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Housing market

Housing market

Mortgage rates are declining, but buyers still need some coaxing to get back into the market. Signs in the market have analysts suggesting the worst of the current mortgage cycle may be behind us in 2024.
  • Business
    Bloomberg

    Blackstone-Backed Aadhar Housing Finance Rises in India Debut

    (Bloomberg) -- Aadhar Housing Finance Ltd. advanced as much as 9% on its first day of trade in India after an initial public offering of 30 billion rupees ($359 million), the country’s second-largest this year. Most Read from BloombergChina Considers Government Buying of Unsold Homes to Save Property MarketHow One of the World's Oldest Hedge Funds Went BankruptFlood of China Used Cooking Oil Spurs Call to Hike US LeviesOpenAI Chief Scientist Ilya Sutskever Is Leaving the CompanyBiden Accuses Chi

  • Business
    Reuters

    NYCB to sell nearly $5 billion of mortgage warehouse loans to JPMorgan

    The deal bolsters NYCB's liquidity and capital as it executes a crucial turnaround to return to profitability over the next two years. NYCB expects the transaction will add 65 basis points to its CET1 capital ratio and bolster its liquidity profile as the proceeds of the sale will be reinvested into cash and securities, it said. The sale of its loans comes after NYCB promised to shrink its balance sheet by reducing non-core assets.

  • Business
    Bloomberg

    Argentines Flock to Banks as Milei Awakens Mortgage Market

    (Bloomberg) -- Argentines are rushing to banks to apply for mortgages as interest-rate reductions since President Javier Milei took power begin to wake the home-loan market from a six-year slumber.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindBiden Accuses China of ‘Cheating’ on Trade, Imposes New TariffsFlood of China Used Cooking Oil Spurs Call to Hike US LeviesHow One of the World's Oldest Hedge Funds Went BankruptMacron Puts French Banks in Play With Pla