Most Recent Mortgage News

FHA streamlines distressed mortgage borrower rules

FHA streamlines distressed mortgage borrower rules

The Federal Housing Administration has revised updates planned for rules around contacting and offering options to distressed borrowers. The FHA...

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Foundation launches BTL specials, Santander adds BTL remortgage range – Mortgage Strategy

Foundation launches BTL specials, Santander adds BTL remortgage range – Mortgage Strategy

Foundation Home Loans has launched buy-to-let (BTL) special products for short term lets. The new products include a F1 Special...

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Cheaper HELOC Rates, Cash Needs Might Finally Lead to a Home Equity Lending Boom

Cheaper HELOC Rates, Cash Needs Might Finally Lead to a Home Equity Lending Boom

A new report found that the typical monthly payment to borrow $50,000 via a home equity line of credit (HELOC)...

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Federal Reserve rejects Trump’s political pressure in rare public statement

Federal Reserve rejects Trump’s political pressure in rare public statement

Powell reaffirmed that the Fed “will set monetary policy, as required by law, to support maximum employment and stable prices...

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Citi invests in business purpose lender Vontive

Citi invests in business purpose lender Vontive

Vontive, which is a fintech specializing in business purpose mortgages, has received an investment from Citi, which also acted as...

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Virgin and Clydesdale latest lenders to ease stress tests   – Mortgage Strategy

Virgin and Clydesdale latest lenders to ease stress tests   – Mortgage Strategy

Clydesdale Bank and Virgin Money have become the latest lenders to ease their home loan stress rates, allowing customers to...

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High Mortgage Rates Are Delaying Home Purchases

High Mortgage Rates Are Delaying Home Purchases

This morning, the National Association of Realtors (NAR) reported that pending home sales dropped 6.3% in April from a month...

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Faced with mounting affordability challenges, millennials are fleeing large cities

Faced with mounting affordability challenges, millennials are fleeing large cities

“Often the challenges center on affordability,” he said. “The millennial buyer has more ongoing monthly expenses than previous generations. Thirty...

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Feds drop redlining consent order for Trustmark National Bank

Feds drop redlining consent order for Trustmark National Bank

Trustmark National Bank is enjoying an early exit from a consent order stemming from a Biden-era redlining investigation.  The Jackson,...

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FCA encourages lenders to ‘rebalance’ mortgage risk   – Mortgage Strategy

FCA encourages lenders to ‘rebalance’ mortgage risk   – Mortgage Strategy

The Financial Conduct Authority challenged lenders to “rebalance” how they view risk by looking at savings when weighing up mortgages...

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