UWM’s derivatives strategy questioned after $603.2M hedging loss
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Pepper Money launches five-year BTL range
Pepper Money has launched a range of five-year fixed buy-to-let (BTL) products, with rates starting from 5.7%. The lender said the range has been introduced to provide brokers and landlords with additional longer-term options, allowing advisers to offer greater choice to customers seeking payment certainty over a five-year fixed term. The products are available…
Lovey obtains £250 credit facility from Pollen Street Capital
Specialist lender and brokerage, Lovey, has announced a senior secured credit facility of up to £250m with Pollen Street Capital. The facility comprises £50m committed capital and a £200m accordion, which enables Lovey to increase the facility without renegotiation. The lender said this was the largest funding facility in its history and a milestone in…
Jio Financial Services shares rise 2% after firm sets record date for dividend. What to expect?
Shares of Jio Financial Services rose over 2% on Monday after the company fixed August 10 as the record date for its final dividend of Rs 0.60 per share for the financial year, which ended on March 31, 2026. Jio Financial Services shares rose to Rs 262.65 apiece on Monday, extending a more than 10%…
How Falling AI Stocks Could Affect Homebuyers and Family Wealth
As more adult children count on the Bank of Mom and Dad to help them buy homes, Mom and Dad, in turn, may be counting on Wall Street. That arrangement looked a little less secure on Friday, when fears about the cost of the artificial intelligence boom sent stocks tumbling. The Nasdaq lost 2.9% on…
How brokers and borrowers can rethink the refinance and rate conversations
The traditional rate-and-term refinance – where a borrower simply swaps an existing mortgage for a lower rate – is increasingly uncommon in the current market. New approaches to the refinance question Homeowners locked into sub-4% mortgages from 2020 and 2021 see little incentive to refinance purely for a better rate, she pointed out, when the…
The Stock Market Is Repeating a Pattern Seen Only Once Since 1871. Here’s What History Says Comes Next.
The stock market has been booming lately, with both the S&P 500 (^GSPC -0.15%) and the Nasdaq Composite (^IXIC -0.46%) notching new all-time highs this month. But the market will have to work hard to maintain this winning streak. Bond yields are reaching their highest levels in decades, pushing up borrowing costs, and high oil…
