Backed Markets

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…]

Column: Debate on safety of reverse mortgages for U.S. seniors heats u

Column: Debate on safety of reverse mortgages for U.S. seniors heats u

Published 01/02/2018

A realtor and bank-owned sign is displayed near a house for sale in Phoenix, Arizona, January 4, 2011. REUTERS/Joshua LottCHICAGO (Reuters) - Foreclosure is a [more…]

RBS to pay $125 million to settle California mortgage bond claims

RBS to pay $125 million to settle California mortgage bond claims

Published 23/12/2017

People walk past a branch of the Royal Bank of Scotland in London, Britain December 1, 2017. REUTERS/Peter Nicholls(Reuters) - Royal Bank of Scotland Group [more…]

Factbox: What’s in the final U.S. Republican tax bill

Factbox: What’s in the final U.S. Republican tax bill

Published 17/12/2017

FILE PHOTO: U.S. President Donald Trump delivers a speech on tax reform legislation at the White House in Washington, U.S., December 13, 2017. REUTERS/Carlos Barria(Reuters) [more…]

Fed’s Quarles to recuse himself from Wells Fargo matters

Fed’s Quarles to recuse himself from Wells Fargo matters

Published 15/12/2017

WASHINGTON (Reuters) - Randal Quarles, the top Federal Reserve official tasked with policing Wall Street, said on Friday that he would recuse himself from any [more…]

Factbox: Provisions of the U.S. Republicans’ final tax bill

Factbox: Provisions of the U.S. Republicans’ final tax bill

Published 14/12/2017

(Reuters) - Republicans in the U.S. Congress reached a deal on tax legislation on Wednesday, clearing the way for final votes next week on a [more…]