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Builder Confidence Hits Lowest Level Since 2012
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) dropped three points to 29 in October--its lowest level in 14 years. As per usual, higher mortgage rates, rising costs, and worsening labor and lot conditions were the driving factors. All three component indice
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Company Valuation, Equity, Friction Audit, Vendor Mgt., Borrower Communication Tools; Capital Markets
Lender and Broker Products, Services, and Software The ability to move swiftly and confidently through the origination and underwriting process matters more than ever. That’s why Plaid is empowering mortgage bankers to close faster, with more certainty. With Plaid, you can instantly verify an applic
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Et Tu, S&P PMI?
Little has changed between yesterday's close and this morning's early trading. 10yr yields are still several bps under 5%. MBS are still effectively at the highest levels in a month. Tech isn't happy, with futures hugging yesterday's lows ahead of the open. One difference, however, is that we'll ge
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Tech Tanks and Bonds Pick Up The Slack
Tech Tanks and Bonds Pick Up The Slack What began with focus on funding concerns for Coreweave (and, to a lesser degree, a very small handful of other companies) is spreading to bigger tech names today. Mix and match your favorite combo of disappointing earnings, underwhelming guidance, or cautionar
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