Mortgage rates ease for 3rd day in a row on soft April jobs report
Rates have been in retreat as bond market investors who fund most mortgage loans react to the latest economic news and scaleback in 'quantitative tightening' by Fed policymakers
by Matt Carter May 3
NYCB's surprise $2.7B Q4 loss rekindles regional bank fears
Worries about commercial real estate are making jumbo mortgages costlier, since regional banks are a major provider of loans that are too big for Fannie Mae and Freddie Mac
by Matt Carter Mar 1
Flagstar mortgages could help NYCB shore up its balance sheet
Troubled New York Community Bancorp is reportedly ready to pledge about $5B in home loans originated by Flagstar Bank as collateral for risk transfer that would bolster its capital
by Matt Carter Feb 8
Treasury Secretary: Commercial real estate will suffer 'some pain'
In her first interview since the resolution of the debt ceiling crisis, Treasury Secretary Janet Yellen said that while she expects 'some pain' and even consolidation, banks will weather the storm
by Matt Carter Jun 9
Ongoing doubts about soundness of regional banks rattle investors
Shares in regional banks PacWest Bancorp and Western Alliance Bancorp tumble, and TD Bank Group and First Horizon Corp. announce they're pulling out of a merger
by Matt Carter May 4