Finance

Blockbuster stock market gains allow U.S. public pensions to lower their assumed investment return and the chance that taxpayers have to make up any shortfalls.

The deal appears to take advantage of a shift in federal rules reducing the level of non-owner-occupied loans Fannie Mae and Freddie Mac can purchase.

Hailing from Canada, the upcoming credit card deal will draw from a pool with very low rates of delinquency, total net losses and charge offs.

Sales of new U.S. homes rose in July for the first time in four months, helped in part by additional inventory and indicating still-firm underlying demand.

The proceeds from the trust’s certificates will refinance some CMBS debt, among other balance sheet uses.

Investors wanting to hedge risks arising from potential Federal Reserve policy changes should consider credit markets instead of equities.

Ontario Teachers’ Pension Plan said equity gains helped offset fixed income and currency losses in the first half of the year.

Blackstone Inc. is broadening its bet on U.S. student housing, forming a $784 million joint venture with Landmark Properties.

Refinancing, high home prices, the concentration of pandemic-related hardships in the FHA market, and the lingering impact of last year’s market disruption all likely played a role in the intensified discrepancy.

The collateral mortgage were underwritten through the CFPB's ATR rules, and captures self-employed, prime and super prime borrowers, and even foreign nationals.

Less than two years after its much-delayed opening, the complex known as American Dream is threatening to dash the lofty ambitions of yet another developer.

Facebook is leasing two buildings that offer 542,680 square feet of prime office space in the Spring district of Bellevue, Washington, now under redevelopment.

Catastrophe bonds broke a record during the first half of the year with about $8.5 billion of new securities issued, according to a report from Swiss Re AG

Virtually the whole collateral pool will be comprised of senior secured loans, cash and eligible investments ultimately benefiting software, hotel and leisure.

The wholesale lender has a cost structure aimed at beating the competition in a rising rate environment, Chairman and CEO Mat Ishbia said on the second quarter earnings call.

What policy makers say about economic inequality at this month’s Jackson Hole symposium is potentially a bigger deal for bond investors than any taper talk.

Henry Brigham, Willis Hwang and David Knecht bring a combined 43 years of corporate trust experience to the Wilmington Trust team.

Credit performance to LL ABS deals has been better than expected, as financial support to borrowers made exxtra cash available to pay down on other obligations.

State Street Corp. will leave its two New York City offices, making good on plans to transition its Manhattan-based staff to a hybrid work model.

In a first for the EART program, the collateral will include loans originated through a third-party direct lender.