Rod Bolivar

1 week ago | mpamag.com | Rod Bolivar

Applications nosedived last week – but ARMs are surging in popularity again By 16 Apr 2025 Mortgage applications in the US fell last week amid continuing turmoil over the Trump administration’s global trade war – but the share of borrowers applying for adjustable-rate mortgages hit its highest level for more than two years. The Market Composite Index, which measures mortgage loan application volume, dropped 7.6% from the previous week on an unadjusted basis.

1 week ago | mpamag.com | Rod Bolivar

Company considers a deal structure that keeps control while raising funds By 16 Apr 2025 Bayview Asset Management is considering several liquidity strategies, including the potential sale of a minority interest and the use of a net-asset-value (NAV) loan, according to individuals with direct knowledge of the matter. The credit investment firm, which manages approximately $20 billion in assets, has initiated early discussions as it evaluates how to raise capital.

1 week ago | mpamag.com | Rod Bolivar

Grants range from $2,500 to $20,000 per nonprofit By 16 Apr 2025 Eight nonprofit organizations across seven US states will receive a combined $55,000 in grant funding from the Union Home Foundation during the first quarter of 2025, according to a recent announcement by the charitable division of Union Home Mortgage Corp. The grants support programs that focus on financial literacy and access to housing.

1 week ago | mpamag.com | Rod Bolivar

As spending slows, central bank weighs whether to act or hold on rates By 15 Apr 2025 Federal Reserve Bank of Atlanta president Raphael Bostic has urged caution on any immediate shifts in interest rates, citing ongoing uncertainty over President Donald Trump's economic policies. Bostic emphasized the need for more clarity on trade, immigration, and regulatory changes before the Fed can make further moves.

1 week ago | mpamag.com | Rod Bolivar

Hackers accessed emails for over a year, affecting more than 100 accounts By 15 Apr 2025 Several of the United States’ largest banks have begun limiting how they share data with the Office of the Comptroller of the Currency (OCC), following reports that a long-running cybersecurity breach gave hackers access to confidential regulator communications. JPMorgan Chase & Co. and Bank of New York Mellon Corp. have paused electronic information transfers to the OCC.