, fell […]
September 16, 2020

Ipswich Building Society added to Dynamo’s lender panel

Ipswich Building Society has been added to the lender panel of Dynamo for Intermediaries. This follows the appointment of Charlotte Grimshaw (pictured) as Ipswich Building Society’s […]
September 15, 2020

Barrows and Forrester: FTBs pay £40k less than wider market average

Research from lettings and estate agent Barrows and Forrester has revealed which areas of the property market are the best for first-time buyers (FTBs) based on […]
September 15, 2020

Zoopla unveils Zooploma for BTL landlords and investors

Zoopla has launched a new Zooploma designed to support and “empower” buy-to-let landlords and investors. The personalised email programme provides free property guides, expert advice, and […]
September 15, 2020

MAB Later Life comes to market

Mortgage Advice Bureau (MAB) has launched MAB Later Life as part of a new and exclusive strategic partnership with the Key Group. In this new alliance, […]
September 15, 2020

Genworth releases First-Time Homebuyer Report for Q2 2020

Today, Genworth Mortgage Insurance released its First-time Homebuyer Report for the second quarter of 2020. Authored by Genworth chief economist Tian Liu, the report found a […]
September 15, 2020

Attracting more landlord customers

Raj Dosanjh is co-founder of Rentround In the digital age, a successful mortgage lender marketing strategy includes researching the target customer, including demographics, content-consumption and behavior […]
September 15, 2020

PRIMIS partners with Experian

PRIMIS Mortgage Network has partnered with Experian in order to supply advisers with the provider’s Electronic ID Verification System (EiDV) delivered via Experian’s Affordability Passport. The […]
September 15, 2020

Minority borrowers face barriers in reaping full benefits of homeownership – report

Minority homeowners can face significant barriers to realizing the full benefits of homeownership – especially when it comes to building intergenerational wealth, according to a recent […]
September 15, 2020

iBuying plummeted in Q2 thanks to pandemic

The iBuying trend took a nosedive in the second quarter as the COVID-19 pandemic paused business, according to a Redfin report. The nation’s top iBuyers bought […]
September 15, 2020

Verus Mortgage Capital launches commercial real estate division

Verus Mortgage Capital, a non-QM correspondent investor, has designated a new division, Verus Commercial real Estate Finance (VCREF) to pursue origination opportunities in commercial real estate […]
September 15, 2020

Surge in mortgage originations boosts title premiums

A surge in mortgage lending – which drove origination volume to nearly $1.1 trillion – drove an 8% increase in title insurance premiums in Q2 2020. […]
September 15, 2020

Reggora partners with GoodData for enhanced appraisal data management

Reggora has announced that it has partnered with GoodData, an analytics management company, to help mortgage lenders become more strategic in their appraisal workflows. Reggora and […]
September 15, 2020

Churchill Mortgage branches out into new Florida markets

Churchill Mortgage has extended its operations in Florida after seeing record growth in loan volume in the first half of the year. To further its growth, […]
September 15, 2020

Sierra Pacific Mortgage hires VP to accelerate TPO growth

Sierra Pacific Mortgage has hired Jennifer Folk to lead the company’s third-party originations fulfillment team in the West region. The mortgage lender has appointed Folk as […]
September 15, 2020

Key: Retirees in 2020 own property worth £142.5bn

Those retiring in 2020 own property worth more than £142.5bn, with an average of £388,900 each, according to the research by equity release adviser Key. Key’s […]
September 15, 2020

IMLA: Lenders predict max 5% of those ending payment holidays will enter arrears

Research by the Intermediary Mortgage Lenders Association (IMLA) has found that concerns over a potential cliff edge come 31 October may be exaggerated, with lenders predicting […]
September 15, 2020

SimplyBiz publishes latest financial results

SimplyBiz has published its latest financial results for the six months ending 30 June 2020, which revealed a yearly rise in operating profit and consistent revenue […]
September 15, 2020

Working from home adds up to 12% for FTB deposits

First-time buyers who would normally commute to London could have saved on average over £1600 towards their housing deposit by working from home during the COVID-19 […]
September 15, 2020

EXCLUSIVE: CLS Money integrates Nivo app

Mortgage broker CLS Money has partnered with fintech specialist Nivo to provide customers with a fully branded ‘white labelled’ app for progressing mortgage applications, and to […]
September 14, 2020

Hope Capital appoints Together’s Mike Watson as senior underwriter

Hope Capital has appointed of Mike Watson as a senior underwriter. Watson joins Hope Capital from Together, where he was senior bridging underwriter. He has also […]
September 14, 2020

Rightmove: Rental hotspots moving away from commuter hubs

Rental hotspots in the UK are shifting away from traditional commuter hubs, according to data from Rightmove. The study, which analysed more than 60 million rental […]
September 14, 2020

Equifinance makes full return to the market

Second charge specialist lender Equifinance has made a full return to the second charge market, having withdrawn from the sector at the end of March. After […]
September 14, 2020

Mark Cliff and Andy Hawkes join Worry+Peace advisory board

Worry+Peace, the reviews-led marketplace for insurance, has appointed senior insurance figures Mark Cliff and Andy Hawkes to its Advisory Board. Cliff, who was recently appointed chairman […]
September 14, 2020

StepChange: SMI should return to benefit status to complement FCA guidance

Debt charity StepChange has suggested that government consider returning Support for Mortgage Interest (SMI) to its status as a benefit, rather than a loan.  This would […]
September 14, 2020

Slight improvements in rental payment not necessarily good news

Millions of American renters continue to struggle with their housing payments, as expanded unemployment benefits from the government came to an end. However, according to a […]
September 14, 2020

New data shows decreasing confidence in commercial real estate market

In yet another example of COVID-19’s lingering impact on commercial real estate, LightBox’s most recent Market Confidence Index for the commercial sector found the nation’s environmental […]
September 14, 2020

VA IRRRL Guidelines: The Benefits of VA IRRL Loan

If you are a veteran or service member, you can refinance your home through the VA home loan program. Note that it is the same popular […]
September 14, 2020

Gatehouse named 2020’s best Islamic bank for property and real estate

Gatehouse Bank has been named ‘Best Islamic Bank for Property & Real Estate Finance 2020’ at the Global Islamic Finance Awards (GIFA). Gatehouse has played a […]
September 14, 2020

CII creates transparency forum to ensure profession best meets needs of customers

The Chartered Insurance Institute (CII) has created a chartered transparency forum to examine ways the profession can best meet the expectations of consumers. The forum will […]
September 14, 2020

Blinc UK acquires 50% stake in Pink Chilli Software

Lettings supplier Blinc UK has acquired a 50% stake in Pink Chilli Software, a platform which allows agents to complete the move-in process from any device […]
September 14, 2020

Quilter: FCA guidance will see some struggle to borrow in the future

The Financial Conduct Authority (FCA) has confirmed that from 31 August, support measures such as mortgage payment holidays will affect borrowers’ credit files, which will likely […]
September 14, 2020

Housing Policy Council throws support behind proposed QM changes

The Consumer Financial Protection Bureau’s proposed changes to the Qualified Mortgage rule are earning high praise from a top industry association.  In June, the CFPB issued […]
September 14, 2020

Lenders extend help to non-profits during COVID-19

Considering the steady stream of crime, government inaction, struggling renters and collapsing real estate entities there is to write about every week, it’s a rare occurrence, […]
September 14, 2020

Forbearance numbers continue to improve – Black Knight

After dropping by nearly 150,000 the prior week, the total number of mortgages in forbearance saw continued improvement last week, according to new data from Black […]
September 14, 2020

US mortgage credit supply hits 6-year low

Reduced supply of offerings across all loan types led the overall decline in mortgage credit availability in August down to a six-year low. The Mortgage Bankers […]
September 14, 2020

Angel Oak Home Loans set for Western expansion

Angel Oak Home Loans has hired two mortgage pros to lead its expansion efforts throughout the Western region. The company appointed 18-year mortgage veteran Sean Casey […]
September 14, 2020

Zillow Offers expands to Jacksonville

Zillow has announced extending its iBuyer service, Zillow Offers, to Jacksonville. To date, the company has expanded Zillow Offers to 25 US markets, with four Florida […]
September 14, 2020

Roostify adds former Freddie Mac exec to C-suite

Roostify has announced the addition of Chris Boyle to its senior executive team as president of home lending. Bringing nearly 30 years of mortgage experience, Boyle […]
September 14, 2020

GetAgent: Scotland sees biggest asking price reductions for prospective buyers

Home sellers in Scotland with trouble selling have discounted their asking prices by an average of 22%, according to research by GetAgent.co.uk. Based on listings data […]
September 14, 2020

