A rise in interest rates is slamming US homeowners' demand for mortgages, prompting large and midsize banks to cut jobs and warn investors of declining...

Tom McKay

A rise in interest rates is slamming US homeowners' demand for mortgages, prompting large and midsize banks to cut jobs and warn investors of declining profitability in the home-loan business. Wells Fargo and JP Morgan are warning of downgrades to their mortgage origination businesses. (VIEW LINK)


About this contributor

Tom McKay

Tom McKay

Managing Director and Co-Founder, Livewire

I'm the Managing Director and Co-Founder of Livewire. I'm passionate about collecting and curating the markets most informed insights every day so that our members can discover new investment ideas. If you would like to get in touch - please use...

Expertise

economy property fixed income usa

Comments

Please sign in to comment on this wire.