Non-QM’s growth formula: Nimbleness and discipline

Homeowners and prospective buyers are urging the government to take action on Council Tax, Stamp Duty and housebuilding ahead of the Budget, according to research from specialist lender Together. The survey of 2,000 UK adults found that 37% want better support with Council Tax payments and a review of tax bands to improve affordability. This…

The week brought a mix of regulatory scrutiny, financial results, strategic expansion and industry analysis across the retail and institutional trading sectors. Brokers continued to adapt to changing market conditions while balancing growth initiatives with tighter regulatory expectations and shifting client behaviour. Several firms reported strong operational performance despite currency pressures, while others pursued acquisitions,…

Slightly Stronger Start Mostly Due to Oil. Treasury News Fails to Inspire (Again) Once again, Treasury is out with news about bond buying plans with two officials saying the Treasury General Account (TGA) could be used to fund long-end buybacks. TGA is Treasury’s bank account. It gets money from taxes, Treasury issuance, tariffs,…

Although it’s not a hard-and-fast rule, when a high-profile financial institution issues a bullish report on a stock, that title gets a nice little price boost as investors react to the news. This was the case with Marvell Technology (MRVL +4.51%) on the second trading day of the week, as it climbed almost 5% higher…

Two of the biggest U.S. banks wrote off more bad commercial real estate loans in the third quarter as they worked to clear troubled debt from their books. Wells Fargo’s CRE write-offs rose to $107M from $16M in the second quarter. Over the same period, its problem CRE loans — those it doubts will be…

Interest rates are based on bonds. Because the bonds underlying the average mortgage are fixed rate, inflation is the enemy. Imagine you’re an investor fronting the money for a fixed-rate mortgage. You know your schedule of payments from day one. Let’s say the payment is $5 or enough to buy a dozen eggs.  Now let’s…