Backed Markets

U.S. mortgage industry faces job losses as refinancing dries up

U.S. mortgage industry faces job losses as refinancing dries up

Published 18/10/2018

NEW YORK (Reuters) - With mortgage applications falling to their lowest since late-2014, the U.S. home lending industry is facing a major overhaul in how [more…]

Rising rates knock U.S. mortgage activity to lowest since 2014: MBA

Rising rates knock U.S. mortgage activity to lowest since 2014: MBA

Published 17/10/2018

(Reuters) - U.S. consumers filed the fewest requests for a mortgage since late 2014 last week as most home borrowing costs reached their highest levels [more…]

Wells Fargo planning its first post-crisis mortgage bond: Bloomberg

Wells Fargo planning its first post-crisis mortgage bond: Bloomberg

Published 05/10/2018

(Reuters) - Wells Fargo & Co (WFC.N) is planning its first post-crisis offering of bonds tied to U.S. home loans without government backing, Bloomberg reported [more…]

Royal Bank of Scotland to launch new consumer bank: Sky News

Royal Bank of Scotland to launch new consumer bank: Sky News

Published 27/09/2018

(Reuters) - Royal Bank of Scotland is planning to launch a new standalone consumer bank called Bo to fight industry challengers such as the British [more…]

Putnam stares down hedge funds on big shopping mall bet

Putnam stares down hedge funds on big shopping mall bet

Published 21/09/2018

BOSTON (Reuters) - Putnam Investments has placed a large, concentrated bet that struggling U.S. shopping malls can transform themselves even as key tenants shut stores [more…]

Goldman sees rising rates a drag on U.S. residential investing

Goldman sees rising rates a drag on U.S. residential investing

Published 02/08/2018

NEW YORK (Reuters) - Goldman Sachs economists said on Thursday rising mortgage rates would subtract 1 to 2 percentage points from U.S. residential growth over [more…]

Fannie Mae issues first-ever SOFR-based securities

Fannie Mae issues first-ever SOFR-based securities

Published 26/07/2018

NEW YORK (Reuters) - Fannie Mae on Thursday issued the first-ever securities based on the Secured Overnight Finance Rate (SOFR), an alternative to the London [more…]

U.S. prosecutors dealt dual setbacks in mortgage bond fraud crackdown

U.S. prosecutors dealt dual setbacks in mortgage bond fraud crackdown

Published 03/05/2018

(Reuters) - U.S. prosecutors cracking down on deceptive mortgage bond trading practices on Thursday suffered dual losses as a federal appeals court overturned an ex-Jefferies [more…]

BofA profit beats estimates on higher interest rates, loan growth

BofA profit beats estimates on higher interest rates, loan growth

Published 16/04/2018

(Reuters) - Bank of America (BAC.N) reported a 34 percent rise in first-quarter profit on Monday, topping Wall Street estimates, as the lender benefited from [more…]

S&P accused of weakening ratings model to win business in landmark…

S&P accused of weakening ratings model to win business in landmark…

Published 12/03/2018

FILE PHOTO: The Standard and Poor's building in New York, August 2, 2011. REUTERS/Brendan McDermidSYDNEY (Reuters) - Ratings agency Standard and Poor’s weakened its risk [more…]