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Bank of England announces withdrawal of mortgage affordability test

Mortgage Finance Gazette
Mortgage Finance
4 years ago

The Financial Policy Committee, part of the BoE, introduced the test in 2014 which specifies a stress interest rate for,.. Read More;

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House prices to slow to 5% annual growth, says Rightmove

Mortgage Finance Gazette
Mortgage Finance
4 years ago

In a new data release covering June, it shows annual house price growth of 9.7%, bringing the average property price,.. Read More;

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Straight Talk From Our Central Bankers | Dave The Mortgage Broker

Dave The Mortgage Broker
Mortgage Finance
4 years ago

Let’s try something different this week. Instead of reporting on rate hikes and soaring bond yields, let’s imagine that Bank of,.. Read More;

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Swansea Building Societys Williams named longest-serving chief exec

Mortgage Finance Gazette
Mortgage Finance
4 years ago

Williams took on the chief executive role with Swansea Building Society in May 2001, following roles as director of banking,.. Read More;

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CFPB to revisit QM rule, New Residential renames itself, Wells Fargo disputes suits and more of the week's top news

National Mortgage
Mortgage Finance
4 years ago

Also, Notarize announces layoff, Lower reveals a cyberattack and M&A activity heats up.,.. Read More;

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New Residential rebrands itself to Rithm Capital

National Mortgage
Mortgage Finance
4 years ago

New Residential Investment Corp., the mortgage real estate investment trust and parent company to nonbank lender Newrez, is changing its,.. Read More;

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Ginnie Mae again extends issuer COVID relief compliance

National Mortgage
Mortgage Finance
4 years ago

Ginnie Mae again extended pandemic relief measures put in place to ease the burden on issuers when it comes to,.. Read More;

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Beleaguered homebuilder stocks hit by wave of analyst downgrades

National Mortgage
Mortgage Finance
4 years ago

Analysts from Wells Fargo & Co. to Bank of America Corp. are cutting their ratings and share-price targets on homebuilders,.. Read More;

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CFPB plans to review Qualified Mortgage, Card Act rules

National Mortgage
Mortgage Finance
4 years ago

Rohit Chopra, the director of the Consumer Financial Protection Bureau, said the bureau plans to conduct a review of the,.. Read More;

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How mortgage servicing deals could change following Fed rate hike

National Mortgage
Mortgage Finance
4 years ago

After a couple of new government-sponsored enterprise-backed mortgage servicing rights deals went up for bid following the federal officials’ latest,.. Read More;

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Home sellers are cutting prices in record numbers: Redfin

National Mortgage
Mortgage Finance
4 years ago

The share of listed homes that had a cut in asking price reached an all-time high during the four weeks,.. Read More;

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Biden signals U.S. can avert recession but Americans are really down

National Mortgage
Mortgage Finance
4 years ago

President Joe Biden said a U.S. recession isn’t inevitable and acknowledged that aides warned him about the inflationary risk of,.. Read More;

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