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  • CFTC Commissioner Goldsmith Romero To Speak At The World Economic Forum’s Industry Strategy Meeting 2024

    Date 06/05/2024

    WHAT:

    Commissioner Christy Goldsmith Romero will speak at the World Economic Forum’s Industry Strategy Meeting 2024.

    WHEN:

    Wednesday, May 8, 2024
    8:15 a.m. – 11:15 a.m. (EDT)

    WHERE:

    Deutsche Bank Center
    1 Columbus Circle
    New York, NY 10019

    Additional information: Industry Strategy Meeting | World Economic Forum (weforum.org)

  • US Office Of Financial Research Adopts Final Rule For Data Collection Of Non-Centrally Cleared Bilateral Transactions In The U.S. Repurchase Agreement Market

    Date 06/05/2024

    The Office of Financial Research (OFR) today adopted a Final Rule to improve transparency within the U.S. repurchase agreement (repo) market by establishing a data collection for non-centrally cleared bilateral transactions.

  • The EBA Presents Its Main Achievement In 2023

    Date 06/05/2024

    The European Banking Authority (EBA) today published the first part of its 2023 Annual Report presenting the main achievements and activities of the organisation in fulfilling its mandates under its Work Programme over the last 12 months. 

  • ICE Mortgage Monitor: Historically Strong Home Price Growth Pushes U.S. Mortgage Holders’ Tappable Equity To Record $11T

    Date 06/05/2024

    • Though rising rates have dampened purchase demand and allowed for modest inventory growth, a continuing deficit of homes for sale this spring is helping prices remain resilient
    • According to the ICE Home Price Index, prices rose 1.2% in March, more than 25% above the 25-year average increase, marking the third consecutive month of above-average home price gains
    • On an annual basis, home price growth eased slightly in March to +5.6% from an upwardly revised +6.0% in February
    • Strong home price growth in early 2024 increased mortgage-holder equity to a record $16.9T in Q1, $11T of which can be leveraged while retaining a 20% equity cushion – also an all-time high
    • 48M U.S. homeowners with mortgages have some level of such tappable equity, at an average of $206K per borrower, up from $185K at the same time last year
    • Two thirds of all tappable equity is held by homeowners with credit scores of 760 or higher, making for a relatively low-risk lending cohort
    • An equal share – two thirds – is held by homeowners with first lien mortgage rates below 4%, with 84% (~$9.2T) held by those with rates lower than 5%
    • Just five West Coast metros – Los Angeles ($1.1T), San Francisco ($648B), San Jose ($348B), San Diego ($331B), and Seattle ($324B) – account for nearly a quarter ($2.7T) of total tappable equity
    • Homeowners in these markets not only hold some of the largest volumes of tappable equity but also have rates well below the national average as higher loan balances tend to provide more frequent refi incentive
    • Second lien home equity products remain particularly attractive options for such borrowers wanting to access some of this abundant equity while maintaining their historically low first lien rates

  • Tehran Stock Exchange Bulletin - April 2024

    Date 06/05/2024

    Click here to download Tehran Stock Exchange's monthly bulletin.

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