Treasury buyback strategy already tested as yields spike Thursday

Big picture momentum has been calmly but clearly skewed toward higher yields for almost 10 months. There have been a few attempts to bounce at technical ceilings along the way up from 4.0% 10yr yields (4.3%, 4.42%, and 4.75%). August has been mostly sideways near the longer-term highs, but the first two days of this…

More2life has launched an early repayment charge (ERC) free option for lifetime mortgages. The lender’s Apex Zero product aims to help borrowers who believe their circumstances might change within the period that ERCs would usually apply. The new option is available to applicants aged between 55 and 95 years old, and offers loan-to-values (LTVs) between…

The S&P 500 Index ($SPX) (SPY) on Monday closed up +0.02%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.51%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.32%.  September E-mini S&P futures (ESU26) rose +0.02%, and September E-mini Nasdaq futures (NQU26) fell -0.33%. Stock indexes settled mixed on Monday, with the Dow Jones Industrial Average posting…

National lender and servicer Newrez reported positive earnings and touted opportunities amid ongoing economic volatility, as its leadership sees potential growth in new lending products and savings from artificial intelligence investments.  Processing Content With rising interest rates throughout the quarter dimming early-year enthusiasm for a significant bump in lending volumes, the company found itself able…

Alts investment platform CAIS announced a $170 million Series D financing. The round includes investments from lead participant Vista Equity Partners, as well as AllianceBernstein, funds managed by Blue Owl Capital, Carlyle, Fortress Investment Group, Golub Capital, Lord Abbett, and Royal Bank of Canada. The round values CAIS at over $2 billion, bringing total capital…

The thrill of closing a deal, meeting new clients, and showcasing homes is why many of us love being real estate agents. But what happens when excitement turns to unease? What if that “interested buyer” turns out to have other intentions? What do you do when you’re in a vacant home with a stranger, and…