FCA confirms that next stage of mortgage support will affect credit scores

The Financial Conduct Authority (FCA) has published guidance around the support mortgage borrowers should receive if they continue to face payment difficulties due to coronavirus, but […]
September 14, 2020

LV= launches equity release direct channel with Age Partnership

LV= has agreed a partnership that will see equity release customers referred to Age Partnership. The launch of a direct channel by LV= follows a series […]
September 14, 2020

Mortgage Broker Tools partners with Alexander Hall

Mortgage Broker Tools (MBT) has partnered with Alexander Hall, to provide advisers at the firm with fully integrated criteria-driven affordability sourcing. The agreement means that the […]
September 14, 2020

OMS forms primary tech provider agreement with The Loan Partnership

One Mortgage System (OMS) has been adopted by master broker The Loan Partnership as its primary tech provider. Located in Hemel Hempstead, Hertfordshire, The Loan Partnership […]
September 13, 2020

Lettings professionals feeling optimistic about the future

A majority of letting professionals are feeling positive about the future despite a challenging year, according to the latest State of the Industry survey by Goodlord. […]
September 13, 2020

Hamptons: Over a third of renters upsizing following pandemic

Between May and August, over a third (34%) of tenants that moved home upsized by adding at least one extra bedroom, compared to 25% during the […]
September 11, 2020

Key: New equity release product launched every 28 hours

A new equity release product is launched every 28 hours thus far in 2020, according to analysis from Key Partnerships. There are now over 525 whole […]
September 11, 2020

MBE London 2020 postponed

Given the growing concerns around the COVID-19 pandemic and recent rise in cases, the organisers of MBE London have postponed the event which was due to […]
September 11, 2020

More on-time payments for mortgage borrowers

Many Americans are still having trouble meeting their housing payments as the financial impacts of COVID-19 continue to put the squeeze on homeowners and renters. Despite […]
September 11, 2020

Could HELOCs help credit unions replace lost auto loan income?

According to the CEO of nationwide second mortgage lender Spring EQ, credit unions suffering from the COVID-19-fuelled crash of their auto lending profits can make up […]
September 11, 2020

Mortgage rates hit new record low

Mortgage rates hit an all-time low this week, according to new data from Freddie Mac. The 30-year fixed-rate mortgage averaged 2.86% this week, according to Freddie’s […]
September 11, 2020

Lenders bullish on mortgage market as demand surges in Q3

The latest Fannie Mae Mortgage Lender Sentiment Survey paints a positive picture as the mortgage industry continues to benefit amid the coronavirus pandemic. Mortgage lenders reported […]
September 11, 2020

Non-QM investor launches commercial real estate division

Verus Mortgage Capital, a non-QM correspondent investor, has announced the launch of a new division, Verus Commercial Real Estate Finance (VCREF). In a statement, the firm […]
September 11, 2020

Orchard raises $69m to scale real estate platform

Orchard, a residential real estate platform, has announced closing a $69 million Series C equity funding round. Founded as Perch in 2017, the rebranded iBuyer company […]
September 11, 2020

SLK Global Solutions hires VP of mortgage relationship management

SLK Global Solutions has added mortgage leader Casey Hughes-Wade to its leadership team. Hughes-Wade joined the business process transformation enteprise as vice president of mortgage relationship […]
September 11, 2020

Lenders playing safe – or just making smart business choices?

Corey Whelan is director at Cambridgeshire Money In the current marketplace it appears impossible to get away from comments on the lack of available products at […]
September 11, 2020

Cambridge & Counties Bank appoints new CEO

Cambridge & Counties Bank has appointed Donald Kerr as its new chief executive officer. Predecessor Mike Kirsopp is set to retire from the role at the […]
September 11, 2020

Best house price growth on the Premier League revealed

Wolverhampton, the home of the Molineux, saw the best house price growth compared to other teams in the Premier League according to estate agent comparison site […]
September 11, 2020

ASTL: Bridging completions fall by 56%

Bridging completions were recorded at £470m in Q2 2020, which is down 56% compared to figures recorded in Q4 2019, according to the latest figures from […]
September 11, 2020

David Copland to leave LSL Financial Services

David Copland is to leave his role as LSL’s director of mortgage services at the end of October. Copland (pictured) joined the LSL Group in 2010 […]
September 10, 2020

Gender pay gap adds eight months to the wait for first home

OnlineMortgageAdvisor.co.uk studied Office for National Statistics (ONS) data to find that on average, full-time working women have to wait eight months longer than their male counterparts […]
September 10, 2020

13% using buy now pay later schemes to pay rent

13.38% of respondents to a survey by Money.co.uk admitted to using buy now pay later (BNPL) schemes to pay for their rent. This figure rose to […]
September 10, 2020

New equity release product launched every 28 hours in 2020

Analysis from Key Partnerships has found that new equity release products have launched at a rate equivalent to one every 28 hours so far in 2020. […]
September 10, 2020

Homes England and Invest & Fund launch partnership to support small builders

Homes England and Invest & Fund have formed a seven-year partnership to increase the amount of finance available to small to medium enterprise (SME) developers to […]
September 10, 2020

£30m government funding to unlock land for new homes

In a speech at the Chartered Institute of Housing’s annual conference, Cabinet Office Minister Lord Agnew has revealed that the government is boosting its Land Release […]
September 10, 2020

Is there a new normal in commercial lending?

“There is no more normal,” Allen Shayanfekr, CEO and co-founder of Sharestates told MPA when talking about the impact of COVID-19 on commercial lending. “We’ve been […]
September 10, 2020

Rising lumber costs driving up the price of new multi-family properties

The National Association of Home Builders says the spike in softwood lumber prices seen since the beginning of the COVID-19 pandemic is already being felt by […]
September 10, 2020

NatWest makes rate changes to resi and BTL products

NatWest has made rate changes across its existing customer range for both residential and buy-to-let (BTL) products, effective from 11 September. For residential products NatWest has […]
September 10, 2020

The West Brom launches support for mortgage prisoners

The West Brom Building Society is set to launch a proposition specifically designed to make use of the new rules on affordability, which make it easier […]
September 10, 2020

Ipswich Building Society reintroduces products – including resi up to 85% LTV

Ipswich Building Society is reintroducing products within its standard residential, buy-to-let (including expat buy-to-let) and holiday let ranges. This includes residential deals at 85% loan-to-value (LTV), […]
September 10, 2020

Aldermore reports profits as mortgage lending increases

Aldermore Group pre-tax profit of £48.8m in the year to June 30 2020 as it saw a £0.5bn growth in retail mortgages to £7.3bn. The Group’s […]
September 10, 2020

Number of those unaware they have poor credit growing

The number of clients who unaware they have poor credit files is growing, research from cherryplc.co.uk. and Click2Check has found.  The research, which was carried out […]
September 10, 2020

Legal & General launch RIO

Legal & General has launched a Retirement Interest Only (RIO) mortgage as part of its range of later life lending options. Legal & General’s RIO is […]
September 10, 2020

Iress: Lenders increasingly focussed on hybrid technology model

Lenders are accelerating the movement towards digital and self-service initiatives, tempered by the simultaneous movement towards increased human involvement at key points in the mortgage process […]
September 10, 2020

Non-QM keeps gaining traction

After some tentative first steps to return in the wake of the COVID-19 pandemic, non-QM is charging back to the forefront. “We’ve found some very serious […]
September 10, 2020

Airbnb CEO says company has “lost its way”. Will changes be coming to the platform?

