Mortgage spreads reached their narrowest point in three years on Aug. 22, but were still wider than their historic average, Redfin reported. The normal spread, which in this case measures the difference between the 30-year fixed rate mortgage and the 10-year Treasury yield, is in a range between 150 basis points and 200 basis points. […]
Mortgage-Treasury spread at narrowest point in three years Read More »
(Bloomberg) — Former Federal Reserve Vice Chair Lael Brainard suggested there’s a real risk of multiple Fed district bank presidents getting removed from office next year as a result of politically charged maneuvering by President Donald Trump. Brainard, who served on the Fed board from 2014 to 2023, spoke a day after Trump moved to
Fed bank presidents face risk of removal on Trump’s maneuvers, Brainard says Read More »
Knock, a real estate technology company that helps homeowners to buy before they sell, on Tuesday announced the close of its inaugural $100 million securitization. Cantor Fitzgerald & Co. served as the initial purchaser and bookrunner for the transaction, which closed on Aug. 14 and generated strong demand from well-established institutional investors in residential mortgage-backed
Knock closes $100M securitization, says it’s reached profitability Read More »