Business mortgage

Magellan Homeloans closes to new business

Specialist lender Magellan Homeloans closed to new business today, citing competitive pressures in the market due to falling interest rates and rising credit risk. The lender said it would honor all unexpired mortgage offers, but would not extend or materially change any offers issued. However, it will immediately stop accepting new applications and […]

Business mortgage

Magellan Homeloans closes its doors

[ad_1] Specialty lender Magellan Homeloans closed its doors to new business today, citing competitive market pressures related to falling interest rates and increasing credit risk. The lender has said it will honor all unexpired mortgage offers, but will not extend or materially alter any offers issued. However, it will immediately stop accepting new candidacies and […]