Unlike the U.S., mortgage borrowers in the U.K. are required to renew mortgages on a cyclical basis.
The post UK Homeowners Facing Mortgage Rates Over 5% appeared first on Weekly Real Estate News.
UK Homeowners Facing Mortgage Rates Over 5%
Housing Wire
About 60% of mortgage pros are living paycheck to paycheck, study shows
About 60% of mortgage industry professionals in the U.S. are living paycheck to paycheck, an issue caused primarily by inflation, high interest rates and fewer deals, according to a study released this week by payroll […]
Housing Wire
Mortgage infrastructure platform Pylon raises $8.5M in seed round
Startup Pylon raised $8.5 million in its seed round to build a mortgage-as-a-service platform for fintechs, banks and retail banks. Conversion Capital led the funding with participation from Fifth Wall, Peter Thiel, QED Investors, Montage […]
Housing Wire
Inside the collapse of a top reverse mortgage lender
After returning from the Thanksgiving holiday, the roughly 575 staffers at Reverse Mortgage Funding assembled nervously on two separate Microsoft Teams meetings. On the first virtual meeting, 472 employees received the bad news that many […]