mortgage
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Global Economic Insights
Commercial Mortgage-Backed Securities Reach the AAA Tranche as Pimco Absorbs Multi-Million Dollar Loss on Philadelphia Office Towers
The vulnerabilities inherent in the post-pandemic commercial real estate market have breached the safest tier of structured finance, as prominent…
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Global Economic Insights
Sales were bad in all regions. But mortgage rates in August were still quite a bit lower than now.
The U.S. housing market continues to face significant headwinds as pending home sales for July were revised downward to near-record…
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Financial Technology (FinTech)
Citizens Bank Sues Digital Competitor SoFi, Accusing Fintech of Poaching Mortgage Teams and Stealing Trade Secrets
The high-stakes battle for mortgage talent has officially spilled over into the federal courtroom, setting the stage for what could…
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Global Economic Insights
Long-Term Treasury Yields Spike, 1- to 7-Year Yields Explode, Mortgage Rates Hit 7.12%, Bond Market Gets Spooked
The United States bond market endured a tumultuous four-day stretch this past week, characterized by a broad-based surge in yields…
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Global Economic Insights
The average weekly mortgage rate, at 6.76%, is not high historically. Inflation is high. And home prices are high.
The United States housing market is currently navigating a period of profound stagnation, characterized by a persistent contraction in sales…
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Global Economic Insights
Mortgage Rates Rise to 6.77%, Highest in a Year, Driven by Bond Market Fears of Inflation & the Ballooning Debt
This shift in the lending environment has effectively dismantled the narrative that gained traction last autumn, which suggested that the…
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