Magazine Issue Year 2020

Digital Edition

March 2020

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Magazine Issue Year 2020

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Mortgage rates

US mortgage rates match highest in almost a year, purchases drop

The average contract rate on a 30-year fixed mortgage climbed 7 basis points to 6.65% in the week ending July 10. Meanwhile, the group's index of mortgage purchase applications fell 7.3%.

3h ago
Earnings

Citi's investment roadmap raises eyebrows on Wall Street

The global bank said it's ready to take advantage of opportunities to accelerate investments into its business, with an eye toward achieving longer-term, sustainable growth. Analysts had tough questions about the plans.

By Allissa Kline

July 14
Consumer lending

Pagaya in smaller ABS raise, with $591 million

After the turbo period—months 12 through 39—classes A2, A2, B, C, D, E and F1 will receive enough principal payments to reach their respective target note balances and stay there.

By Donna M. Mitchell

July 14

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