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End of pandemic aid affects renters more than mortgage borrowers

National Mortgage
Mortgage Finance
4 years ago

Renters were far more likely than homeowners to miss their scheduled housing payment in September and October as pandemic-related stimulus,,.. Read More;

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9 ways mortgage industry will benefit from standards in 2022

National Mortgage
Mortgage Finance
4 years ago

As the real estate finance industry transitions from the highs and lows of the COVID-era into the new normal of,.. Read More;

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Consumer Duty report on meeting client needs published by FCA

Mortgage Finance Gazette
Mortgage Finance
4 years ago

It has published (7 December) a consultation and draft guidance to help firms prepare before the introduction of the new duty. The,.. Read More;

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House prices rise for fifth month in a row, reports Halifax

Mortgage Finance Gazette
Mortgage Finance
4 years ago

This means a monthly change of 1% and an annual growth rate of 8.2%. Halifax also notes that the quarterly change,.. Read More;

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Paragon Bank sees profits rise by 62%

Mortgage Finance Gazette
Mortgage Finance
4 years ago

This compares to underlying profit of £120m in 2020. It adds that mortgage lending advances increased by 29.4% to £1.63bn, with,.. Read More;

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Home equity lending alternative Hometap raises $60 million in capital

National Mortgage
Mortgage Finance
4 years ago

Hometap, the Boston-based fintech providing alternatives to home-equity loans, announced that it had secured an additional $60 million in funding,.. Read More;

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Cash-out refinancing hits 14-year high as home equity sets new record

National Mortgage
Mortgage Finance
4 years ago

Tappable equity set a new record in the third quarter and the rate at which people refinanced to withdraw funds,.. Read More;

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OCC warns of high corporate debt levels, commercial real estate risks

National Mortgage
Mortgage Finance
4 years ago

Elevated corporate debt, cybersecurity threats and the risk from chasing yield in a low-interest rate environment could undermine banks' efforts,.. Read More;

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Biden eyes tighter rules for shell-company real estate purchases

National Mortgage
Mortgage Finance
4 years ago

Residential housing in San Francisco, California, U.S., on Monday, Sep. 20, 2021. California governor Gavin Newsom signed two bills that,.. Read More;

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Mortgage lender Even to launch before year end

Mortgage Finance Gazette
Mortgage Finance
4 years ago

The new lender, Even, will offer FTBs a second-charge equity loan to help them purchase a pre-owned property, as opposed,.. Read More;

post

Contruction PMI at 55.5 in November

Mortgage Finance Gazette
Mortgage Finance
4 years ago

The IHS Markit/CIPS UK Construction PMI for November was 55.5 compared to 54.6 in October, in what the report called,.. Read More;

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Proportunity teams up with Kensington

Mortgage Finance Gazette
Mortgage Finance
4 years ago

Proportunity, founded in 2016, provides second-charge top-up loans to help buyers leverage larger lending deals, with deposits as low as,.. Read More;

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