Backed Markets

Credit Suisse settles New York state RMBS lawsuit

Credit Suisse settles New York state RMBS lawsuit

Published 07/01/2019

ZURICH (Reuters) - Credit Suisse has settled a 2012 New York state lawsuit alleging misconduct over residential mortgage-backed securities (RMBS), with a source familiar with [more…]

U.S. credit demand declines, rejection rates rise: NY Fed survey

U.S. credit demand declines, rejection rates rise: NY Fed survey

Published 03/12/2018

NEW YORK (Reuters) - Americans’ demand for credit declined over the previous year as expected, as mortgage interest rates rose, while the percentage of approved [more…]

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…]