U.S. stock futures drift higher with Fed rate hike in focus
U.S. stock futures drift higher with Fed rate hike in focus
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A brief rate retreat pushes US pending home sales to a six-week peak
Analysts attributed the move partly to progress in US-Iran negotiations, which temporarily settled financial markets and brought the median monthly housing payment down to $2,598. That affordability window, however, proved fleeting. The 10-year Treasury yields, a key driver of 30-year fixed mortgage rates, ticked sharply higher on Wednesday morning after President Trump declared the ceasefire…
Hunt and Asher-Smith Set Records at European Athletics Championships
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Big Six impaired loans nearly triple, but remain manageable: Morningstar DBRS
Impaired loans at Canada’s Big Six banks have nearly tripled from their 2022 lows, although Morningstar DBRS says overall asset quality remains solid and the increase is not yet cause for significant concern. Gross impaired loans reached $37.5 billion in the second quarter of 2026, up from $13.2 billion in the third quarter of 2022….
Banc of California loses foreclosure after affidavit skips key evidence
The defendants appealed. And won. The problem sat with the affidavit the lender submitted from its vice president. To win summary judgment in a New York foreclosure, a lender has to produce the mortgage, the unpaid note, and evidence of default. That evidence must come from someone with personal knowledge of the facts or through…
Home Values Firm Up as Chicago, New York and Cleveland Post Big Gains
National home value growth modestly accelerated in June, extending May’s momentum, driven by strong demand in the inventory-strapped Midwest and Northeast markets. The value of single-family homes as measured by repeat transactions rose 1.5% nationally in June compared to a year ago, up from a revised 1.2% annual increase the month prior, according to data from the S&P Cotality…
MBA, FHLBanks back FHFA plan to drop ‘reputational harm’ rule
Most of the comments on the Federal Housing Finance Agency’s proposal to remove “reputational harm” as a reason to put people on its suspended counterparties list were in favor of the change. Processing Content However, one early commenter strongly opposed the move. “Removing ‘reputational harm’ from the covered misconduct sends a message that the FHFA…
