Hints and tips:
...The Federal Deposit Insurance Corporation is auctioning the loan book and other parts of the California lender after a bank run led to its collapse this month....
...In 2009, Mnuchin led a group of private equity investors that bought IndyMac, a mortgage lender that failed in the 2008 financial crisis, from the Federal Deposit Insurance Corporation....
...The Federal Deposit Insurance Corporation on Thursday said the number of weak US banks had risen by eight to 52 in the final three months of 2023, the biggest jump since the demise of SVB....
...Some $117bn in commercial mortgages tied to US offices will come due this year, according to data from the Mortgage Bankers Association, part of a wall of looming maturities that is contributing to expectations...
...The buyers of Signature and SVB — New York Community Bancorp and First Citizens — were obscure, smaller institutions....
...Customers Bancorp, based in suburban Philadelphia, cut its commercial real estate lending by nearly $25mn in the first quarter....
...She argued that the rise in interest rates and mortgages was part of a global trend driven by increases set by the US Federal Reserve....
...The screen The US Federal Deposit Insurance Corporation covers more than 4,200 commercial banks, or one lender per 80,000 citizens....
...Kwarteng admitted in a speech to the Conservative party conference in Birmingham on Monday: “It has been tough, but we need to focus on the job in hand. We need to move forward. No more distractions.”...
...As the ruling party’s annual conference gets under way in Birmingham, Tory MPs are insisting something has to give....
...“If mortgage rates follow the bond market then that’s a big problem which people will notice,” an MP said....
...If mortgage rates keep going up — now we’re talking about 6 per cent, two-year fixed today — if these things continue, if these rising mortgage rates precipitate a correction in the housing market, if that...
...Truss eventually set out plans to reverse Sunak’s increase in corporation tax and national insurance, at a cost of about £30bn....
...You know, reducing national insurance, not raising corporation tax. That was already agreed....
...Flagstar Bancorp of Troy, Michigan, one of the biggest warehouse lenders, is reducing its funding for non-agency mortgages too....
...His parents took out a second mortgage on the family home and took a 20 per cent stake in the business....
...Mortgage lending rules: Makes it easier for small banks to offer mortgages by increasing legal protection and reducing data requirements....
...She joined the ranks of regulators from Fifth Third Bancorp, a $142bn-in-assets Cincinnati bank where she had been chief legal officer....
...A further decline in interest payments, thanks to the sharp fall in mortgage rates over the past six months, also will help to boost disposable incomes....
...One strong candidate to succeed Mr Gruenberg is Jelena McWilliams, chief legal officer at Fifth Third Bancorp in Cincinnati....
...New York Community Bancorp, the city’s largest CRE lender in 2015, shrank its loan balances by more than half....
...The consultancy PwC, commissioned by the City of London Corporation, has modelled the scheme on regional visa policies in Australia and Canada....
...Issuance of commercial mortgage-backed securities has dropped to four-year lows....
...The US regionals generally avoided the risky mortgage trading high jinx that doomed their larger rivals....
...Reserves across the system dwindled to 1.48 per cent of loans at the end of last year, according to the Federal Deposit Insurance Corporation, from a peak of 3.28 per cent in 2010 and not far off the 2006...
International Edition