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Fannie Mae adding timing restriction for cash-out refis in April

National Mortgage
Mortgage Finance
2 years ago

Government-sponsored enterprise Fannie Mae has added a new timing restriction for cash-out refinances that will become mandatory on April 1,.. Read More;

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Essent buying title insurance companies for $100M

National Mortgage
Mortgage Finance
2 years ago

Essent Group agreed to purchase the title insurance subsidiaries of Finance of America's Incenter business for $100 million, the latest,.. Read More;

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HLPartnership and Mortgage Marketing Forum to run joint adviser training events Mortgage Finance Gazette

Mortgage Finance Gazette
Mortgage Finance
2 years ago

The broker network says the industry membership community will host educational events and training programmes together with the business.  It adds,.. Read More;

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Santander UK mortgage loans jump 31% to

Mortgage Finance Gazette
Mortgage Finance
2 years ago

The UK arm of the Spanish bank says net mortgage lending rose 31% to £9.8bn last year, classing 85% of,.. Read More;

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Rising living costs push a quarter of movers to downsize in 2022: Reallymoving Mortgage Finance Gazette

Mortgage Finance Gazette
Mortgage Finance
2 years ago

Downsizers made up 17% of all movers last January, rising steadily throughout the year to account for 24% of all,.. Read More;

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Base rate hiked to 4% Mortgage Finance Gazette

Mortgage Finance Gazette
Mortgage Finance
2 years ago

The Monetary Policy Committee voted by a majority of 7-7 to make this increase. The members in the minority voted to,.. Read More;

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Quarter of households stall on green home upgrades as living costs bite: NatWest Mortgage Finance Gazette

Mortgage Finance Gazette
Mortgage Finance
2 years ago

They report that 26% of homeowners said the rise in the cost of living had made them less likely to,.. Read More;

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Virgin Money raises SVRs by 50bps in advance of BoE base rate decision Mortgage Finance Gazette

Mortgage Finance Gazette
Mortgage Finance
2 years ago

The lender, which also owns Clydesdale and Yorkshire Bank, says at Virgin Money the residential standard variable rate rises to 7.74% from,.. Read More;

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MPowered Mortgage moves to lift LTI to 5.5 times income Mortgage Finance Gazette

Mortgage Finance Gazette
Mortgage Finance
2 years ago

The fintech lender says single employed applicants earning £75,000 a year or more – or joint employed applicants with a,.. Read More;

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TwentyCi partners with Pitsford Consulting over conveyancing database software Mortgage Finance Gazette

Mortgage Finance Gazette
Mortgage Finance
2 years ago

The firms say TwentyConvey, which tracks over 99% of all residential property listings, alerts conveyancing companies when former purchase clients,.. Read More;

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Powell to Congress: Fed can't protect economy from U.S. debt default

National Mortgage
Mortgage Finance
2 years ago

WASHINGTON — Federal Reserve Chair Jerome Powell delivered a clear message to Congress on Wednesday afternoon: raise the debt ceiling,.. Read More;

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Senate Democrats ask FHFA to review nonperforming loan programs

National Mortgage
Mortgage Finance
2 years ago

WASHINGTON — A group of Senate Banking Democratic lawmakers  asked the Federal Housing Finance Agency to review Fannie Mae and,.. Read More;

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