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...Wells Fargo took a hit after another City office sale was agreed in October, according to React News, and two Canary Wharf buildings entered receivership earlier this year....
...About 45 per cent of the assets of private equity-linked US insurance companies are allocated to illiquid strategies including structured credit, mortgage loans and mortgage-backed securities, compared with...
...from home....
...Over the past two years, big banks such as JPMorgan Chase, Bank of America, Citigroup and Wells Fargo charged more for loans in lockstep with the Fed lifting interest rates, without passing on the increase...
...Home improvement store Home Depot also reports earnings as well as energy groups Diamondback Energy and Chesapeake Energy and homebuilder Toll Brothers....
...Its price to book value of nearly 3 times trumps that for mortgage-heavy Wall Street banks like JPMorgan, Bank of America and Wells Fargo. But Rocket doesn’t have appreciably higher return on equity....
...The National Association of Home Builders/Wells Fargo Housing Market Index rose to a reading of 37, up from 34 in October, marking the first increase in four months....
...A record number of home sales in New York last quarter were cash purchases as high mortgage rates deter all but the richest buyers....
...Already, there has been an uptick in new mortgage applications and pending home sales....
...Investing: A small German mortgage lender has become one of Europe’s most-shorted stocks because of its exposure to US commercial property....
...Take a break from the news Well-paid professionals say they are feeling the pinch this year as less generous pay and bonus packages are eaten away by bigger mortgage repayments, higher taxes and rising...
...And here’s what I’m keeping tabs on today and over the weekend: Results: Several large US banks report annual results today, including Citigroup, JPMorgan Chase, Wells Fargo and Bank of America....
...As firms exit some areas and demand higher premiums in others, affordable home insurance cover — for many an essential annual outlay, often a condition of their mortgage debt — is getting harder to secure...
...I am divorcing my husband and have found out he borrowed money, unbeknown to me, from his parents, to help pay our mortgage for the past few months, due to our rate going up significantly....
...As the notion of Mingei is rooted in objects responding to everyday needs, which vary depending on culture and climate as well as over time, it’s almost impossible to attach an identifiable aesthetic to...
...A law firm consultant said a managing partner of a top firm once called his Newport, Rhode Island, holiday home, “the house that Citi built”, because of the deal he got on his mortgage....
...Earnings at JPMorgan Chase, Bank of America, Wells Fargo and Citigroup were up 23 per cent. By contrast profits at all other institutions dropped by an average 19 per cent in the quarter....
...A total of 8.54mn people, equivalent to about 1 per cent of working-age Chinese adults, are officially blacklisted by authorities after missing payments on everything from home mortgages to business loans...
...Neither the monster national players (JPMorgan Chase, Bank of America, Wells Fargo, Citigroup) nor the regionals (PNC, M&T, et al) have had much to say about the economy’s effect on credit quality....
...Robert Smith is an FT capital markets correspondent Follow @FTMag to find out about our latest stories first...
...The National Association of Home Builders/Wells Fargo housing market index fell from 56 to 50 this month, signalling a slowdown in business for companies that build single-family homes....
...That may well prove to be the case....
...Wells Fargo is a case in point....
...The one important channel is how interest rates move through mortgage rates or small business loans and then that turns into less demand, people lose their jobs and that then spreads into the rest of the...
...“When considering funding home improvements, customers should consider a range of borrowing options, in addition to increasing their mortgage,” it added....
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