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ReutersUS mortgage industry faces job losses as refinancing dries upReutersThat decline has come as interest rates on most 30-year mortgages has climbed to 5.1 percent, the highest since February 2011. Homeowners who have borrowed since then lack the opportunity to save money by refinancing. “We're going to see people ...and more »
Money MarketingOpperman backs initiative to reduce DC transfer timesMoney MarketingThe framework commits administrators of occupational pension schemes work rapidly towards a 21-day end-to-end transfer time, and a 14-day timetable for personal pensions. The industry group endorsed a ... Opperman said: “Pension transfers empower ...and more »
Mortgage SolutionsTML, Cambridge BS and Pepper Money shake up product ranges – roundupMortgage SolutionsPepper Money has reduced the price on seven of its two-year fixed rate residential mortgages. Rates have been cut on Pepper 18, Pepper 12 and Pepper 6 for clients who have not had a CCJ or default in the last six months. On Pepper 18, two-year fixed ...and more »
Your MoneyE.ON and BNP Paribas to develop 'green mortgages'Your MoneyMichael Lewis, chief executive of E.ON UK, said: “Green mortgages have the potential to be a game changer in the delivery of affordable finance and we are ready to meet the challenge for homeowners motivated to take the step into energy efficient living.and more »
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