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More than 500,000 houses were potentially affected by this type of damage from the more recent storm, which was the second-most intense storm in Louisiana’s history.

Charles Schwab’s Kathy Jones believes yields should be higher to better reflect the growth seen in the U.S. economy, and increasing calls for the Federal Reserve to taper swiftly will only keep yields low for longer.

Meanwhile, property values across the U.S. have increased for 40 quarters in a row, according to the Federal Housing Finance Agency.

High CLO volume stems partly from transactions whose refis or resets anticipated last year were deferred when spreads widened considerably amid the pandemic.

The key benchmark that the Federal Reserve targets to control monetary policy dropped for the second time in two weeks, an indication that the glut of cash in the front-end is starting to spill into this corner of the funding markets.

Distressed homeowners who first took advantage of deferrals in March of last year will either start repayment or look for new solutions in September.

None of the leading areas ranked by investor share of sales were in the Golden State during 2020, in contrast to the state’s dominance on the list in the wake of the Great Recession.

All but 501 of the loans in the pool were assessed following the new general QM rule. Otherwise, the pool is largely comprised of jumbo, prime loans.

The end of many COVID relief plans in September have the industry holding its breath, with outcomes potentially foreshadowing the months to come.

Federal Reserve Chair Jerome Powell said the central bank could begin reducing its monthly bond purchases this year, though it won’t be in a hurry to begin raising interest rates thereafter.