Rithm Capital issues $262.3 million non-prime MBS

Rithm Capital issues $262.3 million non-prime MBS | Mortgage Professional Specialty Non-Prime Transaction is backed by 529 non-QM loans Rithm Capital, formerly New Residential Investment, has issued a $262.3 million MBS transaction backed by non-prime residential mortgages. The RMBS deal is collateralized by a pool of 529 newly originated mortgages, 71% of which were categorized … Read more

rbi: View: RBI strikes a right balance between growth and inflation

Governor Shaktikanta Das announced a 50-bps hike in policy repo rate to 5.9% from 5.4% during the monetary policy committee’s meeting on 30th September 2022 and maintained withdrawal of accommodation. With this, the rates have gone up 190-bps cumulatively since the start of the current calendar year. The rate hike was decided by a majority … Read more

After Ian, Florida Hospitals Evacuate Hundreds of Patients

Hundreds of hospital patients were being evacuated from facilities across the Fort Myers region Thursday after damage from Hurricane Ian cut off water supplies. One area hospital began assessing the full damage from ferocious winds that tore away parts of its roof and swamped its emergency room. Other health care systems in Ian’s path, from … Read more

Delhi’s education revolution made infra of schools world-class: Sisodia

Delhi’s “education revolution” has made the physical infrastructure of the schools world-class and empowered students with a strong growth mindset, Deputy Chief Minister Manish Sisodia said on Friday. Sisodia, who is also the city’s education minister, visited Sarvodaya Co-Ed School, I P Extension, on Friday and interacted with students there. “This … Read more

Natural gas prices hiked 40% to record levels; CNG, PNG to cost more

The government raised the prices of natural gas by 40 per cent to record levels on Friday. The decision, taken at the government’s biannual exercise for fixing the rates for the next six months, will take effect from October 1. This would lead to a steep increase in higher rates for Compressed … Read more

FTC sues pesticide makers, alleging price scheme

(Reuters) — The U.S. Federal Trade Commission on Thursday sued two top pesticide manufacturers for allegedly entering into exclusive contracts with distributors that kept prices paid by farmers artificially high. The consumer watchdog agency was motivated to bring the case in part because rising costs and supply chain disruptions from Russia’s invasion of Ukraine have … Read more

S&P puts UK credit rating on notice with ‘negative outlook’

The UK’s credit rating was threatened with a downgrade late on Friday when S&P, one of the world’s largest credit rating agencies, put the country on a “negative outlook” after chancellor Kwasi Kwarteng’s “mini” Budget last week. The rating agency maintained the UK’s double A investment grade credit rating but warned the outlook was negative. … Read more

Black Knight releases latest mortgage delinquency report

The national foreclosure rate remained virtually unchanged at 0.3% since March but inched up by one basis point from July 2021. “This slight bump mirrors metro-level trends, with almost two-thirds of areas that CoreLogic tracks posting small annual foreclosure gains,” CoreLogic said in a statement. “The minor uptick in foreclosures may be due to mortgage … Read more

Families of 3 Survivors File First Uvalde School Shooting Lawsuit

The families of three children who survived the Uvalde mass shooting in May have filed the first lawsuit in a federal court against the Uvalde school district, law enforcement officials, gun makers and others, alleging that their negligence and failures contributed to the massacre. The suit was filed Wednesday in Texas’ Western District Court and … Read more