As investors look to take advantage of attractive yields in fixed income, one area of the market is often overlooked — securitized products. The space encompasses several different types of products, each generally created from pools of assets. They include mortgage-backed securities, collateralized loan obligations, commercial mortgage-backed securities and asset-backed securities. High-quality CLOs, for example,
Even in a frozen housing market, some are living out the American dream by purchasing a home, getting a mortgage, and putting just 3.5% down. The only type of mortgage loan that has even ticked up in the past two years are Federal Housing Administration (FHA) loans, according to data released today by consumer credit
New York Community Bancorp’s stock price slid 6% Wednesday as investors digested news of its pullback from the mortgage warehouse sector, where it is the second largest bank lender to nonbank mortgage companies. It was unclear whether the Long Island-based bank is fully exiting the sector — or merely selling its $5 billion loan portfolio
A HOMEOWNER was left feeling stuck after her mortgage rate rose by $200. A financial expert chimed in to expose the truth about renting versus buying a home. A financial content creator explained why neither renting nor purchasing a home is superiorCredit: TikTok/finance_with_bella In a fit of frustration, a homeowner shared a video on TikTok
A HOMEOWNER has sought financial guidance after their monthly mortgage ballooned to nearly half their income. In a YouTube video, a caller said she and her husband had buyer’s remorse a year after purchasing their home. A couple said they’re stressed over their monthly mortgage payment (stock image)Credit: Getty The couple said they have buyer’s
Rishi Sunak faces a “reckoning” at the polls as 900,000 homeowners brace for mortgage rises before a possible November general election. Some 4,200 mortgage holders a day are set to see their repayments rise by an average of £240 between now and an expected election in November, analysis suggests. Voters in traditionally Conservative “Blue Wall”
Banks are seeing a slide in demand for loans — at the same time that they’re tightening lending standards. And the pressures, as noted in the most recent Federal Reserve survey of loan officers through the “Senior Loan Officer Opinion Survey on Bank Lending Practices,” have impacted all manner of loan types, spanning commercial and
A DEBT-FREE man has been advised not to pay off his mortgage early, even though he could afford it. Financial guru Dave Ramsey told him it would be better to remain patient and not deplete his savings too quickly. A caller to The Ramsey Show was eager to pay of his house earlyCredit: Getty But
The U.S. housing market is harboring the potential for unprecedented economic stimulus that wouldn’t require any federal spending, according to Meredith Whitney, the one-time “Oracle of Wall Street” who predicted the Great Financial Crisis. While she has recently warned of the dangers that the “crisis of the American male” poses to the economy and the
Mortgage rates will probably remain above 7% in May as inflation resists the Federal Reserve’s efforts to bring it under control. It left rates unchanged at the conclusion of its April 30-May 1 meeting, and seemed as frustrated by inflation and high interest rates as home buyers are. The Fed is trying to wrestle the