Hints and tips:
Related Special Reports
...Its price to book value of nearly 3 times trumps that for mortgage-heavy Wall Street banks like JPMorgan, Bank of America and Wells Fargo. But Rocket doesn’t have appreciably higher return on equity....
...The global financial crisis of 2008 was the result of unprecedented dysfunction and perversion of the mortgage securities market....
...Shot dead by security forces in 1993, Pablo Escobar was the founder of the Medellín cartel, a criminal organisation that trafficked cocaine across the globe....
...“We are extraordinarily concerned [about hacks] — it is a national emergency,” Matt Hartman, a top official at America’s Cybersecurity and Infrastructure Security Agency, told a Vanderbilt University conference...
...“There was a huge outflow from ESGU and into QUAL as a result of BlackRock changing their weighting,” said Bryan Armour, director of passive strategies research for North America at Morningstar....
...Our updated stock charts show non-banks and the largest banks (>250bn) hold 90% of C&I, 85% of mortgage, 75% of consumer and 60% of outstanding loans/debt (“the stock”)....
...However, funding has also come from private lenders and the commercial mortgage-backed securities sector, often bundled into collateralised loan obligations....
...But in the beleaguered subsector of mortgage-backed securities (MBS), seeing just a glimmer of sunshine is about as good as it has got this year....
...Homeowners who have locked in on low mortgage rates are reluctant to sell, limiting the supply of houses for sale....
...The JPMorgan banker-turned-exchange boss turning noodles into securities In modern capitalism, you can securitise all sorts of things — mortgages, the loans backing private equity buyouts, car loans, even...
...A total of $117bn in commercial mortgages tied to US offices will come due this year, according to the Mortgage Bankers Association....
...The US House of Representatives last week passed a bill that would in effect ban TikTok in America unless its Chinese owner sells the video-sharing app....
...Long-term mortgages: Rising mortgage rates have been a big contributor to the UK’s cost of living crisis. Can long-term mortgages, a norm in the US, help solve the country’s housing crunch?...
...The purchase of PacWest by Banc of California is another piece of tidying up in the wake of banking turmoil. Thankfully, the all-share deal involved neither state intervention nor lopsided economics....
...“[Yass] did what he had to do, but there is nothing one financier can do in the face of America’s overarching aim of containing China.” Additional reporting by Nian Liu in Beijing...
...The rest of the expiring loans on office properties are funded with commercial mortgaged backed securities (CMBS), a type of bond that typically pays more than government debt or similarly rated corporate...
...America will lose what makes it America,” he wrote....
...They include cyber security providers, such as Palo Alto Networks and CrowdStrike, and semiconductor designers and testers, such as Synopsys and Advantest....
...The evidence of harm to America’s adolescents of spending an estimated seven to nine hours a day on the internet, most of which is swallowed by social media apps, is now beyond doubt....
...From an exhibit attached to an S-1 it filed last year: PishPosh Baby LLC (“Borrowed’) promises to pay Moishe Hartstein (“Noteholder”) in lawful money of the United States of America, the amount of $1,000,000.00...
...’re so far from being a security minded company,’” Gurbir Grewal, director of the SEC’s enforcement division, said in a statement....
...It has raised more than $2.5bn and struck a handful of small deals, including building a minority stake in movie studio Lions Gate Entertainment and four cyber security companies....
...That dwarfs its second-largest publicly traded investment: Bank of America....
...It’s expected to allow Banc of California, the surviving entity that had fewer losses to absorb, to sell $7bn of low-yielding mortgage loans and securities....
...One could mention elevated petrol prices, or a further deterioration in housing from 8 per cent mortgage rates, or inflation turning up....
International Edition