NYCB to Sell $5 Billion of Mortgage Warehouse Loans to JPMorgan
New York Community Bancorp, disposing of assets and freeing up cash after its rescue by investors, agreed to sell about $5 billion of loans to JPMorgan Chase & Co.
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New York Community Bancorp, disposing of assets and freeing up cash after its rescue by investors, agreed to sell about $5 billion of loans to JPMorgan Chase & Co.
After almost two years of falling valuations, Europe’s commercial property slump is easing up.
Michael Cohen came under a plodding cross-examination Tuesday by Donald Trump’s lawyer, who sought to undermine his earlier testimony that he participated in a hush money scheme to help the former president influence the 2016 election.
The embattled head of the Federal Deposit Insurance Corp. pledged to overhaul the regulator’s culture, eschewing calls to step down after a probe found that for years some employees endured sexual harassment and discrimination on the job.
Former Nuveen LLC trader Lawrence Billimek should spend almost six years behind bars for front-running his employer’s trades to make $47 million in illegal profits, federal prosecutors said, while the firm itself is demanding he repay it more than $38 million.
Apr 8, 2024
BNN Bloomberg
The Quebec Professional Association of Real Estate Brokers says Montreal-area home sales rose 14.2 per cent in March compared with the same month last year.
The association says home sales in the region totalled 4,488 for the month, up from 3,930 in March 2023.
But it says this level of transactional activity remains under the historical average recorded for this time of year.
The median price for all housing types was up year-over-year, led by a 5.6 per cent rise for the price of a single-family home at $565,000 last month.
Meanwhile, the median price for a plex rose 5.5 per cent to $750,000 and the median price for a condominium rose 4.9 per cent to $400,000.
Active listings for March jumped 17.1 per cent compared with a year earlier to 18,707, while new listings rose 10.4 per cent to 6,973.
This report by The Canadian Press was first published April 8, 2024.