When COVID-19 paralyzed the American economy in April and May, it took the tourism industry down like a drugged rhino. With flights grounded from one side […]
September 10, 2020

Top Mortgage Workplaces 2020: Entries now open

With so much of our time spent in the workplace, fostering an environment that employees enjoy being a part of is critical to an organization’s long-term […]
September 10, 2020

Pending home sales surge to 2-year high

The housing market saw the biggest uptick in new listings in nearly two years and pending home sales surged 21% in August, according to a new […]
September 10, 2020

Multifamily rent growth sees second consecutive uptick in August

US rent growth climbed for the second straight month in August, according to the latest Yardi Matrix National Multifamily Report. Nationwide, multifamily rent increased by $1 […]
September 10, 2020

PhoenixTeam to modernize VA’s mortgage tech

The US Department of Veterans Affairs Loan Guaranty (LGY) Service has awarded mortgage tech firm PhoenixTeam a new contract to modernize its home loan guaranty program. […]
September 10, 2020

SimpleNexus makes changes to senior exec team

SimpleNexus announced Tuesday that Cathleen Gates, a former Ellie Mae exec and current SimpleNexus board member, will now serve as company president. “Cathleen’s wealth of experience […]
September 10, 2020

SLK Global Solutions hires VP of mortgage relationship management

SLK Global Solutions has added seasoned mortgage leader Casey Hughes-Wade to its leadership team. Hughes-Wade joined the business process transformation enteprise as vice president of mortgage […]
September 10, 2020

London house prices increase at highest rate since 2015

Average property prices in prime London markets grew by the most in five years in the month to August, the latest data from Knight Frank has […]
September 10, 2020

Twenty7Tec extends helpdesk hours

Twenty7Tec has made a number of permanent changes to the way that the company provides support services to both intermediary and lender businesses. Twenty7Tec’s helpdesk will […]
September 10, 2020

The Exeter extends enhanced cash benefit for PMI members

Health and protection insurer The Exeter has extended its enhanced cash benefit for PMI (Private Medical Insurance) members. The benefit allows members to claim back up […]
September 10, 2020

Paymentshield to host virtual conference

General Insurance (GI) provider Paymentshield is hosting its first-ever live virtual conference that aims to help advisers to tackle the COVID-19 economic impact on the mortgage […]
September 10, 2020

Search Acument launches Data Snapshot

Search Acumen has launched a report aimed at helping real estate lawyers to identify risk early on, progress transactions more efficiently and better manage the sharp […]
September 10, 2020

Search Acumen launches Data Snapshot

Search Acumen has launched a report aimed at helping real estate lawyers to identify risk early on, progress transactions more efficiently and better manage the sharp […]
September 10, 2020

RICS: Housing activity continued to rise in August

Housing market activity continued to rise in August as buyers looked to cash in on the stamp duty holiday, according to the latest RICS UK Residential […]
September 10, 2020

Brightstone Law up for top legal award

Brightstone Law has been shortlisted for a Law Society Excellence Award, the highest accolade for law firms in England and Wales. Brightstone Law is shortlisted alongside […]
September 9, 2020

SmartSearch launches TripleCheck

SmartSearch has launched TripleCheck, a digital ‘Know Your Customer’ (KYC) and AML solution. The software combines three verification methods to set a new standard in AML […]
September 9, 2020

Hope Capital introduces apprenticeship scheme

Hope Capital has launched an apprenticeship scheme and taken on two recruits. Jade Thompson and Elle Hazlett will be working across the whole business initially, with […]
September 9, 2020

Trial won in second ‘no DSS’ case

Stephen Tyler has won his case against housing benefit discrimination at Birmingham County Court, becoming the second person in England to do so, according to housing […]
September 9, 2020

Yorkshire Building Society creates 35 tech roles

Yorkshire Building Society has confirmed the creation of 35 technology roles. The positions are designed to further the building societies investment in digital capabilities. The society […]
September 9, 2020

Amerdeep Somal appointed complaints commissioner

The Financial Conduct Authority (FCA), the Prudential Regulation Authority (PRA) and the Bank of England have confirmed the appointment of Amerdeep Somal as complaints commissioner. Responsibilities […]
September 9, 2020

Enterprise Finance adds Roma Finance to Panel

Enterprise Finance has added Roma Finance to its panel. As part of the agreement, customers of Enterprise Finance will have access to Roma Finance’s entire product […]
September 9, 2020

Do You Need 20% Down To Buy A Home?

The answer is, no. The down payment amount can vary depending on the type of loan for which you’re applying. Fortunately, there are numerous ways to […]
September 9, 2020

Newbury adds finance director

Newbury Building Society has appointed Darren Garner (pictured) as finance director. Garner has over 20 years’ experience in the financial services sector, with a speciality in […]
September 9, 2020

Homes England and Invest & Fund partner to support SMEs

Homes England and Invest & Fund have announced a seven-year lending partnership to support small builders. The collaboration will see a £25m revolving fund invested. The […]
September 9, 2020

Trillion-dollar quarter

The second quarter posted the largest quarterly origination volume on record, with nearly $1.1 trillion in first-lien mortgages originated in the quarter, according to data released […]
September 9, 2020

Perry Hilzendeger on the fruits of three decades in the finance sector

Recently selected as Home Point Financial’s new President of Servicing, Perry Hilzendeger is a 30-year finance and mortgage veteran who brings to bear a storied resume […]
September 9, 2020

Serious delinquencies hit 5-year high

The rate of serious mortgage delinquencies spiked in June to its highest level in more than five years, according to a new report by CoreLogic. On […]
September 9, 2020

Is homeownership waiting just outside city limits?

The option to work from home could open homeownership to people renting in expensive cities, according to a new Zillow analysis. According to Zillow, nearly 2 […]
September 9, 2020

Low mortgage rates drive consumer sentiment rebound in August

With mortgage rates still under 3%, Americans reported a more optimistic view towards home buying and home in August, according to Fannie Mae. The GSE’s Home […]
September 9, 2020

Vendorly integrates with Secure Insight to mitigate risk of wire fraud

Vendorly has reinforced its third-party risk management platform with tools that help mitigate ongoing risks associated with vendor management. To add an extra layer of protection […]
September 9, 2020

Yardi releases enhanced platform for public housing agencies

Proptech company Yardi has released an enhanced version of its property management software platform, Yardi Breeze, for public housing agencies (PHAs). The company has rolled out […]
September 9, 2020

Hodge appoints group retail director and deputy chief executive

Hodge has appointed Matt Burton (pictured) as group retail director and deputy chief executive. In his new role, Burton will oversee the mortgage and savings business, […]
September 9, 2020

Kensington cuts rates and reintroduces product

Kensington Mortgages has cut rates to products within its residential, hero and buy-to-let (BTL) ranges, as well as reintroduced its eKo £1,000 Cashback Mortgage. Rates will […]
September 9, 2020

Keystone introduces “Autumn Specials” range

Keystone Property Finance has launched an “Autumn Special” product range. The offerings will be available across the lender’s standard and specialist buy-to-let ranges. The products offer […]
September 9, 2020

Knight Frank to launch auction business

Knight Frank is set to formally launch an auction business following a pilot sale in July this year. The group said that it will hold seven […]
September 9, 2020

MBT launches first ever mortgage affordability index

Mortgage Broker Tools (MBT) has launched the first ever mortgage affordability index, according to the company. The index is designed to provide brokers and lenders with […]
September 9, 2020

Simply Academy awarded Trusted Partner status from LIBF

Simply Academy has achieved Trusted Partner status from The London Institute of Banking & Finance (LIBF). The LIBF Trusted Partner status is awarded to organisations who […]
September 8, 2020

Pure Commercial Finance rebrands as Pure Property Finance

Pure Commercial Finance has rebranded as Pure Property Finance. In addition, Pure Property Finance will sit under new parent company, Pure Advisory Group. The move has […]
September 8, 2020

Paradigm launches annual testing function

Paradigm has launched an annual testing function as part of its CPD Academy. According to the firm, the CPD Academy provides members of Paradigm with a […]
September 8, 2020

UTB launches interest-only resi range

United Trust Bank has launched an interest-only residential mortgage range. The launch comes as part of the ‘#BrokerSummerSupportPackage’, according to the firm. Key features of the […]
September 8, 2020

Contented thinking: LinkedIn’s growth means content must work harder

Matt Smith is chief content officer at WHJE Lockdown has changed many things – not least our behaviour – but one silver-lining for Microsoft, at least, […]
September 8, 2020

Financial implication of lockdown

David Jones is director of Click2Check It seems fairly undeniable that over the course of the next six to 12 months, the credit situation for a […]
September 8, 2020

Did the CFPB drop the ball on mortgage relief awareness?

