Financial Markets - Real Estate Investor Pulse

US regulators face sharp questions from Congress over bank collapses

March 28, 2023 Mark Paul Cervantes Comments Off

WASHINGTON, March 28 (Reuters) – Lawmakers are expected to put top U.S. bank regulators on the defensive over the unexpected failures of regional lenders Silicon Valley Bank and Signature Bank when they testify before Congress […]

Elon Musk says the state of the commercial real estate debt market is ‘by far the most serious looming issue’

March 28, 2023 Mark Paul Cervantes Comments Off

Of all the economy’s looming threats, Elon Musk says the state of the commercial real estate debt market is “by far the most serious.” On Sunday, the Kobeissi Letter, a newsletter focused on global capital markets, tweeted that over […]

EUR/USD grinds higher past 1.0800 as easing bank, inflation fears weigh on US Dollar

March 28, 2023 Mark Paul Cervantes Comments Off

EUR/USD bulls take a breather around the intraday high of near 1.0815 as traders seek more clues to extend the two-day run-up during early Tuesday. It’s worth noting that the comparatively upbeat catalysts from Eurozone […]

Economists see US falling into recession

March 28, 2023 Mark Paul Cervantes Comments Off

THE United States will likely enter a recession this year and face high inflation well into 2024, a majority of economists predicted in their response to a semiannual survey.More than two-thirds of respondents to the […]

The initial banking crisis is easing. Another may be around the corner.

March 27, 2023 Mark Paul Cervantes Comments Off

Federal authorities still grappling with the banking crisis caused by the collapse of Silicon Valley Bank are already beginning to worry about the next potential bomb to go off in the nation’s financial system. In the […]

Latest crisis to hit U.S. economy illustrates the costs of complacency

March 27, 2023 Mark Paul Cervantes Comments Off

Each of the last four U.S. presidents has confronted an economic crisis serious enough to warrant extraordinary government intervention in the workings of the free market. Once rare, such dramatic rescues have become the norm. […]

Dollar little changed as U.S. inflation data poses quandary for Fed

March 24, 2023 Mark Paul Cervantes Comments Off

The Dollar traded little changed on Tuesday after strong consumer price data revived the likelihood that the Federal Reserve will hike interest rates next week as fears of turmoil spreading in the banking sector faded. […]

European stocks fall as Deutsche Bank leads rout in banks

March 24, 2023 Mark Paul Cervantes Comments Off

March 24 (Reuters) – A steep selloff in banking stocks hit European indices on Friday as worries about the stability of the financial sector intensified, with the news of a U.S. probe on Credit Suisse […]

The Swiss claim the U.S. banking crisis ultimately toppled Credit Suisse. But are they right?

March 24, 2023 Mark Paul Cervantes Comments Off

Following Credit Suisse’s “emergency rescue” by rival UBS, Swiss authorities placed a heavy emphasis on the role of U.S. regional banking collapses in pushing the stricken Swiss lender to the brink. Credit Suisse’s most recent share price […]

US jobless claims inch down as labor market remains tight

March 23, 2023 Mark Paul Cervantes Comments Off

The labor market continues to defy Federal Reserve attempts to cool hiring, with U.S. applications for unemployment benefits down again last week and remaining at historically low levels. Jobless claims in the U.S. for the […]

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off

Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off

Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off

Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]