Mortgage slump deepens as rates break through year-ago levels

Who Ahmed is reaching first, and what he’s saying Ahmed notes that the first clients on his call sheet are the higher net worth clients with cross-border business interests. He acknowledges, though, that no cohort of Canadian clients is going to be untouched by this issue. He says he’s been working to prepare all his…

Munis were little changed on Friday, as U.S. Treasuries cheapened and equities ended higher. Processing Content UST yields cheapened by three to four basis points. August’s ample issuance may in fact be record-setting, according to J.P. Morgan analysts led by Peter DeGroot. With one more week’s data, J.P. Morgan now projects a total August tax-exempt…

“What happened in Los Angeles was a real wakeup call for people: the aftermath of the fires, the bond downgrades,” said Steven Rothstein, chief program officer at Ceres.Ceres The municipal bond market is confronting a reality that has been discussed for more than a decade by government and finance, but is only now being fully…

Not long after billionaires Sergey Brin and Larry Page dropped a combined hundreds of millions of dollars on Miami real estate, the company they founded is growing its Magic City office presence. The office building at 1450 Brickell Ave. Alphabet Inc., the parent company of Google, expanded its 10K SF office lease at 1450 Brickell Ave….

When Dan Huge arrived at the Capital Improvement Board of Marion County, its auditors had just issued a going-concern warning. Three and a half years later, Huge had helped rebuild its reserves and refinance nearly all of its debt.“The view before [I joined], from the financial side, was, ‘We just manage the money year-to-year,’” Huge…