The Consumer Financial Protection Bureau has dropped the ball in its duty to make sure mortgage borrowers are aware of the relief options they are entitled […]
September 8, 2020

Loans in forbearance drop 1 million from peak – report

Active mortgage forbearances have fallen by about 1 million from their peak in May, a drop of 21%, according to the latest data from Black Knight. […]
September 8, 2020

Commercial, multifamily mortgages still doing well despite COVID-19 – MBA

Most commercial and multifamily mortgages are still performing well despite the coronavirus crisis, the Mortgage Bankers Association’s latest quarterly Commercial/Multifamily Delinquency Report showed. “The onset of the […]
September 8, 2020

Both pricey and affordable markets are ‘on fire’ – Redfin

Low rates coupled with the pandemic-driven trend of city dwellers fleeing to the suburbs have made bidding wars in affordable metros nearly as competitive as in […]
September 8, 2020

FormFree promotes product marketing director to COO

FormFree has announced that Cindy Snow, director of product marketing, has taken on the position of chief operating officer. The exec will now lead all aspects […]
September 8, 2020

First Bank & Trust Company names new VP of mortgage division

First Bank & Trust Company has announced the addition of Chad Pennington to its mortgage division in Virginia as vice president. In this role, Pennington will […]
September 8, 2020

Paradigm launches annual testing facility as part of CPD Academy

Paradigm has launched an annual testing function as part of its CPD Academy. The academy provides Paradigm members with a range of educational, CPD and training […]
September 8, 2020

Tuscan Capital restores maximum LTV to pre-lockdown levels

Tuscan Capital has restored its maximum loan-to-value (LTV) to 75%. The decision stemmed from demand by introducers for competitively structured short-term funding products. The previous reduction […]
September 8, 2020

Jenrick announces £12bn investment towards affordable housing

Housing Secretary Robert Jenrick has announced an £11.5bn Affordable Homes programme that will be delivered over five years from 2021, providing up to 180,000 new homes […]
September 8, 2020

Is now the right time to add to property portfolios?

Bob Hunt is chief executive of Paradigm Mortgage Services Looking gift horses in the mouth has never been a particular trait of private sector landlords over […]
September 8, 2020

BoE: Value of new mortgage commitments drops 53% year-on-year

The value of new mortgage commitments, which involves lending agreed to be advanced in the coming months, was 53.2% lower in Q2 2020 than the previous […]
September 8, 2020

Bluestone urges brokers to support non-standard consumers

Bluestone Mortgages has warned brokers that the needs of non-standard customers could end up being excluded from the development of open finance if advisers do not […]
September 8, 2020

Glenhawk adds CFO and finance director

Glenhawk has appointed Andrew Townsend as chief financial officer and Ryan Benton as finance director. Townsend joins with over 35 years’ experience in the regulated financial […]
September 8, 2020

Castle Trust Bank unveils new range of BTL products

Castle Trust Bank has unveiled a range of buy-to-let (BTL) products up to 75% loan-to-value (LTV), with instant terms available from the lender’s BDMs. The products […]
September 7, 2020

Average price of mortgage-funded property sales 10% higher than cash purchases

Record-low interest rates have stimulated buyer demand, with many taking advantage to borrow more than they might have previously; as a result, the average price of […]
September 7, 2020

Zephyr Homeloans joins IMLA

Zephyr Homeloans is the latest lender to join the Intermediary Mortgage Lenders Association (IMLA), which now represents 43 banks, building societies and specialist lenders. Paul Fryers […]
September 7, 2020

Knowledge Bank: COVID-19 restrictions remain top resi search

‘COVID-19: Temporary Maximum LTV Restrictions’ was the top residential search in August, according to data from Knowledge Bank. Coronavirus-related searches remained a theme throughout the top […]
September 7, 2020

Shawbrook picks Mental Health UK as corporate charity partner

Shawbrook Bank has chosen Mental Health UK as its 2020-21 corporate national charity partner as it looks to support people affected by mental health problems across […]
September 7, 2020

The Benefits of Hardscaping

Do you face trouble growing plants or grass because of poor soil composition, or any other reason? A hardscape can be an excellent remedy to this […]
September 7, 2020

FLA: Second charge mortgage new business dropped 64% in July

The second charge mortgage market saw new business levels decrease by 64% in July, according to data collected by the Finance & Leasing Association (FLA). Looking […]
September 7, 2020

Goodlord adds Reapit to its list of integrations

Goodlord has added Reapit, a property management software provider, to its list of integrations. The integration will be available for agents to view in a webinar […]
September 7, 2020

L&G equity release workshops receive CII accreditation

Legal & General’s equity release workshops have received Continuing Professional Development (CPD) accreditation from the Chartered Insurance Institute (CII). The CII noted that the sessions, which […]
September 7, 2020

United Trust Bank appoints Mark Stokes as chief commercial officer

Mark Stokes (pictured) has joined United Trust Bank (UTB) in the newly created role of chief commercial officer. Stokes was formerly managing director of commercial banking at […]
September 7, 2020

Mortgage Brain notes continued upward trajectory in ESIS

The volume of European Standardised Information Sheets (ESIS) being generated reached its second highest monthly volume in August, according to Mortgage Brain. While the total monthly […]
September 7, 2020

Industry reacts to August rise in house prices

The latest figures from Halifax showed that house prices saw a monthly rise of 1.6% in August, representing a year-on-year increase of 5.2%. Richard Galley, managing […]
September 7, 2020

Putting panel management under pressure

David Jabbari is chief executive of Muve There are essentially two ways that estate agents can form direct links with conveyancing providers. Firstly by direct instruction […]
September 7, 2020

Halifax: House prices up 1.6% in August

House prices rose 1.6% in August compared to July, and in the period of June to August, were 1.3% higher than March to May, according to […]
September 7, 2020

Medical Solutions partners with Cirencester Friendly

Medical Solutions has partnered with Cirencester Friendly to launch ‘GP24’, a 24/7 virtual GP service for the Society’s income protection members. GP24 is available to all […]
September 6, 2020

Phoebus Software and Yabber Global sign exclusive strategic partnership agreement

Lending and deposits servicing software specialist Phoebus Software Limited (PSL) has entered into an exclusive agreement with contact centre analytics business Yabber. This will allow the […]
September 6, 2020

Guardian recruits Vitality’s divisional director Hilary Banks

Guardian has recruited Hilary Banks (pictured), current divisional director at Vitality, to the role of sales director, reporting to CEO Katya MacLean. The protection challenger has […]
September 6, 2020

SmartSearch named one of UK’s top tech firms for second year running

Anti-money-laundering (AML) software provider SmartSearch has been named in the Sunday Times Sage ‘Tech Track 100’ for a second year. The list recognises Britain’s 100 private […]
September 4, 2020

CA responds to draft industry code of practice

The Conveyancing Association (CA), the trade body for the conveyancing industry, has issued its response to a draft of the Overarching Code of Practice for Residential […]
September 4, 2020

Emoov: Lack of low deposit deals will have knock-on effect across the market

The contraction of lending criteria and removal of many lower deposit deals will leave many with no option but the bank of mum and dad, according […]
September 4, 2020

Phoebus Software: Clock is ticking for stamp duty opportunities

The government’s stamp duty holiday is having the desired effect, but people looking to take advantage need to move fast, according to Phoebus Software. Commenting on […]
September 4, 2020

Accord launches limited issue 90% LTV range for first-time buyers

Accord Mortgages will return to first-time buyer 90% loan-to-value (LTV) lending for two days only next week. Between 9am on 7 September and 8pm on 8 […]
September 4, 2020

Cancelled Mortgage? Why Some Credit and Mortgages Get Cancelled

Mortgage Cancellation Explained Home sellers usually follow through the legal and formal processes involved in buying a new place. You as a home seller, end up […]
September 4, 2020

UK Finance: Home mover numbers took biggest hit during lockdown

Reflecting the full effect of lockdown and the paused housing market, home mover numbers fell by 61% year-on-year in April 2020, compared to 53% for first-time […]
September 4, 2020

UK Finance: Home mover numbers took biggest hit during lockdown

Reflecting the full effect of lockdown and the paused housing market, home mover numbers fell by 61% year-on-year in April 2020, compared to 53% for first-time […]
September 4, 2020

Exclusive: LiveMore Capital partners with Experian to broaden mortgage options for over-55s

Later-life lender LiveMore Capital has partnered with Experian to use its data services to understand and onboard new customers as it expands its presence in the […]
September 4, 2020

CDC’s new eviction moratorium met with worry from U.S. housing providers

Shortly after revealing its plans for a new nation-wide moratorium on evictions Tuesday, the Centres for Disease Control and Prevention found itself in the crosshairs of […]
September 4, 2020

Homebuyer purchasing power increases in July – Redfin

Thanks to historically low mortgage rates, homebuyer purchasing power increased year-over-year in July. A new report from proptech firm Redfin found that a homebuyer with a […]
September 4, 2020

Berkadia expands its affordable housing business with acquisition of LIHTC Advisors

Berkadia has acquired Idaho-based LIHTC Advisors, a brokerage firm focusing on low-income housing tax credit (LIHTC), to scale-up its affordable housing brokerage business. The commercial real […]
September 4, 2020

