The long-term rate-indicative 10-year Treasury yield has fallen below 3.7% for the first time since spring. The benchmark yield was 3.66% at noon on Thursday, according to Yahoo Finance. The move to a lower yield was "influenced by deal flow that generated rate lock unwinds and spreads widening" in agencies, mortgages, and credit default swaps, according to a Sept. 4 U.S. Treasury market report by the fixed-income division of Jefferies & Co., a securities firm.
A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
