A rapid plunge in U.S. interest-rate volatility is heaping pain on a popular Wall Street approach for hedging against financial market turmoil. In recent years, major banks have been building and selling protective quantitative investment strategies (QIS) tied to long-term expectations for swings in interest rates. The products — systematic trades packaged up as swaps for the […]

The real estate industry is at an inflection point. Affordability has become the single most pressing issue for consumers, regulators, and professionals alike. For decades, buyers searched by list price, even though every lender knows that what really matters is the monthly payment a family can carry under underwriting standards. Now, search-by-payment is no longer

In our Tech Disruption survey, National Mortgage News asked participants “What technology is in use in your organization?” When it came to “advanced fraud protection tools,” significant shares of banks, credit unions and nonbank mortgage lenders all said they do employ them. However, a 13 percentage point gap exists between banks (86%) and nonbanks (73%);