Upward possibilities in a down mortgage market

Arrowbase is the holder of the combined company’s new AppraisalWorks platform, a cloud-based technology platform designed to let banks, credit unions, loan servicers, mortgage lenders and others maintain and analyze real estate appraisals and collateral valuations. According to Doman, the home equity market gives the company access to customers interested in spending serious money on … Read more

Knowledge Bank launches real-time market updates

Knowledge Bank has launched on-screen live banners to show brokers product changes in real-time as well as daily criteria updates amid the turmoil in the mortgage market. The criteria search platform will send out daily emails every evening with a summary of changes on both criteria and products and live on-screen banners will also allow … Read more

Virgin Money returns to market with new resi and BTL products

Virgin Money has launched a range of residential, buy-to-let and other products for new customers today (Friday 30 September). The move comes after the lender temporarily withdrew several mortgage ranges for new customers on Monday due to volatile sterling funding markets, following Chancellor Kwasi Kwarteng’s tax-cutting mini-Budget last week. A host of other large and … Read more

MAXEX bolsters non-QM product line amid market volatility

MAXEX bolsters non-QM product line amid market volatility | Mortgage Professional Specialty Non-Prime Company sees openings in the turbulent market MAXEX, a digital trading exchange backed by J.P. Morgan, has expanded its roster of non-qualified mortgage lending programs despite ongoing market turmoil. “Non-QM lending programs for creditworthy homeowners that fall outside of current qualified mortgage … Read more

India a ‘star’ among emerging market economies with 7.3 pc growth in FY23: S&P

S&P Global Ratings on Thursday said rising rates and increased European energy insecurity are hitting growth in almost every country, but India with an estimated 7.3 per cent growth this fiscal, would be the ‘star’ among emerging market economies. In a report, S&P said global macro performance over the next few quarters … Read more

BlackRock threatened to halt trading at height of UK market tumult

BlackRock has been accused of failing to protect pension fund clients by threatening to halt trading in certain funds at the height of this week’s UK bond market tumult. In a memo sent on Wednesday morning, BlackRock told clients using its liability-driven investing strategies that it would freeze “funds more at risk of assets being … Read more

Ask your questions about UK mortgage rates and the housing market

Banks and building societies are withdrawing hundreds of mortgage deals in anticipation of further interest rate rises — but where does this leave borrowers and those wanting to get on to the housing ladder? The Bank of England raised interest rates aggressively last week to try to address the market turmoil in the wake of … Read more

Kate Fuller shares her broker tips on handling today’s mortgage market

The mortgage market has proven to be exceedingly stressful as of late, but this last week has surpassed the norm. With products being withdrawn with little to no notice and lenders pausing new applications, events have had me flashing back to those early days of March 2020. Having been in the industry since 2005, I … Read more

Keystone launches new product package amid market volatility

Keystone Property Finance has launched a package of measures to assist borrowers and help them complete their loans amid a surge in swap rates and wider market volatility. As part of the package, the lender says it will guarantee that any application currently at the post-offer stage will be protected and will proceed on the … Read more

Nifty today: SGX Nifty up 180 points; here’s what changed for market while you were sleeping

After a sharp beat-down, Indian benchmark indices are set to open in the green, tracking cues from global peers. Asian stocks posted a strong start following hefty gains in US stocks during the overnight trade on the dip in bond yields. However, a firm US dollar is likely to dent sentiments. Back home, the expiry … Read more