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New York Mortgage Trust, Inc. latest news:
UPDATE 1-U.S. 30-year mortgage rates rise near 4-year high - Freddie Mac
NEW YORK, Feb 15 (Reuters) - U.S. 30-year mortgage rates
climbed to their highest levels in almost four years in line
with U.S. bond yields on worries about rising inflation amid an
improving global economy, Freddie Mac said on
UPDATE 1-U.S. 30-year mortgage rates hit 13-month high -Freddie Mac
NEW YORK, Feb 8 (Reuters) - U.S. 30-year mortgage rates
jumped to their highest levels in more than 13 months as U.S.
bond yields rose on concerns that hints of rising inflation
would make the Federal Reserve raise interest rates faster,
Freddie Mac said on Thursday.
JP Morgan to invest $20 billion over five years to enhance employee benefits, support local job growth
J.P. Morgan Chase said Tuesday it will invest $20 billion over five years on employee benefits including wage hikes, along with measures to support local growth across the U.S. The bank said it will raise wages to between $15 and $18 an hour for 22,000 employees in more than 100 cities in branches and customer service centers, including New York, San Francisco and Boston. The bank will reduce health care costs for employees earnings less than $60,000 a year. The bank is also planning to expand its branch network into new markets in the U.S., to make increased commitments to mortgage and small-business lending and increase its philanthropic investments. "We are a leader in 23 states, but aren't yet in major markets like Washington D.C., Boston, Philadelphia, and many others," said Gordon Smith, CEO of consumer and community banking at Chase. Shares were slightly lower premarket, but have gained 37% in the last 12 months, while the S&P 500 has gained 25% and the Dow Jones Industrial Average has gained 32%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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