Mortgage-related securities issuance between Jan. 1 and Sept. 30 outpaced levels seen a year ago but volume was slower in the last three months of that period, according to the Securities Industry and Financial Markets Association.Mortgage-related issuance for the entire three quarter period rose almost 3% to $1.48 trillion, but third quarter volume was $484.9 billion, down 16.4% from a year ago and down 3.4% from the second quarter. The association can be found on the Web at http://www.sifma.org.
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JPMorganChase and Bank of America raised concerns about the proposed removal of risk-weighted assets from the denominator of the short-term wholesale funding component of the GSIB surcharge — changes backed by Goldman Sachs and Morgan Stanley.
June 26 -
House Speaker Mike Johnson, R-La., reportedly plans to send the recently passed housing bill to the White House on Monday, starting a 10-day clock for the president to sign the bill.
June 26 -
The national delinquency rate rose 15 basis points to 3.5% last month due to a calendar anomaly, marking a 4.5% month-over-month incline and 9.4% annual change.
June 26 -
ICE launched a fraud detection tool for underwriters, Newrez partnered with Matic and Rate announced a free home equity monitoring tool this month.
June 26 -
Nearly one-third of states now have official nonbank standards for liquidity, capital and corporate governance that firms over a certain threshold must meet.
June 26 -
KBW now rates UWM as outperform, and BTIG calls the stock a buy, but both cite high leverage levels and industry macro trends depressing its stock price.
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