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The final rule governing the use of automated valuation models for home assessments is substantially similar to the initial proposal made last June.
July 17
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The irony is, Trump's platform — including tax cuts, tariff increases and a crackdown on immigration — would, in the view of many economists and investors, stoke price pressures.
July 17
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Amid the housing market's challenges, the pool still has borrowers with strong credit profiles, including a 48% debt-to-income (DTI) ratio, and low leverage of 63%, for a sustainable loan-to-value ratio.
July 17
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Transportation, automotive, healthcare, and commercial real estate are the sectors most affected, but borrowers are doing better than expected.
July 16
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The loans typically don't qualify for being bundled into bonds supported by Fannie Mae or Freddie Mac — government-backed companies that guarantee most US mortgages for investors.
July 16
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The notes are expandable so that at any time during that revolving period the issuer can upsize the notes, to a maximum of $500 million in the deal.
July 16
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The resilience of the equity market has been underpinned by optimism the economy has withstood the worst of Fed tightening.
July 16
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The Charlotte, North Carolina-based bank saw profits and net interest income dip in the second quarter, but made up lost revenue through investment banking fees.
July 16
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The longest portion of the offering, an 11-year security, may yield 1.35 percentage point above Treasuries. The deal comes after the bank reported record profit as investment bankers and equities traders smashed expectations.
July 15
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A Rocket Mortgage securitization is the first private investor deal with a high share of e-notes, and the company is considering use with another loan product type.
July 15
