UK GDP contracts again in May

By: ameer@trustedteam.com

The UK economy unexpectedly shrank by 0.1% in May, following a 0.3% decline in April, defying forecasts of modest growth and heightening concerns about a potential recession later this...

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Chancellor holds off cash ISA cut after outcry

By: ameer@trustedteam.com

Chancellor Rachel Reeves is understood to have put cash ISA reforms on hold following a backlash from the industry. Reeves was expected to cut the annual allowance on cash...

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ONS figures point to weaker housebuilding in May

By: ameer@trustedteam.com

Monthly construction output is estimated to have fallen by 0.6% in May 2025; this follows three consecutive periods of growth, including an increase of 0.8% in April 2025. This...

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End of Conservatorship Hinges on Senior Preferred Shares

By: ameer@trustedteam.com

There’s no consensus on how the Trump administration’s effort to end the conservatorship of the GSEs should address senior preferred shares in Fannie and Freddie.

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HEI Securitization Activity Evolves With Palisades

By: ameer@trustedteam.com

Palisades Group issued a $112.1 million securitization on June 30 that included home equity investment assets from multiple companies, a first for the growing sector.

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PennyMac’s Shift to Non-Agency MBS Prompted by CRT Runoff

By: ameer@trustedteam.com

PennyMac Mortgage Investment Trust started issuing non-agency MBS in November as part of an effort to boost its investments in credit-sensitive assets. The REIT is now one of the...

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RMBS Issuance Surges in 2Q25, CMBS & ABS Down

By: ameer@trustedteam.com

Agency single-family MBS issuance was up solidly in the second quarter, but it remains to be seen whether the market can match the pace set over the last six...

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