Hints and tips:
...Signet Jewelers, discount store Five Below, pet retailer Chewy, homebuilder KB Home and chipmaker Micron also report results today....
...Into the FHLBiverse The regional Federal Home Loan Banks are part of the Federal Home Loan Bank system — an ür-government sponsored enterprise, predating better-known cousins like Fannie Mae and Freddie...
...Most first-home buyers chose a one- or two-bedroom property in the first quarter of 2023 for the first time since 2010, according to analysis by estate agent Hamptons of transaction records from Countrywide...
...Housebuilder KB Home also releases results. Thanks for reading FirstFT. Have feedback on today’s newsletter? Let us know at firstft@ft.com. Five more top stories 1....
...a countrywide mortgage boycott....
...So that IRS office was the Countrywide Savings and Loan office campus. And we shot the entire movie in that building almost. And it was shot in 38 days in January of 2020....
...Earnings Canadian grocer Empire Co and US homebuilder KB Home will report before the bell. Empire is expected to report a profit of 69 Canadian cents a share on C$8bn ($6.2bn) in revenues....
...Home Depot’s Bernard Marcus and TD Ameritrade’s Joe Ricketts have also each given $1m....
...It has also tightened loan regulations in a bid to curb demand for new housing purchases....
...Working from home has been a tailwind for IT services group Computacenter, which lifted earnings guidance second time in as many months....
..., have tempted some to use a home loan to fund a more ambitious purchase, Hamptons said....
...And every crisis is an opportunity: Working from home has a positive impact on telecom operators....
...While his former boss, chief executive Angelo Mozilo, chased new loans that ultimately killed the company he had founded, Mr Furash had run Countrywide’s banking arm....
...The AlphaCentric Income Opportunities fund lost more than 30 per cent of its value last week owing to its heavy exposure to home loans to borrowers with lower credit scores....
...Back in April 2008, TPG’s founders had dreams of replicating the profits they had reaped by rescuing lenders during the 1980s savings and loan crisis....
...New builds, thanks to the help-to-buy equity loan scheme, are especially expensive....
...There are early signs of this in data produced by estate agency Hamptons International, a subsidiary of Countrywide....
...The group also found that applications for home loans rose 9 per cent last week....
...KB Home booked net orders that decreased 12 per cent to 2,013 homes....
...up to £600,000 a 40 per cent equity loan in London and a 20 per cent loan elsewhere....
...Lennar, KB Home and DR Horton were higher in midday trading. Toll Brothers and PulteGroup edged 0.2 per cent and 0.3 per cent lower, respectively. The broader S&P 500 rallied 1.4 per cent....
...Consumption will likely be severely affected, as people across the nation are limiting activities outside their homes....
...Fellow builder KB Home beat Wall Street’s estimates for fourth-quarter earnings after selling more homes....
...The Paces were among 10,507 borrowers whose home loans Countrywide packed into a set of securities called the CWABS Asset-Backed Certificates Trust 2005-11....
...Every one of them was turned down for a home loan by three different lenders. I'm with Countrywide, and I got them all approved....
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