A $1.6B settlement remains possible
Mega European bank HSBC Holdings (HSB) is preparing for the worst by announcing it could take a hit of up to $1.6 billion on toxic mortgage-backed securities sold prior to the housing meltdown.
Reuters says the bank is in the midst of dealing with a legacy MBS case. If estimations prove correct, the European firm is facing a big payout.
An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]
