Strong mortgage banks advised to redeploy money to boost profits

While heavily mortgage-backed banks may see an impact on their income from a decrease in initiations, they may mitigate it by strategically redeploying excess cash, according to a report by Keefe, Bruyette & Woods. The improving U.S. economy and growing immunization rates have helped rising mortgage rates these last weeks. …

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Beware of the borrower: loans come at a high cost

Questions are already being raised as to whether the federal dollars flooding the U.S. economy during the Covid-19 crisis are reaching their intended recipients. Rightly so, when billions of taxpayer dollars are at stake. But it should make companies think twice before taking federal money. Clearly, there should be a …

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Closing of the first SGR unlimited fund, the “unlimited credit

MILAN, Italy, April 01, 2021 (GLOBE NEWSWIRE) – via InvestorWire – illimity SGR, the asset management company of the illimity group created to set up and manage alternative investment funds, has completed the first closing of “illimity Credit & Corporate Turnaround “(the”Funds” or “iCCT”) —A contribution fund dedicated to investments …

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