Pepper Money is considering raising money through its first US dollar-denominated mortgage-backed securities deal. The specialist lender said it wants to diversify its funding sources and attract more investors. The company is exploring a new securitisation of residential and buy-to-let mortgages under its Polaris brand.… The post Pepper Money eyes first US dollar mortgage-backed securities appeared first on Mortgage Strategy.
CHL Mortgages and Moda Mortgages are set to withdraw their current mortgage product ranges on 16 September. Both lenders say that replacement products will come with higher rates. CHL Mortgages will withdraw its current buy-to-let range, including product transfers, at 5pm on 16 September. The… The post CHL Mortgages and Moda Mortgages to withdraw products ahead of rate increases appeared first on Mortgage Strategy.
Recognise Bank has appointed Ronelle Arbib as its new chief revenue & operations officer (CROO). In the newly-created role, Arbib will bring together Recognise Bank’s lending and savings, operations, product and marketing functions. The new structure is meant to let Recognise Bank identify and respond… The post Recognise Bank appoints Arbib as CROO appeared first on Mortgage Strategy.
Barclays is making sweeping increases of 20 basis points across its residential purchase range tomorrow. The lender is raising rates by the same amount on 39 purchase-only deals. Among the changes, Barclays market-leading two-year fixed at 60% LTV with an £899 fee will jump from… The post Barclays joins wave of repricing with 20bps rate hikes appeared first on Mortgage Strategy.
Richard Walker has joined Nationwide as head of intermediary sales and new build. Walker will lead the intermediary sales teams across Nationwide, helping shape its engagement with intermediaries and working closely with brokers. He will also be responsible for new-build sales activity across Nationwide. Walker… The post Richard Walker joins Nationwide as head of intermediary sales appeared first on Mortgage Strategy.
