UWM’s derivatives strategy questioned after $603.2M hedging loss
In a positive sign for sales of newly constructed homes, mortgage applications for these properties were up in June versus one year prior, although normal seasonality kicked in compared with May’s activity. Processing Content Furthermore, sales trends for these properties are on the upswing, another reason lenders need to keep an eye on this segment,…
People don’t tend to listen much to a prime minister with only a few weeks left in office. But when Keir Starmer stood up last week and spoke at a BAE Systems site in Maidenhead, 30 miles west of London, the real estate sector pricked up its ears. Starmer announced a £15B increase in defence…
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As Boston building owners look to electrify their properties to comply with the state and city’s 2050 net-zero mandates, electrification is becoming a bigger roadblock than some anticipated. Massachusetts has some of the most ambitious sustainability goals in the country, and owners are racing to electrify buildings or buy credits to avoid penalties and fees. This…
Minutes Item 1 – Welcome and Apologies James Kaye (Chair, HSBC) welcomed new Committee members: Ellie McCormack (FCA) replacing Oliver McCausland, and Hendrik van der Merwe (Northern Trust) replacing Nikki Woodley. Adam Jukes (Deutsche Bank) was welcomed as an observer. Apologies were noted from Claire Forster-Lee (Morgan Stanley), Fiona O’Riordan (Citi) and Jermain Nooks (Investment…
Application volume for Federal Housing Administration mortgages slowed in May, as did insurance-in-force growth, but the latter is still outpacing private mortgage insurance, an analysis of data by Keefe, Bruyette & Woods found. Processing Content Furthermore, mortgage delinquency trends for FHA, which increased meaningfully following a change in loan modification rules in October, look to…