Ginnie Mae’s Joseph Gormley on fixing loan-level data quality
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Azura launches Azura Private as Stella team comes on board
Azura Private executive team. Credit: Azura Financial. Azura Financial has joined forces with Stella Private to launch Azura Private, a new advisory platform aimed at HNWIs, families and corporate clients seeking complex finance solutions. The new platform will give clients access to tailored capital options through private banks, institutional lenders and private credit providers. Access…
What does Bessent’s Treasury buyback plan mean for mortgage rates?
Yields on longer-term government debt declined from recent peaks on Wednesday following the U.S. Treasury Department’s announcement it would be “at least” doubling the size of longer-dated debt repurchases it makes in coming months. The announcement ultimately calmed a bond market sell-off that began earlier in the week and accelerated Tuesday. Yields on 30-year Treasurys…
Comment: Swap rates explained – Mortgage Strategy
Over the past few years, borrowers have become accustomed to seeing fixed-rate mortgage pricing move quickly and sometimes unexpectedly. The Mini-Budget in 2022 provided perhaps the most dramatic example, but it has happened several times since. Most recently, conflict in the Middle East contributed to higher fixed-rate mortgage pricing despite the Bank of England leaving…
Housing shortage caused by red tape, not lack of capital, says former FHA head
“Money doesn’t solve the problem. Supply is the problem,” he said. “There’s no shortage of investors looking to invest in housing. The biggest bottleneck isn’t the financing, it’s the government process. If it takes five years to approve a project, no amount of capital from Wall Street can fix that.” He said the fix requires…
RBI tightens governance framework, redefines bank board responsibilities
Mumbai: The RBI has revised governance norms for banks boards, narrowing their role to strategy, risk oversight and corporate governance while empowering specialised board committees to handle a host of routine, operational matters. The amendments, which come into effect from October 1, follow draft proposals released in April and are aimed at allowing directors to…
Rare earths: Sunrise Energy Metals shares soar after U.S. investment
Shares of Australia’s Sunrise Energy Metals jumped as much as 29% on Monday after the rare earth miner secured a $400 million investment in long-term debt financing from the U.S. to support the development of the world’s first primary mine for scandium. The Trump administration’s backing for Sunrise comes as major economies seek to shore…
