Financial Services

Consumer finance services are becoming more in demand. What are the best-paying jobs in the sector?

Ernst & Young has been fined $100 million fine by the SEC for a cheating scandal. Here are the details.

Although PayPal supports crypto, the number of cryptos on the website remains limited for now. What crypto does PayPal support and will the offerings expand?.

Former Wells Fargo employees have alleged the bank conducted fake interviews for posts that were already filled.

Scammers have found a new loophole in PayPal's system where they can wipe out bank accounts. How does the PayPal prenote scam work?

How you file Robinhood taxes on TurboTax depends on whether you’re uploading securities or crypto 1099 forms.

Whereas a stock market correction has affected many top companies, MoneyGram hasn’t been one of them. Is the payment company publicly traded?

Who qualified for the HARP (Home Affordable Refinance Program). Is it possible to still apply to the HARP replacement programs for refinancing?

Fannie Mae, along with Freddie Mac, provides financing for mortgage lenders. It follows federal regulations and limits for loans determined by average home prices.

According to the latest report from Kantar Worldpanel ComTech, Apple’s (AAPL) iPhone 5S and iPhone 5C continued to lead the British smartphone market in May.

In November, RCS Capital terminated a $700 million deal to acquire Cole Capital from ARCP.

China’s Leading Economic Index currently indicates that the country’s economy is facing a downturn. Its LEI remained unchanged at 98.71 points in July 2015.

Mortgage-backed securities are the starting point for all mortgage market pricing and the investment of choice for mortgage REITs When the Federal Reserve talks about buying mortgage-backed securities, it’s referring to the To-Be-Announced (also know as the TBA) market. The TBA market allows loan originators to take individual loans and turn them into a homogeneous product […]

The Fidelity China Region Fund Class C (FHKCX) aims to achieve long-term capital growth.

Increased mobile adoption of Xoom’s mobile products led Latin America revenue, which rose 48% YoY. Gross sending volume increased 29% YoY.

Continued from Primer on mortgage backed securities, Part 4. Prepayment risk Prepayment risk and interest rate risk go hand-in-hand. The main difference between a mortgage backed security and a government bond is that with a government bond, you know exactly when you will get your principal and interest payments. If you purchase a 7-year Treasury […]

What are mortgage backed securities? Mortgage backed securities are pools of individual mortgages that have similar characteristics. They allow a relatively illiquid asset (an individual home mortgage) to be converted into a very liquid asset that can be traded with relative ease. They also allow an issuer to divide up the cash flows in order […]

Risks of being a servicer Generally, servicing seems like an easy job. Collect the payment, give the government its take, pass the (smaller) payment to the bondholders, and keep the rest. What could go wrong? There’s just one catch. What happens if you miss your mortgage payment? The U.S. government guarantees Ginnie Mae securities. When […]

Liberty Media Corporation owns interests in a range of communications and entertainment businesses. Recently, the company completed the previously announced spin-off of its cable business, Liberty Broadband.

The U.S. government is Lockheed Martin’s (LMT) major customer. With almost 82% of its revenues from the U.S. government, LMT highly depends on the government.

Samsung attributed its success in the smartphone industry to its own marketing efforts and denied copying Apple’s design.

The AB International Growth Fund’s assets were spread across 57 holdings in May 2016, and it was managing $334.2 million in assets.

March 2016 corn futures prices were trading near the support level of 355 cents per bushel on March 3, 2016. Prices declined after two days of rising by 0.28%.

European stocks began the year with a lot of hope pinned on them for providing capital appreciation in the year.

The American Funds EuroPacific Growth Fund (AEPGX) has been in existence since April 1984.

Among the BRICS, the most concerning at this point in time is China. The world’s second largest economy is slowing down and undergoing a structural shift.

PLVVX holds fixed income securities in both long and short positions. The fund also holds derivative forward, future, and swap agreements on government securities, indexes, and currencies.

On October 6, 2015, CBOT (Chicago Board of Trade) December expiry of corn futures contracts rose, breaking the resistance level.

Due to recent stock market turbulence in China’s stock market, the SSE (Shanghai Stock Exchange) Composite Index was down 22.7% month-over-month and ended at 3,200.23 points on September 11.

The Affordable Care Act requires health insurers spend at least 80% of premiums on health expenses for small group plans and 85% for large group plans.

On the company’s conference call to analysts and investors, Annaly CEO Wellington Denahan addressed the current interest rate environment and where she saw the company heading in the future.

Soros sold its 1.20% position in Johnson & Johnson (JNJ) last quarter. Johnson & Johnson’s reported 37% increase in adjusted net earnings in 4Q was mainly driven by its pharmaceutical segment.