MeridianLink integrates loan origination software with Affordit tools

MeridianLink has partnered with fintech firm Affordit to give users of its loan origination software access to new credit application tools. Through the partnership, the Affordit […]
September 4, 2020

CoreLogic taps industry veteran as new chief operations and growth officer

CoreLogic has announced the appointment of seasoned data and analytics expert Patrick Dodd as chief operating and growth officer. Dodd brings 30 years of experience to […]
September 4, 2020

Pure Commercial Finance rebrands as Pure Property Finance

Pure Commercial Finance has rebranded under the name of Pure Property Finance and has also announced the launch of its parent company, Pure Advisory Group. In […]
September 4, 2020

SimplyBiz Mortgages adds Ceta to GI panel

SimplyBiz Mortgages has added Ceta Insurance to its GI panel, with immediate effect. Ceta offers a digital specialist quotation platform from a panel of non-standard insurers. […]
September 4, 2020

CMA launches enforcement action in relation to leasehold selling practices

The Competition and Markets Authority (CMA) has launched enforcement action involving four housing developers it believes may have broken consumer protection law in relation to leasehold […]
September 4, 2020

Rightmove: Number of sellers finding buyers within one week reaches 10-year high

In the period from 8 July to 31 August 2020, the number of sellers finding buyers within a week of putting their home up for sale […]
September 4, 2020

Lendlord launches mobile app

Online portfolio management platform Lendlord has launched an Android app to provide users with the full functionality of the online platform from their smartphone. The app […]
September 3, 2020

Cost for first-time buyers increases by two thirds in a decade

Property prices for first-time buyers have increased 69% in the past decade, with the average price rising from £142,473 in 2010, to £241,025 today, according research […]
September 3, 2020

Articus Finance makes new appointment

Articus Finance has appointed Assad Younis as a mortgage broker. Younis joins from Radcliffe and Newlands where he served as a mortgage advisor. He has also […]
September 3, 2020

Exclusive: Jeff Knight to leave Foundation Home Loans

Jeff Knight (pictured) is set to leave Foundation Home Loans, this month after nearly four years with the intermediary-only specialist lender. Knight, who is director of […]
September 3, 2020

Why it’s time for me to move on

Jeff Knight (pictured) is director of marketing at Foundation Home Loans – he will be leaving the business this month Vision over visibility. This is a […]
September 3, 2020

Why one CRE insider feels the fear over mass evictions is overblown

On Tuesday, after the expiration of both expanded unemployment insurance payments and a federal eviction ban created weeks of tension between landlords and renters, the Centers […]
September 3, 2020

NatWest makes rate changes

NatWest is making a number of rate changes across their Core Product range including increasing selected deals by as much as 0.30%.  For remortgage applications NatWest […]
September 3, 2020

A look at Houston’s multifamily sector

Houston is one of the largest metropolitans in the United States, and continues to grow, adding more than one million people to the city since 2010. […]
September 3, 2020

Goodlord: Voids settle and rents hold steady during August

August proved to be another successful month for the lettings market, with rents were up by 2% overall, according to research by Goodlord. Void periods were […]
September 3, 2020

Black borrowers pay more for mortgages throughout the country – study

Black home buyers are offered higher mortgage rates on average than the general population in every major metro area in the nation, a new study has […]
September 3, 2020

One lender’s strategy for increasing financing in low-priced communities

Last week, CBC Mortgage Agency announced it was taking steps to increase the availability of financing in low-priced communities by making small-balance mortgages a more lucrative […]
September 3, 2020

CFPB slaps another VA mortgage company with penalty

The Consumer Financial Protection Bureau continued its crackdown on allegedly deceptive VA mortgage companies Wednesday with a consent order against Accelerate Mortgage, a broker and lender […]
September 3, 2020

Mr. Cooper announces massive hiring of remote workers

Mr. Cooper has announced plans to go on a hiring frenzy through the remainder of 2020. The mortgage lending firm said that it would recruit 2,000 […]
September 3, 2020

RE/MAX Holdings acquires mortgage processing start-up wemlo

RE/MAX Holdings has announced the acquisition of Florida-based fintech start-up wemlo. The firm said that the addition of wemlo’s third-party mortgage loan processing services to its […]
September 3, 2020

eOriginal enhances digital platform for more efficient mortgage closings

Mortgage lending technology provider eOriginal has released an enhanced version of its digital closing platform. The ClosingCenter 2.2 offers lenders a streamlined and scalable digital lending […]
September 3, 2020

NewRez, Shelter Mortgage form new home financing joint venture

NewRez and its JV business division Shelter Mortgage Company have launched a new home lending joint venture. The companies partnered with Atlanta Fine Homes Sotheby’s International […]
September 3, 2020

ERC appoints first legal representative to board

The Equity Release Council (ERC) has broadened its industry representation by appointing the first legal member to serve on its main board. Claire Barker, managing director […]
September 3, 2020

Nottingham adds Ingard to panel

The Nottingham for Intermediaries has added mortgage network Ingard to its mortgage distribution panel. Members of the network will have access to the building society’s range […]
September 3, 2020

Foundation Home Loans enhances residential range

Foundation Home Loans has introduced enhancements, including rate cuts, across its residential product range. The lender has simplified its range by having rates with a maximum […]
September 3, 2020

Responsible Life records a 52% annual increase in lifetime mortgage sales

Later life lending specialist Responsible Life has recorded a 52% annual surge in lifetime mortgages sales. The broker advised on £41m of lifetime mortgages in August, […]
September 3, 2020

Hope Capital launches bridging product at 75% LTV

Hope Capital has launched its Seventies Collection, which comprises two bridging loan products, one of which provides the lender’s highest loan-to-value (LTV) at 75%. The second […]
September 3, 2020

Nivo joins the ASTL

Nivo has become the latest professional organisation to join the Association of Short Term Lenders (ASTL) as an associate member. Nivo’s technology solution simplifies information gathering […]
September 2, 2020

NatWest: Majority say remortgaging helped improve their mental health

Overall, 43% of homeowners said remortgaging had a positive impact on their mental health, whilst 23% said it significantly improved their mental health, according to research […]
September 2, 2020

Specialist Finance Introducer Awards 2020 shortlist revealed

Specialist Finance Introducer has revealed the shortlist for the 2020 SFI Awards. The awards recognise, reward and celebrate the best and brightest of the UK specialist […]
September 2, 2020

Non-QM charging forward

It’s full steam ahead for the non-QM train. The niche segment is holding just a fraction of the market share it had pre-pandemic, leaving many strong […]
September 2, 2020

Barrows and Forrester: Property transactions in England down 71% since March

Analysis of Land Registry data by Barrows and Forrester has revealed that property transactions in England have fallen by 71% since lockdown was implemented at the […]
September 2, 2020

Kensington launches 1.94% fix

Kensington Mortgages has launched a 2-year residential mortgage rate at 1.94%. The new rate is available on Kensington’s Select range at 70% loan-to-value (LTV) with a […]
September 2, 2020

Dems demand investigation into Ben Carson’s conduct

Democratic senators say the HUD secretary may have violated the Hatch Act
September 2, 2020

Russell Laing on the importance of having an analytical mind and well-honed people skills

Combining both hard and soft skills will yield the best results for clients, says the 18-year veteran
September 2, 2020

Home-buying preferences making suburban shift – NAHB

There’s increasing demand for construction in suburban neighborhoods, driven largely by COVID-19
September 2, 2020

Remote work is shifting the landscape of where people buy homes

Forsyth County, Ga., ranks as the top work-from-home county in the US
September 2, 2020

Xome launches app for DIY home inspections and faster valuations

Demand for “less invasive” inspections amid COVID-19 prompted the company to develop Inspex
September 2, 2020

Homesnap partners with MLS firm to “make agents’ lives easier”

The companies will sync MLS data between their platforms to create more efficient tools for agents and brokers
September 2, 2020

NewRez announces key addition to senior leadership team

The exec has a proven track record in market innovation and brand positioning
September 2, 2020

Charles McDowell to speak at ASTL virtual conference

Charles McDowell (pictured), managing director at Hampshire Trust Bank, has been revealed as the guest speaker at the ASTL’s virtual conference on Tuesday 22 September. McDowell […]
September 2, 2020

Propertymark appoints presidents for the year ahead

ARLA Propertymark and NAEA Propertymark have appointed their presidents for the year ahead. Angela Davey succeeds Phil Keddie as president of ARLA Propertymark, having been appointed […]
September 2, 2020

Nationwide: Annual house price growth up 3.7% in August

Annual house price growth rose by 3.7% in August, a significant improvement on 1.5% growth in July, and on the -0.1% seen in June, according to […]
September 2, 2020

