Hints and tips:
...Tembo, the digital mortgage broker, has a Slack channel that shares online reviews from customers, as well as emailed thanks....
...If customers aren’t gorging on subscription lines, margin loans, interest-only mortgages and other tailored debts, it diminishes the selling points of a bank....
...UK housebuilding activity fell sharply in July, the eighth consecutive month of contraction, as higher mortgage rates hit demand, according to new survey data....
...Another material difference . . . could come from the cost of acquiring and servicing the merchants (ie drivers/vehicles and properties)....
...A version of this article was first published by Nikkei Asia on April 20, 2023. ©2023 Nikkei Inc. All rights reserved....
...Getting the drop on Drop servicingDrop servicing involves the reselling of digital services, such as marketing, copywriting and creative work....
...Rainey said Walmart had cleared most of its summer seasonal inventory but was still holding excess stock in electronics, home and sporting goods....
...Ross Walker: There is already a substantial amount of policy tightening in the pipeline (ie, announced Bank rate hikes which have yet to feed through to mortgage debt-servicing costs), so we expect only...
...Take Ellington, one of the oldest and biggest dedicated credit hedge funds, having been set up in 1994 by Michael Vranos, a former superstar mortgage bond trader at Kidder Peabody....
...These included credit card terms and conditions, and the process behind fulfilment of mortgages....
...Equity valuations for many of the biggest operators have rebounded because corporate profits have been supported by electronic trading and high customer demand for data and indices....
...“The mortgage industry is a simple thing — it correlates to rates,” said Chris Whalen of Whalen Global Advisors. While mortgage servicing is a tough business, “it’s the relationship that matters....
...“We have seen a significant ramp-up in loans not only in special servicing but in a grace period over a short period of time,” said Sagar Parikh, a securitised products trader at asset manager TCW....
...(Bloomberg) Leave the floor After coronavirus forced the New York Stock Exchange to shift into full electronic mode for the first time in its 228-year history, investors say it has allowed its crucial 4pm...
...Investing has become more electronic and reliant on big data....
...A version of this article was first published by the Nikkei Asian Review on April 14, 2019. ©2019 Nikkei Inc. All rights reserved....
...The company that owns the New York Stock Exchange is putting itself at the centre of the $15tn US mortgage market in anticipation of an epochal switch to electronic documents from unwieldy stacks of paper...
...The allegation comes from Bill Erbey, founder of Ocwen Financial, the biggest subprime mortgage servicing company in the US, who is pursuing a legal action against the two asset management giants in the...
...With the government hiking interest rates to try to stem foreign capital flight, mortgage servicing costs are increasing....
...But then, the bank has experience in the hot seat, in 2016 agreeing a civil settlement of $5bn with prosecutors over mis-sold mortgage backed securities, for instance....
...His inaugural turn as a finance chief came at Archipelago Holdings, one of the first US electronic stock exchanges, which he helped take public in 2004....
...The company filed for bankruptcy in the US in September after what analysts say were years of under-investment in its tired-looking stores, as it struggled to keep up with the $250m annual cost of servicing...
...No longer did banks’ lending officers decide on loans for businesses or mortgages; those decisions instead rested in the markets for mortgage-backed securities, corporate paper and junk bonds....
...A version of this article was first published by the Nikkei Asian Review on August 29 2018. ©2018 Nikkei Inc. All rights reserved....
...These will relate to the exports of sensitive electronic components and other technologies....
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