Investments

Societe Generale reportedly quitting U.S. mortgage bond business

Bloomberg report suggests SocGen will 'pull back'

Societe Generale is reportedly “pulling back” on its U.S. mortgage-bond trading business, according to an article from Bloomberg.

From the Bloomberg report:

The French bank is instructing traders of U.S. government-backed mortgage bonds to stop buying the securities, said the people, who asked not to be identified because the matter is private. The directive comes as senior executives at the lender discuss scaling back from the $5.4 trillion market, the people said.

Most Popular Articles

CFPB to consider changing or eliminating TRID rule

The CFPB has been taking a long, hard look at some of its rules and regulations. Next up on its list to review is TRID, and it looks like eliminating the rule entirely is not off the table.

Nov 20, 2019 By

Latest Articles

Tech-focused real estate company REX raises $40 million

Tech-focused real estate company REX announced this week that it raised $40 million in Series C1 funding to complete its national expansion and broaden the availability of mortgage, insurance, escrow and other services it offers.

Nov 21, 2019 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please