PMS adds to protection panel and launches value framework

PMS Mortgage Club has expanded its Zenith protection panel for directly authorised (DA) firms with the addition of British Friendly, Canada Life, Guardian, Shepherd’s Friendly, The […]
September 1, 2020

Zoopla customer numbers rise by 2% following £30m investment

Despite the challenges posed to the industry by COVID, Zoopla has reported that the number of agent branches and new homes sites currently subscribed to the […]
September 1, 2020

Enness Global: Transactions in prime London market down substantially on January

Transactions in London’s prime £1m-plus market have declined, with only four taking place in June, compared to 451 in January, according to high net worth (HNW) […]
September 1, 2020

Brighten Up Your Bedroom With These Simple Tips

Need some bedroom styling tips? Indeed, the bedroom is an important place in our house as we spend plenty of our time in this room; however, […]
September 1, 2020

Nottingham to reduce SVR

The Nottingham is set to reduce its Standard Variable Rate (SVR) and relaunch all its acquisition and retention products to ensure they revert to the new […]
September 1, 2020

Vida rejoins market with AI chatbot and simplified product structure

Specialist lender Vida has made a full return to the intermediary mortgage market, following a successful £350m securitisation deal in July. The relaunch sees the lender […]
September 1, 2020

The 2008 recession vs COVID-19: why this time is different

 Rob Barnard, director of intermediaries, Masthaven Bank As a result of the coronavirus pandemic, news that the UK has plunged into the deepest recession since records […]
September 1, 2020

The coronavirus crisis has forced the equity release industry to innovate – but will the good habits last?

Stuart Wilson, corporate marketing director, more2life The effects of the coronavirus crisis have been felt far and wide, with the subsequent lockdown causing significant disruption to […]
September 1, 2020

Viewing figures in lettings market hit a ten-year high

In the week ending 22 August the number of viewings in the lettings market in London and the Home Counties hit a ten-year high, according to […]
September 1, 2020

Pepper completes Bank of Cyprus servicing contract

Pepper has successfully completed its non-performing loan (NPL) servicing contract for the Bank of Cyprus plc, having outperformed market expectations. The loans were placed into the […]
September 1, 2020

Yorkshire Building Society: Pandemic is widening financial wellbeing gap

The number of people not saving at all has almost doubled in the last year with one in five people (21%) not saving now compared to […]
September 1, 2020

REVIEW: Brightstar Vlog: The Broker Edition

Watching a conversation between not two, but three legends in the social media mortgage market – “At least two of whom I’ve fallen out with in […]
September 1, 2020

LMS partners with LiveMore Capital for RIO products

Conveyancing solutions provider LMS has partnered with LiveMore Capital to facilitate legal services for the lender’s retirement interest-only (RIO) remortgage products. The partnership connects LiveMore Capital […]
September 1, 2020

Pandemic onset did not cause delinquency spike – CFPB

Consumers didn’t experience significant increases in delinquency or other negative credit outcomes following the onset of the COVID-19 pandemic, according to a new report by the […]
September 1, 2020

Exec’s move from Wells Fargo to Home Point another sign of wholesale lending’s growing appeal

Prior to being introduced as Home Point Financial’s new president of servicing on August 18, Perry Hilzendeger was a fixture at Wells Fargo for 30 years. […]
September 1, 2020

Forbearance numbers remain flat – MBA

The total number of mortgages in forbearance remained unchanged relative to the prior week at 7.2%, according to the Mortgage Bankers Association’s latest Forbearance and Call […]
September 1, 2020

Borrowers in non-QM pools moving out of COVID-related deferrals

Sponsors of non-QM mortgages pooled in new securitizations are making progress in moving borrowers out of pandemic-related payment deferrals, according to new data from Asset Securitization […]
September 1, 2020

Eastern Union launches hiring initiative for mortgage brokers

Eastern Union has launched a new hiring initiative that trains new hires as commercial mortgage brokers. The initiative offers job opportunities for both workforce amateurs and […]
September 1, 2020

Caliber Home Loans raises funds for COVID-19 relief efforts

Caliber Home Loans announced that it has raised $500,000 for United Way as part of its “Caliber Kindness” fundraising initiative. The fundraising initiative was held by […]
September 1, 2020

University opens online risk education series for mortgage professionals

The Robert H. Smith School of Business at the University of Maryland (Maryland Smith) and the Collateral Risk Network (CRN) have teamed up to present a […]
September 1, 2020

Fannie Mae announces pair of senior promotions

Fannie Mae has announced the promotions of Jeffery Hayward to executive vice-president and chief administrative officer, and Michele Evans to executive vice-president and head of multifamily. […]
September 1, 2020

PFS to deliver free financial education in schools

The Personal Finance Society (PFS) has started working with schools and colleges to deliver free financial education workshops from September onwards. When the decision was taken […]
September 1, 2020

BoE: July mortgage borrowing up £0.3bn month-on-month

In July, households borrowed a net additional £2.7bn secured on their homes, according to the Bank of England’s Money and Credit report. This was up on […]
September 1, 2020

LMS’ Remortgage Healthcheck Index shows green shoots of recovery

LMS has published its latest Remortgage Healthcheck Index, produced in partnership with the Centre of Economics and Business Research (CEBR), covering Q1 and Q2 2020. Each […]
September 1, 2020

Virgin Money joins Mortgage Brain’s Lendex

Virgin Money has become the latest lender to join Lendex, the multi-lender application and submission gateway from mortgage technology business Mortgage Brain. Lendex allows advisers to […]
September 1, 2020

Rayner Personnel expands into South West through deal with Complete

Property industry recruiter Rayner Personnel has struck a deal with Complete estate agency, to provide a complementary proposition.  Will Smith and Jade Boyles-White’s estate agency Complete […]
September 1, 2020

Legal & General: 24% of homebuyers are more reliant on ‘bank of mum and dad’ post-pandemic

Nearly one in four (23%) housing transactions will be backed by loans from ‘the bank of mum and dad’ (BoMaD), in 2020, with 24% of borrowers […]
August 31, 2020

Pandemic clauses give retail landlords, tenants a new lease on life

Shutdowns caused by the COVID-19 pandemic have dealt a huge financial blow to the retail industry, prompting commercial landlords to include rent relief concessions in the […]
August 31, 2020

A quarter of U.S. hotels at risk of foreclosure

A recent report compiled by Trepp and sent to Congress by the hotel industry found that almost one in four U.S. hotels are at risk of […]
August 31, 2020

Mortgage Mistakes: The Most Common Mistakes You Can Make as a Homebuyer

What are the most common mortgage mistakes anyone can make? Here are the answers. The Most Common Mortgage Mistakes of Homebuyers First, Credit Scores play an […]
August 31, 2020

Waters to FHFA: Postponing new refi fee won’t cut it

The Federal Housing Finance Agency announced last week that it would postpone implementation of its universally loathed Adverse Market Refinance Fee (AMFR) from Sept. 1 to […]
August 31, 2020

Opinion: Don’t let soaring origination volume get in the way of compliance

It’s an understatement to say that 2020 has been a historic year for mortgage lending. ATTOM Data Solutions’ 2020 U.S. Residential Property mortgage Origination Report puts […]
August 31, 2020

Hurricane Laura damage estimates revealed

Hurricane Laura caused up to $12 billion in property damage in Louisiana and Texas, according to a new analysis from CoreLogic. The analytics provider estimated insured […]
August 31, 2020

These are the most popular cities for buyers looking to move to another metro area

With work-from-home becoming the new normal thanks to the COVID-19 pandemic, more residents in expensive coastal cities like San Francisco and New York are looking to […]
August 31, 2020

Black Knight acquires digital document firm

Black Knight has announced the acquisition of digital document firm DocVerify. In a statement, Black Knight said that that the acquisition will accelerate its goal of […]
August 31, 2020

Union Home Mortgage appoints new VP of direct lending

Union Home Mortgage (UHM) has appointed Phil Buscemi as vice-president of direct lending at its headquarters in Ohio. An industry veteran with more than two decades […]
August 31, 2020

Churchill Mortgage hires new VP of credit risk

Churchill Mortgage has named Martin Ford as its new vice president of credit risk. An industry veteran, Ford brings more than 30 years of experience in […]
August 29, 2020

Check All the Boxes for These FHA Loan Qualifications and Steps

Congratulations! You have all the requirements for qualifying for the FHA loan! Once you are aware of the minimal requirements of getting the FHA loan, here […]
August 28, 2020

