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13.01.26 - 13:30
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ICIS and ICE Introduce Base Oils Futures (PR Newswire)
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A new suite of exchange-backed base oils futures contracts using ICIS benchmarks is set to bring risk management tools to a market that has, until now, traded almost exclusively on a physical basis. LONDON, Jan. 13, 2026 /PRNewswire/ -- Intercontinental Exchange (ICE), a leading global......
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14.11.25 - 01:21
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Underwater Mortgages Rise To 3-Year High Amid Cooling US Housing Market (ZeroHedge)
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Underwater Mortgages Rise To 3-Year High Amid Cooling US Housing Market
Authored by Tom Ozimek via The Epoch Times (emphasis ours),
A new report from the Intercontinental Exchange shows that nearly 875,000 homeowners now owe more on their mortgages than their properties are worth—the highest level in three years—as softening home prices and elevated borrowing costs squeeze household finances.
Townhouse for sale in Elkridge, Md., on Sept. 27, 2024. Madalina Vasiliu/The Epoch Times
The surge in negative equity represents 1.6 percent of all mortgage holders and highlights a worsening affordability landscape that officials in the Trump administration say is weighing on the broader economy.
While the jump is notable, the Intercontinental Exchange said in the Nov. 10 report, the overall share of underwater loans remains comparable to long-term averages prior to the pandemic housing boom, with the exception of the Great Recession. Still, the company warned that certain markets are seeing concentr...
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