First National reports rise in originations in 2018

Full-year financial results for First National Financial Corporation show a 9% increase in new mortgage originations in 2018. The lender saw originations rise to $18.5 billion from $16.9 billion in 2017. This was achieved through 10% growth in new single-family originations (to $12.2bn) and 8% growth in commercial originations […] Click here to view original […]

Bank of Montreal’s Business Lending Surges to 54% of Loan Book

Bank of Montreal’s Business Lending Surges to 54% of Loan Book More (Bloomberg) — For Bank of Montreal, business lending is where the action is, rather than mortgages, credit cards or consumer loans. Growth in loans to business and government outstripped consumer lending in the second half of the […] Click here to view original […]

How Spiking Income Inequality Will Cause The Next Recession

Regionnal Demonstration In Rennes For The 15th Act Of The Yellow Vest Movement on February 23th of 2019. Between 4000 and 5000 yellow vest from all the west of France, marched in the downtown of Rennes , for the 15th consecutive Saturday. (Photo by Vernault Quentin/NurPhoto via Getty Images) […] Click here to view original […]

Mello promoted to loan office at BayCoast Mortgage Company

Hide caption SWANSEA/DARTMOUTH – BayCoast Mortgage Company LLC has announced that Milena M. Mello of Dartmouth has been promoted to loan officer. In this role, Mello assists borrowers and recommends real estate loans for approval, including mortgages and home equity loans. Mello joined BayCoast Bank in 2013 as assistant […] Click here to view original […]

UKAR responds to mortgage prisoners over future sales

UK Asset Resolution (UKAR) has responded to UK Mortgage Prisoners campaign group’s claims that they will be left worse off by a sale of their mortgages under the same terms as previously. As reported yesterday, the 800-strong campaign group fears Treasury plans to sell the next mortgage book to […] Click here to view original […]

How to Get a Bad Credit Buy to Let Mortgage

If you’re considering becoming a landlord, or expanding your current property portfolio, but have bad credit history, you might think it isn’t possible as you may struggle to get a buy to let mortgage. The good news is that a lot of the time this simply isn’t the case, […] Click here to view original […]

M&S Bank uses open banking for mortgage applications

M&S Bank has become one of the first mortgage providers to enable open banking assisted mortgage applications. This means that most customers will no longer need to source and supply copies of bank statements to support their mortgage application. Using the open banking assisted journey, this documentation will be […] Click here to view original […]

UK Mortgages (UKML) Reaches New 12-Month Low at $81.00

UK Mortgages logo UK Mortgages Ltd (LON:UKML) shares hit a new 52-week low on Tuesday . The stock traded as low as GBX 81 ($1.06) and last traded at GBX 81.25 ($1.06), with a volume of 78068 shares. The stock had previously closed at GBX 81.75 ($1.07). The business […] Click here to view original […]