Goodlord: New eviction rules differentiate well-intentioned from anti-social tenants

The government’s updated guidance, which introduced a six month notice period for evictions in all but the most egregious cases, will help landlords by differentiating between […]
August 28, 2020

Government updates eviction guidance, adds six month notice period

The government has introduced legislation meaning landlords must now give tenants six months’ notice before they can evict, until March 2021. Exceptions will be made in […]
August 28, 2020

Key: Over-65s hold £1.124tr in mortgage-free property wealth

Total property wealth owned by over-65s who have paid off mortgages is valued at £1.124tr, according to analysis from equity release adviser Key. This has increased […]
August 28, 2020

Accord no longer accepting applications from individuals on furlough

From Tuesday 1 September, Accord Mortgages will no longer accept new lending applications from individuals on furlough. Residential and buy-to-let (BTL) applicants must be back at […]
August 28, 2020

ABI extends pledge to support customers

Members of the Association of British Insurers (ABI) have extended their pledge to support customers during the COVID-19 crisis to 31 October 2020. Insurers made a […]
August 28, 2020

MPA wants your expertise

Mortgage Professional America is seeking knowledge, expertise and insight from mortgage pros like you. During these unprecedented times, mortgage professionals are dealing with new challenges, from […]
August 28, 2020

New Attom data finds 4% of U.S. homes potentially facing foreclosure are vacant

Yesterday, ATTOM Data Solutions released its Vacant Property and Zombie Foreclosure Report for the third quarter of 2020, finding that just over 1.5 million U.S. residential […]
August 28, 2020

FHFA extends foreclosure, eviction bans through end of 2020

The Federal Housing Finance Agency has once again extended moratoriums on evictions and foreclosures in response to the economic impacts of the COVID-19 pandemic. The FHFA […]
August 28, 2020

Housing affordability suffers as high-income households drive up rent – study

The supply of affordable homes has remained extremely low in the past decade as more high-income households choose to rent than purchase a home, according to […]
August 28, 2020

Nine homes for every 10 listings go under contract in July – NAR

Homes are going under contract in record time, and the National Association of Realtors reported seeing another month of positive pending home sales activity in July. […]
August 28, 2020

Home Captain launches hub for customer retention products

Following its recent acquisition of Redefy, fintech firm Home Captain has rolled out a new suite of products and services that helps mortgage companies increase customer […]
August 28, 2020

Walker & Dunlop makes two key hires to expand property sales platform

Walker & Dunlop has announced the additions of Managing Director Still Hunter III and Director Kaya Suarez to its South Florida team to help expand its property […]
August 28, 2020

Mark Lofthouse to retire as CEO of Mortgage Brain

Mortgage Brain has announced that Mark Lofthouse plans to retire in 2021 after 19 years as CEO. Lofthouse joined Mortgage Brain in 2002, when the company […]
August 28, 2020

Milton Keynes joins Land Registry’s growing digital LLC register

Milton Keynes District Council has joined HM Land Registry’s digital Local Land Charges (LLC) register.  Anyone requiring LLC searches in the local authority area will now […]
August 28, 2020

Evictions ban could leave landlords facing two year voids

Government plans to extend the evictions ban could leave private landlords without any rent for up to two years, the National Residential Landlords Association (NRLA). In […]
August 28, 2020

Air Group launches Air Care Month

Air Group, the collective of companies covering a range of retirement and later life services is launching its inaugural ‘Air Care Month’ during September, sponsored by […]
August 27, 2020

Shawbrook enhances product switch platform to provide instant offers

Shawbrook Bank has revealed developments to its online product switch platform, MyShawbrook Portal. The platform was launched in 2019 to streamline the product switch process for […]
August 27, 2020

How can multifamily investors prepare for post-COVID-19?

Before the coronavirus pandemic, 371,000 new apartments across the country were planned for 2020, but as a result of complications and delays caused by the current […]
August 27, 2020

Broker cites ‘people factor’ as he chooses The Nottingham to place final case

Mortgage broker John Vincent has moved to close JV Mortgages after 20 years, and has placed his last case with lender The Nottingham. Vincent has made […]
August 27, 2020

West Brom refreshes range and increases LTV to 85%

The West Bromwich Building Society (the West Brom) has returned to lending up to 85% loan-to-value (LTV) on residential purchases and remortgages, and has introduced a […]
August 27, 2020

Spotahome: High streets draw higher rents as Londoners pay for hustle and bustle

Tenants in London pay higher rents to live around the high street, the latest research from Spotahome has revealed. Spotahome looked at each London borough based […]
August 27, 2020

More industry groups express outrage at new GSE refi fee

Homeowners affected by Hurricane Laura and the California wildfires have relief options, according to Fannie Mae and Freddie Mac. Under Fannie Mae’s guidelines for single-family mortgages […]
August 27, 2020

Disaster-impacted homeowners have options

Homeowners affected by Hurricane Laura and the California wildfires have relief options, according to Fannie Mae and Freddie Mac. Under Fannie Mae’s guidelines for single-family mortgages […]
August 27, 2020

Caving to industry pressure, Fannie and Freddie postpone implementation of Adverse Market Fee

On Tuesday afternoon, Freddie Mac and Fannie Mae announced that the implementation the GSEs’ universally hated Adverse Market Refinance Fee would be postponed from September 1 […]
August 27, 2020

CFPB continues crackdown on VA lenders

The Consumer Financial Protection Bureau’s ongoing sweep of VA lenders has netted another business that allegedly deceived veterans. The CFPB has issued a consent order against […]
August 27, 2020

Annual home price gains stable in June

Home prices were stable in June, according to the results of the latest S&P CoreLogic Case-Shiller Indices. The National Home Price NSA Index showed that all […]
August 27, 2020

Realtor.com scores homes on its risk of flooding over a 30-year mortgage

To help home buyers get a better grasp of a property’s flood risk, realtor.com has included flood risk information on for-sale and off-market properties listed on […]
August 27, 2020

Figure launches first loan marketplace on a blockchain

Figure Technologies has launched the first loan marketplace that facilitates buying and selling of loans through its Provenance blockchain platform. The fintech company said that it […]
August 27, 2020

First American Mortgage Solutions join forces with Clarifire

First American Mortgage Solutions has announced a strategic alliance with Clarifire for a “seamless and effortless accessibility” to its loss mitigation products and services. The companies […]
August 27, 2020

OneDome Group beats previous visitor record in July

Having registered a record 1.5 million unique visitors in June, July 2020 has seen OneDome Group beat this record once again.  In July, OneDome Group – […]
August 27, 2020

Knowledge Bank recruits for three roles as part of expansion efforts

Criteria search system Knowledge Bank has created and is recruiting for several roles, to aid its expansion efforts. Knowledge Bank reported that take-up of its system […]
August 27, 2020

COVID-19 brings down another mall operator

One more sign that the U.S. economy has yet to tear itself free from the anchor of COVID-19 was delivered last week when another prominent U.S. […]
August 26, 2020

Dudley Building Society makes phased return to lending

Dudley Building Society has recommenced lending, but has confirmed that immediate appetite will be restricted as it begins to redevelop its origination via the broker market. […]
August 26, 2020

Zoopla: House prices will remain firm for the rest of 2020

House prices are set to hold firm for the remainder of the year, despite the onset of recession and rising unemployment, according to research by Zoopla. […]
August 26, 2020

O’Neill Patient pilots one-stop conveyancing app

Conveyancing firm O’Neill Patient has launched the pilot of a one-stop app enables clients to progress cases directly from a mobile device. Clients using the app […]
August 26, 2020

Industry reacts to next stage of support for mortgage borrowers

The Financial Conduct Authority (FCA) has confirmed that its guidance on mortgage payment holidays will not extend past 31 October, but has called on lenders to […]
August 26, 2020

Be a Savvy Consumer – How to Qualify for FHA Loans

Qualifying for FHA Loans Do you care about the house that you dream to have one day? Do you care what happens to you once you […]
August 26, 2020

Quilter: The onus is on lenders to help customers through a difficult period

The Financial Conduct Authority (FCA) will no longer be extending its guidance on mortgage payment deferrals, but the onus will still be on lenders to provide […]
August 26, 2020

StripeHomes: New-build prices in East of England rise by 34% in five years

New-build house prices in the East of England have risen by 34% to £373,829 in the past five years, research by StripeHomes has revealed. The East […]
August 26, 2020

Equity Prime Mortgage sues former HR director for defamation

In one summer, Atlanta-based Equity Prime Mortgage has found itself embroiled in racial tensions, a Georgia congressional race, and the QAnon conspiracy theory. The mortgage company […]
August 26, 2020

