Hints and tips:
Related Special Reports
...Investors are also watching for how the FDIC and its advisers at Piper Sandler attempt to sell down SVB’s mammoth portfolio of Treasury bonds and mortgage-backed securities, and whether a bank or other investor...
...While somebody is always going to buy US debt, the question is cost: Basically, the stakes are the volatility of mortgage rates....
...In a Tuesday note about the CPI report, GS’s Jan Hatzius wrote that the surprising strength in owners’ equivalent rent could signal the housing market is rebounding now that mortgage rates are lower: ....
...The government created Freddie Mac, Ginnie Mae, mortgage-backed securities, modified mortgages and subsidised rates for homeowners. It was a 1 per cent mortgage era....
...GS has to make some assumptions about what securities can refinance, of course....
...However, funding has also come from private lenders and the commercial mortgage-backed securities sector, often bundled into collateralised loan obligations....
...While Better has avoided WeWork’s fate, its shares have collapsed by 95 per cent since the group finally went public in August after a two-year delay as the Securities and Exchange Commission investigated...
...New York-based Better also faced an investigation by the US Securities and Exchange Commission into whether it had violated securities laws following allegations by its former head of sales and operations...
...Goldman Sachs’ credit strategists, for their part, say that the agency mortgage-backed securities market could incrementally benefit from the treatment of MBS under the new rules: The notice of proposed...
...To compare, in 1985 the UK had 355 banks and 167 building-society mortgage lenders....
...From the end of 2019 to mid-2022, the total value of securities, mostly Treasuries and insured mortgage bonds, at all banks rose by 54 per cent, or $2tn, and about twice as fast as their overall assets,...
...Just as the online lender makes its protracted public markets debut, US mortgage rates have hit a two-decade high....
...However, banks holding lots of securities backed by mortgages, credit cards and loans for commercial real estate would get hit hard....
...Investors are holding back from the $11tn US mortgage-backed securities market because of uncertainty over how regulators plan to dispose of the roughly $91bn portfolio they acquired from the collapses of...
...Between mid-2020 and mid-2021, Bank of America added $470bn of mortgage-backed securities and Treasuries, hoping to capture a bit of additional yield....
...As DD’s Kaye Wiggins and Will Louch reveal, the fund has backed a range of companies across the US and in the UK, even investing in a cyber security business that provides services to the British government...
...Another striking data point: The top five developers by sales in the first half [of this] year were state-backed, showed data from China Real Estate Information Corp....
...The fate of the holdings, which consist of mortgage-backed securities, collateralised mortgage obligations, and commercial mortgage-backed securities, had rattled bond markets, which feared the Federal Deposit...
...Adding to investor concerns is the proportion of deposits that lenders invested in longer-dated securities like US Treasuries and mortgage-backed securities when interest rates were low....
...Its funding costs also rose rapidly and it racked up large paper losses on its mortgage book and other long-dated assets....
...Treasuries, agency debt and mortgage-backed securities, and other qualifying assets as collateral. These assets will be valued at par....
...Mortgage issuance is going to be down when you double rates. Same thing with auto lending. The one shoe that hasn’t dropped yet are cap rates and debt yields on commercial real estate....
...First Republic shares have lost more than 97 per cent of their value this year, driven down by concerns about paper losses on its mortgage book and other assets and massive deposit outflows after the March...
...The good news is that the CRE problems do not seem to be nearly as grave as the issues in subprime mortgages in 2008....
...Citibank, Bank of America, Wachovia and Washington Mutual all failed in 2008 (three were bailed out and one was seized and sold) because managers fatally misunderstood mortgage risk....
International Edition