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Own New and Darlington BS to launch 95% LTV mortgage product

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The product, open to first-time buyers (FTBs) and home movers buying new homes, will initially be available in the North,.. Read More;

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Govt extends Mortgage Guarantee Scheme by one year

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The scheme has underwritten £4.4bn in low-deposit home loans since it was launched on 21 April 2021. The government launched the,.. Read More;

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Virgin Money relaxes shared ownership and affordability criteria

Mortgage Finance Gazette
Mortgage Finance
3 years ago

It has increased its maximum loan-to-income limit to 5.5 times for capital and interest applications up to 80% loan to,.. Read More;

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Regulators fine TSB nearly

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The fines break down to £29.75m from the FCA and £18.90m from the PRA after the bank qualified for a,.. Read More;

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Lenders free up cladding rules on flats 5 storeys and higher

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The move means that from 9 January lenders have agreed to grant mortgages when borrowers look to buy, sell, or,.. Read More;

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CFPB's QM rule under scrutiny after dust-up over bank statement loans

National Mortgage
Mortgage Finance
3 years ago

Bank statement loans are coming under renewed scrutiny due to the Consumer Financial Protection Bureau's guidelines that require mortgage lenders,.. Read More;

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Carrington nearly doubles its servicing portfolio, now at $122.1B

National Mortgage
Mortgage Finance
3 years ago

Carrington Mortgage Services has reported that it bought $62.3 billion in servicing from home loans held by more than 236,000,.. Read More;

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U.S. homebuilder sentiment extends record decline to 12 months

National Mortgage
Mortgage Finance
3 years ago

U.S. homebuilder sentiment fell every month in 2022, sinking in December to a level not seen in over a decade,.. Read More;

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Fannie Mae cuts 2023 outlook on recession expectations

National Mortgage
Mortgage Finance
3 years ago

The likelihood of a recession drove a reduction in Fannie Mae's mortgage origination forecast for 2023, albeit only by $16,.. Read More;

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Opinion: Attorney opinion letters are key to providing consumer choice

National Mortgage
Mortgage Finance
3 years ago

As might be expected of a lobbyist representing the title insurance industry, and the trade association fully funded and controlled,.. Read More;

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Santander boosts product transfer tracker and new business pay rates by 50bps

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The high street lender says its rates and fees on fixed-rate products will not change.   It adds no action is,.. Read More;

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Property transactions hit five-year high adding to conveyancing delays: Search Acumen

Mortgage Finance Gazette
Mortgage Finance
3 years ago

Completed property transactions were up 8% in the period compared to the previous quarter — excluding the first quarter of,.. Read More;

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