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Banking, Real Estate

“US lenders are starting to go bankrupt with new mortgages down 47%…” 

“…A report from ATTOM reveals that new mortgage originations were down 47% in the third quarter of 2022 compared to the year before. That’s a 19% decrease from the previous quarter and represents the biggest annual drop in 21 years.… Continue Reading…

Real Estate

“With new mortgages down 47%, US lenders are starting to go bankrupt — could this one factor trigger the worst surge of failures since 2008?”

“…A report from ATTOM reveals that new mortgage originations were down 47% in the third quarter of 2022 compared to the year before. That’s a 19% decrease from the previous quarter and represents the biggest annual drop in 21 years.… Continue Reading…

Business, Stocks

“Bankrupt Hertz to sell up to $500 million in new shares”

“Hertz Global Holdings Inc <HTZ.N> will sell up to $500 million in new shares, the car rental firm said on Monday, as it takes advantage of a strong rally in its stock since it filed for bankruptcy last month. Hertz… Continue Reading…