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Refinance activity was up 16% from the end of February while purchase applications rose mildly, on the strength of fading rates amid larger economic woes.
March 12
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The United Auto 2025-1 series of notes has a more mixed subordination element compared with the previous deal.
March 11
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Summers said a combination of major immigration restrictions, federal government layoffs and damage to US competitiveness from President Donald Trump's tariffs.
March 11
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Tax liens have so-called super priority in repayments, even placing ahead of a previously filed mortgage.
March 11
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For the first time in almost two years, mortgage products available for consumers are at a level established in 2012.
March 11
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The KBW Nasdaq Bank Index is down more than 7% year to date. Analysts blame confusion caused by President Trump's evolving tariff policies and heightened worries about an economic downturn that could hurt banks' credit quality.
March 11
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A set of performance-related triggers—cash trapping and expense reserve—will help maintain cash flow to the notes.
March 10
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Over 85% of the collateralized loan obligation's total dollar value will be comprised of apartment complexes and hospitality and industrial properties.
March 10
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The giant asset manager is launching new CLO funds that generate higher returns without significantly increasing risk–by focusing on the less-favored tiers of CLO stacks.
March 10
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Among the resignations are Mark McArdle, who was instrumental in creating the Qualified Mortgage rule, and Operations Chief of Supervision David Bleicken. It is unclear if the Consumer Financial Protection Bureau will hire anyone to succeed them.
March 10
