Freddie Mac earnings soar 61% as credit reserve release lifts profits

Modest Overnight Weakness on Oil and Corporate Issuance. It’s as good of a day as any to revisit our primer on corporate debt issuance given that it’s having an impact on bonds today.  Alphabet announced a $25bln bond offering around 7:45am ET, and yields instantly moved 2bps higher. Before that, there was nearly 2bps…

Key insight: Visa’s earnings slightly beat analyst expectations as the card network announced layoffs. What’s at stake: The credit card company said AI has enabled it to develop products and technology faster, and to restructure how it builds new products. Expert quote: “AI is also helping to accelerate this evolution and shape the way work…

Mortgage rates edged a little bit lower this week as several lenders made a series of selective rate cuts targeting certain borrowers. A total of 19 lenders made changes this week, with 11 making net rate cuts, one made net rate increases and another lender made a mix of changes. A handful of lenders also…

James:The BRRRR strategy has always been dependent on getting several moving pieces right, buying at the right basis, managing the rehab, hitting the rent targets, and refinancing the debt without leaving too much cash trapped in the deal. In today’s market, there is less room for any one of those assumptions to miss, but experienced…

Talent flight a growing concern Three-quarters of respondents said they worry Toronto could lose skilled workers and young professionals to competing cities, and 37 per cent of all residents surveyed said they are likely to leave Toronto within the next five years because of affordability pressures. That figure climbs significantly among younger cohorts: 52 per…

Contents What Is ATTOM Nexus? The Risks of Data Uncertainty Productivity Benefits of Data Discovery Before Commitment The Value of Self-Service Property Intelligence The ATTOM Difference It’s easy to find a property data provider. It’s much harder to know whether the data will actually meet your needs once it’s in your system. Too often, organizations…