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Soaring home prices and the abundance of all-cash offers that the deep-pocketed can afford makes home buying even harder for the average borrower, according to a Redfin report.

On a good day, the leveraged-loan market looks stuck in the 1990s, with trades getting done through phone calls and instant messages.

The 10 largest loans in the deal have high balances, ranging from $2 million to $2.9 million, and California represents half of it’s geographic concentration.

The relatively low share of borrowers who were distressed in June adds to signs that the offramp from government relief measures may not lead to an overwhelming wave of foreclosures.

Comerica, which focuses on the energy sector, reported strong payment trends last quarter, while M&T, which concentrates more on real estate, showed deterioration. The divergence reflects varying exposures to sectors hit hard by the COVID-19 recession.

The meager increase suggests the largest boost in inventory possible would likely still leave the backlog of homes on the market at historic lows.

RFS Asset Securitization could issue additional notes, up to $500 million, at any time during the revolving period, which could be as soon as June 2024.

Despite lower numbers, refi applications continued trending strongly, while purchases fell close to lows from more than a year ago.

The Detroit company, one of the nation's largest car lenders, enjoyed a surge in profits during the second quarter, largely due to strong consumer demand for vehicles. But how long will the good times last?

Emerging-market investors buy bonds over stocks increasingly as the delta variant of the coronavirus ravages developing economies with low vaccination rates.