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Powell: Nonbanks need structural reforms, not Fed backstop

National Mortgage
Mortgage Finance
3 years ago

Federal Reserve Chair Jerome Powell discussed the importance of central bank independence and the responsibilities that come with it on,.. Read More;

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Silvergate Bank loaded up on $4.3 billion in Home Loan bank advances

National Mortgage
Mortgage Finance
3 years ago

When depositors began pulling money out of Silvergate Capital Corp. following the collapse of the cryptocurrency exchange FTX, the California,.. Read More;

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Lender says rival stole trade secrets, data breach followed

National Mortgage
Mortgage Finance
3 years ago

A New England lender is suing a regional competitor for violating trade secrets laws in a poaching incident that appears,.. Read More;

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Rocket Mortgage cuts some marketing roles. Are more layoffs coming?

National Mortgage
Mortgage Finance
3 years ago

Rocket Mortgage "reorganized" its marketing team last week, cutting 20 employees.A Rocket spokesperson confirmed the layoffs, but did not elaborate,.. Read More;

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Amount of households receiving SMI loans falls

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The amount of homeowners, and those in shared ownership schemes, claiming this benefit came down from 14,184 in the quarter,.. Read More;

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Paragon Banks development finance division hires Len Boyd

Mortgage Finance Gazette
Mortgage Finance
3 years ago

Boyd has over 25 years of experience in property development finance. He joins from Close Brothers Property Finance, where he spent,.. Read More;

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Clydesdale Bank introduces new resi and BTL products, reduces rates by up to 43bps

Mortgage Finance Gazette
Mortgage Finance
3 years ago

Highlights of the changes for new customers include:   New exclusive £1 to £2m 65% loan to value fixed-rate deals, with,.. Read More;

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Hargreaves Lansdown forecast house prices to drop 10.4% from peak

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The barometer suggests that cost of living pressures over the next year are set to be exacerbated by the recent,.. Read More;

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Connect for Intermediaries appoints three new senior hires

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The broker network has hired Alan Baldwin as director of compliance, responsible for the oversight of the compliance teams and,.. Read More;

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Hampshire Trust hires Lorenzo Satchell as head of bridging sales

Mortgage Finance Gazette
Mortgage Finance
3 years ago

Satchell arrives at HTB from Together, where he worked in various roles for a total of 12 years, most recently,.. Read More;

post

Home price growth slows to 7.8% in December: e.surv

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The survey points out that December’s rise is 1.4% below the revised rate of 9.2% in November, which in turn,.. Read More;

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Servicing prices are likely to be flatter in 2023

National Mortgage
Mortgage Finance
3 years ago

Prices for mortgage servicing rights may have picked up compared to where they were during the typical December slowdown, but,.. Read More;

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