Blog: ESG is coming for the mortgage market
Blog: ESG is coming for the mortgage market
Like it or not, avoiding ESG (Environmental, Social and Governance) issues in the news cycle is proving increasingly impossible, writes Gordon Tveito-Duncan. Before long, you can rest assured, green and ESG factors will be coming to the world of debt, wrapped in a mortgage, HP, BNPL or a PCP, or the multitude of other ...
This story continues at Blog: ESG is coming for the mortgage market
Or just read more coverage at Mortgage Finance Gazette
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Like it or not, avoiding ESG (Environmental, Social and Governance) issues in the news cycle is proving increasingly impossible, writes Gordon Tveito-Duncan. Before long, you can rest assured, green and ESG factors will be coming to the world of debt, wrapped in a mortgage, HP, BNPL or a PCP, or the multitude of other ...
This story continues at Blog: ESG is coming for the mortgage market
Or just read more coverage at Mortgage Finance Gazette
Like it or not, avoiding ESG (Environmental, Social and Governance) issues in the news cycle is proving increasingly impossible, writes Gordon Tveito-Duncan. Before long, you can rest assured, green and ESG factors will be coming to the world of debt, wrapped in a mortgage, HP, BNPL or a PCP, or the multitude of other ...
This story continues at Blog: ESG is coming for the mortgage market
Or just read more coverage at Mortgage Finance Gazette
The positive close on a volatile Fed day offered false hope for rates--a fact that was laid bare with Thursday's massive sell-off. Now on Friday, more false hope as another massive overnight sell-off gave way to a full recovery by 9:20am. Since then, however, it's been all sellers. In other words, bond tanked again. But questions remain as to WHY. It's not that we don't understand the market is in the midst of repricing the Fed rate hike outlook based on this week's dot plot, but that alon...
The positive close on a volatile Fed day offered false hope for rates--a fact that was laid bare with Thursday's massive sell-off. Now on Friday, more false hope as another massive overnight sell-off gave way to a full recovery by 9:20am. Since then, however, it's been all sellers. In other words, bond tanked again. But questions remain as to WHY. It's not that we don't understand the market is in the midst of repricing the Fed rate hike outlook based on this week's dot plot, but that alon...
Although interest rates are very low compared to the heady days of the 80s and 90s, the fact remains that they will most probably at least quadruple this year. Mix this with inflation moving towards 10 per cent, those borrowers who stretched themselves to get on the property ladder, whether on fixed rates or not, ...
This story continues at Blog: Focus on arrears increases as economy struggles
Or just read more coverage at Mortgage Finance Gazette
Although interest rates are very low compared to the heady days of the 80s and 90s, the fact remains that they will most probably at least quadruple this year. Mix this with inflation moving towards 10 per cent, those borrowers who stretched themselves to get on the property ladder, whether on fixed rates or not, ...
This story continues at Blog: Focus on arrears increases as economy struggles
Or just read more coverage at Mortgage Finance Gazette
During the so-called ‘golden years’ in the early noughties, new lenders seemed to spring up almost every week, armed with US funding lines, seemingly endless marketing budgets and a voracious appetite to lend.
The growth of the specialist market during this period was spectacular. In 2002, specialist lenders accounted for around £22bn of lending and had a market share of around 10%, according to Bank of England data. Within five years they had trebled...
During the so-called ‘golden years’ in the early noughties, new lenders seemed to spring up almost every week, armed with US funding lines, seemingly endless marketing budgets and a voracious appetite to lend.
The growth of the specialist market during this period was spectacular. In 2002, specialist lenders accounted for around £22bn of lending and had a market share of around 10%, according to Bank of England data. Within five years they had trebled...
Blog by Clare Legrys, Principal Risk Manager/HSEQ Manager, Vercity Consulting Following recent changes to the Social Value Act and increasing focus from corporations, investors and consumers, company ESG (Environmental, Social, and Governance) and sustainability activities are now becoming vitally important to the health and growth of a business and more than just “good practice”. Companies who are strong on ESG are seen as more stable for investors, particularly as regulators now routinely...
Blog by Clare Legrys, Principal Risk Manager/HSEQ Manager, Vercity Consulting Following recent changes to the Social Value Act and increasing focus from corporations, investors and consumers, company ESG (Environmental, Social, and Governance) and sustainability activities are now becoming vitally important to the health and growth of a business and more than just “good practice”. Companies who are strong on ESG are seen as more stable for investors, particularly as regulators now routinely...
It has become widely recognised that open banking holds the key to unlocking a seamless mortgage journey. With access to a wider and richer array of data, lenders can develop more informed insights about their customers, therefore speeding up the underwriting process by automating affordability calculations in real-time, using detailed financial data. This significantly reduces the risk of human error and helps to avoid unnecessary rejections.
Open banking is ...
It has become widely recognised that open banking holds the key to unlocking a seamless mortgage journey. With access to a wider and richer array of data, lenders can develop more informed insights about their customers, therefore speeding up the underwriting process by automating affordability calculations in real-time, using detailed financial data. This significantly reduces the risk of human error and helps to avoid unnecessary rejections.
Open banking is ...
Rise in credit
Recent Bank of England statistics showed that credit card borrowing was up 10.6 per cent in the last year, the biggest rise in three years. Some of this will be because of the fact that unsecured credit is so readily available, but some will be because monthly disposable income is being squeezed.
An area in particular that has been reported on appears to be disproportionate borrowing rates on personal overdrafts, with many equivalent annua...
Rise in credit
Recent Bank of England statistics showed that credit card borrowing was up 10.6 per cent in the last year, the biggest rise in three years. Some of this will be because of the fact that unsecured credit is so readily available, but some will be because monthly disposable income is being squeezed.
An area in particular that has been reported on appears to be disproportionate borrowing rates on personal overdrafts, with many equivalent annua...
Publicly traded lending software firm MeridianLink has acquired OpenClose, a fintech company that specializes in residential mortgage software solutions for banks, credit unions and mortgage lenders.
Publicly traded lending software firm MeridianLink has acquired OpenClose, a fintech company that specializes in residential mortgage software solutions for banks, credit unions and mortgage lenders.
It was just over a decade ago that the housing market collapsed, but are we in for a repeat? CNBC's Diana Olick joins 'Squawk Box' with the details.
It was just over a decade ago that the housing market collapsed, but are we in for a repeat? CNBC's Diana Olick joins 'Squawk Box' with the details.