GMAC-RFC will cut its workforce by 280. The job losses are aimed at reducing its cost base, which the lender says is essential if it is to remain competitive. Last October GMAC-RFC cut 200 jobs and made a further 66 staff redundant by closing its direct-to-consumer arm High Street Home Loans.
Swaps had a mixed week but rates went in one direction and that was up.
Since the launch of its online mortgage decision and case processing system, Gravity, TFC has received nearly 3000 mortgage applications. TFC Homeloans, part of the Orbiter Group of companies, was the first mortgage packager to fully adopt the Gravity system at the start of September 2007. Developed by software company Oppono, Gravity is now used […]
Em-commercial has appointed commercial lending and administration specialists to underpin its commitment to the commercial lending arena.
Future Mortgages has decided to stay in the secured loans market and is accepting cases again. Ian Warrilow, head of secured lending at Future, says: “We are back to where we were and accepting applications.”
LendInvest has been a specialist bridging lender since 2008 at the heart of a sector that has become increasingly competitive and professional over the years. Despite a surge in media coverage, a few stubborn myths about bridging finance linger. Here are the most common misconceptions. Once unpicked they reveal bridging finance to be a useful […]
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