The Fed's aggressive regime of rate hikes caused refinance activity to disappear, which caused mortgage origination to collapse. The increase in interest rates also weighed on mortgage-backed security valuations, which negatively affected mortgage real estate investment trusts (mREITs). Leading mortgage REIT Annaly Capital (NYSE: NLY) just cut its dividend by 26%, with a new quarterly payout of $0.65 per share.
The former president's behavior just doesn't fly out in the real world.
A woman is furious about what happened to her car when she left it parked on a street in Bondi. Check out why here.
Reece Walsh is prone to an error or 53. Read more here.
EXCLUSIVE: Farmer Wants A Wife star Farmer Tom has told Yahoo Lifestyle a little-known fact from behind the scenes of the show. Read more.
More than 300 bodies were discovered at two mass graves sites outside Nasser and al-Shifa hospitals
Prince William and Kate Middleton's kids are now following several 'new rules' in the wake of her cancer diagnosis. Read more.
A Kmart shopper has taken to social media to share their frustrations with the budget retailer. Read more.
Larry Webb confessed on his deathbed to shooting and killing Susan Carter and her daughter Natasha ‘Alex’ Carter over financial troubles
Trump's legal team might not be thrilled with the Fox News host's analysis.
And teased that a "half nip" version might be hitting shelves soon.
Aussies receiving Centrelink payments have been reminded of upcoming closures and payment changes. Here’s what you need to know.
"So far as I know, you don't pay someone $130,000 not to have sex with you," the Utah senator remarked about the ex-president's payments to Stormy Daniels.
Change is coming to this supermarket, so shoppers should enjoy it while it lasts.
Marcus Stoinis has made a massive statement ahead of the T20 World Cup. Read more here.
The teen says Neil Foden told her to take the abuse with her "to the grave".
Jett Cleary wants to forge his own path to the NRL. Read more here.
A woman accused of killing her 14-month old son has been granted a judge only trial in the WA Supreme Court.
Victor J. Blue/ReutersOpening statements had not yet begun on Monday when former President Donald Trump dozed off for the first time.He quickly opened his eyes when defense attorney Todd Blanche slid him a note, as prosecutors prepared to kick off opening arguments in the historic trial, which hinges on accusations that the former president falsified business records over a $130,000 hush-money payment to porn star Stormy Daniels in an effort to keep her quiet as the 2016 presidential election lo
‘Basic Instinct’ star explains why parenting later in life made him a better father
Alex de Minaur is looking to achieve a rare feat against Rafa Nadal. Find out more here.
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