US MORTGAGE

Almost $1 trillion of debt linked to commercial real estate will mature this year in the US, according to the Mortgage Bankers Association, and rising defaults as borrowers fail to repay will create more options for buyers of distressed assets.

The producer price index can provide an early sign of where consumer inflation is headed. Economists also watch it because some of its components, notably healthcare and financial services, flow into the Federal Reserve's preferred inflation gauge -...

Senior portfolio manager Steve Eisman foresees prolonged strength in US megacap tech stocks driven by AI accessibility. Eisman recommends owning large-cap tech stocks like Apple, Nvidia, Microsoft, and Oracle. Despite concerns about Nvidia's valuati...

Federal Reserve Chair Jerome Powell stated on Wednesday that he was not ready to declare victory over inflation yet. He emphasized that the U.S. is still on the path back to stable prices and sustained low unemployment. Powell and other Federal Rese...

A report has revealed that US President Joe Biden and the First Lady Dr Jill Biden have re-financed their Delaware home more than 20 times. There are other transactions which have led to their opponents questioning many of them.

Mike Russell who is just 15 years of age will be making his PGA Tour debut at the Detroit Golf Club from June 27-30. However, he is not the youngest player to be making his debut.

Existing home sales fell 1.9% to 4.14 million in April, with median prices rising to $407,600. Lawrence Yun expressed frustration over the sales drop.

Walmart Inc. reported another quarter of strong quarterly results Thursday as its low prices pull in shoppers scouring for discounts with inflation stubbornly high.

L&T Finance Ltd aims for a 25% compound annual growth rate (CAGR) in the coming years, focusing on strengthening its retail lending business. The financial services arm of Larsen & Toubro plans to exit the wholesale segment entirely by 2026, becomin...

The sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several Federal Reserve officials have said in recent comments, suggesting there may be few, if any, rate cuts this year.

The company is in the final leg of getting all the regulatory approvals from the US for the fundraise. The lender's marginal cost of borrowing for the funds raised during the quarter to March 31, 2024 was 8.7%. The average cost of borrowing for FY24...

​​ Britain's FTSE 100 opened at a record high, boosted by gains in Shell after Reuters reported its plans to sell the Malaysian gas station business and BP gained on maintaining share buyback plans but missed earnings forecast.

The downshift in the pace of the runoff had been widely expected, although market participants weren't sure whether the tapering of the runoff process would happen at this week's FOMC gathering or the one scheduled for June.

The National Association of Realtors (NAR) reported a 4.3 percent drop in existing home sales in March, driven by elevated mortgage rates. The average 30-year fixed-rate mortgage averaged 6.88 percent as of April 11, up from the previous week. The N...

In February, existing home sales soared by 9.5% to a rate of 4.38 million, the highest since February 2023. This surge was driven by increased housing supply and stable mortgage rates, with Lawrence Yun highlighting the positive market impact.

​Bond fund managers have so much cash they’re turning to the derivatives market to put it to work, pushing down the cost of protection against defaults close to levels that prevailed when central banks were just starting to raise interest rates.

​U.S. Treasury yields ticked up on Wednesday following Tuesday's higher-than-expected consumer price inflation for February, raising concerns that the Federal Reserve may hold off on rate cuts beyond investor expectations.

Harvard's Jason Furman started the year with a 50% probability of a recession within the next one year. He's now recalibrated it to 20%. Mark Zandi, chief economist at Moody's Analytics, reduced his estimate from 50% to 33%. Goldman's Jan Hatzius wa...

The Mortgage Bankers Association on Wednesday said the average contract rate on a 30-year fixed-rate mortgage dropped in the week ended Nov. 3 by a quarter percentage point to 7.61%, the lowest in about a month. It was the largest weekly drop since ...