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Landlord repossessions hit all-time high in Q3: Ministry of Justice

Mortgage Finance Gazette
Mortgage Finance
3 years ago

Its data monitors claims, orders, warrants and repossessions by country court bailiffs, which are all steps in the process that,.. Read More;

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Second charge lending rises September, FLA says

Mortgage Finance Gazette
Mortgage Finance
3 years ago

In total, £145m of lending was carried out across 3,138 new agreements – itself a 29% rise compared to the,.. Read More;

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Homeowner arrears numbers stable but possessions rise

Mortgage Finance Gazette
Mortgage Finance
3 years ago

In total, there were 74,440 homeowner mortgages in arrears of 2.5% or more at last count. And of these, 28,910 were,.. Read More;

post

UTB Mortgages for Intermediaries extends online Dips to BTL range

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The bank’s broker-only arm says until recently, the majority of its BTL applications were referred for a manual underwriting review,,.. Read More;

post

Accord Mortgages reduces rates by up to 58bps on 2-year BTL loans

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The intermediary-only lender says highlights of the new range include:  A two-year fixed-rate deal of 5.64% (down by 58bps) up to,.. Read More;

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New buyer interest falls for sixth month in a row: Rics

Mortgage Finance Gazette
Mortgage Finance
3 years ago

New buyer enquiries fell for the sixth month in a row, as the latest net balance figure weakened further to,.. Read More;

post

Two Harbors reported mixed results in 3Q, sold $20B in servicing

National Mortgage
Mortgage Finance
3 years ago

Two Harbors Investment Corp. was profitable in the third quarter using standard accounting principles but under another metric reflecting gains,.. Read More;

post

Layoffs hit Freedom Mortgage

National Mortgage
Mortgage Finance
3 years ago

Freedom Mortgage started letting people go last Thursday and the layoffs have carried over into this week, impacting close to,.. Read More;

post

LoanDepot hypes HELOC, cost-cutting amid 9-figure loss

National Mortgage
Mortgage Finance
3 years ago

LoanDepot reported a nine-figure loss in the third quarter, but executives professed faith in the company's massive cost-cutting exercise and,.. Read More;

post

Troubled Finance of America reports escalating losses

National Mortgage
Mortgage Finance
3 years ago

In its third quarter earnings call, Finance of America leadership took pains to paint a bright future for the troubled,.. Read More;

post

Purchase applications increase for the first time in over a month

National Mortgage
Mortgage Finance
3 years ago

Mortgage volumes came in flat for a second week, decreasing by a hair, even as purchase activity experienced a rebound,,.. Read More;

post

Accord broadens underserved borrowing scorecard to include remortgages

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The intermediary-only lender will now offer the range to brokers for remortgage clients, as well as home loan purchases.  The Cascade,.. Read More;

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