Tagged: mortgages

September 28, 2023 @ 4:24 pm By JD Alois  |  

It seems like only yesterday when buying a home meant locking into 30-year mortgage rates of just 2.25%. Well, those days are long gone as rates today are topping 7% as wicked high inflation has compelled central bankers to hike benchmark rates to get rising… Read More

September 28, 2023 @ 11:32 am By Omar Faridi  |  

The number of first-time buyers in Scotland reportedly “fell by 14% between January and August 2023, compared to the same period in 2022,” according to the latest Bank of Scotland First-Time Buyer Review. This fall is not as sharp as the picture “for the UK… Read More

September 28, 2023 @ 11:21 am By Omar Faridi  |  

Perenna is pleased to announce they’ve raised over £42m in our latest fundraise, which was reportedly “led by Silverstripe Investment Management, alongside participation from existing investors.” This successful fundraise is a major milestone for Perenna’s rapidly growing company, and “testament” to the great team they… Read More

September 27, 2023 @ 1:07 am By Omar Faridi  |  

Ocrolus, a firm focused on AI-driven financial document automation, announced the launch of an enhanced dashboard for mortgage lenders featuring the ability to automate income calculations for both traditional and self-employed borrowers. The solution combines three trusted Ocrolus capabilities – Classify, Capture and Analyze –… Read More

September 25, 2023 @ 10:41 am By Omar Faridi  |  

SIX Terravis, SIX’s digital platform for the mortgage market, is contributing to the planned expansion of the Swiss National Bank’s (SNB) liquidity provision framework for the banking sector. Recent experiences show that banks of all sizes and “with different business models can find themselves in… Read More

September 23, 2023 @ 6:04 pm By Tony Zerucha  |  

New data suggests an increase in fraudulent activities within the automotive, credit card, and mortgage sectors, according to the latest Equifax Canada Fraud Trends Report. The report also suggests the uptick in fraud is being driven by financial pressures faced by consumers and by bold… Read More

September 21, 2023 @ 8:31 am By Omar Faridi  |  

Digital bank Revolut, the provider of the global financial super app with 30 million clients  throughout the world, announced an expansion of its professional team as it prepares to develop various European mortgage products. With a goal to streamline mortgages and offer clients with frictionless… Read More

September 16, 2023 @ 5:04 pm By Tony Zerucha  |  

Data from TransUnion shows that rising interest rates have pooped the credit union account origination party. The newly released Q3 Credit Union Market Perspectives Report can be viewed here. Interestingly, borrowers continue to take advantage of existing credit lines as balances across most credit products… Read More

September 15, 2023 @ 2:11 pm By Tony Zerucha  |  

Lender Toolkit, a provider of automated mortgage technology solutions powered by artificial intelligence (AI), announced the promotion of Tammi Alexander to chief operating officer (COO) this week. Previously, Alexander served as senior director of mortgage technology for the company. Alexander has more than 25 years… Read More

September 10, 2023 @ 10:51 am By Omar Faridi  |  

The individual who acquired the New York Stock Exchange (NYSE) recently made a $11.9B commitment so that he may help people streamline their mortgages for a lot less than what consumers are paying right now, according to a report. Founder and Chief Executive Jeffrey Sprecher’s… Read More

September 7, 2023 @ 7:45 am By Omar Faridi  |  

The team at Perenna has issued a statement indicating their restrictions have been lifted by the Prudential Regulation Authority and Financial Conduct Authority. This means they can now offer fixed-rate mortgages in the UK. Unlike the US and other European countries, the UK market is… Read More

August 30, 2023 @ 8:50 am By Omar Faridi  |  

As part of a new collaboration, Assetz Capital will become a key introducer of commercial mortgage loan applications to Atom Bank. The expansion allows Atom bank broadened access “to new areas of the UK market through a key distribution partner with an origination team covering… Read More

August 23, 2023 @ 10:30 am By JD Alois  |  

LendInvest (LSE:LINV), a real estate financing platform, has launched a residential mortgage product. According to a statement from LendInvest, the product is now available to Legal and General Mortgage Club members. LendInvest states that Legal & General Mortgage Club is the largest and longest-running mortgage club… Read More

August 19, 2023 @ 6:52 pm By Omar Faridi  |  

Nottingham Building Society has announced further updates to its mortgage products, designed to support both residential and Buy-To-Let mortgage applicants. The new products, launched this week, “offer advantages for a broad spectrum of borrowers against a volatile economic backdrop.” Amongst the latest offerings is a… Read More

August 14, 2023 @ 4:06 pm By JD Alois  |  

Special Purpose Acquisition Company (SPAC) Aurora Acquisition Corp (NASDAQ:AURC) is moving forward to acquire Fintech Better. On Friday, Aurora announced that shareholders had voted to approve the merger, with the closing expected to take place on August 22, 2023. In April 2021, Aurora announced that… Read More

July 29, 2023 @ 1:25 pm By Omar Faridi  |  

LendInvest (AIM: LINV), which claims to be the UK’s leading platform for mortgages, has announced a new, comprehensive range of Residential Mortgage products in order “to better serve Key Workers and Qualified Professionals.” The expanded range boasts “a diverse selection of mortgage products tailored to… Read More

July 23, 2023 @ 5:40 pm By Omar Faridi  |  

Equifax (NYSE: EFX) recently announced financial results for the quarter ended June 30, 2023. Second quarter 2023 revenue of $1.318 billion “was flat and up 1% in constant currency against a mortgage market estimated to be down 37%.” Other key details shared by Equifax include:… Read More

July 19, 2023 @ 7:51 am By Omar Faridi  |  

LendInvest plc (AIM: LINV); which claims to be the UK’s leading platform for mortgages, is pleased to announce its audited results “for the year ended 31 March 2023.” Rod Lockhart, Chief Executive of LendInvest, commented: “I am pleased with the progress we have made over… Read More

July 15, 2023 @ 10:29 am By Omar Faridi  |  

LendInvest (AIM: LINV), which claims to be the UK’s leading platform for mortgages, has today launched a new, “market-leading” Buy-to-Let range as it looks to back landlords in this challenging market. LendInvest is supporting landlords “to get back into the market with rates starting from… Read More

July 3, 2023 @ 8:32 am By Omar Faridi  |  

LendInvest plc (AIM: LINV), which claims to be the UK’s leading platform for mortgages, has announced a £500 million investment “to fund part of its future mortgage originations for its Buy-to-Let and Residential Mortgage products from Chetwood Financial Limited.” This new funding will “further the… Read More