Billions in property at risk from Hurricane Laura – CoreLogic

Billions of dollars of property is at risk of storm-surge damage from Hurricane Laura should it make a Category 3 landfall as predicted. Hurricane Laura is […]
August 26, 2020

New home sales skyrocket to 13-year high

Sales of newly-built homes have hit their highest level since 2006, according to data from the US Department of Housing and Urban Development and the US […]
August 26, 2020

Motto Mortgage marks 200-franchise milestone

Motto Franchising has reached another major milestone with the sale of its 200th Motto Mortgage franchise. The company has seen growth of over 60 franchises in […]
August 26, 2020

Blue Sage and FormFree collaborate to expedite loan approval process

FormFree and Blue Sage have announced that borrowers and loan officers can now access FormFree’s automated asset verification service, AccountCheck, within the Blue Sage platform. Offering […]
August 26, 2020

Gateway appoints new CEO

Gateway First Bank has announced that its board of directors has elected Scott Gesell as the company’s chief executive officer. Gesell has served as CEO on […]
August 26, 2020

Mortgage payment holidays will end on October 31 but FCA calls for continued lender support

The Financial Conduct Authority (FCA) has confirmed that there will be no further extensions to its guidance on mortgage payment holiday;s which is due to come […]
August 26, 2020

PayProp becomes fully distributed company

Rental payment processing system PayProp has given its employees the ability to choose where they want to work from in future. From 1 July, all 134 […]
August 26, 2020

Principality partners with Iress

Principality Building Society has partnered with Iress for its MSO (Mortgage Sales and Origination) software. The MSO software enables brokers to complete Decision in Principles, allows […]
August 26, 2020

Stonebridge processes £1bn of mortgage applications in July

Mortgage and insurance network Stonebridge has processed over £1bn worth of mortgage applications during July 2020. The network reported a record month for lending applications, with […]
August 26, 2020

Virgin launches 90% LTV product for first-time buyers

Virgin Money has launched a range of 90% loan-to-value (LTV) mortgages for first-time buyers. The products come with seven and 10-year fixed term options and are […]
August 25, 2020

West Brom raises £32,500 for Birmingham Children’s Hospital Charity

Members of West Bromwich Building Society (The West Brom) have raised over £32,500 for Birmingham Children’s Hospital Charity, to help fund its work and provide services […]
August 25, 2020

Rightmove: Southern commuter belt spurred on by stamp duty savings

Tens of thousands of sellers are coming to market in the southern commuter belt, inspired by the stamp duty holiday, according to data from Rightmove. Commuter […]
August 25, 2020

Benham and Reeves: Some local authorities may prove recession-proof

Judging on the performance of property prices during the last recession, between April 2008 and June 2009, some local authorities may yet prove resilient in the […]
August 25, 2020

FJP Investment: A quarter of investors plan to take advantage of stamp duty holiday

A quarter (24%) of investors in the UK are planning to take advantage of the stamp duty holiday, according to research from FJP Investment. The investment […]
August 25, 2020

Getting comfortable with high LTVs

Simon Jackson is managing director at SDL Surveying Understandably there is a lot of focus on the high LTV mortgage sector at present, with the industry […]
August 25, 2020

UK Finance: Top 10 mortgage lenders increased overall market share in 2019

The top 10 mortgage lenders remained unchanged in 2018, in terms of both the value of gross lending and of mortgages outstanding, according to the UK […]
August 25, 2020

Both sides of the aisle demand answers on GSE refi fee

Lawmakers on both sides of the aisle are demanding answers from the Federal Housing Finance Agency about a recently announced 50-basis-point fee on refinances. The fee, […]
August 25, 2020

Why borrowers shouldn’t fear Fannie and Freddie’s new adverse market fee

When Fannie Mae and Freddie Mac announced on August 12 that they will start charging a 0.5 percentage point Adverse Market Fee on refinances beginning on […]
August 25, 2020

Most buyers would break their budget for a dream home – study

Despite the economic turmoil wrought by COVID-19, nearly two thirds of home buyers are willing to go over budget for their dream home, according to a […]
August 25, 2020

Fitch rates $324.37m Angel Oak securitization

Fitch Ratings has assigned expected ratings to a new securitization from Angel Oak Mortgage Trust. The securitization, known as AOMT 2020-5, is supported by 784 loans […]
August 25, 2020

Multifamily sentiment improves despite spike in vacancies

Confidence in the multifamily housing market improved in the second quarter but remains below pre-coronavirus levels, according to results from the Multifamily Market Survey (MMS) by […]
August 25, 2020

Former Americash CEO kickstarts new mortgage company

The former CEO of Americash and a team of veteran executives in the home finance sector have announced the launch of their second mortgage company, Certified […]
August 25, 2020

Qualia integrates with CATIC Title Search to streamline workflows

Qualia has announced a partnership with CATIC, a title insurance underwriter, to enable agents to place CATIC title search orders directly through its digital real estate […]
August 25, 2020

LRES promotes REO industry leader to VP of operations

LRES Corporation has announced the promotion of Molly Merchant to vice president of operations, REO asset management, and HOA services. Merchant started her career at LRES […]
August 25, 2020

Registration opens for ASTL Conference

Registration has opened for Association of Short Term Lenders (ASTL) Annual Conference, which will take place online as a virtual conference on Tuesday 22 September. The […]
August 25, 2020

Coventry for intermediaries adds web chat

Coventry for intermediaries has added a web chat feature, CFI Chat, to give brokers an additional channel to reach an advisor to answer policy or product […]
August 25, 2020

The Money Group to launch exit plan for retiring advisers

The Money Group (TMG) has confirmed that it is looking to provide exit plans for retiring advisers by acquiring their businesses as part of their ongoing […]
August 25, 2020

Moneyfacts: Now is the time to fix as rates rise and product availability stays low

Average mortgage rates have increased after dropping to record low levels in July of this year, and product availability continues to be a key issue, so […]
August 25, 2020

Shawbrook completes second charge in three weeks despite criteria challenges

Shawbrook Bank has completed a second charge mortgage for a couple looking to renovate their home, moving the case to offer within three weeks despite facing […]
August 24, 2020

Equifinance goes live on Phoebus Servicing Product

Following the signing of a five-year contract, Equifinance has successfully migrated its existing secured loan portfolio onto the Phoebus account servicing product. The loans were migrated […]
August 24, 2020

Are You Ready to Buy Your New Home? (Getting Ready to Buy a House Checklist)

Question: Ready to buy a house? – “Of course, I am!” – Did you just say that with absolute conviction? If you’re getting ready to buy […]
August 24, 2020

Citizens Advice: Renters need dedicated protections once eviction ban lifts

Citizens Advice has welcomed the extension to the ban on new eviction proceedings until 20 September, but warned that other measures must be put in place […]
August 24, 2020

LiveMore Capital joins ERS panel

Equity Release Supermarket (ERS) has added specialist retirement interest only (RIO) mortgage provider LiveMore Capital to its panel of lenders. Mark Gregory (pictured), founder and CEO […]
August 24, 2020

Simplify appoints Nicola Bloor-West as head of business development

Conveyancing and property services group Simplify has appointed Nicky Bloor-West as head of business development. Bloor-West brings over 18 years’ industry experience to the role, including […]
August 24, 2020

Intelliflo: 53% of advisers set to work remotely long-term

More than half (53%) of adviser firm employees are likely to work remotely – either wholly or in part – in the long term, according to […]
August 24, 2020

Average house price in Wales remains steady during Q2

House prices in Wales have remained steady in Q2 2020 (April – June) despite the coronavirus pandemic, with the average house price now £191,880. The figures […]
August 24, 2020

Fannie, Freddie CEOs hit back at criticism over refi fee

The CEOs of Fannie Mae and Freddie Mac are hitting back against almost universal condemnation of the GSEs’ decision to add a 50-basis-point fee to most […]
August 24, 2020

Opinion: Swing and a Miss – Where the CFPB went wrong with seasoned QM

Its been over six years since the CFPB updated Reg Z, Appendix Q, or the QM rule with any material changes. I applaud the CFPB for […]
August 24, 2020

Existing home sales post record spike in July

Existing-home sales jumped a record 24.7% month over month in July, marking two consecutive months of significant gains, according to the National Association of Realtors. Existing-home […]
August 24, 2020

Buyers outnumber sellers in July

Low housing inventory kept competition stiff in July and set up a strong sellers’ market in most parts of the country. Home value appreciation was rising […]
August 24, 2020