WaMu Capital Corp., a fixed-income institutional broker-dealer and subsidiary of Seattle-based mortgage lending giant Washington Mutual Inc., has reported that it will open a New York sales office in Midtown Manhattan by the end of March.The corporation said it is opening the office to serve the high concentration of clients it has in the region and to complement its offices in Seattle and Los Angeles. Washington Mutual can be found online at http://www.wamu.com.
The serial entrepreneur, who also created Rapid Reporting and American Transfer & Trust, plans to remain active in industry causes, a LinkedIn post said.
Almost 45% of buyers received a seller concession this summer, while more than 15% saw a reduction in the asking price to go along with it, according to Redfin.
With 55% of homeowners planning to renovate rather than relocate, demand for home improvement capital will be strong even if the purchase market slows further.
Last week's bond market turmoil continued leading up to the FOMC decision on Wednesday, pushing the 30-year fixed to near or over 7%, depending on the source.
The Securities and Exchange Commission said Rule 14a-8 exceeds its statutory authority and intrudes on matters of state law. Shareholder advocacy groups, however, argue that repealing the rule could reduce transparency.
Brian Johnson's nomination to lead the Consumer Financial Protection Bureau advanced to the full Senate Thursday morning in a party-line vote.
