Financial Markets - Real Estate Investor Pulse

Moody’s downgrades US banks, warns of possible cuts to others

August 8, 2023 Mark Paul Cervantes Comments Off

(Reuters) – Moody’s cut credit ratings of several small to mid-sized U.S. banks on Monday and said it may downgrade some of the nation’s biggest lenders, warning that the sector’s credit strength will likely be […]

Woori Bank teams up with BuildBlock on US real estate services

August 7, 2023 Mark Paul Cervantes Comments Off

South Korea’s Woori Bank and US real estate platform operator BuildBlock have entered into a strategic memorandum of understanding to bolster overseas property investments, the bank said on Sunday. Founded in Silicon Valley in 2018, […]

U.S. Commercial Lending to Dive 38 Percent to $504 Billion in 2023

August 4, 2023 Mark Paul Cervantes Comments Off

Higher Rates, Economic Uncertainty Slow Commercial Lending In The U.S. According to the Mortgage Bankers Association, total U.S. commercial and multifamily mortgage borrowing and lending is expected to fall to $504 billion this year, which […]

Would a Data Leak Expose Your Bank Loan and Mortgage Information?

July 31, 2023 Mark Paul Cervantes Comments Off

We live in an era of increasing data insecurity, with data breaches and leaks a common occurrence, and reports of identity theft growing year on year. One question netizens have been asking online is what this threat environment means for loan […]

Fed faces broader debate as it tees up rate hike

July 18, 2023 Mark Paul Cervantes Comments Off

WASHINGTON (Reuters) – Since the Federal Reserve decided to keep interest rates on hold at its June 13-14 policy meeting, U.S. central bank officials have given every indication they are ready to approve another small […]

U.S. Bank reveals new mortgage product aimed at minority borrowers

July 13, 2023 Mark Paul Cervantes Comments Off

U.S. Bank has joined the growing list of mortgage providers to deploy homebuyer assistance programs to help underserved borrowers overcome the down payment obstacle. The bank has launched Access Home Loan, a mortgage Special Purpose […]

Bank of America CEO: Inflation could hit Fed’s 2% target by 2025

June 29, 2023 Mark Paul Cervantes Comments Off

New YorkCNN — US inflation could hit the Federal Reserve’s 2% target in 2025, Bank of America CEO Brian Moynihan told CNN in an exclusive interview Tuesday. “We think it will take [Fed officials] all of […]

Big US banks to fare well in annual health checks despite spring turmoil

June 26, 2023 Mark Paul Cervantes Comments Off

WASHINGTON, June 26 (Reuters) – Big U.S. lenders are expected to show they have ample capital to weather any fresh turmoil in the banking sector during this week’s Federal Reserve health checks, although resulting investor […]

Bank poised to hike interest rates as inflation remains unchanged at 8.7%

June 21, 2023 Mark Paul Cervantes Comments Off

Borrowers have been put on notice for further Bank of England interest rate rises after inflation in the UK unexpectedly remained stuck at 8.7% in May, adding to the pressure on households suffering a surge in mortgage […]

US Banks Facing $1,450,000,000,000 in Commercial Real Estate Exposure As Lenders Prepare to Sell at a Loss: Report

June 14, 2023 Mark Paul Cervantes Comments Off

American banks are preparing to sell portions of their commercial real estate debt at a loss, according to a new report. Although most debtors are up to date on payments, banks are looking to clean […]

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 […]