Jefferies downgrades Edison International stock rating on fire liability concerns

A pool of mortgages, a majority of which are designated as non-qualified, will secure $228.2 million in residential mortgage-backed securities (RMBS) from Angel Oak Mortgage Trust, series 2026-5. Processing Content Known as AOMT 2026-5, the deal will issue the $228.2 million through a series of 10 class A, M and B notes, which all have…

Google Map showing 26 Federal Plaza in New York City. Source: Google Earth An individual is in custody after setting off “an incendiary device” outside an immigration court building in lower Manhattan on Monday morning, the FBI told CNBC. The FBI’s New York Joint Terrorism Task Force is investigating the incident, which took place outside…

Conservative Leader Pierre Poilievre brought his housing message to the mortgage industry this week, joining broker Ron Butler for a nearly hour-long episode of the Angry Mortgage Podcast. The interview, released Tuesday, covered housing affordability, development costs and homeownership, along with trade, economic policy and the pair’s shared Alberta roots. The primary focus, however, was…

This article was written by Follow I have a B.Tech degree in Mechanical Engineering from a top school in India. For nearly twenty five years, I have worked in the oil and gas sector, primarily in the Middle East. I work at the intersection of engineering, operations, and project management in an industry that does…

Hampshire Trust Bank (HTB) has appointed Ashling Quinn as lending director within its development finance team. Quinn will support brokers and SME developers across the Midlands. She brings more than a decade of banking experience, including seven years specialising in development finance. Joining from Paragon Development Finance, Quinn progressed through a series of roles…

Services sector bears the brunt The public sector shed 20,000 positions, marking its third consecutive monthly decline. Regional losses were concentrated in Quebec, which lost 19,000 jobs, and Ontario, which shed 18,000. Service-producing industries — employing approximately four out of every five Canadians in the labour force — fell by 51,500 positions, led by declines…