Hints and tips:
...Lenders have taken a hit to margins as they lowered lending rates, including reductions on outstanding mortgage rates....
...The corporate finance departments were using analysts to bring in corporate finance business....
...In April 2021, SoftBank was so eager to back US mortgage lender Better Home & Finance that it wrote a $500mn cheque and was prepared to hand its newly acquired voting rights to Vishal Garg, the start-up’...
...Better competes with companies such as Rocket Mortgage that have capitalised on the pullback by banks from mortgage lending because of regulations imposed after the 2008 financial crisis....
...Metro Bank also recently said that Barclays was among the potential buyers of a suite of £3bn worth of mortgages....
...Central Huijin, a unit of the $1.4tn China’s largest sovereign fund China Investment Corp, plans to increase holdings over the next six months, according to filings....
...Commercial property, and in particular mortgages on office buildings with low occupancy rates, have been a big concern for lenders since the Fed started lifting interest rates....
...A rush to pre-pay mortgages, another pressure point in profitability for the bank, peaked in April at CCB, according to the lender....
...US homebuilder Lennar Corp said housing demand strengthened as homebuyers adjust to higher mortgage rates amid a limited supply of housing....
...Policymakers in Beijing have attempted to confront weakness in the property sector with a flurry of stimulus measures last month, including an increase in personal income tax allowances and a reduction in minimum mortgage...
...X Corp, as Twitter is now known following Elon Musk’s rebrand, had between 107mn and 109mn daily active Android users in the week that followed the launch of Meta’s text based rival....
...Just as the online lender makes its protracted public markets debut, US mortgage rates have hit a two-decade high....
...White & Case has hired Freshfields Bruckhaus Deringer’s Peter Mason as a debt finance partner in London....
...The finance ministry quickly issued a denial that such a thing was being envisioned. The jitteriness shows how deep the mess is that Mustier has to clean up....
...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,...
...In 1934, Warburg, who was Jewish, was forced to emigrate to London, where he set up what would become the merchant bank SG Warburg....
...Blackstone Mortgage Trust and KKR Real Estate Finance Trust, two of the biggest mortgage real estate investment trusts, have halted loans to any new borrowers....
...When it came to the brewing US subprime mortgage crisis, Crastes thought doomsayers were getting ahead of themselves....
...As interest rates rise, bank assets such as government bonds and mortgages may lose value. This creates an ongoing risk of failure through two related channels....
...In 2019 Coutts became a “B Corp”, committing it to enhanced environmental, social and governance goals....
...From the WSJ: “I like to call it the ‘golden handcuffs’ of mortgage rates,” said Odeta Kushi, deputy chief economist at First American Financial Corp....
...And one BIG thing: See you at the Biltmore Mayfair today for DD Live as we gather the team, the biggest names in finance and our readers....
...The rapid rises in mortgage rates track with the Fed’s campaign to lift its own benchmark interest rate in a drive to damp surging US inflation....
...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....
...The students are lively and engaged, debating whether mortgage holders really own their homes, the risks of trading bitcoin and the ethics of gambling....
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