A $20M fine stalks Los Angeles over delay of a new housing project
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Non-QM issuance estimates boosted due to investor demand
Secondary market demand, particularly from insurers, is showing mortgage originators they have a strong outlet for non-agency loan production. Processing Content Insurance companies purchased $17 billion of non-agency mortgage-backed securities in the second quarter, with the largest amount going to non-qualified issuance, the latest Bank of America Securities weekly report on this area said. B…
Trump: US has almost total control of the Strait of Hormuz
Comments from US President Trump on Iran and the Strait of Hormuz: US has almost total control of the Strait of Hormuz. You will see things happening very soon (regarding Iran); there has been historic flows of oil out of Hormuz in the last three days. Analysis: Trump’s message is that the US has control…
Banks Put Transaction Data to Work in Commerce Media
A retailer can see what customers buy from that firm’s online and offline channels. A bank with a large card portfolio can see spending across a much wider range of merchants. Payments networks and technology providers have other views of transactions and checkout. Financial services companies are pushing deeper into commerce media, creating revenue opportunities…
Trump appeals order slamming IRS lawsuit, referring lawyer to bar
President Donald Trump speaks to reporters after landing in Air Force One at Joint Base Andrews, Maryland, July 19, 2026. Andrew Harnik | Getty Images President Donald Trump on Friday appealed a federal judge’s blistering order finding he filed a bad-faith $10 billion lawsuit in order to reach an advantageous settlement. The notice of appeal…
Market Dislocation Creates Buying Opportunity in Nuclear ETFs
Recent weakness across nuclear energy ETFs represents a market dislocation in the industry. While public equities have pulled back year to date, strong regulatory tailwinds and massive private sector funding suggest that short-term price pressure has created a compelling entry point for long-term investors. Key Takeaways Nuclear energy ETFs are underperforming broader equities year to…
What do rising bond yields mean for you?
Bonds are central to the global financial system, and when their yields rise it can have a significant impact on your finances. Bond yields – the amount that bonds pay in interest as a percentage of their price – are reaching all-time highs. In August, yields on 30-year US government bonds (Treasuries) rose to over…
