Review Mortgage Lenders

Universal Mortgage

Universal Mortgage Solutions - (403)342-2471

Universal Mortgage Solutions www.canpages.ca Suite 6 5579 47 St , Red Deer, AB, T4N1S1 (403) 342-2471

Universal Credit causing more rent arrears

Over half (53%) of landlords with tenants on Universal Credit applied for direct payment to be made to them instead of to the tenant, known as an Alternative Payment Arrangement (APA).

Where successful it took, on average, over two months for this to be organised, on top of the two months arrears already accrued. This has caused arrears to build up substantially.

Those landlords that have to wait for two months arrears before they can apply for direct payment are reporting that on average the APA process takes 9.3 weeks.

This when added to the initial two months arrears accrued means that landlords are on average owed four months’ rent before they are successfully awarded direct payment.

The RLA is calling for the APA process to be improved as a matter of urgency, particularly before managed migration begins next year and more families and complex cases are moved onto Universal Credit.

One fifth of landlords also reported that their mortgage lender prevented them from renting homes to tenants in receipt of benefits.

Will Acquisitions Aid Universal Forest's (UFPI) Q3 Earnings?

Free Report ) is set to report third-quarter 2018 results on Oct 16, after the closing bell. The company has been delivering improved earnings and revenues, courtesy of healthy performances across the board. Notably, it came up with record sales and earnings in the second quarter for the 12th time in a row.

Shares of Universal Forest have outperformed its industry over a year. Its shares have declined 1% compared with the industry’s fall of 16.1% in the said period. Meanwhile, earnings estimates for the to-be-reported quarter as well as current year have remained stable over the past 60 days.



Let’s See How Things are Shaping Up for This Announcement

Acquisitions have been Universal Forest's preferred mode of solidifying its product portfolio and leveraging new business

How much does the Universal American Mortgage Company loan officer make?


As much as they want & can.