House passes bill to ease banking regulations

If nothing else, this morning offers confirmation of just how nervous the market is about inflation. The producer price index barely beat its forecast (in fact y/y CORE PPI was on the screws), but this was enough for bonds to add on to modest overnight gains in a modestly enthusiastic way.  We almost never see…

“I definitely see a lot of automation happening more recently,” he said. “I think we’re going to get to a point where servicers are taking efficiency to another level in the next couple months. It’s not just a cost-saving piece, but it’s also how can we be better as servicers and how can we serve…

The S&P 500 wrapped up the week with a fractional loss of 0.3%, following a Jobs Friday rally. Key Takeaways The S&P 500 ended fractionally lower for the week, down 0.27%. The index is currently sitting roughly 1% below its record close. The S&P 500 is currently up 12.81% year-to-date, while the S&P Equal Weight…

Munis cheapened Tuesday, as U.S. Treasuries saw small gains out long and equities ended lower. Processing Content Muni yields were cut by up to seven basis points, depending on the scale, as USTs richened by up to two basis points. Heavy issuance and misaligned muni-UST ratios are driving a correction, NewSquare Capital’s Kim Olsan said….

The top-floor penthouse at 100 Jay Street scored the priciest contract in Brooklyn last week.  The deal for the 33rd-floor unit in the Dumbo project was one of 21 — eight condos, one co-op and 12 single-family homes — signed for homes asking at least $2 million from Aug. 10 to Aug. 16., according to…