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...The top three executives at some of China’s leading state-backed brokerages, including CSC Financial, Citic, China International Capital Corporation (CICC), Huatai Securities and Guotai Junan Securities,...
...US mortgage lender....
...At a meeting held last month, the firm proposed to its board of trustees for Pimco Funds that it consider converting its $141mn Mortgage-Backed Securities Fund from a mutual fund into an ETF, the filing...
...Last year you launched a mortgage securities-backed ETF, MTBA, that is supposed to have favourable convexity characteristics. Tell us about that....
...The move to raise $500m in art-backed securities comes at a moment of deep distrust of Drahi in the bond market, however....
...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....
...Mortgagor households had the highest annual inflation rate, of 6.3 per cent in December 2023, reflecting rising mortgage interest payments, according to the Office for National Statistics....
...UK rents rose by a record 9 per cent last month, according to the Office for National Statistics....
...The father of mortgage-backed securities, unsurprisingly, puts his faith in the power of markets. Larry Fink last week released his perennially anticipated shareholder letter....
...But security guards at both locations said there was no company with that name in those buildings....
...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...
...with property lenders or lessors, and 3) corporate ringfencing or securitisation vehicles like special purpose entities, collateralised loan obligations and asset-backed securities....
...A further large decline in office property prices could also cause more borrowers to strategically give up on mortgages where the loan exceeds the property value....
...The UK government has said that a stake held in Vodafone by a UAE-backed telecoms group is a national security risk and ordered the companies to take steps to mitigate it....
...Fitch forecast last week that commercial mortgage-backed securities delinquencies in the US would increase from 3.3 per cent to 8.1 per cent in 2024, as refinancing challenges result in defaults....
...Although government figures cautioned no final decision had been made, they said the new Treasury-backed mortgage scheme was likely to be in the chancellor’s March 6 Budget....
...However, funding has also come from private lenders and the commercial mortgage-backed securities sector, often bundled into collateralised loan obligations....
...He added that households had more scope to make mortgage payments since wages were rising faster than the rate of inflation....
...The jump in average private rents in the year to March marked the biggest annual percentage change since the Office for National Statistics began collecting data in 2015....
...(In terms of terrorism across the UK, it is a different picture: statistics for Northern Ireland are collected by the Northern Ireland Office, not the Home Office, in a way that makes comparisons less easy...
...Boris Johnson made £4.8mn on top of his salary as a backbencher in the six months after he was forced out of office as prime minister....
...UK regulators have said that they will not object to the creation of cryptocurrency-related securities, following similar moves by supervisors in other markets....
...Meanwhile, a Lebanese man accused by the US Treasury’s Office of Foreign Assets Control of funnelling Iranian money to Hamas was found dead in a town near Beirut....
...after the office-sharing group WeWork, another of its bets, filed for bankruptcy....
...China’s Securities Regulatory Commission said in a statement that BNP Paribas’ securities business had been approved in Shanghai with registered capital of Rmb1.1bn ($150m)....
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