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Jeff Ubben leaves ValueAct for social investing venture, calls finance 'done'

Inclusive Capital Partners founder Jeff Ubben is leaving ValueAct and is moving into social investing. CNBC’s Leslie Picker joins ‘Closing Bell’ to discuss his … source

Mortgage demand pulls back slightly despite record-low interest rates

CNBC’s Diana Olick reports the mortgage application data. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2JdMwO7 » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. From market futures to […]

If you have a longer time horizon, invest in these names: Investing pro

CNBC’s “Halftime Report” team breaks down their investment strategies and whether the mega-cap technology trade rally will keep going amid the coronavirus pandemic. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2JdMwO7 » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn […]

Wells Fargo taps brakes on its auto loan business

Wells Fargo will stop making loans to most independent car dealerships. CNBC’s Hugh Son joins ‘Closing Bell’ to discuss the decision. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2JdMwO7 » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC […]

Leading mortgage lender Quicken Loans sees record loan volumes

“We’re having record months. This quarter will be the largest quarter in the company’s history,” Quicken Loans CEO Jay Farner says. source

ARK Invest CEO doubles down on genomics, robots and 3D printing

Catherine Wood, the CEO and CIO of Ark Invest, details her strategies for her tech-focused, actively managed suite of exchange-traded funds. With CNBC’s Bob Pisani. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2JdMwO7 » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: […]

Expect at least 2 million new mortgage delinquencies: Market researcher

CNBC’s Kelly Evans is joined by Andy Walden, Black Knight director of market research, to discuss how many mortgage delinquencies there may be amid spiking unemployment numbers due to the coronavirus pandemic. As unemployment surges and more Americans struggle to make ends meet, more homeowners are applying for the government’s mortgage forbearance program under the […]

President Donald Trump waives interest on all student loans due to coronavirus

President Trump joins the news conference on the coronavirus pandemic. President Donald Trump said Friday that he would waive the interest on all federal student loans amid the coronavirus outbreak, meaning borrowers could pause their payments without any penalties. The measure is part of a larger strategy to mitigate the economic consequences of the pandemic […]

Active mortgage forbearances fall 112,000 from

Active mortgage CNBC’s Diana Olick reports the latest housing data, including new mortgage forbearance numbers. The number of borrowers in coronavirus-related mortgage relief programs fell for the second straight week, as cities began to reopen and some Americans went back to work. There are 4.66 million borrowers in government or private-sector forbearance programs, representing 8.8% […]

There's a mortgage REIT meltdown—Here's what's happening

CNBC’s Kelly Evans talks with Dom Chu and Diana Olick about the mortgage REIT meltdown as mortgage servicers face severe liquidity risk. An increase in interest rates, combined with a massive shutdown of the economy caused homeowners and potential homebuyers to back away from the mortgage market. Total mortgage application volume fell 29.4% last week […]

Purchase mortgage applications rise for eighth straight week

CNBC’s Diana Olick reports the latest mortgage application data. Rising interest rates did nothing to deter an onslaught of mortgage demand from homebuyers. Applications for loans to purchase a home rose 5% last week from the previous week and were 13% higher than a year ago, according to the Mortgage Bankers Association’s seasonally adjusted index. […]

Near-term risks deserve monitoring: Investment strategist

CNBC’s Kelly Evans breaks down investment strategies with Mark Luschini of Janney Montgomery Scott and Terri Spath of Sierra Investment Management. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2JdMwO7 » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC […]