How solar panels can dim mortgage prospects – RBS has offered them an alternative mortgage on the basis that it had approved the solar installation, but their broker is struggling to find a cheaper deal with another lender. "We signed up to this.
Mortgage Volumes Among Best of Year – The result was the largest week-over-week gains for overall loan volume since mid-January. The mortgage bankers association’s (MBA’s) Market Composite Index a measure of application volume, jumped 4.8.
Mortgage Brokers Association Spent $425K Lobbying in Q4 – WASHINGTON (AP) – The National Association of Mortgage Brokers spent $425,000 in the fourth quarter to lobby the federal government on housing and other issues, according to a disclosure report. The.
Broker payments an incentive to sell risky mortgages, CBA admits – The Commonwealth Bank did not want to be the first mover’ to reduce its commission payments to brokers. Photograph: David Gray/Reuters The Commonwealth Bank has admitted the commissions it pays to.
Ontario watchdog failed to check on risky mortgage brokers because of budget woes – The financial services regulator in Canada’s biggest province failed to make planned checks on mortgage brokers it had identified as risky. and 11 desk reviews in its fiscal year to Mar. 31, 2018..
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Coalition backs down on ending trail commissions for mortgage brokers – The federal government has backflipped on a key recommendation of the banking royal commission and will no longer ban trail commissions for mortgage brokers from 2020, as it promised to do last month..
THE GOVERNMENT FINALLY THROWS SOMEONE IN JAIL FOR MORTGAGE CRIMES! A Borrower Who May Be Innocent – On one of these loans, he wrote his actual income (no fraud there). The other loan, which was prepared by Engle’s mortgage broker, included a wildly inflated income number. Engle says he never saw.
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Powerful lobbyists protect mortgage brokers against the interests of the community – Trailing commissions encourage brokers to sign you up to bigger loans (because they earn more that way) and encourage them to keep you on the deal that’s best for them, not for you.’ Photograph:.
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Are you a mortgage misfit? – Eight out of 10 mortgage brokers say they have had to reject customers in the past six months, according to figures from the Intermediary Mortgage Lending Association. Brokers cite interest rate.
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Tesco and Which? to stop offering mortgages – It currently has a little over 23,000 customers. The next day it emerged that consumer body Which? is planning to close its mortgage broker arm. Challengers withdrawing from the market is arguably a.